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Technology Stocks : Check Point Software (CHKP) -- Ignore unavailable to you. Want to Upgrade?

To: Craig Kaltner who wrote (2558)	5/13/1998 11:48:00 AM
From: Rashley	Read Replies (1) \| Respond to of 7150

Buy 5,000 MKT DAY 05/13/98 at 10:37:00 ---- Bought Partial Fill 900 31 13/16 ---- 05/13/98 at 10:38:00 ---- Bought Partial Fill 100 31 7/8 ---- 05/13/98 at 10:38:00 ---- Bought Partial Fill 3,000 31 7/8 ---- 05/13/98 at 11:13:00 ---- Bought 1,000 32 1/16 -- 05/13/98 at 11:13:00 ---- Status: Closed Spec. Cond: None I think the day-traders refer to this as 'bait-and-switch'. From what little I know about it, it's a very common occurance and it was the reason be3hind the formation of the Small Order Execution System (SOES). With SOES, for trades of 1000 shares or less, the market maker is obligated to make the trade at the posted price for the entire amount. Someone who does day trading for a living would be able explain it. You might post a question over on a day trading thread. RA

To: Craig Kaltner who wrote (2558)	5/13/1998 7:37:00 PM
From: P.M.Freedman	Read Replies (1) \| Respond to of 7150

Disputing your 5000sh order may be a waste of your time. All of the prices you paid were below $32 1/16. I won't say the deals bad. I recommend you to treat these 5000sh as your sleeping beauty. When she wake up she will be kissed by her prince named $$$$$$. You'd better let her be sleeping for at least 18 months. Otherwise, the name of the prince may only be $$ or $$$. Carry over your shares to your new broker who you like. All of brokers are wizards. But if you want your beauty to meet the prince $$$$$$, the wizard supposes to be there. :-)