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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Sam Citron who wrote (32495)	9/10/1998 5:23:00 PM
From: Knighty Tin	Respond to of 132070

Sam, I remember. I was a customer at Walston & Co. But lower order flow was not why Perot lost his shirt. It was because they slickered him on the quantity and quality of their assets. Turns out they were racing the same securities from vault to vault to impress Ross, and he fell for it. Also, everyone had to wear a white shirt and get a crew cut, and that made the best brokers move on. I don't remember volume back in the early 1970s. I do remember 40 and 50 million share days in the early 1980s. When I hear somebody say 600 million shares is a light day, I have to chuckle. Brokers still earn money the old-fashioned way: they churn it. <G> MB