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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Dan Clark who wrote (8219)	5/4/2000 8:38:00 PM
From: Mark Davis	Read Replies (2) \| Respond to of 18137

Hmm, your interpretation of Cyber's 5 minute rule seems generous. Maybe their explanation is lacking, since you seem to have benefitted from it. From what they have posted, it seems they will only charge one commission IF the ORIGINAL single order is filled over a 5 minute period. Posting 5 separate 100 share orders for one commission does not seem to be included. What's the real story here ;).

To: Dan Clark who wrote (8219)	5/5/2000 12:16:00 AM
From: Dustin	Read Replies (2) \| Respond to of 18137

Dan, I have used Cyber for about a year now and believe your interpretation of the 5 minute rule is wrong. You can not place seperate orders within the five minutes. The 5 minute rule means that when you get a partial fill you can let your order sit there, and if the rest gets filled within five minutes there is no extra commission. If you get 200 out of 400 filled, cancel the order, and place a new order then you will get charged twice. Sorry if this has already been posted, I admit to not reading all posts on the thread.