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jumped the shark in 1999/2000, when they started to go from being small, and profitable, and successful, to lots o' commercials on tv.
in the meantime - they overworked their techies, so the good ones left. those that stayed were clueless, not knowing a traceroute (for example).
the system (watley's) started being down for unusual amounts of time with alarming frequency. their short list wouldn't be ready sometimes til 10 in the morning -blaming it on penson, though other brokers who used penson could get the list up much earlier.
i left, and never looked back. they called a year later and offered me the chance to come back, at much reduced commissions (from before, or my current broker). i declined, because i couldn't trust them.
if you want to see more stuff, go to the yahoo msg boards for ABWGE. yup, it trades on the pink sheets...the filings have been delinquent (and that's putting it kindly). |