ditto! any unsubstantiated reports about "the
next big play" are highly suspect. let's keep this on
the level of useful information and educated
living in the community where RJF makes its
home, i have followed it for years and tom james - now
only in his mid 50s - is still a star, not a dinosaur.
well respected firm; good common sense moves have
resulted in solid growth.
I am interested in why you think RJF will or will
not be able to succeed in the online arena. If you
are interested in sharing your opinions publicly,
please reply directly to me and include your real name
and the city where you live. Thanks!
Huntley, St. Petersburg Times
Online brokers present a real threat to the full
The full service firms are going to
have to justify their higher commission levels by
differentiating themselves from the online brokers in ways like
superior service or specialized products. With ML's
purchase of Shaw, they may have proved your point and
sounded the warning bell for those firms that don't have
online trading capabilities.
I believe every Stock Broker will have to go
online in order to stay in business, because customers
will demand it. The business model will have to
change, commissions will be lower. Even IPO's will be
available online. How will any Broker be able to charge for
advice? A customer will get advice from his full service
Broker, and if he decides to buy the stock, simply uses a
discount broker to avoid the high commission. This is why
RJF's stock price is so low now. I am long RJF, but the
Internet is turning this business upside down. The
Internet will bring lower prices for consumers for
everything. It will raise the standard of living, because
consumers will be able to buy more at lower prices.
I want to know if they are going to have a
different level of trade pricing for the trades I would
make from my account over the WEB versus the trades
that would be initiated by my broker?
wouldnt mind having an account that offered that type of
deal- if my broker comes up with the research and
timing and we snare a good trade I would pay for the
service. How about when I went to sell that stock based on
my own timing and research - would the trade cost be
low or at a full service level?
Or are they
going to set up two different levels of accounts and
proportionate trade costs. Or does the statement - "not going
to compete with the discount brokers" (if that is
the statement of TJ) mean you get online trading at
Hey IU - notice that the volume of
posters is proportionate to stock volume?
Yes the volume of posters rises with the volume
For RJF this is a good thing because
the stock is somewhat undervalued on
Now with the introduction of on-line trading to it's
clients this will strengthen those fundamentals to create
The on-line service which'll arise
will have to be competitive. Some of the staid
thinkers may have their set notions on how to deploy
on-line trading, but once caught in the whirl of reality
those notions may be swept away.
RJF is perfect
for offering on-line trading with added-value. A
respectable research department, and extra services ranging
from banking to trusts. It should highlight and
complement their existing services.
It may not be the
stripped down basics many of us use, but there are many
others who'll find it convenient and tailored to their