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


To: B.K. Ohneis who wrote (7267)3/8/1998 2:59:00 AM
From: Jon Tara  Read Replies (1) | Respond to of 16892
 
I think that the new Datek equity calculation is entirely proper.

Your equity is the amount that you would receive if you sold your portfolio immediately. Thus, the bid for longs, the offer for shorts.

I strongly suspect that the NASD and SEC would agree with Datek's calculation. Sorry.