This is 100% factual and true and it could happen
Due to an error caused by a
Charles Schwab broker our College Funds are gone. (He did
not execute a sell order, the stock price dropped,
since we thought the stock was sold, their was not
enough funds in our account to cover our other stock
purchase, in order to cover the shortfall Schwab sold off
our stocks without even contacting us and our funds
were whipped out).
Now SCHWAB, this large
"CONGLOMERATE", wont take on the responsibility to correct this
error. We made the order to sell but Schwab cant verify
this since their telephone recording system failed.
This a pure cover up!!!!! History has shown that the
big guy always destroys the little guy even if the
big guy is at fault.
We are looking for your
help and support to try to get our money back in the
near term rather than going through years with lawyers
Please take one minute of
your time and contact Schwab and voice your support.
Tell them to �Give those 4929-4600 Kids BACK Their
Future�. Please express your support by calling their
Chairman�s Division at 800-468-3774 or 800-435-4000 or
e-mailing them at (email@example.com and/or
firstname.lastname@example.org) or the easiest is through the web site at (click
on the second "GO>>")
A proposed response that you can
copy and send to Schwab:
�To: Mr. Charles
Take responsibility! Correct your error. Give those
4929-4600 kids back their future!!!�
(or send) us on your e-mail. We would like to �Thank�
all of you for your support.
Our E-Mail Address
THANK YOU FOR YOUR SUPPORT!!!!!!
Like any tool, shorting has a risk/return
characteristic. Buying stock is usually safer since you can "wait
forever" for it to go back up. Usually buying a stock is
less risky then buying options. In the case of the
more volatile internet stocks, I consider buying the
stock to be *more* risky then buying options due to the
possibility of the stock taking a dump and not recovering for
many years, but still not quite as risky as shorting.
So I just play with options on these
Right now I am playing a partial straddle on Yahoo
using options. I have more puts then calls, so I am
betting the stock will go down prior to the options
expiration. However, if it goes up sufficiently I will sell
the call-side of the straddle to cover the cost of
the whole position. The risk here is that the stock
will go neither up nor down sufficiently prior to
expiration or that volatility will die down.
I look for bargains, then stay with them for
their run... I sell when I'm comfortable with the gain.
I may stick with a stock for many months or just
days.. depends. My get out target for Yahoo is 220 or
so... that's a nice profit. Then I'll look for other
bargains or get back into Yahoo if it drops after
earnings.. I love the wide swings. I follow many internet
stocks.. DoubleClick, TFSM, Exodus, CISCO, Inktomi, CDNOW,
SUN, Amazon, EBAY, etc.. I'm very bullish on the whole
internet scene.. I think it is still in it's early stages
and has huge potential.
I can see that shorting is tool in investing, but
I just can't make myself bet against a company...
I'm just a born positive thinker. Besides I don't
agree that the longs were going through what the shorts
are now going through... When you own a stock it's
easy to just sit out the dips... even if your a day
trader.. you don't actually loose money when the stock
goes down (unless you sell at a loss)... however
shorts are only borrowing the stock from their broker in
a short position.. so when the stock goes up, a
short does not have the luxury of just sitting it out
they have to cover.. and with a stock like Yahoo,
which can jump 10 to 15 points in a flash.. a large
short position can cost several thousands.