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


To: Crabbe who wrote (7894)4/15/1998 5:45:00 PM
From: Woz  Read Replies (1) | Respond to of 16892
 
All or none?

Even if they had the option, I would not bother using it. On thinly traded stocks, especially one that is moving, a 1000 share order would never get filled in one transaction...so if you were to specify all or none, you would probably not get an execution most of the time.



To: Crabbe who wrote (7894)4/16/1998 9:19:00 AM
From: CynicalTruth  Respond to of 16892
 
Rod, Thanks for confirming that order flow is most important. I personally don't care about a 1/16 price improvement if it means I get a fill of 5 shares of a $5 stock while the rest of my order sits. In the long run I end up on the losing end especially if the ask gets bumped up and the 995 shares in the rest of my order never gets filled. Sure Datek put my "order" through in less than 2 minutes but it cost me $9.99 for 5 shares..... Now, how much do I have to sell those 5 shares for to break even?

John