Get Into the Green on "Black Monday" Free Stock Trades.SAN FRANCISCO--(BUSINESS WIRE)--Oct. 9, 1998--Mr. Stock, Inc., located at www.mrstock.com will offer free stock trades on Oct. 19, 1998 to any and all traders who have a Mr. Stock account. On Monday, Oct. 19, 1987, the stock market plummeted 508 points; Mr. Stock looks at this promotion as an opportunity for traders to think differently about Black Monday Black Monday, Oct. 19, 1987, in U.S. history, day of financial panic. The Dow Jones Average fell 508.32 points, a drop of 22.6%, the largest since 1914. The point decline as well as the volume, 604.33 million shares, exceeded previous records. . "Some investors are superstitious," says Brent Houston, managing director for Mr. Stock. "So we're excited about opening our site to free internet stock Internet stock The equity security of a company engaged primarily in a business associated with the Internet. Also called dot-com. orders all day long. As far as I know, no other brokerage firm has ever done this type of promotion." This free trading day In Business, the trading day is the time span that a particular stock exchange is open. For example, the New York Stock Exchange is, as of 2006, open from 09:30AM to 4:00PM. Trading days never take place on weekends. will last during market hours and will apply to internet stock orders only. Traders on Mr. Stock's website usually pay a commission fee of $14.95 up to 5,000 shares. On this day, traders will still be able to execute trades up to 5,000 shares, but will not have to pay the $14.95 fee. The charge for broker-assisted calls will remain the same at $19.95 up to 5,000 shares. A full-service site, Mr. Stock is attracting investors of all levels by offering fast, reliable and inexpensive stock, option and mutual fund execution through Mr. Stock, previously available only to professional traders. Founded in 1993, the company launched its online division less than one year ago. Mr. Stock offers the following trading accounts: Individual, Joint, Custodian of a Minor Account, Trust, Estate, Conservatorship Conservatorship A circumstance in which the court declares an individual unable to take care of legal matters and appoints another individual, known as a conservator, to do so. Notes: This is sometimes referred to as "LPS Conservatorship. , Sole Proprietorship A form of business in which one person owns all the assets of the business, in contrast to a partnership or a corporation. A person who does business for himself is engaged in the operation of a sole proprietorship. , Corporate, Partnership and Investment Club. Mr. Stock offers more than 1,500 mutual funds (load and no-load). Please refer to www.mrstock.com for a complete listing of mutual funds offered by Mr. Stock. The minimum deposit required to open an account is $2,000. For more information or to open an account, please visit Mr. Stock's website at www.mrstock.com. Mr. Stock is a member of NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). , and each account is protected up to $100 million -- SIPC (Simply Interactive PC) An earlier umbrella term from Microsoft and Intel for a PC that works like a home appliance. For example, it has a sealed case, uses external connectors for expansion and boots in just a couple of seconds. provides up to $500,000 and the remaining $99.5 million is covered by Aetna Casualty and Surety Company. Note to Editors: Black & white photos and color slides are available upon request. |
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