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Non-Tech : Datek Brokerage $9.95 a trade

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To: Dennis Lee (Hijacked) who wrote (7217)3/6/1998 1:55:00 AM
From: MStonek  Read Replies (2) of 16892
 
<<

another bad experience with datek. It cost me thousands today. I knew datek would be
down this morning so i placed my sell order overnight. But this didn't help. My order
wasn't executed until 30 minutes after open. The price I got is 10% less than the open
price.>>

Same happened to me. A market order placed before the open wasn't executed until 9:55. No commission, big deal. I lost some money, but the way I see it, the stock could've moved in the opposite direction and I would've made money instead with the late execution ...

With the news coming from MOT and COMS expect another crazy market day Friday, and probably slow or no executions from Datek before 10 am. At least, we know what to expect ...

Good luck. Mike.
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