Message-ID: <22828885.1075857800715.JavaMail.evans@thyme> Date: Mon, 20 Nov 2000 05:46:00 -0800 (PST) From: joe.quenet@enron.com To: arosenberg@edisonmission.com Subject: Re: Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Joe Quenet X-To: "Abel Rosenberg" X-cc: X-bcc: X-Folder: \Joseph_Quenet_Dec2000\Notes Folders\'sent mail X-Origin: Quenet-J X-FileName: jquenet.nsf you hurt my feelings ........................first , I'm definetly the largest user of outside brokers in this entire firm........could possibly do more than anyone in this market......30-40 "outside " trades each day.........second, in this instance he showed me a .25 bid and I hit it, then i offered evens( sold several hundred) then i wacked the 75's (again several hundred) then hit all the 50's...... when i come back to them and ask who I hit they say they have a problem......that it should have been an offer...when they listened to the tape they "think" he said "sell".......myself, I did nothing wrong in this.....then they come back with another name who will stand in at "even"....... well, make him come upto >25 and send him the check...........I (we) assume all the risk in the broker market............brokers collect the commission and have no position........we use brokers , pay the commission and also end up with a bad position from "flake" trades.......... didn't mean to vent on you .............using brokers carries risk(execution risk).......