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Non-Tech : Datek Brokerage $9.95 a trade

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To: Spots who wrote (7993)4/21/1998 12:22:00 AM
From: peter michaelson  Read Replies (4) of 16892
 
Spots:

I'll decide for you. Datek's execution is the very best and their personal service is the very worst.

The cost of the few mistakes and inconveniences quantifies out, for me, at $5 per trade, making a total commission of $15 for excellent, immediate execution, availability of shorts, immediate portfolio updates et cetera.

It's a good deal. We just can't look for something from them that they have shown they will not provide - it's like asking my wife to speak logically.

Once, when I had a problem of monetary substance, I didn't even bother to phone, but sent off a certified letter, return receipt requested, and got an immediate response.

Don't ask them to talk to you, they are a humble robot. I'm not much of a talker myself, so I'm sympathetic to their dysfunction.

peter
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