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To: LzzrdKing who wrote (4003)	5/6/1998 8:20:00 AM
From: steve goldman	Read Replies (1) \| Respond to of 12617

Lizzard, out of nowhere, again... I find your twisting of language totally inappropriate. I never stated anything close to the fact that anyone did not 'obey' a customerorder, nor was the word excuse ever mentioned. The client was informed of the position, given the recommendation to let us work the order, which the client agreed to, for which the client got a 3 point price improvement. A good move. As the client if he minds the 3 points. As to ENMD doing what it did, what the heck is a wholesaler? I think those are they guys down at the docks who sell can openers out of their trucks. I think you mean to say market makers or third market makers. Instintet by the way is a fourth market maker. As far as the "wholesaler putting large bigs on instinet before the open, not getting filled on much and running this thing higher', I didnt understand what you were referring to. If you meant that market makers bid the stock higher in anticipation of filling open market orders at the days high, shorting to the retail order,then covered as the stock fell apart, that is exactly how they play the game. BTW..there is an investigation today about the executions and late prints regarding that stock from the past few days' action. LEts see what comes of it. -Steve

To: LzzrdKing who wrote (4003)	5/6/1998 1:00:00 PM
From: Robert Graham	Read Replies (2) \| Respond to of 12617

There is a term that is used for an order that is placed with a broker that allows for some discretion on the brokers part. I do not remember this term off-hand, but I have come across it multiple times before. From what I can see, this is a SEC "legal" type of customer order which has its place. I am surprised you have not come across it before. Do not forget the arrangement some brokers have with their clients where they are given full discretion by the customer in their managing of the customer's money with respect to making the entire buy and sell decisions on the stock that is traded with the client's money. Is this an issue driven post of yours, or are you attempting to make a contribution by being informative? Hmm...aren't you the one who on his thread challenged Jeff Cooper to a duel in trading? I think I am starting to see a pattern here. I do not think your post to Steve really had anything to do with him "mishandling" the customer's order in an unprofessional and even illegal way, an act on his part that needs to be turned in to the SEC, which is what you implied in your previous post. Sincerely, your posts are starting to come across rather obtuse, Lizzard. This does not represent you well. Why not take your individual success at trading as evidence enough of your trading prowess and leave it at that. Why do others need to be challenged and invalidated in the process? Bob Graham PS: I know this is going to get me some flack...oh well! I juts cannot see a person like this invalidating others like Steve who are very knowledgeable and have contributed allot to others here at Silicon Investor.