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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Michael Davis who wrote (25316)	6/15/1999 4:13:00 AM
From: Patrick Slevin	Respond to of 44573

Holy Smoke. Reminds me of a speech by Rubin or Greenspan or whoever. "Whoever" mentioned a woman who was trying to Trade an IPO using Electronic. She had an order in, it was then CXLed and a replacement order sent. She then traded out of it. I do not recall the exact sequence of events but her intention was to risk $15,000. Seems that somehow the orders got bobbled and she was on the hook for somewhere between $250,000 and $300,000 Takes some deft day trading to make that back, risking $15K a trade.