posted
It's on right now. TDA is allowing only complete closing transactions for all customers. You can not sell a portion of your shares you must sell them all. Okay they just clarified that customers can sell portions of their positions.
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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quote:Originally posted by wallymac: It's on right now. TDA is allowing only complete closing transactions for all customers. You can not sell a portion of your shares you must sell them all.
Not true, you can sell any amount you desire to with TDA.
-------------------- Buy Low. Sell High. Posts: 10754 | From: The Land Of The Giants | Registered: Feb 2005
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quote:Originally posted by wallymac: It's on right now. TDA is allowing only complete closing transactions for all customers. You can not sell a portion of your shares you must sell them all.
Not true, you can sell any amount you desire.
They clarified and changed what Kim from TDA said earlier, I edited my post to show that. This is what was being said on Subpenny by Kim from Ameritrade.
GLTA Wally
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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posted
Thanks Portman... Curious as to why there was no response(PR) from AMTD? IMO...it must mean some type of "guilt"...to some degree. However, it could be due to the "Symbol" change...and an honest mistake was made. "IF" AMTD is able to "purchase" the shares that somehow became "short"...we may never hear any different...as to what really happened.
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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quote:Originally posted by portman: 10, nothing we did not know.
- Said TDA did not hold a "short position"
- Read disclaimer from a pre-written script.
- Avoided the question if TDA was naked short.
- SBP just went off the air in the middle of the show so we did not get to his post comments.
I have been listening and he didn't go off the air. No there wasn't any earth shaking news. The one question that I have been interested in during this whole scenario is about the FTD's. TDA seemed to be very careful to say short and that customers of their are not allowed to short OTCBB stocks. I still believe that the real problem TDA is having is the FTD's due in principle to the trading right after the symbol change. THIS IS ONLY MY OPINION, pure speculation on my part.
The TDA rep also stated that TDA was not getting a lot of calls or threats of people who wish to close accounts with Ameritrade. So we are still in the dark.
GLTA Wally
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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posted
That's pretty funny since EVERY time I call and every call I have heard...TDA CSRs indicate they are getting lots of calls and they are even discussing it amongst themselves.
-------------------- - "Pay it Forward" Posts: 1524 | Registered: Jun 2006
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quote:Originally posted by portman: That's pretty funny since EVERY time I call and every call I have heard...TDA CSRs indicate they are getting lots of calls and they are even discussing it amongst themselves.
I understand and agree but that is the company line at this time. I doubt that TDA would come right out and state that they have Naked Shorted any stock. So everything is a matter of intrepretation. I only hope that someday we will find out what has really happened, I doubt we will.
GTLA Wally
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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quote:Originally posted by portman: That's pretty funny since EVERY time I call and every call I have heard...TDA CSRs indicate they are getting lots of calls and they are even discussing it amongst themselves.
I understand and agree but that is the company line at this time. I doubt that TDA would come right out and state that they have Naked Shorted any stock. So everything is a matter of intrepretation. I only hope that someday we will find out what has really happened, I doubt we will.
GTLA Wally
Here's something for you to interpret.
Assume for a minute that Rufus was being honest when he said that between his trust and 2 other investors that they have bought enough shares to account for the float. That he doesnt know where the shares being traded are coming from.
TDA goes thru NITE and UBSS for trades, who do you suppose you will find at top of the list for trades in cshd. Look at the radical drop in volume for them in the past month.
quote:Originally posted by portman: That's pretty funny since EVERY time I call and every call I have heard...TDA CSRs indicate they are getting lots of calls and they are even discussing it amongst themselves.
I understand and agree but that is the company line at this time. I doubt that TDA would come right out and state that they have Naked Shorted any stock. So everything is a matter of intrepretation. I only hope that someday we will find out what has really happened, I doubt we will.
GTLA Wally
Here's something for you to interpret.
Assume for a minute that Rufus was being honest when he said that between his trust and 2 other investors that they have bought enough shares to account for the float. That he doesnt know where the shares being traded are coming from.
TDA goes thru NITE and UBSS for trades, who do you suppose you will find at top of the list for trades in cshd. Look at the radical drop in volume for them in the past month.
Nothing to interpret. Great find. Pretty much spells out..."I shorted the crap outta this early on...volume dried up, price held up, now what do I do?"
quote:Originally posted by portman: That's pretty funny since EVERY time I call and every call I have heard...TDA CSRs indicate they are getting lots of calls and they are even discussing it amongst themselves.
I understand and agree but that is the company line at this time. I doubt that TDA would come right out and state that they have Naked Shorted any stock. So everything is a matter of intrepretation. I only hope that someday we will find out what has really happened, I doubt we will.
GTLA Wally
AMTD is not obligated to disclose why they blocked CSHD. Because they did may be why rufus is using this as a target of his own frustration egged on by frustrated shareholders. Maybe we'll see in the next few weeks what restitution AMTD seeks from CSHD... doubt that will be put out over the web though, but would be a matter of public record. Something to keep tabs on. The seed has been planted and will be a diversion topic for future events... something wrong happens ppl will blame this scandle... the wise will look beyond that and see that this actualy has no bearing at all.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
Sceptor I understnad what you are trying to say..But there is a large drop in several, actually most of them...perhaps it is just more that peeps are "holding" not trading...and on top of that "Rufas" said that a large portion of the shares were purchased by "him" and placed in a trust...that is bound to "lesson" the amount of trades as well...Maybe it's the fact that the PPS went from what .08 to 1.60 and has held in the $1 range...that has people trading it less...many things would factor in to this "drop"... Ameritrade didn't put the "hold" in buying" until September and these "reports" are from August and before... Just not sure this "report" represents much as far as "TDA" and "their" "hands in the short pot"
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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posted
Maybe we'll see in the next few weeks what restitution AMTD seeks from CSHD... doubt that will be put out over the web though, but would be a matter of public record. Something to keep tabs on. The seed has been planted and will be a diversion topic for future events... something wrong happens ppl will blame this scandle... the wise will look beyond that and see that this actualy has no bearing at all.
boodog can you 'splain better here? i'm not really sure what you mean...
AMTD blocking buying and allowing selling is most definitely detrimental to the free market... the WHOLE market..not just AMTD customers
there is no diversion here... the stock is on the SHO list... for 20 some days...
"the wise will look beyond" sounds too nebulous for an old-timer like me..
several people have come on today hinting they have data the rest of us are not privvy to... that in itself is suspicious...
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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posted
i'll repeat this again for anybody coming in late....
it is also possible that AMTD restricted buys simply because they discovered that many of their account holders were in fact the victims of the failure to delivers....
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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posted
|Glass, I learned a lot from a recent experience I had with Scottrade. They can block a security from online purchase or totally and do not have to give a reason. You can speculate all you want and push for an answer all you want. They do not and are not legally obligated to offer the reason. All traders who use AMTD agreed to the same contract that allowed this behavior. I stood to loose on my battle which is why I pushed so hard. They froze TCLL right when it was supposed to run. Just 1 trading house froze that run in its tracks. No doubt in my mind. My limited experience here may be my downfall but the rules are still clear. AMTD chose to block CSHD for the interest of their customers and there is not much they can do about it. Because of this they are a target. Rightfully I would be pretty pissed too.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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quote:Originally posted by portman: That's pretty funny since EVERY time I call and every call I have heard...TDA CSRs indicate they are getting lots of calls and they are even discussing it amongst themselves.
I understand and agree but that is the company line at this time. I doubt that TDA would come right out and state that they have Naked Shorted any stock. So everything is a matter of intrepretation. I only hope that someday we will find out what has really happened, I doubt we will.
GTLA Wally
Here's something for you to interpret.
Assume for a minute that Rufus was being honest when he said that between his trust and 2 other investors that they have bought enough shares to account for the float. That he doesnt know where the shares being traded are coming from.
TDA goes thru NITE and UBSS for trades, who do you suppose you will find at top of the list for trades in cshd. Look at the radical drop in volume for them in the past month.
Nite and UBSS handle the majority of all Retail. I'm fairly certain that they are number 1 and 2 on most stocks that have a retail following. Many people have requested certs as Rufus has stated over and over that they should. Many people are holding for the promise of the reset. Less shares are available then were available a month ago. Rufus did correct himself in reference to having bought up all the float. He stated that they had bought approx half the float through a trust. Go back and listen to some of the Paltalks after he stated he had bought the entire float and you will hear him say that. I have never called Rufus a liar. I have been in this from when it was FHAL and bought at .10 and above. I have told friends and family about this stock and they have invested. If I thought Rufus was a liar I would sell my complete position and advise those I have told including this board to sell. I have never recommended on this board that anyone should buy sell or hold. I have recommended caution and will continue to do so. I say the same about all stocks being traded. Trade smart and make money is the name of the game.
Is there a problem with TDA, I think their might be. I just don't think it was that they were intentionally shorting the stock and has much more to do with a lack of proper checks and balances with in their corporate structure. That is why I have also mentioned what happened with PAIV, PAIM, QBIT and others.
I wish the best for all of us that have money in CSHD but know that only time will tell what the outcome will be. When I stated that I wish Rufus would reset at lower price I did this because it would be healthier for the stock. I am a firm believer in under promise and over deliver. No one gets disappointed that way and bashers are silenced. With the conjecture of a reset to $50 or higher it just sets up the possibility of disappointment if it comes in lower for strategic reasons and adds fodder for the bashers.
The final chapter has yet to be written. We will all find out the outcome at the end of the story and not before.
GLTA Wally
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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quote:Originally posted by glassman: i'll repeat this again for anybody coming in late....
it is also possible that AMTD restricted buys simply because they discovered that many of their account holders were in fact the victims of the failure to delivers....
I completely agree that this is the most likely scenario. Like I stated earlier, it's speculation and just MHO.
I just think if one planned to short a stock it would be wiser to short a short with a much higher O/S and float. It would be much easier to hide.
IMHO, they got in to deep with FTD's before they could get a handle on it. It just makes more sense.
Babe, I agree. They have basically forced many people to be long in this stock by not allowing them to repurchase. Fear of loss of potential rewards will cause people to hold and not flip the stock.
GLTA Wally
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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quote:Originally posted by BooDog: |Glass, I learned a lot from a recent experience I had with Scottrade. They can block a security from online purchase or totally and do not have to give a reason. You can speculate all you want and push for an answer all you want. They do not and are not legally obligated to offer the reason. All traders who use AMTD agreed to the same contract that allowed this behavior. I stood to loose on my battle which is why I pushed so hard. They froze TCLL right when it was supposed to run. Just 1 trading house froze that run in its tracks. No doubt in my mind. My limited experience here may be my downfall but the rules are still clear. AMTD chose to block CSHD for the interest of their customers and there is not much they can do about it. Because of this they are a target. Rightfully I would be pretty pissed too.
they have not said in writing that they are protecting customers.. i would expect them to come out and say it's been on the SHO list too long if they really were "protecting" customers from naked shorting..
i was monitoring in TCLL also.. scottrade did NOT restict the ability to buy ANY shares just online purchases...
IMO? something else is going on here...
i thought maybe you had something that was about to "break" in the news dept...
as wally said? Is there a problem with TDA, I think their might be. I just don't think it was that they were intentionally shorting the stock and has much more to do with a lack of proper checks and balances with in their corporate structure. That is why I have also mentioned what happened with PAIV, PAIM, QBIT and others.
i think TCLL was blocked by scotty because there were few shares available and scotrade is keeping a closer watch on the shares in the "treasury" than AMTD has been.... IMO? TCLL was limited by it's chart... also? remeber the old rule? buy on rumor sell on news... lots of people were expecting a better 10Q... TCLL has some wierd accounting things on that 10Q that i won't go into... i will say this, i have seenone person at ihub point them out too... he saw the same basic problem i did...
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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posted
had to call to purchase TCLL... amtd wont even let you purchase
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
had to call to purchase TCLL... amtd wont even let you purchase CSHD. No new news here. Just wanted to pass on to the expecting not to expect an answer from AMTD. I would keep my eyes open on the sidelines for retribution against in this situation. That's what the lawyers are paid for. AMTD customers that never contributed to CSHD see what is going on and would want AMTD to seek answers. This is an open wound right now IMO and I am confident AMTD will deal with it. Will we see anything? I don't know. I'm still new around here, but customer confidence on both sides will need to be re-enforced.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
That's the rub here. Since I trade with Scottrade I'm familiar with what they do. If there is a volume spike they will restrict online buying but you can still callin to the broker and buy through them at the internet rate. It isn't ideal in fast moving markets and does make me think twice about purchasing because I have less control than simply doing it online. What I have been told by the branch manager is that they want to make sure that the trades are being executed by the account holder and can only be sure if they are able to confirm that the account holder is placing the order. This could all be a line of BS but at least I have been able to get an answer that makes some sense.
GLTA Wally
Posts: 3255 | From: Los Angeles California | Registered: Jan 2006
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posted
ACTC and CSHD both shared the same cycle of dip and spike which made it very easy for shorts and flips. I would ask when AMTD issued the restriction since I don't know exactly putting it to a chart. This could be put to many stocks.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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they cut out most of the players by running it up to peak so fast... i was on it at 60 cents... ACTC? the shares are in a 424... the MMs will just wait for them to cover... sick ain't it?
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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