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Strategies & Market Trends : Tech Stock Options

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To: James Strauss who wrote (56556)	10/28/1998 11:08:00 AM
From: ViperChick Secret Agent 006.9	Read Replies (1) of 58727

waterhouse okay here is something that just happened to me for the first time ever I bought instead of sold something was trying to sell my options and bought instead.... now if I had been using trade direct(phone ordering system) the trade wouldnt have gone through because the price was higher than the bid/ask..but the internet let it go through and I didnt find out until I checked my order status...that I had bought those suckers ( I probably had them for an hour and didnt know it) BUT the guy I talked to at the electronic brokerage area..went ahead and sold my mistaken calls for no commission either way and I made 1/16 on the deal... I thought about holding because i think it would go up today..but then I said to myself..better safe than sorry and take your free 1/16 and be happy you got out alive from that mess btw, the confirmation of the sell came back within less than 60 seconds on that trade....but we put it in under the bid at a break even for me

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