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Technology Stocks : Jabil Circuit (JBL)
JBL 207.21+1.6%Nov 26 3:59 PM EST

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To: Rosemary who wrote (3079)3/16/1998 3:45:00 PM
From: Michael Ohlendorf  Read Replies (4) of 6317
 
Anybody able to help me here: On Friday, March 13 at around 3:10 p.m. ET I told my Paine Webber broker to place an order to buy 2 JBIL Circuit March 35 calls at a limit of 6 3/8 good for the rest of the day. At around 3:30 p.m. I called him again and he told me my order was filled.

Now, today on Monday I called PW again. Another broker said that the broker I spoke with on Friday had left the company. So far so good. We were talking a while then I mentioned my long JBIL March 35 calls because I wanted to get his opinion. To my surprise he told me that I was not long any of such calls. I said this could not be true since I got a telephone confirmation on Friday. He said I should call back later he wanted to check this. Well I called back and he told me an arbitration officer is looking at it if I was entitled for a fill but the order was definitely not filled. I ask if the Friday conversation was recorded but they do not seem to record conversations (my other broker records everything). He also told me that I could basically not do anything if they figure out that I was not "entitled" for a fill. This can not be true, can it ? If I can not believe the trade confirmations my broker gives me trading becomes useless doesn't it. Any suggestions as to what I can do here ? I have never had such a problem before. Very strange since I remember pretty well having asked the Friday broker twice for a confirmation since I definitely wanted to get in the calls. I feel pretty pissed right now to say the least. Is there a site were I can check Friday's option quotes at that time of the day ? Or should I ask to speak with the head of the Office ? What makes the situation worse I sit in Europe and the PW office is in Chicago !

Many thanks for any comments.
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