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To: H James Morris who wrote (24356)11/3/1998 9:22:00 PM
From: zax  Read Replies (1) | Respond to of 164684
 
I never have or never will have an account with these guys. I'd open up an account with MSDW before I'd do that.
I do believe though even today, that in a couple of ears, Datek will be making some rather interesting Headlines.
God bless the screwed.


I have both an MSDW and a Datek account.

I've also a PaineWebber account, as they allow me to "go naked".

Don't knock it till you try it.

I'm bothered by Datek as they gave the rather strong appearance or impropriety... it almost seemed they were colluding with TMF in market manipulation by having sent out that flier... which would definately not be on the up and up if it proves true.

I only pray that they were huxtered into this collusion by TMF... were an unwitting participant... otherwise, if they knowingly allowed TMF to use them to manipulate some stocks (AMZN, AOL and YHOO) it could spell trouble for Datek.

Regards,

-- Eric



To: H James Morris who wrote (24356)11/3/1998 9:28:00 PM
From: OtherChap  Respond to of 164684
 
Looks like TMF chose the only brokerage house that would stoop as low as they needed in order to send out their scare-tactic flyers. There is a very nice little gathering of scoundrels coming to light- and todays announcement by the SEC that they were going to attempt to eliminate "rampant widescale manipulation" is like turning the lights on and watching the cockroaches scatter.. Or maybe its more like shining a 500,000 candlepower spotlight in the eyes of a fox who is attempting to leave the henhouse with dinner.. In any case, if this starts to unravel, it'll be more laughs than an episode of "Dumb Criminals, Caught on Tape" !!

>I did some research and as most here know they had a very seedy >background. Even
>the NY times had run an article on an SEC investigation on this small >on-line brokerage. There was also talk that Vinik was using Datek to >skin the shorts of the little 100-500
>lots.