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


To: Jon Tara who wrote (6271)12/19/1997 4:30:00 PM
From: Jon Tara  Respond to of 16892
 
Nice woman on phone (yes, you heard that - I actually hit the one polite Datek rep...) assured me that my order would not be held-over till Monday. Explained that there must not have been an uptick while my orders were active. Did not explain how it is that the bid traded right through my price to the upside in at least one case without an uptick.

That is, I placed an order to sell at 85, with the bid at 85. Subsequently, the bid was 85 1/4, with my order still active.

No fill.



To: Jon Tara who wrote (6271)12/23/1997 3:04:00 PM
From: Jon Tara  Read Replies (2) | Respond to of 16892
 
Has anyone here EVER managed to get short an NYSE stock on Datek? (or, AOL in particular?) If so, what kind of gyrations did you have to go through?

Here is what is happening: I place the order, on an uptick. I have tried both limit and market orders. The order is accepted and then shows up as an open order. Yet I see that the offer is higher than my limit price! (When I use a limit.)

Can I use the fact that my order is not represented to assume that it was not actually accepted, and then cancel the order? (Since it will NEVER fill, right?)