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

To: Rubber Man who wrote (6693)2/6/1998 6:16:00 PM
From: RealMuLan  Read Replies (1) | Respond to of 16892
 
Rubber man: if you use margin to short, I don't think Datek gives you the interest on that amount of margin, even if they are appeared as "real cash balance".



To: Rubber Man who wrote (6693)3/3/1998 3:37:00 PM
From: RealMuLan  Read Replies (1) | Respond to of 16892
 
Rubberman: I hope you know by now that Datek not only does not pay you interest on short (I mean the margin part), they start to charge you 7% interest on your short if you use the margin. This is just unbelievable. I am shocked by this now that I find out. They said they started to do this since last Oct.?


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