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.

Non-Tech : E*Trade (NYSE:ET) -- Ignore unavailable to you. Want to Upgrade?

To: Oeconomicus who wrote (2898)	5/8/1998 12:21:00 PM
From: Patricia Meaney	Read Replies (1) \| Respond to of 13953

Bob: I never knew that they had this problem. I guess I can consider myself lucky that this was the first time it happened to me. Now why does it happen sometimes? I'm wondering if it has anything to do with the fact that I purchased the 600 shares in two different lots and previously sold some other shares prior from the first lot. Anyways, why is it taking them so long to fix it?

To: Oeconomicus who wrote (2898)	5/13/1998 9:15:00 PM
From: Bikergirl	Respond to of 13953

Re:"Patricia, that "glitch" has existed for months. Lucky for us, they don't reject orders based on it (so far, at least). This "overcommitted" message doesn't actually cause your order to be rejected, but it does cause your order to be delayed. If their computer thinks you are selling more shares than you have, it will give you that "overcommitted" message, even if you do actually have enough shares in the acct, and no other open sell orders on that stock. If you go ahead and send the order, it will have to be reviewed by one of their brokers. Your order will be delayed 1-5 minutes(or more if their system is messed up), and if you are trying for a limit order, you could miss the market.