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Author: DrTarr Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 35400  
Subject: Re: Selling Munis Date: 11/26/2009 8:47 PM
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Lets see, Charlie gave you the resources to check T&S. In a discount brokerage account you can easily watch the prices, and BlackTree gave a rec. for the folks at ZIONS (which personally I like - but in full disclosure I dont have a personal account there) If you get a price you want - yes sell - but I would like to caution one bit of info

if you can sell the bonds at what you feel is a reasonable price, it really doesn't matter how much the broker is able to make by marking up your specific bonds. You got what you wanted, so what he manages to make after that is mostly irrelevant.

IMHO - it is not "mostly irrelevant" if you are not a sophisticated investor - meaning YOU have a fairly good knowledge of the market, the instrument and the trade. Which in your case you may not have. In that case, it is certainly very relevant - it is the point!

I am certainly not saying your broker took advantage of you. I dont have enough info to make that call. Definitely sounds like a discussion w/ the broker is on order. Not only about the last trades - but ask him what you can do to improve YOUR execution.

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