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Non-Tech : Web Street Securities (WEBS)
WEBS 19.68-2.5%Dec 2 4:00 PM EST

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To: Fred Puppet who wrote (96)11/21/1997 10:32:00 AM
From: Esteban  Read Replies (1) of 1339
 
Fred,

You must select the short account (not margin or cash) to avoid error messages on order entry. I recently found out that they have to call US Clearing before they can place any short sales, which takes about a minute. I have shorted succesfully and seamlessly with Web St., but after hearing about the phone call, I've decided to short with Datek if I'm in a hurry.

Web Street is planning to become their own clearing firm in the next few months. I believe this would allow them to streamline things to the point where they become both the fastest and cheapest broker on the net.

Esteban
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