InvestorsHub Logo
Followers 5
Posts 645
Boards Moderated 0
Alias Born 02/22/2007

Re: veloyt post# 31447

Friday, 04/13/2007 10:49:52 AM

Friday, April 13, 2007 10:49:52 AM

Post# of 143047
I have been holding more shares than I wanted to for diversity reasons. I called up Ameritrade and placed an order to sell some. They told me even though my account had them listed as CHNW, they could go ahead and sell them as EFGO, as long as I took the risk that if the name change didn't go through, then I would be long CHNW and short on EFGO and I would have to cover that @ market prices...which I think I understand, but they said the CUSIP name change rarely gets reversed, though it could happen, but it wasn't likely. As long everything went through as planned it would fix itself on Monday...but that I was able to buy and sell CHNW/EFGO using the phone broker.

When I first called they were just going to charge me the internet rate since I couldn't use the internet, and then, since it took so long, they gave it to me for free. We'll see...

Remember the Widows and Orphans.