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

To: Brian Y. who wrote (8555)5/14/1998 11:59:00 PM
From: jaison  Respond to of 16892
 
Thanks Brian! Actually I am pretty new to the game and do not, as of yet, know how to short.



To: Brian Y. who wrote (8555)5/15/1998 12:52:00 AM
From: Gorak Shep  Read Replies (1) | Respond to of 16892
 
If you enter an order to short a stock and then cancel that order within one minute I am certain that Datek will charge you the normal fee. Brian

Can you provide a reference for this claim? I've never heard of it and can't find it on their website.



To: Brian Y. who wrote (8555)5/15/1998 12:58:00 AM
From: eWhartHog  Read Replies (1) | Respond to of 16892
 
<<You can be charged on a cancellation, I believe. If you enter an order to short a stock and then cancel that order within one minute I am certain that Datek will charge you the normal fee.>>

Perhaps it's to pay for the courier who is instantly dispatched to Wall Street to borrow the stock.


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