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Strategies & Market Trends : APMP (formerly APM) -- Ignore unavailable to you. Want to Upgrade?

To: WTMHouston who wrote (10848)	4/22/1998 12:30:00 PM
From: Rudy	Respond to of 13456

Lot's of problems here too Troy. I use National Discount Brokers, I think an affiliate of DLJ(?), and they were not updating confirmations for the first 3 hours :-((( Like flying blind! I did not know either the trades were executed or not. Hours later I found that some shares executed like 1/2 point below the bid at the time!!! Son of a $^%$@#! I sold 1/3 of my JBRD (1000sh) at 1-1/2. Holding the other 2000. NAVR turned sour like most other Internet speculation. I am glad I got rid of it yesterday. I think CNBC's campaign to stop this mania started to work and people are cooling down a little. However I think they will be back. Most people are not badly punished yet! So they will be back to try again. You know like a kid near a stove. Until the hand gets burnt severely, kid does not learn to stay away! :-) I should have closed my NAVR for the contest. I was going to but forgot dealing with real trades yesterday. It was a very busy day!! Anyway maybe I close it today, have not decided yet. Good luck all.

To: WTMHouston who wrote (10848)	4/22/1998 3:54:00 PM
From: Rudy	Read Replies (2) \| Respond to of 13456

Troy, please close both my holdings at today's close. Thanks. eom.

To: WTMHouston who wrote (10848)	4/22/1998 5:51:00 PM
From: LK2	Read Replies (1) \| Respond to of 13456

Troy, not sure what the rules are, and how they are applied, but if you only sold 10,000 shares of JBRD or less, you might be legally entitled to a better price than you got. You need to check with someone who knows what the rules are, and how they apply to your specific situation. The general rule I'm thinking is that market makers have to honor their bid and ask for a minimum size.(Does that apply to BB stocks--I don't know). The other rule is that most electronic brokers say they will get you a trade that matches the best quoted price available (that's not really a rule, but what the brokers advertise). So like I say, you need to check with someone who knows specifically how the rules work and what they mean, but it sounds questionable whether you should have been filled at 3 different prices on a fairly small order. Was that legal, or reasonable, and do you have a legitimate gripe? Regards, Larry