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John Chamberlin wrote:
>
> I met Don Green while he wasliving in Japan.
>
> I was the Director of Operations, Far East for a
> small manufacturers rep company.
>
> He was a minimum wage sales clerk at the Yokosuka
> Navy Exchange.
>
> His wife is a high producing retail broker.
>
> He represented himself as a retired business man
> living in Seattle ("Bill Gates neighborhood"), with
> 28 years of trading experience.
>
> I don't know Don, I thought he was an idiot when I
> first met him and my oppinion has only worsened.
>
> My point: I have never met a millionaire business
> man with 28 years of stock trading experience that
> accepts a position as a minimum wage payed sales clerk.
>
> John Chamberlin
NW: Oh yea? I bet Niederhoffer would take that minimum wage job now. <G>
Minimally,
Norman
>
> ===
>
> Practice does not make perfect. Only perfect practice
> makes perfect.
> --Vince Lombardi
>
> ---Zephyr <zephyr1@xxxxxxxxxxx> wrote:
> >
> > > Hi Patrick,
> > >
> > > You wrote:
> > > > Don's "questionable" (whether it was or not I
> do not know) trade was
> > > on BA, I believe. BA is not NASDAQ, Schwab cannot
> get any better a
> > > fill than you or I.
> >
> > > I believe that there is a general
> misunderstanding concerning how some
> > >
> > > of these trades work, both on NASDAQ and NYSE
> stocks.
> > >
> > > Likewise, the time reported by Schwab to the
> customer may not be the
> > > time that the trade actually took place, but the
> SEC permits trades to
> > >
> > > be "slipped" in time up to 3 minutes. I know,
> because I have used
> > > another major firm and they sometimes pick off
> parts of my trades,
> > > give
> > > apparent "price improvement", but as I watch time
> and sales the NYSE
> > > trade really takes place in Chicago or Boston
> depending upon the
> > > stock.
> > > If I can save a 1/8 of a point going in and
> coming out, and they make
> > > money, so be it.
> > >
> > > R Tareilo
> >
> > Randy is correct about the above and if this
> alone is the reason that
> > Green
> > got kicked off this list them the list operators
> need to rethink
> > justification.
> >
> > Zephyr
> >
> >
>
> _____________________________________________________________________
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