I bought 1.5 mil and 1 mil PAIM totalling 2.5 Mil after 90% buyback what i See in my account is 2.5 Mil contract and 1.5 mil as preffered shares could anybody explain me how this happened is my preffered shares number are correct or it should be more?
And please explain me how and at what price we can convert perffered shares! is it worth to do it now?
Now everybody is talking about debantures, is my 2.5 mil contract is debanture and what is the story behind converting them?
I would really apperciate you help in this i am completely confused.
posted
this suks...prices changes in our favor but no hands to buy...its been slow all day for the first time since i have been watching it...volume is pretty low compared to where it has been the past couple days...meh
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posted
I mean seriously....think about this logically. We were trading between .0035-.004 about 20 minutes ago. Who in their right mind would be selling at .0025 right now?? I don't care how scared some people might be, no SMART person would be selling right now so it's gotta be games by the MM's IMO. Just doesn't make any sense at all to sell at .0025 when we were just at .004. Common sense!
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Quote: Originally Posted by Lee Thats what i just got from ScotTrade trying to place an order for another million shares of PAIM
Ill be damned if im calling my local branch to place the order because they are about as much use as a hole in the head lol
This is why we are in the red right now. MM's have control as many invetors can't buy. The only thing the MM's can do is get you to sell so they can get your shares. Some brokers are allowing buys but those are the brokers that have the required shares to send or have all ready sent to DTC. All you have to do is DONT SELL YOUR SHARES. Remove any stop loss or sale orders so you don't get caught in a shake down accidentally.
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posted
Yea, that could be a reason why no buys are going thru and volume is low. What does this mean if a stock is restricted? If the shares are short and the stock is restricted, is that a good or bad thing?
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posted
scottrade said : paim = no more online buys...gota go through them...hmmm wonder what this is all about, i never seen or been in a weirder stock.
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posted
Here is a post from another site regarding why Ameritrade isn't allowing trading online...I'm assuming it's the same with scottrade.
" Here is the official email from Ameritrade:
I apologize for any confusion. As of 7/28/06, PAIM has been added to our suspicious trading symbols list and now requires that opening transactions be placed via a broker.
When a stock has been reported to TD AMERITRADE by various third party sources as having suspicious trading activity associated with it, we may make the decision to add the symbol to the suspicious trading list. Once this happens trades for these securities can only be done through a broker.
You are welcome to call 888-871-9007 between 7:00 a.m. and 5:30 p.m., excluding market holidays, to place the trade with a broker at the Internet rate.
Thank you,
Toni B. Apex Client Services, TD AMERITRADE Division of TD AMERITRADE"
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posted
Now it really ticks me off when these brokerages use this excuse. It just doesn't make sense and they contradict themselves. Basically what they are saying is that they are looking out for us by not allowing us to buy online because of suspicious trading activity, but if we call them up they will be more then happy to screw us??? Can someone explain the sense in that?
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quote:Originally posted by JerZeyDeViL: Here is a post from another site regarding why Ameritrade isn't allowing trading online...I'm assuming it's the same with scottrade.
" Here is the official email from Ameritrade:
I apologize for any confusion. As of 7/28/06, PAIM has been added to our suspicious trading symbols list and now requires that opening transactions be placed via a broker.
When a stock has been reported to TD AMERITRADE by various third party sources as having suspicious trading activity associated with it, we may make the decision to add the symbol to the suspicious trading list. Once this happens trades for these securities can only be done through a broker.
You are welcome to call 888-871-9007 between 7:00 a.m. and 5:30 p.m., excluding market holidays, to place the trade with a broker at the Internet rate.
Thank you,
Toni B. Apex Client Services, TD AMERITRADE Division of TD AMERITRADE"
I bought online this morning using Ameritrade
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quote:Originally posted by JerZeyDeViL: Here is a post from another site regarding why Ameritrade isn't allowing trading online...I'm assuming it's the same with scottrade.
" Here is the official email from Ameritrade:
I apologize for any confusion. As of 7/28/06, PAIM has been added to our suspicious trading symbols list and now requires that opening transactions be placed via a broker.
When a stock has been reported to TD AMERITRADE by various third party sources as having suspicious trading activity associated with it, we may make the decision to add the symbol to the suspicious trading list. Once this happens trades for these securities can only be done through a broker.
You are welcome to call 888-871-9007 between 7:00 a.m. and 5:30 p.m., excluding market holidays, to place the trade with a broker at the Internet rate.
Thank you,
Toni B. Apex Client Services, TD AMERITRADE Division of TD AMERITRADE"
I bought online this morning using Ameritrade
they just started stopping online buys, gota go through your broker over the phone...i wouldnt do that but thats all thats left now to grab some PAIM...hopefully this means something good ( lol )
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quote:Originally posted by Stock: im glad i got my hands on my 2 mil AFTER the whole preffered/convergence crap now i need this sucker to move UP
So if people buy from here on out...there is no more of that preffered/convergence stuff? So if someone holds overnite somehow overnit their shares wont be converted? Just started following this one
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posted
whats wrong with them accumulating shares..fuk em'...let them have all the shares...as long as they push the price up i dont give a sh1t
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