Word: clerking
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...shirt, the 33-year-old trader stares at a computer screen linked to the National Association of Securities Dealers Automated Quotation System (NASDAQ), the world's second largest stock market after the New York Stock Exchange. Sensing that Lotus stock is starting to climb, Ciuffetelli tells an All-Tech clerk to buy 1,000 shares. The clerk presses a few buttons on his keyboard, and the deal is automatically made for $32 a share. Minutes later, the ex-machinist sells. "Hallelujah, I made an eighth of a point!" shouts Ciuffetelli. By day's end, 58 trades later and $900 richer...
Suddenly a blue light appears on the screen, indicating that a marketmaker has moved his bid price from 52 1/2 to 52 3/4; other firms soon follow. With Houtkin's prodding, I scream for an All-Tech order clerk to buy me 10 shares (I'm a low roller). Within seconds I've acquired the stock for 52 3/4 a share...
...wave continues to roll forward, so I ask the clerk to sell my holdings at 53, netting me a fast -- if meager -- $2.50 gain. The purchaser at the other end was Salomon Brothers. Of course, if I had been a regular customer at All-Tech, I would have bought 1,000 shares and earned $250 (minus an $80 commission) on the transaction. Not bad for a few minutes' work...
...that their insurance would pay for only 30 days of care. It was not enough. Jennifer, who is now 21, was hospitalized at first for four months. To care for her daughter with constant supervision at home, Joan Wilbert took a leave of absence from her job as a clerk at the state department of revenue and lost her seniority. Now the hospital is suing the family for $51,000, the cost of Jennifer's uninsured care. Says Rob, who is 57: "I had a heart attack at age 45. I was hospitalized for five weeks. Then I had rehabilitation...
...Connecticut, where she has been studying for a high school-equivalency diploma. An expected favorable ruling by the judge, perhaps this week, would allow Helmsley to rejoin her ailing billionaire husband Harry and travel, presumably by limousine, to perform 750 hours of community service as a playroom assistant or clerk at a nearby health center...