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: TA2K who wrote (7108)	3/3/1998 8:42:00 AM
From: nab	Read Replies (2) of 16892

Yes, order processing delays... I've just cashed-out my Datek account due to similar SLOW order processing. I have become a more active trader and when a stock is moving will jump in and buy, then try to sell after 1/4 to 1/2 point gain. The last 6-7 times that I've executed the Datek system cost me at least 3/8 points going in and the same thing coming out. In most cases I made only 1/16 (or break-ever, or worse) when I should have been bringing back 1/2 to 7/8 points on each trade. It stinks! Was never like this when I first started a couple of months ago... Also, with all of the money to be made (lately) in Penny stocks I can't see just sitting here with my hands in my pockets. It's just too frustrating. I will keep watching Datek and if/when they remedy their slow executions and also add online purchase for Penny stocks then I will give them another try, and/or recommend them to my associates. Sorry to bash, but do want to share my thoughts on these issues. bye, NB

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