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Technology Stocks : 3DO: Hot Games for Hot Machines (THDO)

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To: David Patrick O'Connor who wrote (3967)8/10/2001 3:32:52 PM
From: (Bob) Zumbrunnen  Read Replies (1) of 4081
 
It's not the most manipulated I've seen. I do have issues with a particular marketmaker in it, but that's about it. I use Quick and Reilly so sometimes my orders show up through BRUT but most of the time they're through FLTT.

I've noticed many times that I'll put in an order to buy at the ask or sell at the bid and rather than FLTT just moving the shares at the correct price, they'll advertise my block at a different price. If I'm selling at $4.89, for example, I've seen them advertise my shares at $4.91.

They're not as bad about it as they used to be, but not great either. I know limit implies "or better", but I've missed a few trades because they were advertising the block at the wrong price and it moved away from me. If it's at 4.89 x 4.92 and I think it's getting ready to crater, I want to sell at 4.89 while that price is still available, not try to get 4.91 and have my showing up on the offer give it a little more reason to pull back.

It's my considered opinion that Fleet is one of the most maliciously stupid companies in existence. I've had no end of trouble with them with credit cards, and used to frequently get screwed by them in the market.

How many companies do you know of whose "Fraud Department" repeatedly suspends the use of your card simply because you're in the habit of paying it off each month. They've done that to me repeatedly. I even closed that account (after having them send me a check for my remaining credit balance -- I'd overpaid by a big chunk) back in January and have since had at least a dozen heated conversations with them because they've refused to close the account and keep tacking on a service charge and late fees. And each time they've assured me they'd have it straightened out. But I found out recently it's showing as a negative on my credit report.

FLTT sucks. Period.
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