How to deal with broker screwups (lessons I learned the hard way)

Add this to the list of certainties alongside death and taxes: if you trade long enough, you will have to deal with broker screwups. I had to resolve one recently with e*trade, where incompetent “customer service” representatives took three weeks to process a worthless short position in Global Online India (GOLX.PK), a stock I shorted [...]

TheStreet.com (TSCM) as a special situations play

TheStreet.com (TSCM) gets more than its share of negative coverage in the blogosphere. Henry Blodget calls it “the biggest single risk-factor at any one company since Martha Stewart Living Omnimedia.” Michael Panzner argues that Cramer’s fortunes may be turning. True, TSCM remains tied largely to Cramer. With an enterprise value of over five times revenue, [...]

The New Brokers

Like most of you, I trade through large, established online brokers (Ameritrade and e*trade) and direct access brokers (TradeStation and CyberTrader). I have noticed over the past few months that as the large online brokers consolidate, a new crop of upstart online brokers have emerged: Ameritrade iZone: Offering $5 trades (plus $.75 per options contract) [...]