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

To: Len who wrote (7861)	4/14/1998 10:54:00 PM
From: Mama Bear	Read Replies (1) \| Respond to of 16892

The new rules are in effect for all Nasdaq stocks. If you offer to sell at the ask all NASD brokers will represent you at the ask, I have done so with Waterhouse on dozens of occasions. I have done it with itty bitty FIBR, which I shorted at 5 on a day when the bid was never 5, but I sold it at the ask. I have level II quotes, so I have seen my order pop up on the screen. I don't know how they pay for order flow when I say sell at 16 1/2 and that's the ask. I once spent a day doing nothing but buying 2k NOVL at the bid and selling immediately upon confirmation at the ask.Waterhouse executions are by far the fastest I've seen, much faster than Datek. The problem daytrading there is their incessant reg t calls, and that they drop your orders through to a broker after a certain # of orders entered during the day, including cancels. I don't use all or none orders, so that has nothing to do with it. Thanks for answering the question. Barb