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Re: nep2134 post# 29215

Thursday, 01/25/2018 1:04:07 PM

Thursday, January 25, 2018 1:04:07 PM

Post# of 30990
Ok, I'm totally out. Didn't do bad unloading over 4 million shares of a bankrupt company. Actually got the price to go up the more I dumped. Amazing if I say so myself.

I still don't know what happened at the court hearing. I assume that if it hadn't gone as planned that I would have heard something from Linda. So I assume it's over except for the judge to approve the sale. Beyond me. I'm not seeing any more fillings.

So I started dumping on the 10th and shouldn't have panicked on the 12th and dumped those at .0005 but still had almost 4 million to go. Figured .0005 was better than nothing. But then the next week bids started coming in and I was, whoa, let's trade this. Just the ones today I averaged over .00095. No idea what my average price was, but under .0015 which would have been about $6,000 and it looks like I got $3,031.20 so I didn't even lose 50% on it. And the small loss is a rounding error. Would have spent more money on lawyers objecting.

A few interesting things, Schwab, which is so stupid, won't let you put in more then 999,999 for the number of shares to trade. I'm actually now short 800 in one account and long 800 in a different one. After I got a fill on my 500,000 @ .0009 I lowered the ask on another 400,000 to .0009. And then changed another ask to everything else I had left at .001. But Schwab was showing 800 more in that account than it had. If I had clicked sell all it would have included them, but I just subed 400,000 from what they said was there. So when it filled today, I actually shorted 800 shares. And it's now showing -800 in that account. And 800 in a different account that I have no intention of spending $4.95 to get rid of. So did I some how save myself $4.95 since I'm technically flat? Schwab is so stupid.

Here's a weird thought, maybe I shorted them from myself. Sweet. I'm just going to leave them.

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