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Don't worry about your relationship with
your broker, it has already cost your money. There are other brokers
that will give you the service you want and need.
Lionel Issen<A
href="mailto:lissen@xxxxxxxxxxxxxx";>lissen@xxxxxxxxxxxxxx
<BLOCKQUOTE
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
<A title=Sonnysark@xxxxxxx
href="mailto:Sonnysark@xxxxxxx";>Sonnysark@xxxxxxx
To: <A title=metastock@xxxxxxxxxxxxx
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx
Sent: Saturday, September 22, 2001 12:12
PM
Subject: bad order fill
I've been with the same
broker for over three years now, and he has been great. However, on
Friday I had a problem with a limit order, and I would like advice on how to
go about dealing with it. I had a limit order going long, and the price
according to e-signal fell below my limit order by one full tick which should
guarantee a fill. However, when I called my broker to confirm a fill and
to place a sell order for a quick modest profit, he checked with the floor and
was told that I was not filled and that the prices did not fall below my limit
order ... the floor told my broker that it was a bad tic and they were going
to pull it. (keep in mind I am day trading the Dow, and this all
happened within five minutes or less). I trust my broker, but I am not
sure about the guys on the floor. While I was on the phone waiting to
confirm if I had a fill, the prices dropped back down and I was finally filled
the second time around, but now the prices were moving against me and I took a
small loss. This was a play that was suppose to give me a quick modest
profit but had a loss instead. On top of that, I didn't get filled at my
limit as my broker told me I had on the phone. I just reviewed my
statement, and I was filled one full tick better than my order which is very
unusual. I am not complaining about the better fill, but it just makes
me more suspicious. I would like to have my broker look into this for me
without spoiling our relationship. I am thinking about having him find
out who was on the other side of the trades. Do you guys think that
would be helpful info? I also want him to confirm for me that it was a
bad tick, and they truly were not able to fill my order the first time
around. How much can I find out and trust through my broker without a
formal investigation? Any advice on how I should go about dealing with this
would be appreciate it. -Sonny-
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