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: gbh who wrote (8182)	4/26/1998 3:42:00 PM
From: Zog	Read Replies (1) \| Respond to of 16892

I actually had a huge arguement with one of Datek's customer rep. about this. She said only MM can buy at the bid, which is absolutely incorrect. Anyone can buy at the bid, just put a limit order in. It may take a while to get filled, depending upon how the stock is moving, and who else is at the bid. Even if there are MMs at the bid, you generally will get some shares, perhaps not your whole order (of course, if there is a market order in ISLD, you will get filled before anyone else!). Of course, if you are in a hurry to trade, buy at the ask. Of course, the way Datek computes your portfolio value, you will instantly loose money! Michael