Datek Brokerage $9.95 a trade Message Board

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Non-Tech : Datek Brokerage $9.95 a trade

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To: TheKelster who wrote (13076)	8/25/1999 12:11:00 AM
From: JCinTC	Read Replies (2) of 16892

Learned an expensive lesson today. Was offering a stock out @9 3/32, 2MM's stepped in front @9, had another sell loaded on daslinger @8 15/16(my mental stop)ISLD & 3 MM's bidding @ 8 15/16. People started hitting their bid's taking them out, so I pull the trigger also(8 15/16). 10 sec. later bid gone & falling like a rock. Check daily activity to see my sell confirm & cancel my other sell. To my surprise the 8 15/16 sell order listed as invalid. Took me a few minutes to figure out what happened. The stock while being marginable was not available for shorting, so datek didn't accept my second order. Never had this happen before. Lesson learned. JC

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