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

To: George K. who wrote (12377)	6/6/1999 6:08:00 PM
From: Tai Jin	Read Replies (1) \| Respond to of 16892

I'm just guessing, but ISLD may have crossed an order internally at 48. Does anyone know if internally crossed orders are posted on the tape? I would think they are, bwdik. ...tai

To: George K. who wrote (12377)	6/6/1999 11:36:00 PM
From: nick nelson	Read Replies (1) \| Respond to of 16892

George, Post an exact copy of your daily activity and show exactly how the open (STOP) order looked to Datek so we can better evaluate... it looks like typical broker-dealer theft on stop orders - goes on all the time. The SEC encourages ALL brokers to steal from their clients whenever they can trigger stops. What was the stop activation price you entered? What was the stop LIMIT price? What time was the order was entered and how long was it active? n

To: George K. who wrote (12377)	6/7/1999 12:33:00 AM
From: Mark Davis	Respond to of 16892

Had something like this happen last week at another firm. I put a stop on a short sell, well above the market. I was watching trading in the stock (NYSE) and knew it never traded there. Somehow, some clown (I assume it was not the specialist) maybe in a third market decided to sell me stock outside the market price based on some 'late' prints that showed on the tape. No dice. I called my online broker (Suretrade) and while it did take a few calls to get someone with an IQ above 67, they saw the error and broke the trade. You are entitled to a fair shake regarding stops. A bad print, outside the current market is not a reason to execute your stop. Imagine the games that could be played if this was allowed. If it in your interest, insist that Datek make good on this bad fill.