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To: Tradegod who wrote (65687)6/30/1999 3:20:00 PM
From: Glenn D. Rudolph  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.


Trade,

Agreed about the exchanges being frozen. There were not enough market makers to take all the option activity. The computers were overloaded with 10 contracts or less.

On another note, I sold PCLN too soon. Oh well:-((( There will be another time<G>

Glenn