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


To: Spots who wrote (8314)4/30/1998 11:06:00 PM
From: Mama Bear  Read Replies (1) | Respond to of 16892
 
Hmm, right now I'm thinking IRA at Waterhouse, daytrading account at MB Trading, and position trading account at Datek. I want to see my margin interest charge for this month before I commit to keeping the position account at Datek. My position trading is usually short, and usually some hard to borrow stocks. Availability of shares to borrow at Datek and the lower (so they say) margin interest rate would induce me to keep those positions there, and I usually use GTC orders to cover those positions, so accessibility wouldn't be an issue.

Barb



To: Spots who wrote (8314)5/1/1998 6:39:00 AM
From: Ken Adams  Read Replies (2) | Respond to of 16892
 
Spots...

Your "multiple brokers" comment fits me perfectly. I want ONE trading account where I can do, for the most part, a couple of things. I want to do short term trades (couple days to couple weeks). In and out. I also want to occasionally buy something and write an option against that position.

That can't be done in two different accounts. That's my major problem with Datek. They've been promising to offer options for well over a year that I know of, but they're no closer to it today than they were then.

I just closed my Ameritrade account. Looked at Datek (see above), and will now look at Web Street and Waterhouse. Both of these offer all I need at decent commissions. Just don't know about their executions.

Ken