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

To: big guy who wrote (11536)	12/14/1997 7:57:00 AM
From: Ob C Qwe US	Read Replies (1) \| Respond to of 94695

Well, since you addressed your query to me, I'll tell you my experience. I have Eschwab. Owned mucho AOL puts during October "whateveryawannacallit" Puts worth great $$$. Couldn't get through. By the time I could get through, several hours later, puts worth about 35K less. ouch. held onto 'em and a few days later sold 'em for about 50K more. Un ouch. Fate was good to me, Eschab wasn't. About the best suggestion I've heard is to have an online broker you can physically get to in a reasonable amount of time, knock down all the little old ladies standing in front of you, (apollogies in advance to offended lol's), Belly up to that counter, and PUT THAT ORDER IN. And you don't care if their server's down, maybe take a tape recorder with you. (Sorry, that's the lwyr in me) Unless you're in a city, (I'm not) seems like there's no good answer. I don't think ANY of the onlines have sufficent capacity to handle a rush like in October, and I'll bet none of 'em upgraded enough to handle Monday's.....(oops, did I say Monday, I should qualify that to Monday or Tuesday's, perhaps as late as Wednesday..., but BWDIK and all that stuff, GGG),

To: big guy who wrote (11536)	12/14/1997 2:52:00 PM
From: Jack Clarke	Respond to of 94695

RE: Brokers you can get to in fast market conditions, for options (especially, but also for stocks), I have had first or second ring answers from my broker for years, and quick fills -- even on "Grey Monday". They are ED & F Man in Chicago (800-437-8709). I don't know of any on line trading which would be trustworthy, especially on a big down day. Hope this helps. You may e mail me for any other info if you wish, or post it for all. Jack