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: Peter Stern who wrote (5418)	10/17/1997 6:40:00 PM
From: Morpher	of 16892

Peter or Jeffrey Citron, could you please comment on Vet's experience: Only yesterday it happened to me on a buy of FONR. The bid showed my price as it was on Island but the MM kept putting through trades at 1/16 and 1/32 lower than my bid which showed up as the last sale. He traded a considerable volume this way. This continued for about an hour until eventually he filled my buy when the price moved up significantly. When I first placed the buy my bid was equal to the ask, but he immediately pushed the ask up 1/32 to make sure that I was "inside" the spread...

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