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

To: steve goldman who wrote (3127)	5/30/1998 9:11:00 AM
From: steve goldman	Read Replies (1) \| Respond to of 4969

** Chat Session - I discovered that you can't have the Screencams running in anything less than full screen, so it will be difficult to have the screencam run while I comment and critique it in the chat site at the same time. Thus, I suggest the following: 1st) download and watch the screencam a couple of times, preparing any questions or issues you have (we should all be upto speed on the cam's action). 2) I have prepared 7 GIF images which are 'snapshots', static screenshots of the Screencams at critical points. I suggest that everyone download these 7 files (as well I placed a zipped file which has all 7) as THESE can be brought up via. a second instance of your web browser (File->New Window) or a graphics images view. I also create 7 html files that simply present the images. The 7 individual images and the zip file of the 7 can be found at yamner.com. The Lotus Screencam can be found at yamner.com The Chat Session, this Sunday May31st, at 6pm, est will analyze the market action from the Screencams and images. Register for the free chat session at yamner.com Regards, Steve@yamner.com

To: steve goldman who wrote (3127)	6/2/1998 6:54:00 PM
From: ZJOHN	Respond to of 4969

Hi Steve, I was wondering if you could explain to me what is happening to the stock PLC. The stock keeps going lower and I don't understand why. If you have any idea as to why this is happening can you please explain it to me, if not thanks anyways. Zjohn

To: steve goldman who wrote (3127)	6/2/1998 7:20:00 PM
From: Steven Bowen	Read Replies (1) \| Respond to of 4969

Steve, I had an odd problem on an option trade today and was hoping you'd give me your thoughts. I entered a limit order to sell 20 contracts of a put at 8 when it was quoted at 7 7/8 by 8 1/8. Subsequently the stock drifted a little lower, and the put bid rose to 8. My broker admits that there was a good bid of 8 for at least 9 minutes, but I didn't get a fill (immediately after this, the stock took off and rose 30% and the put fell to 6, which would have given me a quick $4000 profit). I've complained to the broker, and of course gotten the run around and a lot of excuses. The latest story is that the order was routed to the AMEX, but the best bid of 8 was coming from the Pacific. I'm told that the AMEX market maker was under no obligation to either fill me at the Pacific quote or to route me to the Pacific. Apart from being handled poorly, was my order handled legally? And where does the fault lie, with my broker, or the AMEX market maker? Would you say I had grounds to file a complaint? It seems there should be some rule which says a AMEX trader can't hold an order if a better quote is coming from somewhere else, but apparently he can. Thanks, Steve