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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: Shoot1st who wrote (24254)	11/6/1999 4:44:00 PM
From: stan s.	Read Replies (1) \| Respond to of 108040

Here's an article on some comparisons of brokers that someone was kind enough to PM me. It brings up an interesting point that I've copied below. sonic.net What about the availability of finding shares to short when the market turns, be it on the dips or for a more prolonged period? Maybe leaving a small account open for back up at a well known broker may be a viable choice. They happen to be discussing Datek here but that's beside the point. Short Selling: If you want to sell short, the feedback we get is that Datek is by far the best broker to use; MB Trading is a good (but not excellent) second. Remember that brokers have to be able to borrow stock for you to sell short, and most brokers do not have a large inventory of shortable stock. Datek appears to have the best supply. Read the report carefully on Datek, however, as feedback lately, especially from day traders, is that Datek's servers are too often down and/or unavailable. Also, Datek has a short-selling rule that is quite difficult to fathom: traders must issue short orders on an up-tick, or else the order will be cancelled! See the review of Datek below for more information on this rule.