Txt 'n' trade

This is a post for my mate Josh, and anyone else who is an avid dabbler in the share market. For the first time Aussies are going to be able to buy and sell shares via SMS through a company called Bell Direct. Some clients have already submitted “Buy” and “Sell” orders via their mobile phone, in a process that the company describes as being very straight forward. According to Bell Direct director and chief operating officer Lee Muco, the service involves using a simple sequence of "buy" or "sell", followed by the quantity, stock code, price and a security PIN number.

MyTake – I hear friends talking all the time about new info they have on the share market, but they don’t always have the opportunity to do anything about it. The phone is just an interface, the same as your PC – you just need to trust. The fact is, you could be having a beer with some mates and make a tidy profit from a couple of tips you pick up before you’ve ordered your second.