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To: double-plus-good who wrote (47621)7/8/1999 9:52:00 PM
From: stevedhu  Read Replies (1) | Respond to of 95453
 
double-plus-good, I'll try, but I could be wrong, I looked up your trade on live Quote.com which provides a tick by tick of all trades in real time.
13:38:34 was the time of the last ask before your trade, it was 2 1/2
15:06:01 the bid was 2 1/4
15:06:34 the bid dropped to 2 3/16
Your 4 did not trade as a block of 4, they traded separately at
15:25:24
15:25:25
15:25:28
15:25:38
It's my guess that the MM (Pacific Coast Ex.) screwed up and took it back because of the screw up. If you or I make a wrong entry and it's filled, I'll guarantee you our broker won't forgive us and take it back, I've done it and ate the trade. My idea could be wrong, but if your broker records phone conversations you could use that as proof and get the SEC involved, no harm in raising a little hel-, I sure would.
I hope this help's a little.
Take Care
Steve



To: double-plus-good who wrote (47621)7/9/1999 11:13:00 AM
From: dfloydr  Respond to of 95453
 
Brian:

I agree with you 100%. I know nothing about options, but when I was on the street, if our trading room screwed up on a trade, we ate it. I remember the indigestion we incurred from a 600,000 DEC trade with a 1/4 point error particularly clearly. The good news was that it benefited one of my customers who, understanding what had happened, doubled his business with us for some time there after in gratitude.

I doubt you feel inclined to double your business with that MM!