The best executions and results with the smallest spreads are going to the marketplace that brings together the most significant buyers and sellers. A collaboration between technology and human wisdom from our research dept. I abhor those who take broker ideas from one place and place orders with a online broker. That to me is theft. But I also think that the online pressure on commissions benefits all traders and investors.
Many investors understand the difference between the good, the bad and the ugly.
There has been evidence that companies have had exaggerated moves in the marketplace with no significant news. These kinds of things show people have not necessarily done an effective job at checking out info and created crazy moves in the market. I have to credit the online traders, for recognizing these companies far earlier than anyone else. Now we have to come in at much higher levels, and my hat is off to them for spotting these trends ahead of many investment pros. We already offer it.