posted
Someone from another board went to sell shares and the confusion was that since he didn't have "real" shares that he actually shorted them, so he is being forced to buy them back at market price... However his shares we think were restricted...
posted
Milliam - What you just posted is "the perfect storm" from a investor forced short squeeze. Getting your certs and removing your shares from the pool of broker street named shares is what forces them to go back to the MM and force the price higher to shake loose a few shares for the broker who runs their street inventory by policy.
It is about the only power we have as an investor, besides applying buying pressure. Problem is they make it so difficult on us to eventually trade certified shares that no one likes getting them. It is like sending all you mail certified insured, shouldn't your mail be safe in the hands of the USPS? One would think, but for those really special packages, it is worth the time and expense to protect it.
-------------------- Una Mas! Posts: 2717 | From: Eville,IN,USA | Registered: Feb 2004
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posted
Repo, perhaps it would be "out of character" for you to "shed a little" light? what would you suggest?
quote:Originally posted by Repoman75: Ahhh yes, the ole' FTD trump card. That is popping up now more and more, eh?
Some of you really need to take your Series 7 classes and learn how the markets really work. If you don't understand FTD and are investing in stocks like this, you deserve to lose money.
-------------------- #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
so, I wonder what would happen if we all requested certs? I would expect a major short squeeze ... but, maybe there is some delaying measures the mm's or brokers could take.
-------------------- ... make you're decisions only on you're own DD ... Posts: 348 | From: Arizona | Registered: Jul 2006
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quote:Originally posted by 10of13: Repo, perhaps it would be "out of character" for you to "shed a little" light? what would you suggest?
quote:Originally posted by Repoman75: Ahhh yes, the ole' FTD trump card. That is popping up now more and more, eh?
Some of you really need to take your Series 7 classes and learn how the markets really work. If you don't understand FTD and are investing in stocks like this, you deserve to lose money.
Actually, in this case, you have no fear from FTD's. So, whomever brought it up, is completely mistaken. FTD's have to be reconciled before settlement. A broker cannot force you to buyback shares or whatever after you sold if they find out they are illegally shorted shares. They can only make you buy back if you sell restricted shares (even if it is their mistake in a self-directed account). So, don't worry about FTD's.
Again, you people need to know how the markets work. That's how you make money.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM! Posts: 6379 | From: PA | Registered: Dec 2004
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posted
And yes, in theory, a short squeeze COULD occur if you hold all stock in certs., but that would need to be EVERY SHARE AT EVERY BROKERAGE. Never will happen. Not to mention, that this has happened before where a CEO bought every outstanding share, and still the stock continued to trade because of illegal shorts. The stock is now halted I think, and it is hung up in the courts.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM! Posts: 6379 | From: PA | Registered: Dec 2004
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quote:Originally posted by 10of13: Repo, perhaps it would be "out of character" for you to "shed a little" light? what would you suggest?
quote:Originally posted by Repoman75: Ahhh yes, the ole' FTD trump card. That is popping up now more and more, eh?
Some of you really need to take your Series 7 classes and learn how the markets really work. If you don't understand FTD and are investing in stocks like this, you deserve to lose money.
Actually, in this case, you have no fear from FTD's. So, whomever brought it up, is completely mistaken. FTD's have to be reconciled before settlement. A broker cannot force you to buyback shares or whatever after you sold if they find out they are illegally shorted shares. They can only make you buy back if you sell restricted shares (even if it is their mistake in a self-directed account). So, don't worry about FTD's.
Again, you people need to know how the markets work. That's how you make money.
That's a bit snide Repo. There are experienced traders here in an unsusual situation with very high stakes. Big money is trying to protect itself. We "know how the markets work", but there are some shady dealings occurring here. Trust me, I know how to make money. This is an interesting play nonetheless.
posted
Repo. Series 7 Examination Individuals who want to enter the securities industry to sell any type of securities must take the Series 7 examination—formally known as the General Securities Representative Examination. Individuals who pass the Series 7 are eligible to register with all self-regulatory organizations to trade.
So why are you pointing people to the series 7 ex. for trading Penny's?..
My siggy link is alot quicker, and FREE!
But holy cow I was glad to have witnessed a decent post from you! One star for that
posted
Taxback, you really are missing out. The Series 7 is your broker's license, and it explains in great detail the technicalities of how the market works... its boring as sh1t, but you get an understanding of what is the underlying mechanics of the markets.
And no, I own ZERO shares here... just waiting for the inevitable collapse or rise.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM! Posts: 6379 | From: PA | Registered: Dec 2004
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quote:Originally posted by Repoman75: And yes, in theory, a short squeeze COULD occur if you hold all stock in certs., but that would need to be EVERY SHARE AT EVERY BROKERAGE. Never will happen. Not to mention, that this has happened before where a CEO bought every outstanding share, and still the stock continued to trade because of illegal shorts. The stock is now halted I think, and it is hung up in the courts.
This we agree on... I think we discussed that crazy company on this board briefly a few days ago. Sorry no "perfect storm".
And that be two contributing post from repo... Hey man you are on a role!
-------------------- Una Mas! Posts: 2717 | From: Eville,IN,USA | Registered: Feb 2004
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quote:Originally posted by Repoman75: And yes, in theory, a short squeeze COULD occur if you hold all stock in certs., but that would need to be EVERY SHARE AT EVERY BROKERAGE. Never will happen. Not to mention, that this has happened before where a CEO bought every outstanding share, and still the stock continued to trade because of illegal shorts. The stock is now halted I think, and it is hung up in the courts.
quote:Originally posted by Chartwalker: Repo. Series 7 Examination Individuals who want to enter the securities industry to sell any type of securities must take the Series 7 examination—formally known as the General Securities Representative Examination. Individuals who pass the Series 7 are eligible to register with all self-regulatory organizations to trade.
So why are you pointing people to the series 7 ex. for trading Penny's?..
My siggy link is alot quicker, and FREE!
But holy cow I was glad to have witnessed a decent post from you! One star for that
That's like saying "Why should I get a pilot's license if I'm not flying commercial jets but only prop planes?"
Guess what? Result is the same - CRASH AND BURN.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM! Posts: 6379 | From: PA | Registered: Dec 2004
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quote:Originally posted by Repoman75: Taxback, you really are missing out. The Series 7 is your broker's license, and it explains in great detail the technicalities of how the market works... its boring as sh1t, but you get an understanding of what is the underlying mechanics of the markets.
And no, I own ZERO shares here... just waiting for the inevitable collapse or rise.
I'm sure you have some cash at the ready for a play here... for the "rise" should it occur.
posted
Repo, that's why i belong to this forum. i contribute as much as possible, but given my day job / real life i don't have time to go for my Series 7. Nor do i trust many of the people in this city who have theirs. so i contribute as much as possible here, given what my strengths are, and hope that others will give back, such as yourself, given what your strengths are.
so thanks for clarifying. some of us do depend on the kindness of strangers to learn.
it doesnt necessarily mean get out of the stockmarket, it means "ask more questions".
so, thanks again. ~BB
quote:Originally posted by Repoman75:
quote:Originally posted by 10of13: Repo, perhaps it would be "out of character" for you to "shed a little" light? what would you suggest?
quote:Originally posted by Repoman75: Ahhh yes, the ole' FTD trump card. That is popping up now more and more, eh?
Some of you really need to take your Series 7 classes and learn how the markets really work. If you don't understand FTD and are investing in stocks like this, you deserve to lose money.
Actually, in this case, you have no fear from FTD's. So, whomever brought it up, is completely mistaken. FTD's have to be reconciled before settlement. A broker cannot force you to buyback shares or whatever after you sold if they find out they are illegally shorted shares. They can only make you buy back if you sell restricted shares (even if it is their mistake in a self-directed account). So, don't worry about FTD's.
Again, you people need to know how the markets work. That's how you make money.
oh my gosh!!! see even repo thinks there's hope!!!
quote:Originally posted by Repoman75: And no, I own ZERO shares here... just waiting for the inevitable collapse or RISE.
is it a full moon? Posts: 2651 | Registered: Apr 2004
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quote:Originally posted by Repoman75: Taxback, you really are missing out. The Series 7 is your broker's license, and it explains in great detail the technicalities of how the market works... its boring as sh1t, but you get an understanding of what is the underlying mechanics of the markets.
And no, I own ZERO shares here... just waiting for the inevitable collapse or rise.
I'm sure you have some cash at the ready for a play here... for the "rise" should it occur.
I'm ready to pick up 1K shares if need be... Lesson #14 - Aalways have dry powder.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM! Posts: 6379 | From: PA | Registered: Dec 2004
| IP: Logged |
quote:Originally posted by Chartwalker: Repo. Series 7 Examination Individuals who want to enter the securities industry to sell any type of securities must take the Series 7 examination—formally known as the General Securities Representative Examination. Individuals who pass the Series 7 are eligible to register with all self-regulatory organizations to trade.
So why are you pointing people to the series 7 ex. for trading Penny's?..
My siggy link is alot quicker, and FREE!
But holy cow I was glad to have witnessed a decent post from you! One star for that
That's like saying "Why should I get a pilot's license if I'm not flying commercial jets but only prop planes?"
Guess what? Result is the same - CRASH AND BURN.
Not buying that...
"I'm" a passenger, all I SHOULD have to do is buy a "ticket." IMO what's covered in my siggy link is more then what 97% a penny player needs to know, no need to pay for the info. It's all there!
posted
As far as Series 7 classes... that is where you are wrong. I am not missing anything by NOT wanting to become a "Broker" or as we have been calling it lately "Borker".
I am a family man I went to school for a much different interest and seem to know enough about the market and trading to do pretty good at it. I do not read medical journals to be healthy, I don't read law books to be legal, and I don't attend Series 7 classes to trade. Oh yeah, and sometimes I even allow a mechanic to work on my car.
If I want a Broker I pay for it. My play money is what I am dealing with here. If i want to take it to a casino I could. Honestly, I like the "odds" here better than Vegas.
-------------------- Una Mas! Posts: 2717 | From: Eville,IN,USA | Registered: Feb 2004
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posted
[QUOTE]Originally posted by betting babe: [QB] Repo, that's why i belong to this forum. i contribute as much as possible, but given my day job / real life i don't have time to go for my Series 7. Nor do i trust many of the people in this city who have theirs. so i contribute as much as possible here, given what my strengths are, and hope that others will give back, such as yourself, given what your strengths are.
so thanks for clarifying. some of us do depend on the kindness of strangers to learn.
it doesnt necessarily mean get out of the stockmarket, it means "ask more questions".
so, thanks again. ~BB
Well said Babe and your contributions are very much appreciated.
quote:Originally posted by Chartwalker: Repo, -not a pilot, -I'm a passenger
When I buy fuel I simply go to the gas station, I don't have to worry about getting a CDL or trucker's lic...
-get what I'm saying?...
Ignorance is bliss?
You do nothing but insult people's intelligence on here....you don't hold shares of cshd....go somewhere else with your holier than thou attitude. SHEESH!
Posts: 1453 | From: Wisconsin | Registered: Jul 2006
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quote: There is no special license to trade penny's...
Yes but there is a special license needed to fly a commercial airliner versus a Cesna 182. There is even a different license needed to drive a bus versus drive a car.
Fact is you do not need a commercial license to trade and you should't need one. I spend way too many hours as it is trying to see how many ways Brokers, MMs, Shorties, and CEOs can screw me over. And after 10 years, I can honestly say I am familiar with most of them.
Let's see those 20 rules... I love the fact that you are helping us laymen out today.
It's like the Grinch starting to like Christmas.
-------------------- Una Mas! Posts: 2717 | From: Eville,IN,USA | Registered: Feb 2004
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