Re: [CANSLIM] Datek + Amertrade revisisted

From: "Ira Post" <ip108@yahoo.com>
Subject: Re: [CANSLIM] Datek + Amertrade revisisted
Date: Wed, 22 May 2002 16:10:00 -0400

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That's right.  Datek has alot of day traders because of their service and
the low cost.

Ira

- ----- Original Message -----
From: "Winston Little" <wlittle1@peoplepc.com>
To: <canslim@lists.xmission.com>
Sent: Wednesday, May 22, 2002 3:49 PM
Subject: Re: [CANSLIM] Datek + Amertrade revisisted


> If they target just the "active" traders, they will recoup the gross
amount
> in less than three months, just from trading.
>
> The extra cash from traders account is money in the pocket.
> If these traders use margin, it is Santa Claus by July.
>
>
>
> ----- Original Message -----
> From: "Dan Musicant" <musicant@pacbell.net>
> To: <canslim@lists.xmission.com>
> Sent: Wednesday, May 22, 2002 1:05 PM
> Subject: Re: [CANSLIM] Datek + Amertrade revisisted
>
>
> On Mon, 08 Apr 2002 20:52:34 -0400, you wrote:
>
> :It sure was expensive, $1,600 per Datek customer.  That's a lot of
> :$9.99 trades.
> :
> :Al French
>
> That surely IS a lot of 9.99 trades, however I have to think a lot of
> the value lies in their coffers being full of inverstors' money. They
> pay interest to the customers but they have an opportunity to make money
> off of all that capital. I don't know for sure, but I suspect that this
> is where a whole lot of that value comes from.
>
> Dan Musicant
> :
> :----- Original Message -----
> :From: "Dan Musicant" <musicant@pacbell.net>
> :To: <canslim@lists.xmission.com>
> :Sent: Monday, April 08, 2002 5:30 PM
> :Subject: Re: [CANSLIM] Datek + Amertrade
> :
> :
> :On Mon, 08 Apr 2002 15:34:22 -0400, you wrote:
> :
> ::Just received an email announcing the merger of the two...
> :
> :I got it too. A google search on Ameritrade presents a more
> :circumspect
> :view of things. Indeed, it is an acquisition of Datek, not a
> :merger. A
> :bidding war has been going on for some time and it's thought to be
> :expensive at 1.3 billion $.
> :
> :
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