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

To: GR who wrote (7224)	3/6/1998 12:39:00 AM
From: shasta23	Read Replies (1) \| Respond to of 16892

Hello to everybody! I have a question regarding sell stop limit orders at DATEK. I have a stock that unfortunately has sometimes a huge spread of like 1 fullpoint. Right now bid is 32 5/8 and ask 33 3/4(i know it's bad but sometimes this spread shrinks dramatically to normal sizes/that's where i bought it).Question is if i can put in a sell stop triggered at e.g.31 7/8 (price field in the middle of order screen) but put a stop limit at 32 5/8 to sell closer to the ask.I don't want that the yerk of MM lowers the price to make a full point spread on my costs. Has somebody experimented with this kind of stuff? ANy help would be really appreciated. Thanks in advance! Stefan

To: GR who wrote (7224)	3/6/1998 12:49:00 AM
From: jtsaratoga	Read Replies (2) \| Respond to of 16892

Datek customers beware... When a stock is temporarily halted pending news, your active orders are to be canceled by Datek. I had SEBL the other days when they announced merger with SCOP. I had limit order to sell but was mysteriously canceled and without any confirmation about the cancellation. When it started trading, I found out my order wasn't there but it was too late. A winning trade turned into a big loss and Datek wanted me to eat the loss myself. A complaint to NASD has been filed. Has anyone one had this situation? Any pointer will be greatly appreciated.