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To: Robert Duncan who wrote (10526)	7/15/1998 9:01:00 PM
From: PblcSrvnt	Respond to of 164684

Robert, Simply put, they are all crooks--they don't have your best interests at heart. I have had several bad fills with Etrade; have had market orders EXPIRE!!! In your case, you are talking about a reasonable amount of money that might not be recovered given two days to expiration. Call them back and file a trade dispute. Don't let them put you off. Persist...they have many rookies working there that don't even know, for example, what a spread is. If they tell you you can't file a trade dispute, ask for the next level of management, etc. etc. If no result, Call the SEC and file a complaint. Lee

To: Robert Duncan who wrote (10526)	7/15/1998 9:03:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 164684

>>>>Robert (the literally at this point poor college student)<<< Robert, #1 most option players lose, just like Vegas. #2 discount brokers are not known for timely or accurate fills. #3 don't play with non risk capital. #4 AMZn is going DOWN, was recently 1.5 x the market cap of United Airlines, timing is the question. bb

To: Robert Duncan who wrote (10526)	7/15/1998 9:16:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

Anyway, is this sort of thing normal? Etrade has done this to me before, but never with an execution this late (1 1/2 hours) at a price much higher than I ever intended to pay! It is just ridiculous that this happened - but my question is is Etrade responsible for this or can trades really take 1 1/2 hours to fill??? (At, I might add, a price that just happened to be the HIGH during that time period) If any of you have some advice for me I would appreciate it - maybe I am doing something wrong?? Robert, It is true that discount brokers are not known for good fills. There is another issue also. The SEC requires that the option trader immediatly execute a market order for the first 10 contracts or less at the current market price. One you place an order for 13 contracts, the option trader is not required to do an immediate fill. I know that does not help your situation. For the future if you want to do more than 10 contracts, do 10 and then the rest as a separate order. I do that all the time and execution is immediate. Glenn

To: Robert Duncan who wrote (10526)	7/15/1998 9:36:00 PM
From: Timoteo	Respond to of 164684

Robert- I got screwed by Discover (Lombard) yesterday trading ZAP. Placed a 1000 share buy @22 7/8 at 9:35 a.m. Didn't like the price movement and cancelled. Got a pending and then a confirmed cancel. Cancel was still on my view orders @ 3:00 when I noticed my margin account up $20K. Checked, sure enough. order filled. Had gone up past 24 (my original target) and was now in the 21s. Called and got no sympathy-cancel doesn't mean cancel unless you get a verbal from a broker. If I wanted to talk to a broker why would I trade on the net! Cost me a $K and I'm a school teacher. Caveat Emptor. I'm changing to Suretrade after I close my AMZN short. If I'm going to get shi%%y service, I might as well get it for $8 instead of $20. Best Wishes, Timoteo

To: Robert Duncan who wrote (10526)	7/15/1998 9:40:00 PM
From: put2rich	Read Replies (1) \| Respond to of 164684

Robert, never never trade at market except a stock is dead spread is real small and number of shares small. Yesterday I lost 400+ precious dollars for a market trade on Datek. I swear myself never a market even in a rush. Good luck

To: Robert Duncan who wrote (10526)	7/15/1998 10:28:00 PM
From: Tom D	Respond to of 164684

Robert: 2 suggestions. First, you might consider posting your experience on the SI Discount Brokers Hall of Shame thread. Both to warn others, and to maybe get some help. www2.techstocks.com Second, Does anybody on this thread who has level 2 quotes have access to ALL trades of Roberts option (ZQNSB) for today? If you do, I think it would be helpful to him if you could print out all the trades and arrange by private message to fax them to him. I have level 2 quotes. While they show me every single trade of AMZN today, my level 2's do not give me this information for options (or I don't know how to retrieve it). It would be quite satisfying if somebody could supply Robert with this info so he could burn ETrade's as with the SEC. But documentation is crucial in this kind of crusade. Best Regards, Tom D

To: Robert Duncan who wrote (10526)	7/15/1998 11:08:00 PM
From: genek	Respond to of 164684

I had a terrible experience with Etrade today. As I mentioned before I am a university student (in computer science) and use the money I save from consulting work with Windows NT to play the market. This morning I had some free time and figured I would give a quick in and out trade with options on AMZN a try. Here's what happened: Robert, A lesson that I've learned regarding online trading, regardless of whether it's stock or options, is ALWAYS USE LIMIT ORDERS. My AMZN option trades were during the runup to 130 -- the volume was dizzying, the spread was outrageous and widening, and trades took 1-5 minutes to get filled. Worse, I encountered a glitch with Scottsdale Securities trading system, where my sell order got glitched, and for awhile, it looked like I had sold naked calls! Aiyee! Limit orders won't make your orders go through faster, but it does cap your exposure. Best of luck in your future trades, and I hope this post doesn't sound too pedantic. :-) Good luck, Gene

To: Robert Duncan who wrote (10526)	7/16/1998 1:00:00 AM
From: Gary Korn	Respond to of 164684

I put an order in for 13 July 110 puts at market. Robert, In the future, try to use limit orders whenever possible (particularly when opening up a position and when trading in a highly volatile stock like AMZN). Gary Korn

To: Robert Duncan who wrote (10526)	7/16/1998 3:13:00 AM
From: H James Morris	Read Replies (1) \| Respond to of 164684

Robert< maybe I am doing something wrong??> Yes, only put in Limit orders.

To: Robert Duncan who wrote (10526)	7/16/1998 6:13:00 PM
From: Olu Emuleomo	Respond to of 164684

I had a terrible experience with Etrade today. As I mentioned before I am a university student (in computer science) and use the money I save from consulting work with Windows NT to play the market. This morning I had some free time and figured I would give a quick in and out trade with options on AMZN a try. Here's what happened: Robert, this is a case of you get what you pay for. The service at some of these 'discount' brokers can be abysmal! (I know, I use Ameritrade) My solution is to use limit orders, that way you dont get gyped! --Olu E.