Silicon Investor (SI) -- The First Internet Community

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 -- Ignore unavailable to you. Want to Upgrade?

To: Sir Francis Drake who wrote (12687)	7/13/1999 4:05:00 PM
From: EK	Read Replies (2) \| Respond to of 16892

Total booked losses due to Datek's inability to execute my trades for today, $1295. Of course I had to lose the trading day as well -- That is another matter. Trades at $9.99? Not so. About 10:45 they were up and running. I exited all trades by 3:30. On July 7, I entered a sell 2000 of CNS around 3:55 -- "server not available". The stock gapped down the next morning and I am a stuckholder with a paper loss of $14,000 on 2000 shares. I have been with Datek for over 3 years. When they are humming, they are great-- but the losses when they miss far outweigh any benefits. I am finally throwing the towel in and exiting. Free trades do not make up the losses I have sustained. It is hard enough to swim in this choppy market-- but to fight the riptide of Datek's mistakes as well, is just too overwhelming for me.

To: Sir Francis Drake who wrote (12687)	7/13/1999 6:52:00 PM
From: henry jakala	Respond to of 16892

i've seen the same effect on slow moving stocks as well those infamous ghost orders getting placed just ahead of yours i suppose it could be another MM screwing with you just because they hate island gotta love nasdaq - the scam for the next 100 yrs