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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Dalin who wrote (81546)	11/20/1998 12:38:00 PM
From: T L Comiskey	Read Replies (2) \| Respond to of 176387

Dalin...is that 9.95/thousand..?........how about options...?.....thx Tim

To: Dalin who wrote (81546)	11/20/1998 12:41:00 PM
From: Zeem	Read Replies (2) \| Respond to of 176387

Anybody have any info about Brown & Co? How good, how bad?

To: Dalin who wrote (81546)	11/20/1998 8:20:00 PM
From: Craig Lieberman	Read Replies (1) \| Respond to of 176387

I use both Schwab (for my IRA shares) and Datek other funds. Schawab charges $29.00 per 1000 above that they convert the whole trade to a straight 3 cents/share. If you are a little more well heeled and trade up to 5000 shares of DELL at a shot, you get that trade on Datek for $9.95 . 5000 shares traded on Schwab cost you $150 bucks. of course 5000 shares of DELL are around $325,000 so whats 150 among friends. What I have noticed is Schawab will execute these trades no mater what if you give them a market order. They will make a price up and sell them to you out of their own inventory even if it is close to the wire. If you want the trade right away and don't care about the price, execute on Schwab as a market order.. However, they will take 1/8 to a 1/4 beyond the spread and blame it on timing. Datek seems to play less games with the price. You get fast orders at the Ask. However, sometimes they don't execute at all. This is because apparently, Datek carrys no inventory. They first past your trade to instanet(?) where most times it executes. If it doesn't execute there, they hand it off to the MMs who get to hold the trade for undetermined amounts of time before handing it back to Datek. If your marketable order doesn't execute for more than 1 minute on Datek you get the trade for free. Recently, I got boxed out of a trade near the close by having it bounced to a number of MMs before the market closed. Nobody executed it so I never got the shares. For that trade only, I would have gladly paid Schawab's higher prices and gouging to get the shares at even 1/2 point above Ask. As it is, I had to wait to the next morning where DELL had gapped up by over a buck.. Either one is fine for limit orders... Like Datek for that more since the cost is lower... JMHO Craig