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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?


To: S.C. Barnard who wrote (7926)10/28/1997 1:21:00 PM
From: Mohan Marette  Respond to of 97611
 
Orders are coming in at 75 to 25 on the BUY side!!!!!!!

According to Mr.Quick of Quick and Reilly brokerage,orders are coming in the order of 75 to 25 on the BUY side.



To: S.C. Barnard who wrote (7926)10/28/1997 1:46:00 PM
From: Night Writer  Respond to of 97611
 
scba, my PW broker's system was jaming and runing slowww this morning when I placed order. I told him delayed price off the net. Got order placed at 64 & change.

Just got off phone from placing sell on some bonds to cover order. Phone calls were coming in faster then he could answer. Broker stays on phone until he places order, and then grabs next call after assistants screen the call. All conversations are recorded. If he makes a mistake, they play the recording and he eats the mistake.

It does not hurt to have an account and relationship with a broker for bonds & days like this. Also use a discount house. Pay commission where commission is earned, & pay for transactions where there is no real added value. It takes a few years to do this.

NW



To: S.C. Barnard who wrote (7926)10/28/1997 5:39:00 PM
From: freeus  Read Replies (1) | Respond to of 97611
 
ouch I bought compaq on margin last week at 72 thinking that was low. No money to buy it at 62 or 65!
What happens in a margin call: does the broker let you decide which stock to sell to make it up (assuming you dont want to put in more cash) or does the broker just sell without asking and tell you after?
Freeus