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Non-Tech : Sovereign Bancorp ( SVRN )
SVRN 1.100+3.8%3:58 PM EST
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To: Jerry Miller who wrote (56)4/14/1999 11:54:00 AM
From: Peter Mak  Read Replies (5) of 143
 
Execution Problems

This morning at the open I tried to sell 3000 shares, offering them at $25. The order was entered at 9:32 with a full-service broker. SVRN traded between $25.50 and $26 for the next seven minutes. Much to my dismay my broker is telling me that due to large sellers "locking the market" I've sold nothing.

Did anyone else have problems selling on the open this morning?

Thanks in advance.

PM
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