Piffer OT - And Other Assorted Nuts Message Board

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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts

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To: The Phoenix who wrote (22183)	3/8/2000 10:13:00 PM
From: faqsnlojiks	Read Replies (1) of 63513

Gary, they s&rewed me hard on this. I had a limit buy order in for DCLK at $71...got the on-line confirmation, and then DCLK rocked up over $80 (that day). I thought I was a genius to get in near the bottom, and the next day DCLK gained another 10 points or so. Anyway, that day (at least 24 hours later) I get this message from etrade that says something to the effect that even though my buy order was confirmed, they are revoking the buy because the ask never hit $71. I also got a written confirmation in the mail...which was also revoked. In the fine print...there is a little blurb that says E-trade has the right to revoke any limit fill within something like 36 hours. This is the rule they fell back on when I got my lawyer to call. Yep...it's there in the fine print...and I got screwed. -Joe

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