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: Peter Stern who wrote (8931)	7/13/1998 12:10:00 PM
From: Rene Madsen	Read Replies (1) of 16892

Hey, it's me again, having another problem with Datek (if you don't want to read it, just press the "next" key.) Today at 10:18 I put in a Sell Stop Market for 5000 EGGS at 26 7/8 at 11:07 EGGS went through that at 11:17 EGGS were now trading at 26 1/4 and MY ORDER WAS STILL "STOP MARKET - DAY", i.e. still hadn't even been activated. (just to avoid any misunderstandings: I know if it was activated it wouldn't automatically fill immidiately. The problem was not one of FILLING but one of ACTIVATING.) How can this happen? Eventually I cancelled the order, and resubmitted it and eventually got stopped out, not at 26 7/8 but at around 25 1/2. Loss: around $7000.

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