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Non-Tech : CYBERTRADER -- Ignore unavailable to you. Want to Upgrade?

To: steve goldman who wrote (378)	4/23/1998 9:10:00 PM
From: William W. Dwyer, Jr.	Read Replies (2) \| Respond to of 3216

Steve, If you are commenting on shorting with CyBerTrader, I think the discussion was actually about the events yesterday where M.B. clients were called about their shorting. It was not about CyBerTrader at all, rather problems or misunderstandings with M.B. clients. CyBerTrader seems very conservative about shorting, very particular about following regulations. That's why their short list is, shall I say, rather short. Thanks for your input! Bill Dwyer

To: steve goldman who wrote (378)	4/24/1998 12:18:00 AM
From: Darren	Read Replies (1) \| Respond to of 3216

"Blame yourself for market losses." How come every time you post something you post this with it? For some reason I place this in the "Duh!" category and find it somewhat condescending...I blame myself for my own losses, I blame the market for market losses...

To: steve goldman who wrote (378)	4/24/1998 9:00:00 AM
From: Stryker	Read Replies (1) \| Respond to of 3216

Steve, Im usually pretty quiet around here, but I feel it is necessary to respond to your post: "Careful with Cybertrader...if they were shorting and didnot have stock available, as was with the case with KTEL, they are probably not too far from getting shut down by the NASD. A firm has the obligation to affirmatively determine if the client is long, if not obtain stock for borrowing....short without it, and the NASD comes down on you." The situation you are referring to involves MB Trading - NOT CyBerBroker or the CyBerTrader software. The method, rationale, and procedure used by CyBerBroker in processing and affirming its short sales are well known by the NASD, and are included in our regulatory filings there. Also, as far as I can tell, the exact circumstances surrounding the KTEL situation with MBT are not known (at least by me). All I do know is that MB Trading appears to be a class act and are worthy of the praise that they receive. Again, nothing herein is intended to stir up any further issues, however, when regulatory issues are brought into this forum it is my duty to respond. Slipping quietly back into the lurk... Mark K. Stryker President/ CEO CyBerBroker, Inc.