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Non-Tech : Datek Brokerage $9.95 a trade

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To: Len who wrote (9189)7/20/1998 10:59:00 PM
From: gbh  Read Replies (1) of 16892
 
Len, here is log of my last 10-15 trades from Wed to Fri of last week. I did not trade today.

Sell 200 MSFT, 4:31, free trade, executed higher than bid at time of trade.
Buy 200 MSFT, 0:01
Buy 100 DELL, 0:04
Buy 300 DELL, 0:04
Sell 300 DELL, 0:01
Sell 200 DELL, 4:35, free trade, plus 5 free trades to cover loss.
Sell 400 ASND 0:03
Buy 200 DELL 0:05
Buy 400 ASND 0:02
Buy 200 DELL 0:01
Sell 200 CSCO 0:06
Buy 200 CSCO 0:06
Sell 400 ASND 0:05
Bought 400 ASND 5:39, free trade, plus 5 free trades to cover loss.

All orders were market orders. most buys between 9:45-10:30, most sells between 12:00-3:30.

Last free trade prior to these was 7/9. And prior to this was 6/24. I generally don't have problems with them "making good" on poorly executed trades. But I must admit, the most I've ever lost was $100 (1/4 point on a 400 share trade). I generally call any time a trade takes greater than 1 minute. Also, their markets orders are either very fast, or very slow, there's not much in between.
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