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Non-Tech : Datek Brokerage $9.95 a trade
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To: Philipc who wrote (3324)6/19/1997 1:01:00 AM
From: Crabbe   of 16892
 
I looked at the intraday graph, PAIR traded before the bell at 18 1/4. That was probably MM's adjusting inventory between themselves. The stock then moved up in pretty active trading. As your order was a Market Order, either a MM or SOES bandit got you for a lousy price.

I if it had been me I would not blaim Datek, I have a policy,NEVER PLACE A MARKET ORDER BEFORE THE OPENING. I would think that as a Market Order it was not placed on ISLAND and that it was routed properly to SOES or a MM and as often happens the openning is volitile and someone gets screwed in this case it was you.

Quadad would view this differently, and Jon may also. But I personally feel that you left yourself wide open with a market order before openning.

I think it has happened to all of us, when it happens to me I chalk it up to education. My education in the market would put a kid through college twice, or more.
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