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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: Doorman who wrote (21224)3/16/1999 2:33:00 PM
From: steviee  Read Replies (2) of 122087
 
Sad thing to read. Finance Home - Yahoo!
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Top > Business and Finance > Stocks > Technology > Software and Programming > SEVL (7th Level, Inc.)
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TO THE TRUTH SEEK ER- THIS IS THE ABSOLUTE TRUTH!
by: cjjames98 23283 of 23321You suggested selling the shares I have on margin. Should I do this immediately in the morning and sale the entire 2000 on margin at same time? Also, if SEVL does go up tomorrow, even a little bit would your suggestion be the same? This post probably sounds like a joke because of my stupidity in getting myself into this mess. My emotional state of mind, divorce, house for sale, etc., clouded my judgment. And besides that fact I felt like I needed something to keep my thoughts on and my mood lifted up and thought I could make some money at the same time day trading. Despite the fact that I had no training in daytrading and did not realize how hard it would be using a discount broker, and they have reqlly screwed me around. I never know exactly when my orders are filled, and the way I ended up with 4000 shares was thru an order error and of course they accept no responsibility, so I am IT. I placed an order at 11:11 a.m. and it was not filled they did not even have a record of the order when I checked back, the stock was still going up and I thought I was missing a big chance and placed a second order at 11:26 quite abit higher which went through. After the market closed my order
sheet finally showed the 11:11 a.m. order and not only showed it, but filled it, and there I was with a margin call of $12,000.00. I attempted to find out how this happened and get it reconciled and they searched and told me that the 11:11 a.m. order of 2000 shares was received when the stock was at the price I stated, but that it immediately dropped and did not reach the price again until 12:45 p.m. and it was filled
Posted: Mar 16 1999 12:45AM EST as a reply to: Msg 23260 by the_truth_seek_er
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