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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: frank 3 who wrote (8094)	5/1/1998 1:26:00 AM
From: Roger A. Babb	Read Replies (2) \| Respond to of 18691

Frank, actually I do have a beef with Datek right now. Last week I placed a market order to buy GNET over 15 minutes before the market opened. GNET opened at 26+ headed up. My order was not executed until 9:55 at 30+, many thousands of shares traded earlier at lower prices.

To: frank 3 who wrote (8094)	5/1/1998 2:41:00 AM
From: Neil Booth	Respond to of 18691

Frank3, I've had the same experience:- usually the price appears immediately, but occasionally takes as long as 10-15 minutes to appear. In the meantime I could have got filled many times. What's going on? I don't know. But I don't trust them enough to give them a market order. That's like signing a blank cheque. Also, the same problem occurs when cancelling orders. Mostly, the cancellation is immediate. Occasionally, it takes many minutes, and recently one took until market close to be cancelled. Dodgy, to say the least.