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

To: Zog who wrote (8108)	4/23/1998 10:10:00 PM
From: Mark Flegm	Respond to of 16892

To All, Be sure and check out our new thread "The Polar Trader." We offer state of the art order routing through a remote based product. Instant confirmation of trades and great customer service. Hope to hear form everyone soon, Mark Flegm

To: Zog who wrote (8108)	4/23/1998 10:11:00 PM
From: Mack	Respond to of 16892

Michael, sounds like MB Trading will fit your bill PERFECTLY. DOWNTOWN :)

To: Zog who wrote (8108)	4/23/1998 10:51:00 PM
From: jawd	Read Replies (1) \| Respond to of 16892

Well, Michael, I spent many nights on the internet searching out the different online brokers and I've settled on MB Trading for the following reasons: 1. They give price breaks retroactive to the number of trades per month. this shows they appreciate your business, whethers it one trade or a hundred. Prices from $18.95 to $22.95. 2. This price is for up to 2,000 stocks which is the cheapest of all the "level-II" brokers. i.e. Brokers who provide a proper level-II trading application package (as opposed to browser/web pages). Over 2,000 shares you pay one cent per extra share. So, 3,000 would cost say $18.95 + $10 thats about 33% less than the other firms who want $45 for a 3,000 trade. 3. If you do 50 trades a month you get the RealTick III software for FREE including ALL exchange fees and realtime charts! - it is very popular software used by countless brokerages and for FREE who can complain? If you do less than 50/month you pay $100 or less than 20/month you pay $300. 4. The software gives you a choice of routing through FOUR ECN's - SOES, SelectNet, Instinet (INCA +1 cent/share), Island (ISLD), Archipelago (TNTO) (ARCA) and Bloomberg (BTRD +1.5 cents/share). i.e. If Island dies - you've got choices. 5. If the internet craps out on you regularly - they offer a Private Virtual Network solution for $197.50 / month which is a private UUNET network. 6. I've heard nothing but good reports on them and in talking to them I get the sense of my business being appreciated. More maturity, less hustle. Tomorrow, I'm transferring my Datek account too. I want to do some serious professional trading and frankly Datek are proving to be a total joke. They are definately NOT the Amazon of online brokers by a long shot. MB Contact info: Phone 1-888-790-4800 mbtrading.com I don't work for them - just sharing my extensive research. If anyone finds a better outfit/deal for day trading then please let us all know. All the best

To: Zog who wrote (8108)	4/24/1998 3:38:00 AM
From: Mama Bear	Read Replies (1) \| Respond to of 16892

>>>I've done time w/ Ameritrade (horrible), and it sure sounds that Waterhouse does not want you to short stock (you have to tell them that you did a cover buy!)<<< Hey! Waterhouse finally put a "buy to cover" option on their order page. It still takes minutes to check availability on a short, even for the most liquid of issues. You can't blame them for wanting to make sure they have thinly traded stocks such as INTC and DELL available to borrow, can you? Someone wanted to hear a Datek feel good story. Well, I was able to short PNDA and MARG since I've moved my funds there, and hope I'll be doing a little KTEL tomorrow. No way I would have gotten the first two, and couldn't even have any hope for the third at Waterhouse. Still, the delay this morning "cost" me money, because I wanted to short even more MARG when it was above 15. The price was down to 13 by the time I was able to get executed. I must admit that I chose Datek over MB Trading because of the "higher" commissions at MB. Well, if I average the "loss" from this morning into my trades for the last month, Datek is suddenly 10/trade more expensive, and I'm paying for Level II on top of it. I think MB Trading is my next stop. Barb