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Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?

To: Craig Richards who wrote (3071)	5/20/1998 11:31:00 PM
From: doniam	Respond to of 4969

Good post Craig...Thanks -Don

To: Craig Richards who wrote (3071)	5/21/1998 12:56:00 PM
From: Stoctrash	Read Replies (2) \| Respond to of 4969

Craig ...did the BID get to 66? I might have only gotten to 65 7/8-66 1/2 or similar... Just because the ASK hit 66 1/2 don't mean you should have been filled. Good luck. fred

To: Craig Richards who wrote (3071)	5/21/1998 2:20:00 PM
From: ratan lal	Read Replies (1) \| Respond to of 4969

Craig I have had similar problems E* trade, but didnt have the patience to follow thru like you have. My most recent, where we have traded 4 e-mails, has to do with a market order to sell Pfizer that was trading at 115 5/8 and PUTS on Pfizer that were sold 2-minutes later. They executed the Pfixer order at 115 1/8 about 3 minutes later. Their first excuse (in writing) was that they had to buy back the put first so as to not leave a naked PUT position (as you knwo a put does not protect the underlying stock). Their second excuse was (the guy that wrote the first letter did not know what he was saying) that the order was executed in 3-mins which was right for that stock on that day . Unbelievable that an actively traded stock like PFE would have taken 3-mins. I have asked for arbitration. They said that they would look at it in more detail. Havent heard anything yet since May 12, 1998. Your post has given me the encouragement to follow thru on my complaints. Could you post (or e-mail) the name and tel# of the NASD attorney and the address where you filed the complaint. Thanks Ratan