ATURD's response to my rather lively email concerning their restricted buying of SSSU.....
10/21/2006 7:06PM
"We do understand your concern regarding the restriction on SSSU; however, please
be aware that TD AMERITRADE does not have its own inventory to fill orders. All
our orders are routed to market makers for filling. Also, at TD AMERITRADE,
SSSU is a non-marginable security and is not eligible for short selling. Please
understand that TD AMERITRADE has a right to restrict a security for the benefit
of our Clients, ourselves and the market as a whole. If we determine that
manipulative trading is being carry out, we will restrict the security. We
appreciate your understanding and are not suggesting that you are violating
trading regulations. Thanks.
Sando K.
Apex Client Services, TD AMERITRADE
Division of TD AMERITRADE, Inc."
BS? ABSOLUTELY!
it's not by chance that as soon as the market is aware of a short position on a security....BAM!!! ATURD restricts it under the guise of client protection...that kinda protection ...i don't want or need!
by the way yesterday they emailed me saying i could buy by phone!
will try again tomorrow!
jmho
zooman
"If You Buy The Best...You'll Never Be Dissatisfied"
'Doc' Sumner...My Dad!!!