Ok, here's what happened to me today. I bought 3k of cls at just under 47 in the first few minutes today. After about a 1 pt profit, someone put in a bid for 2800 on island at around 73. Having a quick trigger finger, I whacked them and instantly had a 57k profit. It didn't even occur until about 10 minutes later that the trade may be broken. At that point, I figured i'd protect myself just in case, and I shorted 500 shares (that was all cyber had). 20 minutes later, Island calls me up to ask if I want to break the trade. OF course I said no, but they said that if I refused, it would have to go to arbitration, and I'd need an expensive lawyer, and that there was no chance I'd win against a big firm. Also the contra party offered me 40c a share to break it, which was about a k in free profits. At this point dont forget that I had about 7k in cls profits if I was given my shares back, so I agreed. By the time my shares were retransfered to me, cls had tanked, and I only made 2k on the trade + the k from the contra party (that I have yet to see transfered to my account). Has anyone had this happen to them? In the future, should I go to arbitration? Should I have asked for more than 40c from the contra party. I'd have loved to just split the differnece, or 1/4 of the difference even. 48.25 or so which was the high of the first few bars was my sell point, so I would have made 5k, and instead I only took in 3k (minus all the gains that I missed while handling the retarded phone calls) What are my other options. I assume that I have none now. What exactly are the rules on these things. I asked a mm buddy of mine, and he already told me that I can't win, but I'm not positive he's right. All this mess ruined my day (not to mention a previous hangover) I think I would have been better off not hitting that bid I guess.