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Pastimes : All Clowns Must Be Destroyed
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To: double-plus-good who wrote (13825)3/1/2000 12:52:00 PM
From: IceShark  Read Replies (1) of 42523
 
Sorry to hear about this, but you made a major mistake by canceling the order.

Rather than going through all the pros and cons at this point here are a few observations:

1. How much money are we talking about? PM me if you want.

2. You can try to talk them into some adjustment for slow execution. But the max you will get would be the difference between where the stock would have been at hypothetical price points - namely when they should have originally executed and where they would have executed, had you not cancelled. I don't know how you are going to establish the latter in light of the fact you cancelled and reassumed economic risk. They are going to argue sour grapes by you. And all the brokerages have a escape clause regarding slow execution due to market conditions which is going to make establishing the first point another argument.

3. You are going to have to sue 'em or go to arbitration in all likelihood. Is this economically feasible?
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