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<DIV><FONT face=Arial size=2>Thats what happened, when filled the cancel
dissappeared, an accident I am sure.</FONT></DIV>
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style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
<DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
Ira Tunik </DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A
href="mailto:realtraders@xxxxxxxxxxx";
title=realtraders@xxxxxxxxxxx>realtraders@xxxxxxxxxxx</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Thursday, October 12, 2000 11:27
AM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> Re: [RT] S&P Disaster
trade</DIV>
<DIV><BR></DIV>IF you have a cancel confirm, you are out of the trade.
Ask for the time stamp on the trade and then compare it with the time stamp on
the cancel confirm. One way or the other, you are entitled to an out or
an adjustment. If you received the cancel confirm before the trade
confirmation, it is the brokers problem, not yours. I hope that this
wasn't electronic and that you have a record of each event and the times that
they occurred. Proof is what it takes. Somehow, proof seems to
disappear in electronic trades when it is to the brokers advantage. good
luck. Ira <BR>
<P>Sean Cassidy wrote:
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<FONT face=Arial><FONT size=-1>Had a trade go wrong and wonder if I should
do anything. I placed a limit buy for 138050 on the emini s&p when
the market was at 138100 (to try to get a good fill) at 850:45 AM. Then
cancelled the order at 851:04 AM and got a cancel confirmation. I checked
numerous times for fills and it showed none for 10 minutes. Then they showed
me as filled when the market was trading 137450, about 10 minutes later. I
then immediately marketed out at 137250. I have never lost more than 2.5 pts
on a trade, this was minus 8. The 2 issues for me are a) I was given a
cancel confirmation and b) they did not report the fill for ten minutes. On
top of that I usually reverse off of the pivot line which was 1380, so I
would of sold 2 at 1379, meaning i would of lost 1.5 on one trade but been
short at 1379 on a market that went down to 1349. My broker said I should of
known I was filled. Sould I be upset about this, any
ideas?</FONT></FONT> <FONT face=Arial>SMC</FONT>
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