posted
This is what I got from Izone/Ameritrade when I asked them why I can sell but not buy. I asked them point blank if they were SHORT heavily....
THEY EXCLUDED MY ORIGINAL MESSAGE for some reason !!!
----- START OF EMAIL FROM IZONE -----------------
Dear .....
Thank you for your email. Activity in this security has led us to take precautions to protect our clients and our firm; therefore opening transactions in this security are not being accepted.
Please note, Izone does not allow short selling of any pink sheet or bulletin board stocks.
Sincerely,
Client Services Ameritrade Izone Division of Ameritrade, Inc.
Original Message Excluded: -------------------------
----- END OF EMAIL FROM IZONE -----------------
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posted
Write back and say you appreciate the concern, but feel like you are educated enough that you would rather not have their knights in shining armour trying to protect you. If you buy and lose your money, it is on you and not them, They have no legitimite right or reason to keep you from buying. It's not like if you lose money on a stock you can say the broker shouldn't have let you buy.
quote:Originally posted by PCola77: Write back and say you appreciate the concern, but feel like you are educated enough that you would rather not have their knights in shining armour trying to protect you. If you buy and lose your money, it is on you and not them, They have no legitimite right or reason to keep you from buying. It's not like if you lose money on a stock you can say the broker shouldn't have let you buy.
What a bunch of sh*t
I did as you told me : My new mail to them. Let us see what they say... --------------------------------------------------
Hi izone,
I do not like the vague reply that I just got from you all about Ameritrade not ALLOWING BUYS, but happily accepting SELLS on HVLN security.
I appreciate the concern about trying to protect me all of a sudden for HVLN. I am educated enough and would not like "protection".
It is not as if you had protected me from losing money before. Trading involves risk an I know that. I would not be trading if I did not realize that. I would have gone for fixed deposit.
You have no legitimite right or reason to keep me from buying.
It's not like if I lose money on a stock, I can say the broker shouldn't have let me buy.
Please respond with a clearer answer that does not involve protection of poor me !!!.
Otherwise, I will be forced to move to some other brokerage who has a more transparent policy, not selective ones....
posted
Well, I didn't mean to "tell you to do that", but I really like what you wrote. Shows enough anger and frustration without sounding like a raving idiot, and threatening to move money to another broker is probably the only thing that ever gets their attention, so I like that you put that in. Keep us updated.
I currently use Choicetrade, and they have been allowing me to add to my posiition with no problem. I have yet to find someone who was unhappy using them.
I'd defnitely have written a similar e-mail if I was using a broker that was trying to "protect" me like that.
quote:Originally posted by PCola77: Well, I didn't mean to "tell you to do that", but I really like what you wrote. Shows enough anger and frustration without sounding like a raving idiot, and threatening to move money to another broker is probably the only thing that ever gets their attention, so I like that you put that in. Keep us updated.
I currently use Choicetrade, and they have been allowing me to add to my posiition with no problem. I have yet to find someone who was unhappy using them.
I'd defnitely have written a similar e-mail if I was using a broker that was trying to "protect" me like that.
Take care.
What about Bank of America ? I heard that they will give you free trades if you maintain $25K ( which I can) Do they have same issues like izone/Ameritrade ?
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quote:Originally posted by PCola77: Well, I didn't mean to "tell you to do that", but I really like what you wrote. Shows enough anger and frustration without sounding like a raving idiot, and threatening to move money to another broker is probably the only thing that ever gets their attention, so I like that you put that in. Keep us updated.
I currently use Choicetrade, and they have been allowing me to add to my posiition with no problem. I have yet to find someone who was unhappy using them.
I'd defnitely have written a similar e-mail if I was using a broker that was trying to "protect" me like that.
Take care.
Can't go wrong with Choicetrade. Never once has a stock been restricted to buy from Choicetrade. They don't care what you buy just as long as you pay the $5 commission!
Btw, nice letter. Now it's time to switch!
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posted
Got this warning about a potential reply, from the ihub board. Let us see if they do that !!!!
I bet you they tell you they submitted it to some "complaints dept." or something, with a note saying they will get a response back to you in 4-6 weeks. I saw a response similiar to that with PAIV, I believe. GLTY,GLTA(except shorts)
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posted
I haven't used B of A, so I can't answer that. Although from what I've read, pretty much anything is better that E*Trade, Ameridtrade and Scottrade (at least for penny stock traders, I can't say I ever had problems with any of them when I traded "normal" stocks)
quote:Originally posted by bksundar:
quote:Originally posted by PCola77: Well, I didn't mean to "tell you to do that", but I really like what you wrote. Shows enough anger and frustration without sounding like a raving idiot, and threatening to move money to another broker is probably the only thing that ever gets their attention, so I like that you put that in. Keep us updated.
I currently use Choicetrade, and they have been allowing me to add to my posiition with no problem. I have yet to find someone who was unhappy using them.
I'd defnitely have written a similar e-mail if I was using a broker that was trying to "protect" me like that.
Take care.
What about Bank of America ? I heard that they will give you free trades if you maintain $25K ( which I can) Do they have same issues like izone/Ameritrade ?
quote:Originally posted by PCola77: Well, I didn't mean to "tell you to do that", but I really like what you wrote. Shows enough anger and frustration without sounding like a raving idiot, and threatening to move money to another broker is probably the only thing that ever gets their attention, so I like that you put that in. Keep us updated.
I currently use Choicetrade, and they have been allowing me to add to my posiition with no problem. I have yet to find someone who was unhappy using them.
I'd defnitely have written a similar e-mail if I was using a broker that was trying to "protect" me like that.
Take care.
Can't go wrong with Choicetrade. Never once has a stock been restricted to buy from Choicetrade. They don't care what you buy just as long as you pay the $5 commission!
Btw, nice letter. Now it's time to switch!
I will try choicetrade. Looks like they too are charging $5 for pinks etc like izone. I do not care about izone anymore.... But would like to see if BofA gives same or better service, since they are offering free trades. I like Freetrades (currently izone) between 2003 to April 2005 when I saved thousands in commmissions, since they used to charge the usual 0.06 cents trsnsaction fee for a round trip trade, that too at the time of selling....
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posted
They replied to my first email in a second, but now I have silence from them. I will keep you guys posted as soon as I get a reply....
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really though, I'd be interested to see what they have to say. Because really, what COULD they say?
1) We think it's a scam 2) We're short the stock and don't want you competing with us in buying them back 3) We have reason to believe the stock won't trade again on pinksheets or OTCBB
I can't see how they would be willing to say any of those things, so I would be floored if you got any additional info out of them, other than "We'll send your concerns to the appropriate party" and hope you never follow up on it.
quote:Originally posted by bksundar: They replied to my first email in a second, but now I have silence from them. I will keep you guys posted as soon as I get a reply....
quote:Originally posted by PCola77: I'm shocked...
really though, I'd be interested to see what they have to say. Because really, what COULD they say?
1) We think it's a scam 2) We're short the stock and don't want you competing with us in buying them back 3) We have reason to believe the stock won't trade again on pinksheets or OTCBB
I can't see how they would be willing to say any of those things, so I would be floored if you got any additional info out of them, other than "We'll send your concerns to the appropriate party" and hope you never follow up on it.
quote:Originally posted by bksundar: They replied to my first email in a second, but now I have silence from them. I will keep you guys posted as soon as I get a reply....
Simply put, TD Ameritrade has made a business decision to restrict HVLN to closing transactions only. If you own the stock, we will allow you to sell, however no purchases are being accepted. Our competitors have brought to our attention that this stock has been traded manipulatively in the recent past. This is for an indefinite amount of time, meaning it could be restricted for two weeks or it could be two months. This is to protect our interests as well as your's. The brokerage industry has lost a considerable amount of money this year to fraud issues, therefore we are taking every possible precaution to combat this. I understand and apologize for your frustration, however at this point, there is nothing else we can do.
Sincerely,
Justin W. Trade Resolution, Ameritrade Izone Division of TD AMERITRADE, Inc.
posted
Wow, I'm surprised you got as detailed an answer as you did. Though I'm curious how restricting you from buying will save them from anything other than getting their commission from you. AWful nice of them to protect you from a "manipulated stock". I assume that means that they don't allow trading on any pink sheet stocks, right? (I'm rolling my eyes right now...
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quote:Originally posted by PCola77: Wow, I'm surprised you got as detailed an answer as you did. Though I'm curious how restricting you from buying will save them from anything other than getting their commission from you. AWful nice of them to protect you from a "manipulated stock". I assume that means that they don't allow trading on any pink sheet stocks, right? (I'm rolling my eyes right now...
This reply really puts a spotlight on them. They are really saying that we do not care if you lose money. But we will do our maximum to not lose our money !!! (because they are really short)
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posted
Okay, I hope everyone reads this, not just people in AWYB/HVLN. I opened an Ameritrade account yesterday with the sole reason being to ask them why they weren't allowing buys in HVLN. Either they are 100% full of sh*t or there are some brokers with some pretty f***ing pathetic security out there. Either way, um, wow!
This is f***ing priceless. Has to be the dumbest excuse I've ever heard.
My e-mails to Ameritrade (I played dumb to see what kind of answer I'd get, as opposed to being aggressive right off the bat):
"Hello, I recently tried to purchase 1000 shares of HVLN and got an error. I just opened this account so I am not sure if I am doing something wrong in placing this order."
their response:
"HVLN is currently restricted to closing transactions only. If you own the stock you can sell it, but we are not accepting opening transactions. This stock has been reported to be traded fraudulently in the recent past. To protect our clients and our own interests, we have made a business decision to restrict the trading on it."
My reply:
"Wow, thanks for the info. One of my best friends recommended this stock to me and has a lot invested in it. Can you tell me what you mean by traded fraudulently so I can let him know?"
Their response:
"One of our competitors brought to our attention that this security was traded fraudulently within the past few weeks. By fraudulently I mean, criminals hack into random accounts, liquidate larger stock positions and start buying up small stocks such as this. This drives up the price, at which time they then sell their position out of their own account at an inflated price. This scam is called pump and dump and is one example of how hackers/criminals scam the system. When you see an OTCBB stock such as HVLN being restricted to closing transactions only, it is more than likely due to some form of fraud such as this."
My reply (I'm not expecting a reply to this one...):
"Thank you for the information. I will alert my friend. But in all honesty, wouldn't a better option be to update your security so that people aren't hacking your systems with regularity? That is fairly frightening to me."
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posted
POSTED FROM THE HOT STOCKS BOARD : CLARIFICATION on AWYB/HVLN for all members, except LoseMoneyMoneyMoney
-------------------------------------------- Time will tell... Let us hope we have a PAIV situation $1 to $70 short !!! ---------------------------------------------
Let me clarify this , since there are some morons twisting this statement.
I hope we have a similar situation like PAIV going from $1 to $70 . Does not mean that I think this stock will go to $70. I hope this stock has a PAIV like SHORT SQUEEZE situation. I will be happy if it goes to $1-$2 range (0.0002 to 0.0004 range pre reverse split 1:5000)
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posted
"Thank you for the information. I will alert my friend. But in all honesty, wouldn't a better option be to update your security so that people aren't hacking your systems with regularity? That is fairly frightening to me." [/QB][/QUOTE]
They gave me the same stupid lame ass answer. Either hacking 128 bit encryption is really easy to hack or they have a high school intern doing their security for them. Ask them which one is it? BTW, what was his answer to your question? "No comment"?
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On behalf of the Harvard Learning Centers, Inc. (the “Company”), we would like to thank everyone for all the get well cards, notes and gift baskets you have sent Mr. Platten following his emergency heart surgery last week. For those of you who did not know, Mr. Platten had a triple heart bypass operation last Monday. He went in to the doctor’s office on Monday last week for a routine cardiac exam and ended up having a triple bypass operation that very day. Mr. Platten is currently recuperating and is under restrictions for the next six weeks.
Not withstanding the foregoing, Mr. Platten is actively monitoring developments regarding the Company. He specifically wanted to wish everyone a Happy Thanksgiving, thank you for your well wishes and give the loyal shareholders an update of new developments as follows:
For the loyalty that you have shown, we have decided to give our loyal shareholders a dividend for the holidays. Specifically, each shareholder of the Company of record as of December 31, 2006 will receive a dividend of one share for each share then owned by such shareholder. The mechanics of the dividend distribution are currently being discussed with the company’s transfer agent.
With the merger and reorganization out of the way, Mr. Platten and the Company’s management team are now focusing on developing the Harvard Learning Centers’ Inc.’s business. As a first step, the Company has hired a new marketing director to build a strong sales force to promote the Company’s services. With this aggressive marketing effort, we are hopeful that the Harvard Learning Centers Inc. will be able to significantly expand its client base.
We anticipate that these developments will have a meaningful impact on the Company’s bottom line thereby increasing shareholder value. At the same time, we all have to be mindful of the efforts that we have taken thus far to aggressively deal with those who have chosen to short the company’s stock. We believe we will be able to unlock the Company’s potential once we have forced the shorts to cover their position. However, if some shareholders sell the Company’s stock below the closing price before the mandatory certs exchange, the shorts will have won once again.
Again, thank you for your patience and loyalty thus far and we are hopeful that the shorts will not be able to delay the day of reckoning forever.
posted
Just read that...Looks good! Now lets see if Don can follow thru after he recovers...Btw, anyone know when we'll be on Pinks? This grey market is terrible, geez...
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posted
from jerry maguire: i was my father's son again
a mission statement...
this is gonna be a little bit more than the law will allow, but here we go...
here we are in a very interesting situation...1st i'd like to say that every 1 of the men in this forum of are 1 of the highest % of intelligence in the population when it comes to the understanding of the market...on this position we have i enlightened on the fact of ihubers saying they got settlement calls...they did, i was one...its very interesting how this whole deal is playing out, i warned even though i belive this to teen the institution can be just as creative to shake it out...i will also note that i am really not to impressed with the basher that goes on in this game not only by the shakers but by the shareholders that pound the mm's...we should wake up every morning thanking god we have them offering us opportunity...i lke the hub but the bashing is 2 way, and i dont even glance at rb anywore...the intelligence is here on this site in which i'll ask a ? to my fellow colleagues, "why is that"...shareholders threatening the mm's with investigations and imprisonment...LOL...get a life...i would settle my shares right now for a third of my gtc, which is the same as it was post merger and yes after my inquiry to the actions department value has been posted...but to watch the shake attempts on the greys are absurd, they are still shorting some in attempt to shake, test buys i know of are having hard time getting thru at 45 when they are bouncing it 15/30...this divy talk by the end of dec is simple, hold your shares the squeeze will happen b4 then...evrybody wants to say the 15c211 approval will be stalled by the institutions to help shorts when the reality is they want to get the situation taken care of, as do short mm's...these people are human and make mistakes...when they do it, they offer us opportunity, dont bash em for it, help em, make money and go on with your life...with all this being said and i left alot out i wish i was more of a personal friend with some of the genuises in here and i am always paying attention to their input, but can anyone tell me why this board is so clean compared to the crap produced on the others
quote:Originally posted by HurricaneBob: from jerry maguire: i was my father's son again
a mission statement...
this is gonna be a little bit more than the law will allow, but here we go...
here we are in a very interesting situation...1st i'd like to say that every 1 of the men in this forum of are 1 of the highest % of intelligence in the population when it comes to the understanding of the market...on this position we have i enlightened on the fact of ihubers saying they got settlement calls...they did, i was one...its very interesting how this whole deal is playing out, i warned even though i belive this to teen the institution can be just as creative to shake it out...i will also note that i am really not to impressed with the basher that goes on in this game not only by the shakers but by the shareholders that pound the mm's...we should wake up every morning thanking god we have them offering us opportunity...i lke the hub but the bashing is 2 way, and i dont even glance at rb anywore...the intelligence is here on this site in which i'll ask a ? to my fellow colleagues, "why is that"...shareholders threatening the mm's with investigations and imprisonment...LOL...get a life...i would settle my shares right now for a third of my gtc, which is the same as it was post merger and yes after my inquiry to the actions department value has been posted...but to watch the shake attempts on the greys are absurd, they are still shorting some in attempt to shake, test buys i know of are having hard time getting thru at 45 when they are bouncing it 15/30...this divy talk by the end of dec is simple, hold your shares the squeeze will happen b4 then...evrybody wants to say the 15c211 approval will be stalled by the institutions to help shorts when the reality is they want to get the situation taken care of, as do short mm's...these people are human and make mistakes...when they do it, they offer us opportunity, dont bash em for it, help em, make money and go on with your life...with all this being said and i left alot out i wish i was more of a personal friend with some of the genuises in here and i am always paying attention to their input, but can anyone tell me why this board is so clean compared to the crap produced on the others
you're saying this is on greys, yet it's getting sold short?
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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quote:Originally posted by HurricaneBob: from jerry maguire: i was my father's son again
a mission statement...
this is gonna be a little bit more than the law will allow, but here we go...
here we are in a very interesting situation...1st i'd like to say that every 1 of the men in this forum of are 1 of the highest % of intelligence in the population when it comes to the understanding of the market...on this position we have i enlightened on the fact of ihubers saying they got settlement calls...they did, i was one...its very interesting how this whole deal is playing out, i warned even though i belive this to teen the institution can be just as creative to shake it out...i will also note that i am really not to impressed with the basher that goes on in this game not only by the shakers but by the shareholders that pound the mm's...we should wake up every morning thanking god we have them offering us opportunity...i lke the hub but the bashing is 2 way, and i dont even glance at rb anywore...the intelligence is here on this site in which i'll ask a ? to my fellow colleagues, "why is that"...shareholders threatening the mm's with investigations and imprisonment...LOL...get a life...i would settle my shares right now for a third of my gtc, which is the same as it was post merger and yes after my inquiry to the actions department value has been posted...but to watch the shake attempts on the greys are absurd, they are still shorting some in attempt to shake, test buys i know of are having hard time getting thru at 45 when they are bouncing it 15/30...this divy talk by the end of dec is simple, hold your shares the squeeze will happen b4 then...evrybody wants to say the 15c211 approval will be stalled by the institutions to help shorts when the reality is they want to get the situation taken care of, as do short mm's...these people are human and make mistakes...when they do it, they offer us opportunity, dont bash em for it, help em, make money and go on with your life...with all this being said and i left alot out i wish i was more of a personal friend with some of the genuises in here and i am always paying attention to their input, but can anyone tell me why this board is so clean compared to the crap produced on the others
you're saying this is on greys, yet it's getting sold short?
^---- Question. Now answer please???
-------------------- I buy fast and sell faster!
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quote:Originally posted by kermit42: Several people report receiving this email from Don this morning:
-----Original Message----- From: Donplatten17*aol.com [mailto:Donplatten17*aol.com] Sent: Wednesday, November 29, 2006 7:19 AM To: XXXXXXXX Subject: Re: 15c2-11 Question
We will be on the pink by Monday
Interesting, I haven't seen this email yet. Hopefully it's Don talking and not his drugs Should be interesting once we start trading on Pinks...
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i'm on vacation...can you say ky bourbon...i dont have a clue what i was thinking the night i typed that paragraph, i think that is obvious in its opening though, that i was tanked LOL...so nobody take anything i said there to heart, i know i'm not...the position here still looks good
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quote:Originally posted by PCola77: Wow, I'm surprised you got as detailed an answer as you did. Though I'm curious how restricting you from buying will save them from anything other than getting their commission from you. AWful nice of them to protect you from a "manipulated stock". I assume that means that they don't allow trading on any pink sheet stocks, right? (I'm rolling my eyes right now...
I trade Pinks and OTC all the time on TDA
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