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hans-
Cargill is my broker, but that is not the whole story, (I did not want to
belabor the group). My stop was in at 1299.25. The market rallied up to 1299
then reversed and went down to 1294.50. I went in to adjust my stop since if
it went back up to 1299.25 I would likely see slippage. Cargill's system
requires you cancel first, we did. Then as the 1298.75 was being entered the
announcement hit, (actually they put it in at 1288.75 and as I was
correcting them the announcement hit). Bad luck and some butter fingers on
their part. Still cost me 18 Handles, oh well like I said the short bond
calls made up for it not to mention the short stock puts (at least so far).
There was discussion in this group about IB handling of stops. Anyone have a
stop in that was hit during the announcement? Was there slippage?
don ewers
----- Original Message -----
From: "hans esser" <he96@xxxxxxxxxx>
To: "Don Ewers" <dbewers@xxxxxxxxxxxxx>
Sent: Thursday, January 04, 2001 10:56 AM
Subject: Re: [Fwd: Re:[RT] Market - OEX astro]
>
> Don,
> who is your broker ? using TIMBER HIL?
>
> I use LIND and have NEAR zero slippage on last 20 stops or so.... but was
> not in the market yesterday at the time, as covered shorts with profits
before
>
> rgds hans
>
> > -------- Original Message --------
> > Subject: Re:[RT] Market - OEX astro
> > Date: Thu, 4 Jan 2001 08:08:46 -0600
> > From: "Don Ewers" <dbewers@xxxxxxxxxxxxx>
> > Reply-To: realtraders@xxxxxxxxxxx
> > To: "Real Traders" <realtraders@xxxxxxxxxxx>
> >
> > BobR,
> > Yes on the short stock puts (some stocks that I am locally aware of just
> > fell too far that day ADCT over 3 points from 18+ at the time I sold 40
of
> > the Feb 15 puts @$2.25) but I would be remiss to not say I was lightly
short
> > only one emini with a 1298.75 BE stop that got filled 18H higher.
Fortunately I
> > was also short two Feb 106 bond calls so ended up to the plus side.
Second time
> > that old coot has caught me (last was the fall of 1998).
> >
> > An excellent example on the bonds of a news reversal trade had one sold
the
> > futures as they passed back down through the price they were at prior to
the
> > announcement, and subsequent failed follow through rally. don ewers
> >
>
>
>
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