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Strategies & Market Trends : Tech Stock Options
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To: j g cordes who wrote (16439)7/23/1997 11:26:00 AM
From: Mike Fredericks   of 58727
 
Sold all 3 of my CPQHU's this morning at 10.

Still holding my 2 IBMHA's (Aug 105's)

Lombard screwed up the order... on the internet my "holdings" indicated I only held 1 CPQHU and the trade activity area clearly showed my buying the other 2 yesterday afternoon. I couldn't put in a sell order (I had a limit order from yesterday) - I was actually going to raise my sell limit.

So I called them and sat on hold for about 10 minutes (annoying) and when I finally got through I was going to raise my limit order and I asked how many I had (1 or 3) and she said 0, that I had sold 3 @ 10 earlier.

I don't feel bad about it now... good thing, I was getting greedy. But I had placed that limit order yesterday for a reason, and I'm glad it got filled.

Of course, wouldn't bother me one bit if CPQ went higher and the rest of you still holding calls make $$$

-Mike
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