No overnight posisitions with Cybertrade Futures

Discussion in 'Retail Brokers' started by lobsterman, Aug 5, 2003.

  1. Only one word.

    Pathetic
     
    #11     Aug 6, 2003
  2. I predict they dry up and blow away.
     
    #12     Aug 6, 2003
  3. cyberdust
     
    #13     Aug 6, 2003
  4. Ebo

    Ebo

    SCH is not going anywhere.
    I agree Cyber is about 2 years late on there E mini venture.
    For less active swing traders, guys that trade 10-20 X a month they are perfect. Their $249 PRO platform fee is a bit steep.
     
    #14     Aug 6, 2003
  5. Nordic

    Nordic

    Hee Hee, Even Chuck knows it's time to bail.:D


    Related Company News


    Charles Schwab Sells 2.6 Million More Company Shares (Correct)
    August 5, 2003 17:11 EDT -- Charles Schwab, who resigned three months ago as co-chief executive officer of the discount brokerage he founded, sold 2.6 million shares in the company for $26.2 million in the past week.
     
    #15     Aug 6, 2003
  6. How do you swing, if they close your "unintentional open positions" at 3:05 PM CST. sch has invented Swung Trading!!! sch is "not going anywhere," is the truth!

    Lobster:D
     
    #16     Aug 6, 2003

  7. DITTO!


    How these guys remain in business is a million dollar Q.

    Ice
    :cool:


    b.t.w like your new signature/slogan, bro
     
    #17     Aug 6, 2003
  8. It's all a matter of sales. SCH has tons of phone retail brokerage
    customers they can hand over to CYBER.
    Anyway, CYBER sucks.
     
    #18     Aug 6, 2003
  9. Doesn' t make the money, everything else does. Just from what I have read here, it sounds like Charlie is bailing becuase yes he does see the writing on the wall. And I am pretty sure he doesn't have the patience to deal with traders and the whole business. He made a lot of money as his edge was one of the first discount brokerages. The acquisition of cybertrader, as evidence by their high fees and lame overnight policy, is certianly no "edge."
     
    #19     Aug 6, 2003