posted
your account protected up to $500,000. For details, please see www.sipc.org.
Up to an aggregate of $250 million of additional securities protection, of which $900,000 may be applied to cash, is provided by London insurers
Didn't Rufas point out 680 million as minimum. And if they close there doors what about all the other traders who aren't in CSHD? 680 million will burn through that like a hot knife through butter.
posted
Posted by: yaadmon In reply to: trout31 who wrote msg# 74578 Date:9/14/2006 2:03:25 PM Post #of 74590
Just like I said, it is Knight Securities (NITE)who is short not Ameritrade. The reason why TDA restricted buying is because their first route MM are short "big time".
This is why NITE is constantly on the BID and the ASK
quote:Originally posted by TaxBack04: your account protected up to $500,000. For details, please see www.sipc.org.
Up to an aggregate of $250 million of additional securities protection, of which $900,000 may be applied to cash, is provided by London insurers
Didn't Rufas point out 680 million as minimum. And if they close there doors what about all the other traders who aren't in CSHD? 680 million will burn through that like a hot knife through butter.
i don't know how to say this any more clearly...
you are getting way ahead of the DD here...
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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posted
Is it because of the time frame of the new ticker symbol?
quote:Originally posted by Livinonklendathu: CSHD on Buyins shows this when trying to get a trigger report:
"We have not assembled enough data to provide you with an adequate report, hence the reason you are seeing this message. Your account has not been charged."
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
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quote:Originally posted by 10of13: Is it because of the time frame of the new ticker symbol?
quote:Originally posted by Livinonklendathu: CSHD on Buyins shows this when trying to get a trigger report:
"We have not assembled enough data to provide you with an adequate report, hence the reason you are seeing this message. Your account has not been charged."
Can't we talk to someone or email someone there?! That info would be GOLDEN!!!!!!!!!!!
quote:Originally posted by TaxBack04: your account protected up to $500,000. For details, please see www.sipc.org.
Up to an aggregate of $250 million of additional securities protection, of which $900,000 may be applied to cash, is provided by London insurers
Didn't Rufas point out 680 million as minimum. And if they close there doors what about all the other traders who aren't in CSHD? 680 million will burn through that like a hot knife through butter.
i don't know how to say this any more clearly...
you are getting way ahead of the DD here...
OK... I will slow down and back up. Where do we start? because I am just pulling from a PR from CSHD, and a post including info copied from the TDA FAQ page.
If what your saying is that it is premature to say TDA is closing it's door. You are absolutely right. If you are saying that it is too early to say TDA is in trouble. I disagree. Speculation even a bit wild is bad unless it is used as a path to guide DD.
posted
Good afternoon all! Just woke up from a long nap and am bummed we don't have anything better here yet Patience is a vurtue I guess. Rufus our great teacher has been teaching us a lesson in pateince I guess. LOL
-------------------- learnin as I go.
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A Partial transfer (not closing the account) should take 3 business days to transfer.
If you file it today you should have your shares to choicetrade by Tuesday. Too late to count today.
I also spoke to TDA. They were very nice. They said TDA will be responding with a PR today (getting a bit late). TDA would not provide written guaranty that I would be able to sell or that they would not cancel my shares.
If I miss a big run I am not going to worry because part of something is better than all of nothing.
I have half my position in TDA and half in Choicetrade already. Just moving everything to CT.
-------------------- - "Pay it Forward"
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quote:Originally posted by 10of13: Is it because of the time frame of the new ticker symbol?
quote:Originally posted by Livinonklendathu: CSHD on Buyins shows this when trying to get a trigger report:
"We have not assembled enough data to provide you with an adequate report, hence the reason you are seeing this message. Your account has not been charged."
Could be - I would expect it to be updated soon though - probably around the time of the next short report this month.
-------------------- ......in Psychiatry circles it's known as a "warning sign"
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posted
Are we sure about the 3 day period and margin account stuff? I haven't found anything concrete on the subject from TDA, but I'm still looking.
This is from new2stocks link http://www.aaii.com/commentary/articles/200604_stockstrategies2.cfm The rub comes when a customer’s securities are held in a “margin” account. When you open a margin account, you agree that securities you place in the account as collateral may be loaned to other broker/dealers. Securities are usually loaned to other broker/dealers for delivery by their customer accounts to settle a short sale.
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posted
Jesus Christmas, I'm glad I have my shares through my Uncle Chuck Schwabie. By the way I called Chuck just to find out if there are any concerns with CSHD. The guy laughed and said apparently only if you're Ameri___.
I was stunned that they even knew what was going on, here. People, this is getting around the investing community which interests me. They assured me I can buy and sell my shares whenever I wanted to.
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posted
Heard back from TDA on disabling the margin account...it can be done, but it will take 3-5 days and any trades during that time my extend the period.
Doesn't seem like too much of a hassle. I just wonder if having CSHD in my account will delay it even further.
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quote:Originally posted by Chartwalker: "Should you fail to take action and TD Ameritrade liquidates your PLNI shares, you may, depending on what price you purchased PLNI shares at and what price TD Ameritrade liquidates the shares at, take a loss in your position."
From that link...
In other words can you imagine you had $10,000.00 in this and then TDA sold them then suddenly you have ZERO!... Or maybe you owe them!!?? I wonder, cause they might charge you the commission!!!
They did this with PLNI, watch your butts people with TDA accounts!
This is big, big enough to BUST TDA,... -which I don't think will happen cause they'll screw you first! "Nice"
TDA has indicated to me specifically that is was later proven that they did not send out the letter mentioned. Take that for what it is worth. The CSR also would not say they could not do what is mentioned.
I was told TDA does not short stocks and was not short this stock (CSHD). I indicated that that was not relevant to me. The issue was they would not provide documentation indicating I would continue to be able to sell and could not give a reason as to why I cannot buy when every other house is allowing it.
Personally...I think NITE is the short one. TDA just needs to let them go.
-------------------- - "Pay it Forward"
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posted
In 2005, Knight executed: More than 204 million trades More than 800 billion shares (listed, Nasdaq, OTCBB/Pinks) Nearly $1.9 trillion in dollar value traded
Knight makes markets or trades in more than 16,000 equities Knight supplies liquidity to a great number of small and thinly-traded equities Knight is the largest market maker in listed securities in the third market, accounting for 4.72% of all daily listed share volume* We are a market leader in OTC equities: #2 market maker in Nasdaq volume with more than 8% market share* #1 market maker in Nasdaq Small Cap stocks with more than 29% market share*
----->>>> #1 market maker in OTC Bulletin Board volume with more than 37% of market share*
posted
Just an interesting little tidbit. The PR about Ameritrade is not posted on the CSHD website, however the PR that was posted later annoucing the completion of the merger is posted.
Another thing is that the PR in question stated that it has been confirmed that the stock has been shorted by a third party.
posted
good post chart, those of us who have traded pinks and OTCs know just how much of the market they have down here. My concern is if we move to the NASD they still have their hands in that cookie jar too, hope they take their licks and move on, and not try to retort by NS this again!
-------------------- Success is having the time and money to enjoy all of life's wonders...
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This stock has been on regulation SHO for 25 consecutive days and it has been confirmed that it has been "Shorted" by an objective "Third Party." To peruse this information please visit http://www. buy ins .net, they assert, "the 'Shorting' is over...16,000,000 shares with others estimating the 'Shorting' to be as high as 60,000,000."
posted
Just called TDA, he told me that cshd qualifies for electronic transfer of shares so if we chose to transfer the stock, it could be done in ~ 48 hrs after you fill out the partial transfer form which needs a Medallion signature guarantee though!
Also partial transfer rule is that you need to leave atleast 10 shares or 200$ in the account.
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posted
Sounds like MANY people have talked with Rufus about the short amount.. He says "they" (buyins) give over 16 million, then he goes on to say, "others" [-plural, more then one...] Est. it to be as high as 60 mill.
posted
I agree with you portman, and glassman. NITE is most likely the one who is short, but I am not going to say TDA is out of this by a long shot. When the buck gets passed it is going to go from NITE, to TDA, to the shareholder.
As chart so eloquently presented above. NITE is big and they are big for a reason. If TDA is into NITE for several million shorts. NITE will move on them quicker than the IRS. Somebody had better start covering, or someone is gonna be really upset.
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