posted
Took short position at $1.80, will re-short if it hits $2.25...in a few days to a few weeks the dump will be on and this will be below $1.00 again
-------------------- Disclaimer: Not accountable for anything I say Posts: 6266 | Registered: Jun 2004
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Where was/is the pump? E-mail, mailer, fax, message board, all of the above? I just glanced at a 5 day chart and it's already down a bunch this week, so I was wondering when the pump was, and where from.
thanks.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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The pump was a big fax SPAM. Look at their website, it looks like a bunch of BS to me. I believe this should be back down soon enough. Will reshort at $2.25 if it gets there.
-------------------- Disclaimer: Not accountable for anything I say Posts: 6266 | Registered: Jun 2004
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yeah that change really blows. I had just pulled $25K from various accounts to move there, and then they stop allowing it...
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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No public announcement, internal memo. If you find any brokerages besides Interactive brokers that allow short sell of OTCBB or pinksheet let me know.
-------------------- Disclaimer: Not accountable for anything I say Posts: 6266 | Registered: Jun 2004
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well, i'm not a customer so i probably won't find 'em. there's always huge debates going on about the issue. theoretically, if they do it legally? they are sending the trades offshore and i knew Penson was setup for that, so if you want to? you should look for anybody with an international trading desk. Usually you need alot more in the account than 25K$ tho... We support a wide range of clients-including full service retail broker-dealers, online and discount brokers, active, proprietary and automated traders, including black-box traders, as well as private client wealth managers, institutional sales firms, investment advisors, market makers, bond dealers and underwriters.
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