Wit Capital - The way of the future? Message Board

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Non-Tech : Wit Capital - The way of the future?

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To: bh who wrote (4230)	5/28/1999 5:25:00 PM
From: Crusader	Read Replies (1) of 16809

It was a limit order placed before market opened. I then cancelled about 5 minutes after market opened. The bid/ask was 3/4 over my limit order at the time and had not been closer than 1/4 above my limit after it opened. I know this as I was watching on another screen in real-time quotes. At least 10 minutes later I looked at the stock and it was still 3/4 higher than my limit and had not once fallen to my limit. Needless to say, I was astonished to receive a confirmation the next day. The other trade was a change in the number of shares. They never got my change made. I was not as worried about this one, and thought I had made a mistake. It wasn't until the second incorrect execution described above was made that I realized it was their fault on this one. They could have gone through their records to explain what happened, and I asked them to. Their CCO, Ken Lenskold said he'd investigate and get back to me. That was one week ago and he said he'd call me on Monday. All I'm saying is for potential investors to be careful. I don't think Wit is reputable and advise extreme caution. Crusader

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