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To: GST who wrote (65681)	6/30/1999 2:45:00 PM
From: KeepItSimple	Read Replies (1) \| Respond to of 164684

> but on a basket of stocks? Basket of options.. I actually had no common shares at all. Guess I was getting greedy. ;)

To: GST who wrote (65681)	6/30/1999 2:48:00 PM
From: Tradegod	Read Replies (1) \| Respond to of 164684

I agree, he just lost all credibility (what was left). I trade directly with the exchanges, and they were frozen during the 5 minutes after the announcement due to fast market conditions. Executions were horrible, limits were ignored, etc.

To: GST who wrote (65681)	6/30/1999 2:53:00 PM
From: Glenn D. Rudolph	Read Replies (2) \| Respond to of 164684

KIS - Having had my faced crushed in a similar manner at least once or twice, it is a little incredible that you would have dumped, reversed and had confirmations on the volume of contracts you imply in 7 minutes. Small market orders snap back right away but human beings still get involved in larger transactions -- a 25% 'haircut' in a market like this might apply on index options if you are lightening fast -- but on a basket of stocks? GST, Human interaction is required with 10 contracts or more.