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: Saita who wrote (8167)	4/26/1998 3:25:00 PM
From: Mike	Read Replies (1) \| Respond to of 16892

Serguey, Perhaps I used the wrong words. I had an order to sell QDEK last Thursday when it traded nearly 30 million shares (i think) with an average volume of 400,000. So, as you might guess it was a little crazy that day. I do not know the exact time, but it was near the open for the day. I didn't check it until about 11:00 AM. At any rate, my limit order was filled $0.30 above my specified price. My point being that this has never happened to me at Datek. While trading at Datek, I had the bid on a stock move higher than my price on a limit order to sell and I still did not get a fill of any kind. Datek's response? "Sorry, we don't guarantee you a fill." Datek cost me money because their systems were preoccupied with trading against me rather than trading for me. If they can't make money by selling to you, 9 times out of 10 you will not get a fill. Just my experience, Mike