posted
this is bull****, i had to buy back the shares at .0059 that i shorted on friday. Right now i have no paiv shares showing in my account and my account is negative balance ... just ****ed up brokers dont want to take any blame as to what hppnd. any help guys?
Posts: 4071 | Registered: Dec 2005
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Fuzzy, you're f$cked basically. You can try the SEC and legal action but... in the short term, you screwed. Be thankful you bought back at that price.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM! Posts: 6379 | From: PA | Registered: Dec 2004
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I don't know if this pertains to your situation or not, but we all, meaning the capital markets need to get back to investing in companies as opposed to trying to make money off others mistakes. It sounds like this time the game was played against you.
I have been on the sidelines watching this and I am pretty sure that a lot of investors/flippers are going to loose their a$$. It's pretty sad actually...makes you wonder if it was all planned?
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JohnWayne. The ones that have to cover their short positions will loose. Others will win. It just kinda makes me sad that some people will loose all their money to others in a brokerage mistake. This isn't what the capital markets were designed for...it is a problem that needs to be addressed soon IMHO.
In the meantime welcome to the pink sheets I guess.
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This is the big problem tha I have with the whole thing. People always say "Never invest in penny stocks with money that you can't afford to lose." No one ever says "Never invest in penny stocks at all, because you have the potential to lose 10-20x your money because you accidentally shorted a stock."
quote:Originally posted by gnulnx: JohnWayne. The ones that have to cover their short positions will loose. Others will win. It just kinda makes me sad that some people will loose all their money to others in a brokerage mistake. This isn't what the capital markets were designed for...it is a problem that needs to be addressed soon IMHO.
In the meantime welcome to the pink sheets I guess.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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i talked to my broker, he said they're still in meetings about it and will let me know more as soon as they know whats going to happen. but for now they took all my buying power from my account and on top of that i have a big negative amount showing Posts: 4071 | Registered: Dec 2005
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posted
Just remember.. if Ameritrade has the MM's working on their side today, it will come down hard some time today. Has to be today. If that happens, watch for huge block trades to show up from TDCM. If THAT happens, buy. Buy all that you can.
Why? That means Ameritrade is covering in anticipation of breaking trades.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM! Posts: 6379 | From: PA | Registered: Dec 2004
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PCola. Well said. This crap has to stop. Now we get to sit here and watch others try to force even more from the victims out of pure greed. American Capitalism at it's finest!
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scottrade just told me that the shares are restricted and I will not be able to sell my JPHC shares that have become PAIV!!! What is up? Any Scottrade folks have other info?
Thanks....
-------------------- I teach in the middle of a cornfield-Do your own DD and don't base your investments on my opinions Posts: 599 | From: AmishLand, PA | Registered: Jan 2006
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Where have you been man? The shares are restricted, that's what caused this whole mess in th first place. Ameritrade let people sell tham ,and they shouldn't have, now they have to buy them back.
quote:Originally posted by ARTTEACHER: scottrade just told me that the shares are restricted and I will not be able to sell my JPHC shares that have become PAIV!!! What is up? Any Scottrade folks have other info?
Thanks....
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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could see better day than yesterday today L2s shaping nicely to see a good increse
Posts: 199 | From: beach, sc | Registered: Mar 2006
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tons and tons of buys at .011 this morning looks like a lot of mirror trading too!!!
Posts: 199 | From: beach, sc | Registered: Mar 2006
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quote:Originally posted by PCola77: Where have you been man? The shares are restricted, that's what caused this whole mess in th first place. Ameritrade let people sell tham ,and they shouldn't have, now they have to buy them back.
quote:Originally posted by ARTTEACHER: scottrade just told me that the shares are restricted and I will not be able to sell my JPHC shares that have become PAIV!!! What is up? Any Scottrade folks have other info?
I have been dealing with 120 seniors with 4 days of school left bro and trying to keep my liver from not exploding due the alcohol requirements that keep me sane......have not had the time to be keeping up with this one...only have a million shares of JPHC...oh well...realized loss...move on
thanks for the info...
Thanks....
-------------------- I teach in the middle of a cornfield-Do your own DD and don't base your investments on my opinions Posts: 599 | From: AmishLand, PA | Registered: Jan 2006
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