SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : FNCM Finet.Com -- Ignore unavailable to you. Want to Upgrade?


To: fiberman who wrote (1481)5/13/1999 6:16:00 PM
From: KevinThompson  Respond to of 2420
 
OT:

So far, I've been very pleased with Datek as far as "regular on-line discount and retail" brokers go. They almost always execute my trades fast, they perform cancelations fast, provide realtime account balance updates and realtime streaming quotes.

They are not an order entry system, but hey, for $10 per trade, they are best deal out there. All just my opinion...

My biggest gripe with them is that sometimes their servers are too busy in the morning at the open - no guarantees of fast performance in the first half hour. This can be a big problem - but usually, I've been pretty lucky. Although this is not a problem unique to Datek. One other problem is that they don't trade BB's.

Regards,
KT



To: fiberman who wrote (1481)5/17/1999 2:33:00 PM
From: James H. Irwin  Read Replies (2) | Respond to of 2420
 
Regarding your story about how DATEK sucks:

If you knew anything about how syndicates/brokerages work...you would understand...but since you don't, here goes for you and others:

The underwriters probably communicated to DATEK that they would probably be "allocated" X number of shares, of which DATEK jumped the gun and allocated out those shares...when the underwriters told DATEK that they wouldn't get that number of shares, the only thing DATEK could do was to cancel the trades...I'm sure they (DATEK) were working for their customers, because it only means more trades/more money.

So cool your jets and move on.

The mere fact that IPO's have the potential to be grabbed by individual investors was unbelievable a couple of years ago...so stay tuned and be patient.