Replies to post #38 on Theo's Poolside Discussion of Trading Delights and

[Wayne R]

But I gotta ask- is this Vendit the same guy who Bob Z booted from iHub for sending malicious code (among other things I suspect)?

Ummm, well reid rings a bell, and from the profile he seems to be a chartist, so in all likelyhood it is the same guy from SI.

Haven't talked to him in years.

BAck in the day, he found a back door to a real time quote platform. He gave me the link. I was cautious about it. At first...

Then I found the possibility to create a whole spreadsheet for all the stocks I owned and see quotes in realtime. I hijacked their beta test pages, they must have been scratching their heads wondering how all the penny stocks showed up....

Doesn't sound like much today, but remember, this was 1998 when people spent their time on freerealtime.com hitting refresh every 2 seconds for 1 stock at a time....

[Wayne R]

OK, let talk about mytrack and Herzog autofills.

At some point they made some sort of agreement so that if the ask size was 2500, a client could buy 2500 shares immediately, then herzog would try to cover the sale in some way.

This worked real good for a bunch of people with a forward split, forget the ratio. Anyway herzog was on autofill for 100 shares at 10 bucks.

Got it over 3 accounts and sold the next day for a net gain of around 100K.

Anyway, that's not what I wanted to talk about, what I wanted to talk about is the day Herzog's computer was upside down.

At market open I get a notification that I've sold some POS. Weird, I had that up for sale forever with no real hope of ever getting out.

So I check it out. Seems the sell was autofilled at the ask.

hmmm, sent in a test trade to buy at the bid a stock. Autofilled.

Let everyone I knew that Herzog's computer was upside down and went mental buying at the bid and selling at the ask, autofills.

Mytrack tried to cancel some trades claiming that I had to buy at the ask and sell at the bid. NO, I CAN BUY AT WHATEVER PRICE I DECIDE AND SELL AT WHATEVER PRICE I DECIDE, if I'm lucky.

Oh geez, now I'm thinking about the day NASDQ died. Pewturs went down or something and all volume got routed to Island. I played catch, 10 dollar stocks for 2 bucks....