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


To: henry jakala who wrote (11290)3/19/1999 1:02:00 PM
From: Dan Clark  Read Replies (1) | Respond to of 16892
 
Dump Datek!!!

This morning, I took a long position with EGGS that turned quickly. I immediately executed a sell order at market to get out. It took over THREE MINUTES for the market order to execute!!! I lost 5% of my position in that three minutes!

Of course Datek made the trade free. Oh wow, 10 whole bucks!

Until today, I have been trying to be supportive of Datek in the hopes that they could work out their problems. Unfortunately, it looks like they can't pull it off.

Regarding a new broker, I've heard bad things about brokers that use Townsend Analytics software. I've heard modestly good things about CyberBroker. Any opinions on these? Any other brokers?

I'm tired of loosing money through rotten executions. I'd appreciate any feedback on other brokers.

Thanks in advance,

Dan.