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Non-Tech : DATEK- COME LOSE YOUR MONEY -- Ignore unavailable to you. Want to Upgrade?


To: D. Chapman who wrote (1)11/4/1998 11:25:00 AM
From: GT  Read Replies (1) | Respond to of 38
 
Datek is a scam - they are front running our morning orders for their own gains imo. If your stock gaps at the open (which they often do) - you can't get out of your position !!!!!!!!!!!How the hell can we survive that !!!!!!!! I'm gone except for the complaints to the S.E.C. and a possible class action lawsuit.



To: D. Chapman who wrote (1)11/6/1998 4:59:00 PM
From: Ove Hansen  Respond to of 38
 
> Datek is open from 11:00 am to 3:30 PM. If you remember this
>simple rule, you will do well

Yeah - I tried for fun to enter a rather small sell order (just
experimenting with day trading) towards close but got timed out
from a couple of servers which didn't respond. I then managed to
get through to orders15 which had worked impeccably earlier in the
day, however now I just got a spinning hour glass. Then I tried
to place the same order on orders7 (which I also knew worked well
earlier), and stared again for a looong time at the hour glass.

Result - one "not confirmed" order at 16:00:09, and one open order
at 16:00:15. Did Datek die around 15:50 and spring back to life just
seconds after close?

I tried to open an account with E*Trade today - this morning I
got through to the first web form, but after submitting it it just
timed out on me. Submitting it again didn't work - "username already
taken". So I tried a slightly different one. Same result, and same
reply when re-submitting it. Obviously the data managed to get from
the form into E*Trade's database but the server didn't come back
with any confirmation ;-(

Sooo... I tried again this evening and noticed that I could link
the account to an existing username. Cool, I tried the one I had
used the first time. Worked like a treat! Except for the Javascript
which screws up anyone who isn't from the US, and a form which
insists that one has to enter a US State - even when one doesn't
live in the US (why the *hell* do so many yank sites get *that*
one wrong - I have stopped counting the number of times I've been
forced to go back on a form to enter a state even though I quite
clearly didn't choose "United States" in the list of countries -
aaargh!) And, except for the "funds transfer" form where I couldn't
just transfer 10,000 bucks from Datek: no, it insisted that I enter
a stock, I tried "1 CSCO" and *that* part was fine. Except now I
was stuck as I couldn't get around the part where it insisted on
my social security number. I HAVEN'T GOT ONE DAMMIT - I'M NOT
FROM THE US!!! The latter was specified in two or three places
as I clicked my way through the forms - aaargh again!!!

So, I sent E*Trade an e-mail, requesting all forms by snail-mail,
screw technology... Maybe I should open a thread "how to survive
the stress of opening an E*Trade account" ;-) ...

One day I might actually *have* an E*Trade account and it will be
fun to compare how well *trading* works.



To: D. Chapman who wrote (1)11/7/1998 3:38:00 AM
From: GR  Read Replies (1) | Respond to of 38
 
I am willing to enter into a class action lawsuit with you against datek.They have repeatedly shown themselves unable to tun a proper operation.I agree it is almost immpossible to sell at the opening or close.I too have been screwed out of much money.