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: BradC who wrote (10235)	11/11/1998 11:03:00 PM
From: Zog	Read Replies (3) of 16892

Even without the "silly fast" (I bet Peter regrets ever having said that) execution I sometimes get with Datek, there are essentially two reasons why I continue to stay with Datek: 1) the real-time updating of the account balance, especially the ability to sell an overnight long position, for example, and use the full margin amount to short the same stock. Believe it or not, a lot of brokers, such as MBTrading, will not free up any margin from an overnight position to take the opposite position on the same stock! And, 2) the ability to short nearly any stock (and without having to wait for someone to track down the shares or check against a do not short list). If any broker can give me these two, plus quick execution, I would switch in a second. Michael

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