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Non-Tech : Web Street Securities (WEBS) -- Ignore unavailable to you. Want to Upgrade?

To: Fred Puppet who wrote (96)	11/21/1997 10:32:00 AM
From: Esteban	Read Replies (1) \| Respond to of 1339

Fred, You must select the short account (not margin or cash) to avoid error messages on order entry. I recently found out that they have to call US Clearing before they can place any short sales, which takes about a minute. I have shorted succesfully and seamlessly with Web St., but after hearing about the phone call, I've decided to short with Datek if I'm in a hurry. Web Street is planning to become their own clearing firm in the next few months. I believe this would allow them to streamline things to the point where they become both the fastest and cheapest broker on the net. Esteban

To: Fred Puppet who wrote (96)	11/24/1997 9:44:00 AM
From: Fred Puppet	Read Replies (3) \| Respond to of 1339

[ WebStreet 1, NDB 2 ] In my trial evaluation of WebStreet, I am duplicating orders placed at NDB, and comparing execution. Today I wanted to short 6,000 LIPO at 6 3/8, so I split the order evenly between WebStreet and NDB. I placed both orders at 9:25. By 9:31 and a few seconds, both Web pages confirmed a fill. However, the WebStreet "Order Status" window does not show a fill price. The positions window does not yet show the position. I called WebStreet and asked someone how I can use their Web page to find the fill price. The guy admitted that he doesn't use WebStreet software, so he doesn't know how I can check. Both NDB and WebStreet filled me at 6 17/31, the low for the day so far. Score 1 point each for both brokers. However, NDB charged me $28, and WebStreet charged me $0. After the fills, I placed orders to cover. I notice that the WebStreet "Order Status" page window shows my order, but does not show the limit price. Are we supposed to keep track of that ourselves?