Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: Trey McAtee who wrote (55645)	10/16/1998 1:20:00 AM
From: Elroy Jetson	Read Replies (1) \| Respond to of 58727

Payments being delayed after the Settlement Date? That certainly doesn't sound good. I don't think that's allowable under T+3 rules I'm familiar with. What firm might that be? There's insurance for up to $25 million or more for Securities, but only $100,000 for Cash. Sounds like 1987. Which firms went under back then... was it Bache?

To: Trey McAtee who wrote (55645)	10/16/1998 1:45:00 AM
From: Stephen	Read Replies (1) \| Respond to of 58727

Trey, on one of the visits to the floor that CNBC makes, I recall the trader mentioning that the main worry overhanging the market was something in the woodwork. He then referenced a rumour about an 'electronic trading firm'. This was the day before yesterday I believe. I'm sure somebody else must recall this, though nothing more was said, and at the time I thought it strange that such a specific item should be mentioned. Good luck all Stephen