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Pastimes : Georgia Bard's Corner
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To: JEM who wrote (353)4/26/1998 1:52:00 PM
From: Labrador  Read Replies (1) of 9440
 
You are right about the Schwab system breakdown being scarely. I was trying to close out a short position (BVF) to limit my loss (the stock was moving against me). It was not until the next day that I found out that the order was not executed. Fortunately, the stock had dropped $2 from where it was when I wanted to close my short position.

Schwab saved me $2,000 on this transaction. For once, this breakdown went my way.

I took my wife out for an expensive dinner that Saturday night.
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