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

To: Tao who wrote (9809)	6/9/1998 11:30:00 PM
From: Mama Bear	Read Replies (1) \| Respond to of 18691

Tao, the only caveat I have heard about Datek is that they only insure cash up to 100k. They don't actually move your cash into a money market fund (shares of which are securities) and that might be a concern. They have the necessary SIPC insurance, so you're as safe as at any other broker. Barb

To: Tao who wrote (9809)	6/11/1998 1:12:00 AM
From: Michael	Read Replies (2) \| Respond to of 18691

My friend Tao: <<Since I could not short any stock of Zona at 35 at Schwab, I was thinking of opening an account with Datek. My concern is that how are their execution of orders and are they reliable as a brokerage firm.>> Datek executes orders better than Schwab. Fact: I placed limit short orders on Zitel many times at both Schwab and Datek. Only Schwab failed to execute an order when the price actually was higher during the day. I called Schwab on it, and was told that the marker makers were to blame. This has never happen at Datek .Also Schwab charges 300 % more . Your Friend, Michael