Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Michael Ohlendorf who wrote (3095)	3/16/1998 6:32:00 PM
From: Ajay	Respond to of 6317

the tactic is to stall and lie until you go away. If you don't go away they will have to 'fess up. As to talk to the manager and if s/he railroads you keep going up the ladder and then write a letter stating that a copy will go to SEC. It's not a lot of money but it;s the principle of it.

To: Michael Ohlendorf who wrote (3095)	3/16/1998 7:00:00 PM
From: contax	Respond to of 6317

Michael, Regarding your problem with Paine Webber, you can demand and they are obligated to provide you with "time and tape" (or "time and fill") for the day in question. Commit those words to memory. That is a record of ALL trades made in that Option (stock) for that day. You can then easily figure out if your order was filled or not. Maybe our resident Pro, Muhney can add some more info... Hope this helps, Karim

To: Michael Ohlendorf who wrote (3095)	3/16/1998 7:16:00 PM
From: AlienTech	Respond to of 6317

>>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 ? << You need level-2 with time/date to get that info but here look at this chart and see theres any sales at that point. Could be hard to find but the volume will show how many shares traded at that time.. ENTER THE OPTION SYMBOL.. Not the stock simbol if you want to see the chart for the option.. quote.com

To: Michael Ohlendorf who wrote (3095)	3/16/1998 8:13:00 PM
From: Rich Uncle	Respond to of 6317

Tell your Paine Webber broker that you want a printout showing 'time and tape' which should provide evidence as to whether or not you are entitled to a fill on your order.

To: Michael Ohlendorf who wrote (3095)	3/16/1998 8:54:00 PM
From: WTMHouston	Respond to of 6317

Michael, unless the time and sales data shows that the ask dropped to or below your limit price, you are going to have a hard time....I do not think it will be enough that there were other trades at 6 3/8 unless you are able to demonstrate that your limit order was in line in front of them....which may be very hard to do. That said, the word that they hate to hear is "ARBITRATION." Take a look at your written agreement with them (and if you don't still have it get another one). It will tell you what steps to take. I would start threatening it right away and you should definitely move up the chain of command, whenever someone tells you no. Finally, to the extent that you have any damages, you must mitigate them. If I were PW, my position would be that your damages are limited to what you could have bought the same option for at around the same time that you discovered that the trade had not been executed. If you thought/think it was a good trade, you should still do it...If you fill the trade now at a higher price, you damages are clearly defined...If you fail to pursue the trade, your damages become speculative because there is little if any way to tell what your loss is because you will never have a real closing position. They are not likely to agree to give you your full measure of damages, up front, if at all - whoever said they would stonewall is correct. They will likely look to compromise and probably by adjusting or discounting past or future commissions. My guess, and that is all it is, is that the call was recorded...they do it as much for their own protection as yours. These things happen from time-to-time. They are in an evaluate and damage control mode - you should be too. Hope some of this helps. Troy