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

To: Mama Bear who wrote (9760)	9/23/1998 2:57:00 PM
From: Len	Read Replies (1) \| Respond to of 16892

Hi Barb I've always been able to do it, with one caveat. You have to have enough buying power in the account already, (without taking into account the proceeds of the cover), to pay for the ultimate long order. Same holds true if you're closing a long position and going short. I had to get deep into the layers of management to get someone who could tell me why my portfolio page would say that I had buying power, when in fact I didn't. Their answer? Computer problem, of course. I've never understood how a computer sophisticated enough to handle the amount of trades and account reconciliations that Datek handles, couldn't be programmed to figure out that the proceeds from one order would be helping to pay for the second order. I think we've already established that they skirt the rules on settlement proceeds, so why can't they do the same in this case? Datek... can't live with 'em......can't...... Len