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   Non-TechJB Oxford, Lombard, Etrade


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To: ron forgus who wrote (364)8/27/1997 9:38:00 PM
From: ron forgus
   of 396
 
$900,000 for a baseball card store seems like a fair deal !
They should have sold the shares while it was trading at $6 .
Looks like most of JB's problems are related to Kott.

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To: Martin Wormser who wrote ()9/2/1997 11:22:00 AM
From: Jim S
   of 396
 
To all:

I had a limit order to buy a stock at 1 3/4. It opened at 1 7/8. The price dropped to 1 1/2, and then climbed back to 1 7/8. My trade was not exicuted, even the the price 'went by' my order price at least twice. Any good ideas how this could happen?

This is the second trade in a row that this has happened to me.

Good trading,

jim

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To: Jim S who wrote (366)9/2/1997 12:08:00 PM
From: Martin Wormser
   of 396
 
Jim, The only thing I could think of is the spread? What was it?
You should have bought the stock. martin

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To: Martin Wormser who wrote (367)9/2/1997 6:55:00 PM
From: Jim S
   of 396
 
Thanks for the response, Martin. I really don't remember what the spread was, I had to go to town today and that reset all my mental gears to neutral.

Just before I left, I got a call from JBOx to the effect that since my order was for a specified number of shares and the lower trade was for an amount less than my order, they couldn't fill. No, it wasn't an "all or none" order. Even more interesting, when I got back from town, there was a note on my answering machine to the effect that "the trade at 1 1/2 never happened." It showed on the JBOx screen for 2 hours, the first guy to call confirmed it and discussed the number of shares traded, then "Oops! there was no trade at 1 1/2, change the tape!"

This reminds me of my last fishing trip -- I have to guess what kind of bait to use, and if I catch a fish, it is pure luck. Damn fish don't let me know what the rules are. <G>

jim

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To: Jim S who wrote (368)9/2/1997 7:13:00 PM
From: bob yahnke
   of 396
 
Jim, this is what I`ve been talking about in some of my past posts. JB DOES NOT GIVE ACCURATE QUOTE INFORMATION! I`ve explained this to them time after time and nothing seems to be done about it. JB just does`nt care. Case and point. Today (9-2-97) America West Air (AWA) showed on JB`s quote system it was trading at 11 7/8 and 11 15/16 for about an hour. IT NEVER HIT THAT PRICE JB! The low for the day was 12. My advice to JB account holders is to transfer out and go to a brokerage that cares and takes care of problems like this. JB can not go on with rotten service like this. They will not survive in this competitive industry.

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To: bob yahnke who wrote (369)9/2/1997 8:51:00 PM
From: Jim S
   of 396
 
JB can not go on with rotten service like this. They
will not survive in this competitive industry.


Bob, I sure wish that were true. You and I are still here, aren't we? Why haven't we gone elsewhere? Because they are all the same. I don't know about you, but I've been shopping for several months, and can't find anywhere worth transferring to. I had great hopes for Datek, but after following their thread for a while, here I am, still with JBOx.

To be fair (as much as I hate to do it <G>), JBOx does say that they do not guarentee the accuracy of their quotes. Like a lot of brokers, they buy them from a quote service, and the quotes come across the wires unedited. Far be it from me to defend a broker, but I can see how errors can happen.

Oh well, if it were easy, everyone would be rich.

Good trading,

jim

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To: Jim S who wrote (366)9/2/1997 10:55:00 PM
From: Ronald P. Margraf Sr.
   of 396
 
Hi Jim,

First time post here. Been trading with JB now for 3 years CAN'T really
complain. Best price in town. They'er one of the few that will trade
pennies without a form for each trade. Maybe you need a different agent.
Ask them to reasign you to someone else.

Hope this helps.

Ron

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To: Jim S who wrote (368)9/2/1997 11:08:00 PM
From: Ronald P. Margraf Sr.
   of 396
 
Jim,

When I put an order in with JB I ask them how many are on the bid side
and how many share are on the ask side. I also ask them at what time is
it that they are showing. At which time I place my order based on that
unless I am putting my offer in at a price that is lower then the bid.
Since I started doing that I have been getting my orders filled. It might
take a day or two but they get filled. You have to remember that these
guys are order takers and if you don't give them instructions then don't
look for positive results all the time. Its taken me 3 years to figure
this out. If you want to have your discount broker do what a retail broker
does then you have to instruct them.

Ron

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To: bob yahnke who wrote (369)9/2/1997 11:15:00 PM
From: Ronald P. Margraf Sr.
   of 396
 
Hi Bob,

Now read your post. Your order didn't get filled because you put it in
below the bid/ask. How do you expect it to get filled? He did just what
you told him to do. You can't fill an order if no one wants to sell you
something that is lower then they want to go. Now think about it.;-)
Why don't you just leave your order in GOOD TILL CANCELLED? Maybe it will
get filled in a day or two?

Ron

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To: Ronald P. Margraf Sr. who wrote (373)9/2/1997 11:43:00 PM
From: bob yahnke
   of 396
 
Hi Ron, I think you got me confused with Jim. I was just stating about the lousy quote service.

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