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To: David S. who wrote (47284)	2/5/1998 7:43:00 PM
From: Diamond Jim	Respond to of 186894

RE: You say hitting the 90 price probably triggered a ton of GTC stop orders that "once activated remain active even if the stock subsequently falls back below $90." I presume you mean "sell" orders, but more important, could you confirm that this means after $90 is hit, the GTC sells are executed even if they get a lot less than $90 as the selling price. Since there was a drop of about 3 points, does this mean many got about 87 instead of 90? _ Possible unless it was a sell stop limit order at 90 and in that case they get 90 or it doesn't sell. jim

To: David S. who wrote (47284)	2/5/1998 11:09:00 PM
From: Barry A. Watzman	Respond to of 186894

>re: "Barry, You say hitting the 90 price probably triggered a ton of GTC stop orders that "once activated remain active even if the stock subsequently falls back below $90." I presume you mean "sell" orders, but more important, could you confirm that this means after $90 is it, the GTC sells are executed even if they get a lot less than $90 as the selling price." Actually, I think I got this wrong, I was thinking of a stop order, but that would work differently. Please disregard that portion of my post.