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Non-Tech : Datek Brokerage $9.95 a trade -- Ignore unavailable to you. Want to Upgrade?

To: ypz who wrote (5969)	11/17/1997 2:46:00 AM
From: Mike	Respond to of 16892

ypz, I'm not sure what Island is designed to do, but I can tell you what has happened to my orders on Island. I once had a limit order to sell entered on island and at the time I entered it the price was between the spread. However, within a few minutes the bid moved up to my limit order and sat there for over 2 minutes, but no fill. The bid then moved up higher than my order to sell if only for a few seconds. Still, no fill. The bid moved back down through my order, and my order was never filled. Granted this was a fast moving stock and all this movement happened over a 10 minute period. However, island seems to lag with fast moving stocks and my limit order was not given proper representation. When I called Datek, they told me that they could not guarantee me a fill. No kidding. Mike.