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

To: RealMuLan who wrote (7545)3/25/1998 3:17:00 PM
From: clochard  Respond to of 16892
 
Datek has never dealt with a full deck. You have to understand the limitations and either put up or find a better deal. If I were trading a high dollar portfolio I would go with A.B.Whatley and pay a higher commission, but for my small portfolio, Datek fits ok.



To: RealMuLan who wrote (7545)3/25/1998 3:32:00 PM
From: peter michaelson  Read Replies (1) | Respond to of 16892
 
Yiwu:

Thanks for the reply. I can't quite understand where they are charging 7% on shorts. Perhaps it's because my net cash position was positive each day, even after subtracting the value of shorts. I'll do it again for my January statement, wherein I have a margin interest charge.

Can you take me through your calculation slowly. I really want to get this question nailed down.

thanks, peter


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