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echo: locuser
to: Paul Edwards
from: Frank Malcolm
date: 1996-12-20 04:17:04
subject: get rich quick

Hi, Paul.

PE> PE> Apparently it needs to be returned to BT (so BT told me).  OK, can you
PE> now
PE> PE> sell 1900 PDP at $2.89.

PE> PE> BTW, what I am doing is selling when they go up 10%, and buying them
PE> when
PE> PE> they go down 10%.  The danger here is that they keep going up 10% and
PE> never
PE> PE> going down, but after 3.20, when they hit 3.52, I won't particularly
PE> care
PE> PE> that I sold some of them low. In the meantime, what I'm doing is sellin
PE> my
PE> PE> most expensive ones, so that I make a capital loss, in preparation for
PE> my
PE> PE> capital gain.

PE> PE> Oh, you can put in a buy order for $5000 worth of PDP at $2.38 too.
PE> $2.38
PE> PE> is the lowest they got too, according to my data.  BFN.  Paul.

PE> Ok, I see I sold PDP.  Can you now put in the following bids:

PE> 1. Buy 1900 PDP {at} $2.62

PE> 2. Sell 1900 PDP {at} $3.18

You're in for both.

PE> This is in addition to what you should already have in, which is

PE> 3. Buy 1800 PDP {at} $2.38

Correct.

PE> BTW, I forgot to mention - that NTS that you sold now negates my sell order
PE> at 14/14.5/15c or whatever it was.  All my NTS transactions should be
PE> cleared.

Yes.

PE> Also, the PDP are obviously coming from BT instead of me personally, and th
PE> money needs to go back to them.

PE> And what THAT means, is I now have to buy something for $5000, lest I fall
PE> under the $40,000 limit.

I didn't know about the $40k limit until another client was selling down
his margin holdings and I didn't do it all at once and BT phoned me to
let me know he was being hit on $40k although he only had a few $k
outstanding. They're quite good on customer service IMHO, in spite of
the fuckup which we've had on yours.

PE> I'll let you know what I want to buy soon (funds will come from BT for that
PE> and presumably you can arrange that?).  BFN.  Paul.

Yes.

Also bought 2200 BPC {at} 225, as per Telecon. That turned out to be an
"AvTech day", after I spoke to you keith r phoned and we had a glass
of lunch.

Regards, fIM.

 * * Who stole the OPTUS satellite? We did Chucky, We did!
@EOT:

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