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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling -- Ignore unavailable to you. Want to Upgrade?

To: Parnell who wrote (5330)	8/21/2001 8:52:00 AM
From: Dale Baker	Respond to of 6873

Parnell, I saw that happen once. I worked in a bank many moons ago where I reconciled checks returned for insufficient funds. A check comes through one day from a small business that had been written for something like 12,183.50 and keypunched (and deposited) in the bank system as 121,835.00. Of course it bounced. The usually low-key bank president had that account owner in his office by lunchtime with a serious discussion about how the company had "overlooked" an extra $109K. The account owner had bought furniture and invested their accidental windfall. And they don't have it now, that's for sure.

To: Parnell who wrote (5330)	8/21/2001 10:00:34 PM
From: bbgold	Read Replies (1) \| Respond to of 6873

Good Point Parnell! That is why I suggest printing out a statement of your account after every day. If you think that something might be wrong you will have the statement from the day before to verify what Should be correct. That would be better than saying the next day "How many shares did I have of that stock? Did I have 10,000 or 20,000? Did that order for the extra 10,000 shares fill or did the stock have a 2-1 split?". In the case of BB stocks it is always difficult to keep up with whether or not a companies PRs are correct and when an X date is in affect. Some, not All, of the blame should fall on the brokerage for not giving Deeber the correct information or at least informing him that his information May Not be accurate and that he would be responsible for Any miscalculation rather than informing him quite a while later that he was responsible for the debt. I only have 16 stocks in my account right now and trade some others day to day and if One of the stocks that I have tucked away suddenly changes value to a degree that it gives me some notice then I will enter the trade to execute and not question whether the information was accurate or not. I recently had a stock move from .001 to .015 and I did not make Any calls but rather entered the order to Sell. Of course the quote was incorrect but if the trade had gone through at the incorrect price or share number then WHO should be held responsible? If you had a stock that had an unexpected split that you had not read any news on and could sell your shares at a profit because of the split would you make some calls first to find out if the information was correct or make the trade to lock in your profits? I think that it will be interesting as to the outcome of Deebers predicament. Like you say, this has reminded me to keep an account of what stocks and at what shares and prices are in my account. I am the President of my own account after all <GG>. Thanks Parnell! Sincerely, bbgold :^)