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Strategies & Market Trends : Canadian Options

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To: Robespierre who wrote (1512)	4/15/2000 6:20:00 AM
From: Porter Davis	Read Replies (1) of 1598

Just what the world needs...another ambulance chaser. Well, Robespierre, I hope you're proud of yourself. I guess you weren't listening when your momma told you there's no such thing as a free lunch. Where do you get off calling the specialist a scum? Do you know him? I don't. Are you surprised that your broker was an unwilling accomplice in your unethical thievery? And to publicly whine that you were in limbo while some guy had to eat a $600 error. There are any number of reasons why a class might contain bad quotes, and since no Canadian exchange I am aware of has an error account, they always are forced to hang it on the specialist. In Toronto the determining rule was that "the Exchange shall not allow any unreasonable trade to stand", and a $1.35 call at a .65c discount is prima facia unreasonable, and absent malfeasance on the part of the specialist, I never would have allowed that trade to stand during my fifteen years as Chairman of the Floor Procedure Committee. I hope you're proud of yourself. Why don't you take part of the proceeds (after you pay your taxes, of course) and buy yourself a book on ethics. Porter

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