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: Morpher who wrote (11748)	4/27/1999 10:14:00 AM
From: Spots	Read Replies (2) of 16892

The volume pressure must be getting to them. I just got the Email below from Datek. Understand that my account has been at zero assets, zero balance for months. Naturally requests to close it have been ignored, just like all requests to Datek. It does, however, partially answer a question I've been asking for years, which is: "What is the value of 0/0?". Now we have an important clue. It's "approaching 30%" <ggg>. Presumably approaching from above, otherwise they would have "taken action" to correct it. Sold half of those zero assets, or some such <GGG>. Dear Mr. <spots> This is to inform you that your equity-to-account value ratio is approaching 30%. If this ratio falls below 30%, you will have three business days to either make a payment or sell some of your portfolio. However, Datek Online reserves the right to take action at ANY time if market conditions warrant. Your current margin ratio is: 0.0% If you have any questions, please call us at (732) 744-8800 or email us at margin@datek.com.

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