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

To: Mohammed U. Karkanawi who wrote (60935)	5/27/1999 5:59:00 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

MUK, Glad to hear from you again. If the stock traded, during regular trading hours, at 53 3/16, your bid should definitely have been hit in a specialist market. In other words, why would a seller sell at 53 3/16 when you had a 53 1/2 bid out there? Their comment that they only trade on the NYSE sounds disingenuous to me. Are they saying that it never traded under 53 1/2 on the NYSE? Doesn't sound right. I am not hot to trot on AT&T. IMHO, they are buying a bunch of speculative cos. in areas that may or may not come true. Their record of buying cos. has been horrible in the past, buying the top and selling them back at the bottom. At 23 times eps, I think they are a fair holding, but not a great one. Don't get me wrong. I wouldn't buy puts on them. I just don't think there is much upside left here. It is not a very exciting co. and the market has treated it well in the past 12 months.

To: Mohammed U. Karkanawi who wrote (60935)	5/27/1999 7:56:00 PM
From: bill meehan	Respond to of 132070

MUK: Low of the day on the NYSE was 55-11/16

To: Mohammed U. Karkanawi who wrote (60935)	5/28/1999 3:40:00 AM
From: Merritt	Read Replies (1) \| Respond to of 132070

Mohammed: You'd need a print out of all the trades that occurred, and where they occurred. It's possible that the low trade(s) took place on the Mid-America network, or some such other. Just because a stock is NYSE listed, doesn't mean that's the only place it trades. Sometimes, a broker will leave a low-ball bid on an off-floor exchange, and if you don't have a broker that's looking out for you <ggggg>, and place a market order, they just go with what's easiest (or perhaps who they have a reciprocal trade agreement with <ng>). If you (strongly) request it, your broker will provide you with such a printout. If they refuse, the SEC will see to it that they do...or at least that's what I found to be the case when I had such a question. Maybe not this time, but in the long run, I think you're better off with a broker that only trades from the NYSE floor...there's less chance for abuse. That is if there really is such an animal...personally, I think that statement of Accutrade's only applies to their retail customers.