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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Hans who wrote (13108)	10/29/1997 11:53:00 AM
From: Bart	Read Replies (3) \| Respond to of 50167

Thanks Hans!-I had sold a 1000 shares of klic on monday after the market opened the second time that day. I used a market order and it was never confirmed..they were sure it was just a reporting problem but 24 hours later they cancelled the sell as it had rebounded and it never was executed!-That screw up messed up my ability to buy other things to capitalise on yesterdays rebound!-I found out that I never got filled on some VRTS calls that they called the exchange to confirm They got the order for. Yesterday it was confirmed but they could not give me a price. Based on that they would not let me buy INTC calls that doubled in 10 minutes after share buy back was announced. this morning schwab calls and says I never got the vrts calls that when I changed the market order 20 minutes later that they cancelled the order!- 2 weeks ago they failed to fill me on some oex puts that went aginst me and when I brought it to their attention the next day they made me buy them the next day because it is their policy on all market orders that they have to be filled.I bought them and sold them simultaneously just to fulfill their requirment and I ate the commission and the spread!-Now suddenly they say that yestyerday was an unusual day and they do not honor my market order. I question their ethics and feel I was wronged in a big way. Last summer I tried to sell a ton of wdc at the bid 2 minutes before the market closed and those did not go through. wdc missed their number by 2 cents and I got 50k less the next day for those calls!-I feel like schwabs poor execution or no execution has cost me 100k mimimum in the last 6 months!-Instead of having a profit in my portfolio I have 50k loss for the year!-This just does not seem right and I feel like they are playing by rules that fluctuate to fit there bottom line!