Where or when

By: Ray Pellecchia

File Under: NYSE, NYSE

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A pseudonymous buy sider asks the following:

Where and when will the information be available as to which specific securities will be transitioned into Phase III and the effective dates?
-- Ian Cognito

Ian -- Your nom de plume ranks right down there with that of my previous correspondent, R.U. Crazy. And since I.M. Stillcrazy, I'm happy to answer.

We should have the first news on this front later this week. As soon as we do, we'll alert everyone via e-mail, news release, information memo to members and firms, posting on nyse.com/hybrid, and even on this humble blog. Stay tuned.

The "where and when" phrasing of Ian's question reminds me of the Rodgers and Hart standard, "Where or When." A beautiful melody with a great hook, and a mysterious lyric.

It seems we stood and talked like this before
We looked at each other in the same way then
But I can't remember where or when
The clothes you're wearing are the clothes you wore
The smile you are smiling you were smiling then
But I can't remember where or when

Two things in particular about "Where or When":

1) I could never quite figure out Lorenz Hart's lyric. Does it mean that the details may fade away, but all that endures is love? Or is it supposed to be a song written by a half-amnesiac, kind of like "I Remember It Well"?

2) When our ol' band the Upticks played it -- I think the late, great Lew Horowitz probably introduced us to it on his banjo; thanks, Lewie -- I always loved singing along with the soaring "where or when" part. Un-mic'ed, of course; as a singer, I was an OK drummer; as a drummer, I was an OK PR guy. Anyway, it didn't really matter, because even with a megaphone I wouldn't have been heard; everyone in the room was always singing that refrain, it was that catchy and memorable. If you're too young to know it, go download it; dozens of artists have covered it.

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Rodgers & Hart, Where or When