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Technology Stocks : Smart Modular - diamond in the rough? -- Ignore unavailable to you. Want to Upgrade?

To: shane forbes who wrote (1476)	5/27/1998 12:53:00 AM
From: Analog Kid	Read Replies (1) \| Respond to of 2020

Yeah, I was thinking the same thing....something more to the story? Shane, why don't you ask one of your Forbes relatives if this is legal? <ggg>

To: shane forbes who wrote (1476)	5/27/1998 2:41:00 AM
From: Craig Freeman	Respond to of 2020

Shane, it's legal. Your brokerage agreement is the governing document and it probably calls for zero notice. This is necessary to protect the brokerage firm from losses in case the stock becomes a falling knife while you are on Safari in Kenya. You might want to read your agreement for other traps, such as this one that caught me at Fidelity. If you have in-the-money call options on expiration Friday and don't execute a sell order, your broker may automatically exercise them, then sell the new shares at the Monday morning open. You get hit with two sets of "undiscounted" commissions and incurr the risk of market open pricing. Despite doing all of my trading on-line, the transaction didn't appear on my computer screen until the following Tuesday. By the time I discovered this, I owed hundreds in commissions and the stock (which I no longer owned) had risen in price. Craig