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Re: LBJohnnyD post# 109102

Saturday, 04/05/2014 10:04:06 AM

Saturday, April 05, 2014 10:04:06 AM

Post# of 298910
That just means the seller reserves the right to cancel the order. That way if the stock tanks or skyrockets they can place a new order. Its like if you had a good til cancelled limit order for $1 and all of a sudden you believe the stock will make a strong run way past that so you cancel or amend your order to account. The order placed has a sale date and unless he files another 144 canceling the order, it will go through on the 15th.

Why would he amend the shell status of the company, then place a sell order with his brokerage which subsequently files the 144 with a sale date if he didn't want to sell?


Oh...

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