Datek Brokerage $9.95 a trade Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Datek Brokerage $9.95 a trade

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: peter michaelson who wrote (9389)	8/6/1998 7:10:00 PM
From: rob jones	Read Replies (1) of 16892

Well I called my regular broker and they told me it wasnt marginable and therefore not shortable. Datek however took my sell order again at $20. I called datek ..they said it was shortable. Then I told them it was a new issue and so forth. Then they said it was not. I asked what would happen if i shorted it and he said its possible they'd reverse the trade. I was considering playing the hedge. That is short COOL and buy WCAP but if they can go "poof" and bust my trade later on I'm not interested. Still didnt get a definitive answer. i believe Datek just lets you short most anything as long as you've got equity. Not sure how they can when others cant however. Peter...are you playing the WCAP hedge or just think COOL is overvalued ? I figure its worth $5-7 a share anyway. I need to call for a prospectus.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next