Posted by 2 June 2004

Schwab’s Ridiculously High Commissions

Yesterday MaoXian took a look at the financials of several brokerages. He noted Schwab’s amazing average of $37.59 per trade: Charles Schwab reported 178,000 daily average revenue trades in Q1 (62 trading days) with average revenue earned per revenue trade of $37.59 (Yow!). 89% of total trades were placed online, by the way. A couple [...]

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Posted by 2 June 2004

Path of Least Resistance

For the third day in a row we had a very choppy trading session. The market seems to be testing both the bulls and bears to see who will ‘give’ here. The NASDAQ has found support at its 50-day moving average twice in the last three days. So it’s starting look like that may be [...]

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