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

To: Mike who wrote (6190)	12/6/1997 9:29:00 AM
From: Larry Voyles	Read Replies (1) \| Respond to of 16892

>>The bottom line is that Datek's interests conflict with the interest of their customers. Welcome to the wonderful world of brokerages. Datek doesn't seem to be anywhere near as bad as most of the huge firms. Those guys will trade against their own customers, especially if they are market makers. A large brokerage usually knows who owns particular stocks and where most of the shares are sitting. This can make the big houses particularly devastating against short positions in thinly-traded stocks. Reason #14 why shorting is best left to professional traders.