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Non-Tech : MB TRADING

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To: Dan Swartzendruber who wrote (4475)	4/10/1999 4:58:00 PM
From: Robert Cohen	Read Replies (1) of 7382

I had an interesting thing happen on Thursday. I was at the inside ask on ISLD offering out at 1/2. Suddenly my offer disappeared, I received no confirmation and prints went off at the next higher ISLD tier 3/4. Well at that point I didn't know if my order was filled or somehow canceled. I attempted to cancel the order but the attempt failed. I then put in a new sell but the software now thought I was selling short. I then called MBT and after 10 min and a call to island the order was manually canceled. I then sold at a 1/2 point loss. When I called MBT later they told me Island went down and I have no recourse. Luckely it was a small block but had it been 1000 shares it would have cost me $500. Thought I would pass this along. If it happens again I think I will assume that the order was lost and place a new order. Any comments would be welcome. Robert

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