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


To: Billy Bob who wrote (9476)8/12/1998 6:00:00 PM
From: RealMuLan  Respond to of 16892
 
It was some bad news and I was shorting the stock, and they only gave me partial fill. I think whoever bought the shares, actually shorted my shares, must think the stock would move down the second morning. Instead, it went up a point or so. So I was actually better off by that after-market trade Datek did for me. I have not complained.



To: Billy Bob who wrote (9476)8/12/1998 6:46:00 PM
From: Arvinder Malhotra  Read Replies (2) | Respond to of 16892
 
Cossack,

Good news came out for THQI before the bell and my oder to sell got executed before the bell also. I talked to the Datek Guys and they said that it is common on Nasdaq. If some MM is sitting looking for shares before the market starts, he can buy them. Is that legal, as per Nasdaq rules?

You said, don't take that trade? How can I do that? The stock closed $ 2 higher than my sale price. Are they required to supply my shares back to me at the price I bought them at? How are these kind of problems normally handled?

I would appreciate if anyone who has resolved this kind of thing with Datek could give me some pointers.

Reagrds
Arvinder