E*Trade (EGRP) Suggestions (NOT FOR FLAMES!!) Message Board

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Non-Tech : E*Trade (EGRP) Suggestions (NOT FOR FLAMES!!)

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To: Gaurav Khanna who wrote ()	11/24/1997 12:28:00 PM
From: Brown Bear	Read Replies (2) of 118

Please HELP! I have been taken for a ride. I bought 40 Nov 100 Puts of PGR. I then sold them at market on Friday morning before expiration. I got a confirmation that they were sold at 3. Then, today, Monday, I get an e-mail saying that it was a mistake & the order has been reinstated & expired!! That's ($12,000) down the drain. I called them up & after 30 minutes on hold, I was told that the market makers changed their mind & they have 3 days to do that. Is this legal ?? This is the third time I am losing big bucks because of E*Trades mistake. Previously, on the crash day, I had an order to buy 50 Puts on G at limit. I then wanted to cancel it but I couldn't get through & I kept trying. I finally got through just one time & cancelled it & I got confirmation that it was cancelled but later I got confirmation that it was executed & I lost $15K there. Can I take legal action against them ?? Any help would be greatly appreciated !! Thanks

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