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

To: Woz who wrote (7938)	4/17/1998 8:44:00 AM
From: CynicalTruth	Respond to of 16892

OK, answer this... Limit order for 500 shares of a thinly traded stock at the ask. Datek executes the order, partial and gives you 9 shares at ask. That transaction bumps the ask up .25 which is probably low for a thin V stock. Your order sits there the rest of the day without being executed while the stock continues up. Now you are telling me the a market order will "give away precious fractions" but what I see is 9 shares of stock which cost 9.99 in commissions. If that stock is under $10, it's going to have to do a major increase for you to just break even. If you're daytrading like you imply, I seriously doubt that you are shooting for stocks that increase 30 or 40 % in the daytrading session. Most daytraders I know shoot for .125 to .25 or so. Sorry "Woz" but I've used Datek too long to put my capital at risk in a thinly traded stock and try to get excellent prices at a limit order... Once bitten, twice shy... Regards and good luck. John