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Technology Stocks : Jabil Circuit (JBL) -- Ignore unavailable to you. Want to Upgrade?


To: Ajay who wrote (3092)3/16/1998 6:10:00 PM
From: Michael Ohlendorf  Read Replies (5) | Respond to of 6317
 
Thanks Rosemary and Ajay for your recommendations and encouragements. So good that there is SI and the Internet and you can talk to other people that have made similar experiences. It sure is not a very good feeling I can tell you to sit in Europe and talk with brokers in Chicago about misreported trade confirmations (- to say it again on Friday a Paine Webber broker told me I was filled on 2 March Jabil 35 calls at 6 3/8 after 3:05 p.m. ET. On Monday it turns out that this broker quit his job at PW on the same Friday afternoon and I did not get filled on my trade. This was revealed quite by chance when I wanted to discuss my positions with another PW broker. If I would not have asked for his opinion about my positions I would have believed all the way through JBIL's earnings announcement that I am long the calls).

I just finished calling Paine Webber again and the broker I was talking to all Monday told me that the desk that handles arbitrations is already closed and that I should call again tomorrow (on Tuesday). I asked him if they do not record telephone conversations at Paine Webber. He told me that he would do but was not sure if the trader that obviously misinformed me on Friday did. Does anyone believe this ? I was always assuming that every trader at Paine Webber has to record client conversations and that it is not up to the particular trader to decide if he records or not. Also there apparently is no way to talk to the broker who misinformed me since he quit his PW job on Friday afternoon and is now on vacations in South America (sounds pretty strange doesn't it ?).

Did anybody see or has printouts if there were trades on the Jabil Circuit March 35 calls (JQBCG) going through at 6 3/8 between 3:05 p.m. and 3:30 p.m. Eastern Time on Friday, March 13 1998 ? Or is anybody able to figure this out or direct me to a Website where I could look this up ? When I called Paine Webber at 3:05 p.m. on Friday the March 35 calls were trading at 6 1/8 Bid to 6 5/8 Ask and I placed a limit buy order for two contracts at 6 3/8. The common stock quote was 41 1/8 at that time. Unfortunately I did not go to the CBOE Website to print quotes out after having placed this trade which I normally do.

Rosemary was suggesting to ask the Chicago Board Options Exchange for quotations. Does this work by email too - as I said I am sitting here in Europe - and do you have an email address or telephone number ?

Thanks in advance for any help in this matter.

Michael

E-Mail: ohlendor@ruf.uni-freiburg.de



To: Ajay who wrote (3092)3/16/1998 6:31:00 PM
From: Rosemary  Respond to of 6317
 
Ajay,

I only asked my broker to take off a commission for the wrong sale.
They didn't. Adios. So did they win? I'm history now.