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Strategies & Market Trends : The Final Frontier - Online Remote Trading

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To: TFF who wrote (5066)	8/23/1998 12:23:00 PM
From: Jay Lyons	Read Replies (2) of 12617

Irby- Your "Ball" summary keeps getting better and better; I continue to rely on you to help me help myself become a better trader. I would like to offer an addition based on something I saw on Wednesday (or maybe it was Thursday) of this week. I had a position in YHOO and was watching my LII screen when out of no where came 1000 on the Ask for $17! I ignored it, assuming it was a data screw up, but low and behold, all 1000 ticked off on my POS at 17. Apparently, someone hit 1 instead of 9 and I assume lost around $80,000 in the blink of an eye. It seems obvious...check your order before you send it. Check it twice! Don't let the details be your downfall. Jay

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