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Technology Stocks : Forecross Corporation : Y/2000
FRXX 0.000400+100.0%Mar 7 3:00 PM EST

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To: Ruyi who wrote (1398)9/6/1998 8:19:00 PM
From: lef   of 1654
 
To Doug McLeod
The explanation that J.D.R.is giving for the crossing of stock
is bazaar and twisted but then again we are dealing with certain exchange members who appear to be capable of the mystical.Being
a former managing director and head listed trader at MLPFS and prior to that having the same position at Lehman Bros., I feel that I can speak with some authority about trading stocks.There are three ways to
cross stock and I am talking about any size trade whether it be 1000 shares or millions of shares.1)buyer and seller agree on price for the entire piece 2)the dealer steps in and agrees to accommodate the buyer or seller and inventories part of the trade i.e the dealer goes long or short somepart of the piece.3)the dealer takes the whole other side of the trade i.e.the dealer goes long or short the whole piece.Now the fellows at Whitelips and Trembling Ltd.that J.D.R. seems to be trading with most probably don't have the desire or the capital to
accommodate a roundlot.
To be honest with all of you on this post I get a big kick out of those terribly frigthenig warnings regarding Countdowns ,Deathwatches and immanent Chapter X11 filings. By God you surely think that all the longs just fell out of a tree.If that be the case J.D.R and Juri you probably stand to make two or three thousand apiece, I say that because both of you refuse to take Mr.Addington,s very generous wager.
If it were me I'D take the bet and go to Whitelips and see if they would step out on a limb and short me 50 shares to round off my block.
REGARDS,
LOU FERRARI




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