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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: wanmore who wrote (43812)	10/5/1999 6:32:00 PM
From: Gersh Avery	Read Replies (1) \| Respond to of 94695

What do you call "the other side?" You bought the options .. the other side wrote them .. It would be interesting to find out if your broker is the other side.

To: wanmore who wrote (43812)	10/6/1999 5:43:00 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 94695

From the circumstances you described in your post, it's really cut and dried... you gave your broker very clear instructions about what to do under specific conditions... by the fact that he decided to do otherwise demonstrates two things... 1) he understood your instructions and, 2) willfully chose to disregard them... By his own explanation to you, he demonstrated that he was not ignorant of your instructions, but knew your instructions and then willfully and knowingly decided to ignore them..... I would think that you can certainly win in arbitration, if not in litigation, but first see if your broker will be forthright enough to reimburse your account before further action is taken..... Brokers are nothing more than order takers, and your broker violated the spirit and letter or his responsibility to you as a client..... My Best Regards. GZ