MaoXian.com -- Archive > October 8, 2004

Have a pleasant weekend, guys.

Posted October 8, 2004 at 16:30, GMT

Keep an Eye on WIND

I may have a lunch date this afternoon (they tend to turn into drinking dates that last many hours), so I may not be around to post the Early Movers, sorry.

The coil scanner picked up WIND. Wind River Systems recently reached above $13 which was an old swing high. If it breaks back down through there, it could set up a play, assuming the broad tone is poor. Keep an eye on it.

WIND, 30-min. Chart

Posted October 8, 2004 at 7:45, GMT

Penny Per Share

Stock trading fees could fall further, by Nick Olivari:

"With Ameritrade and Scottrade already offering flat fees irrespective of a client's activity, analysts said the fee structure forces companies like Schwab to change over time."

Eventually everyone will charge a penny a share.

Posted October 8, 2004 at 7:35, GMT

Schwab Needs To Fire More Middle Managers

Schwab's Fees: Still Too Byzantine, by Amey Stone:

"... the real problem is Schwab's hopelessly complex account structure. Last February it rolled out 'Personal Choice,' which segmented its core customer base into those who want advice and those who don't. These subgroups were then divided into those who want basic or premium service. (Schwab has still other types of accounts for active traders and high net-worth individuals who want lots of handholding.) During an Oct. 5 lunch with reporters, CEO Charles Schwab admitted that even he has trouble keeping the various kinds of accounts straight."

Sad, isn't it?

Posted October 8, 2004 at 7:25, GMT

Unusual Suspects

You can find yesterday's Unusual Suspects on the Unusual Suspects page. I've also started to post a screenshot called "Notable New Highs & Lows" that you may find useful.

Posted October 8, 2004 at 7:15, GMT

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