Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Edward J. Edwards, III who wrote (8157)	4/24/1998 7:44:00 PM
From: Risberg	Read Replies (1) \| Respond to of 16892

Edward, if Datek really makes good on all sell orders that received confirmations (appearing only later), I would be impressed, considering the scope of the problem. I'm not convinced, because it will be messy and very costly. In my case, I had two stop sell market orders of 5000 shares each of DBCC at 8 1/16 and 7 15/16. No confirmations for 15 minutes or so, although 5 partial fills at 5 different prices (8 1/16 to 7 1/2) over the next 15 minutes sold half the total. Sheesh, only 5000 shares sold at market over 15 minutes, in a very liquid market (half million shares traded in the same period). At that point, I canceled what was left of the sell order, because by then the price rose again above my stops. I'll state here what they offer me, if anything, when I contact them monday. DATEK: please clearly state your policy on this thread.