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Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?

To: Robert Cohen who wrote (4449)	4/13/1999 8:44:00 AM
From: compradun	Read Replies (1) \| Respond to of 4969

Bob - That kind of assumption is very risky indeed. Take it from someone who has sold something twice resulting in a short sell violation.

To: Robert Cohen who wrote (4449)	4/16/1999 9:43:00 AM
From: steve goldman	Respond to of 4969

Isld did go down. It goes down often. Just like any other technology, it is subject to failures. Heck, our online account balance system went down for a day...thats tech. You do the best you can but you're relying on a chip. It can be done but you should have a backup. When you saw your bid drop, and no fill, you shouldhave cancelled and replaced and placed it elsewhere on a differenc ECN, perhaps REDI. No recourse imo. steve@yamner.com

To: Robert Cohen who wrote (4449)	4/18/1999 5:05:00 PM
From: Mark Davis	Respond to of 4969

Another wonderful example of how , on Wall Street, the customer assumes all the systemic risk. How nice for the brokerages. How did that happen? Is this fair, or even reasonable? I don't think so, but it's the status quo. Maybe the next great online PR battle will be the brokers that are willing to stand behind their promises to execute customer instructions without fail, and without excuses. Sure that will cost them some bucks now and again, but they would probable get so much business it would compensate in spades. As is stands, there are altogether too many glitches, screw ups, failures, and a free $9.95 trade doesn't cut it.