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 (10250)	11/12/1998 11:01:00 PM
From: Randall Thomas	Read Replies (1) of 16892

<<<the ability to short nearly any stock> This is another interesting thing about Datek. They seem to get very high marks for availability of shorts, but there have also been recent complaints about an increase of unexpected buy-ins.>> I have a theory on this. Datek appears to allow more shorts (i.e. presumed availability) than even Bear Stearns, Merrill, etc. This simply does not compute. I think they do not check actual borrowability until end of day/overnight. I simply do not believe they actually were able firmly verify borrowability and get more hard to find shares to borrow than major wirehouses. I think the only way you cannot short a stock on datek is when they have manually gone in and prohibited it (presumably it has come to their attention that there is none of a particular stock to borrow.) comments?

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