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


To: SeasideHeights who wrote (10213)11/11/1998 10:45:00 AM
From: Gorak Shep  Respond to of 16892
 
NYSE/AMEX quotes are slightly off. Will be fixed shortly (10:05a.m.EST) - datek

Slightly off? The prices haven't changed for 45 minutes. BEWARE!



To: SeasideHeights who wrote (10213)11/11/1998 7:53:00 PM
From: henry jakala  Read Replies (1) | Respond to of 16892
 
DATEK - where's my interest for the last month and maybe last 2 months ???????

and what the heck is this message all about ? got it while trying to retrieve my full history for this year

This report is very large and may be incomplete.



To: SeasideHeights who wrote (10213)11/11/1998 10:38:00 PM
From: BradC  Read Replies (2) | Respond to of 16892
 
<Their one exceptional feature of updating the balance realtime and making the money available to you immediately for trading is what attracting all the daytraders like bees to a nectar>.
Message 6372167

Very good point. I have been a bit puzzled as to why so many people are complaining so bitterly about Datek and just keep coming back for more licks day after day. This business about getting your credit immediately must be the answer. There has to be some very compelling reason why people are staying with Datek.

My question: Is Datek the only US broker to offer this deal? If so why are more brokers not getting in on the action if it is such a big draw?

I don't understand why it would be in a brokers best interest to withhold the credit from a sale to prevent a customer from continuing to trade.

Brad