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

To: steve kennedy who wrote (8439)	5/4/1998 6:25:00 PM
From: Mama Bear	Read Replies (1) \| Respond to of 16892

>>>I suspect they were worried about the severe volatility and margin calls for traders stuck in either a long or short position <<< Hmm, they didn't worry about that with KTEL or MARG. >>>If there is no margin Datek has no risk. <<< The way I read my account agreement Datek will close all my positions automatically once they reach 5% of equity. Admittedly, that won't apply to overnight changes, but the change in the middle of the day was wierd. Also, just because a stock goes NM doesn't mean that you have to close an open, margined position. Barb