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: Dave Hanson who wrote (10282)	11/15/1998 10:55:00 PM
From: Esteban	Read Replies (2) of 16892

Boy, that uptick rule sure does get in the way of a good trade sometimes, doesn't it? More than sometimes in my experience. Datek won't pursue those cases were a fill was warranted either, if it's a short sale. I guess you could hold a stock both short and long to equal a flat position, then sell your long position to go short. This would tie up a lot of capital if you are flat for long periods, but if you trade the same issue from the short side on a daily basis, this would allow you to jump in and out of the short position without jeapordizing your ability to reenter because of an uptick. Since Datek doesn't have a way to differentiate between buy and a cover buy, you'd have to use a different broker. Any other ideas?

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