To: PAL who wrote (3000 ) 1/12/1999 9:46:00 PM From: Sharon L. Read Replies (4) | Respond to of 5102
PAL...yes...I appreciate your post. I have a question though. Last night..the 11th I edited my sell order of 500 shares of dbcc at 48 to 500 shares at 45. I received an e-mail saying the offer was pending and to check with my broker to verify. The next morning(about 10 minutes after the open) I turned on my computer and checked my email and there was a message there saying my edited change from 48 to 45 had been rejected and I should check with my broker. (Ziegler) Well, I hurried up and put through the change..it went through..no problem...but this was about 10 minutes after the market opened. Naturally, the price was already below 45 at that point. However, the high price for the day showed up on SI and Yahoo as 50. I sent an e-mail to Ziegler and they said the high for the day had never gone above 46 1/8. I have never seen this before. Do you or anyone else know why that may have happened? At the beginning of the year, Ziegler customers executed a new document saying they would hold Nasdaq harmless for any errors, so I assume there is no recourse on this. Assumption of the risk. :)..not detrimental reliance. I continue to have my bid in for a sale of 500 at 45. I was trying not to over react, as I have in the past....to sell when I saw this sort of thing happening. The reason I thought it best to stand firm this time, was in the past, the price has always gone back up and way up! I honestly do not know what to do. There is considerable hyping on the board from shorts telling everyone who has not sold that they are stupid and screwed, and then there are the longs who say to hang in there, to be patient and things will improve. I am tempted to sell everything tomorrow at 34 and call it a day. :) Does anyone have any suggestions or thoughts about what a realistic outcome may be? I realize this will just be your opinion. I am just looking for non-hype. Thank you all again so much. :) Sharon