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


To: Arrow Hd. who wrote (5798)3/6/1998 5:59:00 PM
From: RagTimeBand  Read Replies (1) | Respond to of 7685
 
Arrow Hd.

>>Another troubling development is that an associate of mine says that a major broker he deals with will only take "unsolicited" orders for SYQT and if a rep has more than a couple they cut him off. Supposedly the broker has too much SYQT in house (street name) and does not want any more for exposure reasons. Doesnt help liquidity or volume.<<

Sorry to say I don't understand what you're saying. If you'd be willing to answer a question or two:
You say:
1) >>...only take "unsolicited" orders for SYQT...<< That sounds like they are taking orders from a buyer. Do you mean they'll only take "unsolicited" orders from someone who wants to sell?

2) >>and if a rep has more than a couple they cut him off.<< More than a couple of what?

3) >>Supposedly the broker has too much SYQT in house (street name) and does not want any more for exposure reasons.<< My SYQT held for me by my broker and is in street name but it's paid for so my broker has no exposure.

TIA - Emory