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Non-Tech : Fight The Power! -Your Broker Just Screwed U - Now What? -- Ignore unavailable to you. Want to Upgrade?

To: wallacestevens who wrote (167)	12/16/1998 6:53:00 PM
From: Merg	Read Replies (1) \| Respond to of 323

IOM problem with Schwab. I had a limit 7 5/8 sell order at the close. Multiple trades were executed near close at the price of 7 5/8. The final sale was at 7 9/16 but I did not get filled. Called Schwab...they say what probably happened is that the ASK never reached 7 5/8. The real problem now is that I am glad it did not fill. Heavy buying at the close seems to indicate more upward momentum to come tomorrow. I would like to let my 1K shares run. Can they now come back to me (say 2 days later) and decide that I don't now own the stock because the sell order should have been executed today? What happens if I have bigger profits by then? Somebody "beem there, done that" already? Thanks Merg

To: wallacestevens who wrote (167)	12/24/1998 1:45:00 PM
From: Dave Hanson	Respond to of 323

Waterhouse trade-through-limit/no representation: NITE again? Today I put a 5 9/32 buy limit order for 800 shares SIRN in at 11:27 EST. This made it the best bid for the rest of the day. I wasn't getting represented as new best bid with Datek or Waterhouse RTQ, which seemed odd, but which hasn't stopped a fill in the past when my limited order has been traded through. I wasn't pleased about no representation, but didn't worry too much about it. At about 12:00, the first shares of the day traded hands, including a good chunk at 5 1/4. I figured, I must've been filled on the way down. But nope, not a share. I called my Waterhouse branch, and after 1/2 hour on hold, got a nice guy named Darren from their Atlanta call center. He looked into it, couldn't get an answer from their traders, then called back about 1:20 after the markets closed and said he still couldn't get an answer. He agreed I should have been represented and filled. He also indicated he'd look into the matter. It's not a lot of $ I missed out on, but it's such a blantant violation of the NASDAQ rules on this slow day with a very low volume security that it seems beyond the pale. Thoughts, advice, etc. welcome. TIA, Dave