I think this correction is over. If rumors about
BRK being put in s/p 500 are true it should give a
boost to the stock. At any rate, there's too many
bears, too much short interest, for it to fall much
Wow, that was a horror story. I feel exactly as
you do about the cheaper brokers. They would scare
me, so I guess Schwab is the lesser of the evils if
we want to trade. I do hope the market is good
today. I am off work and will be watching closly. This
week was torture for two days. My cpq and wcom are
looking good. I am buying a few more BRK B's soon if this
slide continues. Have a good day,
Yeah, I almost got dicked by Schwab too.
placed a short order, then later cancelled it. Going
through my status page a hour later, I find my short
order executed! I call Schwab and the guy I spoke with
told me that was the risk I had to take trading
through the web. Whoa!!!! What an answer!
He said I
can dispute it, so I asked him to enter a claim. I
also closed (buy) my short immediately afterwards per
his advice. A week later, I notice that my claim was
'resolved'. They literally wiped out all record of my short
order. But the buyback to cover my short was not
deleted, which meant that now I owned that stock! So I
call up again and log a second complaint...
The scary part was when I called the second time. I
spoke with a very nice lady working in Pheonix. She
gave me her name, her extension, and read the original
complaint back to me from her terminal. She even gave me
the name of the person who initally logged my first
The Chairmans Division (real fancy name wouldn't you
say??) handled the matter for me. But, --now get this--
they ask me for names! And I gave them names and
extensions. They call me back a few days later and tell me
there are no such persons working at Schwab by that
name! The very nice girl, the original person that I
talked with, the extension numbers, and even the first
complaint (that the girl in Pheonix read back to me
later!!) was not in their computer anymore!!! Do you know
how I felt after that? I felt like they just bent me
over while greasing up a baseball bat!!
days later, the guy at the chairman's division called
me up and told me that they could not locate the
tape or any other proof, but since the issue has been
dragging on, they will give me the benefit of the doubt
and credit my account. Bull Shit!!... is all I can
say. Somebody was trying to cover up a fuck
Anyway, I got really worked up.... and as you can tell, I
am getting worked up just thinking about my
I think if I ran into something similar with one of
these smaller, less reputable places, I probably would
not have had a favorable judgement... That's why, I'm
still at Schwab, even though I can make trades for 1/6
Just like last summer, a little opportunity here
it catches it second wind, need a little setback to
feel good when you buy right. I top ticked
a few, so I can
now average down a few shares.
Anyhow to finish with I first bought BRKA ,
whenever, at $24,000. Cost me $350 or so to buy and it was
my idea. The broker at Edwards Jones could not
execute for 5 hours, kept calling me back, said he was
trying to get instructions. Cost more than $490 to sell
that first share. That is the price we pay for being
in an elite group. ha ha.
Hi, yes Scwab did pull a # on me. I don't have
much time now, but ask any questions and I will get
back to you tomorrow. By the way, so did a full
service (Edward Jones & Co.) with their fee, and not
knowing how to buy this stock. I'll tell you that later.
Anyhow, before June 16, I decided I wanted to sell 1/2 of
one A. The price was going down and I had other uses.
I called Schwab to find out my options koowing I
wanted to sell soon, but not immediately, and (my
mistake- I did not get a name) but I knew exactly what
time I called, etc. The representative assured me they
could convert immediately, etc. Well on 6/16/97 I
watched our baby go down and thought it the day to sell
15 B's. Wrong. The guy said (and I did get his name)
someone steered me wrong. I had to sign some crap etc. I
knew the exact time I called, but of course they could
no trace the call. BS. I just said sell it all now.
I called that night and complained, and the next
day a rep called and still insisted that I had to
know the name of the indv. who originally supplied me
with the BS info. To make a long story short, after it
tanked a bit more I jsut bought back 15 B's. I didn't
pursue anything. Someone is home, have to go. Ask any
questions you want and I'll finish this later. Glad the
market is going up, but being a Berksherite now is not
so good. But look at our gain recently. We are
probably too high. Bye.
<<<An A can be traded for 30 B's but not
immediately. Not by Schwab anyhow. I found out the hard way.
Did Schwab pull a number on you? I would like to hear
what your experience was during the
this is a burp in the longest bull market in
history and an excellent opportunity to add to your
holdings. The boomers have been brainwashed into the
buy/hold mentality and this market is going nowhere but UP
for the next 15 years.
<<No-one wants to here a bunch of pompous
accountant wannabees bickering over some weird definition.
Napart said it
all, the web FUCKED us. WEB is no
humble good ol' boy looking out for shareholders, he's
an arch insurance fiend,
the Mr. Moriarity,
Sherlock's nemesis, of Wall St. SELL, SELL, SELL while you
have the chance. BEFORE it's too
<<No-one>> Who-is no-one? <<wants to here>>
Here, there, everywhere. Did you mean hear? <<a
bunch>> as in grapes or bananas? Did you mean to say a
group, or a flock, or a herd? <<of pompous>>
at least you spelled it right <<accountant
wannabees>> it beats guessing, but in all modesty, I don't
have the capacity to do real accounting
<<bickering over some weird definition>> Sorry, I'm not
following you at all here (or hear, as you may
<<Napart said it all>> Now here's something we can
agree on. He's working now on that "life is too long"
puzzle. Hint: drugs work. Good you've found yourself a
positive role model. <<This next part I won't even
repeat>> If you're long, this must be the new math. Unless
you bought just recently and didn't bother to read
WEB's repeated warning not to buy if you couldn't stand
to see your investment cut in half, short
<<he's an arch insurance fiend>> Like in the comic
<<SELL, SELL, SELL>> As they
say on the other boards (this board being a little
more sophisticated, generally) reveal your position.
Are you short? We have heard rumors of people with
enough guts to short this stock, and it certainly would
have been a profitable position the last few weeks. If
you are short, you're the first short to ever post on
this board, I think.
If you're long, why are
you advising others to sell while you hold
If you're not short or long, I think I understand.
You're just shooting off your mouth.
Have a nice