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Non-Tech : Datek Brokerage $9.95 a trade
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To: David Kuspa who wrote (5954)11/16/1997 6:29:00 PM
From: nick nelson  Read Replies (1) of 16892
 
A)
If I hold 5000 XYZ short, and I buy 10,000 XYZ long, going from 5000 short to
5000 long in one trade of 10,000 shares:

1) Is the commission (2 x $9.99?)
2) Are both buys done at EXACTLY the same price?

B)
Does Datek allow 'sell-against-the-box' on shares under $5.00?

Example:
1) Holding 5000 shares long of a $1.00 stock and 'SAB' the same stock for
5000 shares at, say $0.75 short?
2) When this great winner<ggg> pegs at $0.25 cents, do a swap(A- above),
ending up with 10,000 shares of XYZ long, averaged down with a profit?

??

Thanks
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