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


To: Mama Bear who wrote (10270)11/14/1998 1:17:00 PM
From: dumbmoney  Respond to of 16892
 
I also transferred out the last few dollars when the interest was credited. Account shows $0.00, money transferred no problem.

Of course Datek still owes me a few pennies (12 days of interest on last month's interest).



To: Mama Bear who wrote (10270)11/17/1998 7:30:00 PM
From: Spots  Read Replies (2) | Respond to of 16892
 
I got the 'success, you
have requested a wire transfer of $x.xx'. Today I looked and it had
been credited back, and no explanation. I immediately requested them
to transfer it again. Perhaps they don't want to let go of those last
dollars?


Hurrah, I sold out my holdings today, finally. Now if D*T*K
can just stay solvent through settlement date, I will disengage.
In fairness, I must state that it only took Datek 4 or 5
minutes to execute a marketable limit sell at the bid which,
according to my real-time bid/volume report, was approximately
half the on-bid volume. Whoop. BTW, the daily activity report
reflected execution time as 1 second (though the email
confirm appears accurate, go figure). Another order in
the spread (acutally a teeny below the ask with a 3/16
spread) executed in under a minute, so on balance no
complaint; just funny. Haha. No guarantees, right?

We defunded my wife's account some months ago, and thank
goodness I resisted the wire transfer impulse. I must
say the web-requested check arrived quickly. As did a later
check transferring out the ubiquitous late interest payment.
Now there's a 22-cent balance. Repeated requests via
certified mail to close the account and send a check for
the balance were, even before the interest payment,
take a guess now, ... IGNORED (did you guess right?).
Live it up on that 22 cents, Datek <ggg>.

So, come Monday (hey, a day's grace, settlement should be
Friday, but I'm the generous type), I will request a check
for the cash balance. Not as big as my wife's, but that's
my fault, not Datek's (got to take credit where it's due,
I guess).

I will share your relief when the check clears.

Sorry for the long, rambling post, but the prospect of
relief is too great to resist mouthing off about it.

Regards,

Spots