'tax_man we don't know that
Ameritrade started this whole Fiascal as a lot of us remember. Now as you can see by the posts below Ameritrade is pulling B/S again. Posters say Ameritrade will not allow you to buy but you can sell, Why is that, They are not allowing you to short but you can sell Why is that?
We do not yet know if all the numbers match up with the T/A and the brokerage firms.
IMO Ameritrade wants shareholders to sell all the 144 Certs. WHY so they can get out of the mess they started. They will buy all the 144 certs shares for nothing because people are mad.
This is my opinion.
Now if we hold on to the Certs we may force them and other brokers to raise the SP. We all waited this long why cave into the Brokerages game?
Finally we have some progress being made. It is easy to forget how all this started when a long time as gone by and you are frustrated to boot.
I know some will sell and that is your choice but think about this, why Ameritrade is pulling this B/S.
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Posted by: CashoutflIn reply to: bullionbuyer who wrote msg# 15895 Date:5/18/2007 11:54:03 PMPost # of 15903
I assume they are trying to cover their A--es. They are proably on the hook for millions of dollars.
Posted by: CashoutflIn reply to: Dallas66 who wrote msg# 15881 Date:5/18/2007 3:11:20 PMPost # of 15903
Surprise, surprise. TDA is not taking orders for new opening positions in this stock. Bet you can sell to them?????
Posted by: bullionbuyerIn reply to: Cashoutfl who wrote msg# 15896 Date:5/19/2007 12:00:12 AMPost # of 15903
That is what I think. The pressure is on them now.
Posted by: A FriendIn reply to: tax_man who wrote msg# 15887 Date:5/20/2007 4:27:43 PMPost # of 15903
Tax Man ...
I looked into taking on a NEW PAVC short position, but was informed that short sales on this security were not allowed, as they were unable to borrow the shares. (Wonder why?!) On the subject of shorts, A Friend of mine made a short sell back in May '06, for 1.5M PAIV shares at a .002 price. Following his $3,000 short sell, a series of short squeeze plays followed, making his short position looked rather grim. Especially when the PAIV pps hit .35, which put him on the hook for a big loss. Well, he survived the short squeeze, and the R/S took place, which resulted in a 7,500 PAVC short position. Now that the current PAVC pps has dropped down to .35, he can actually come out of a year long short hold nightmare ... money ahead! What I find amazing about this story is that nobody gave him a chance in hell to come out of ahead. Instead, old S-I-T-S @ .002, will probably come out money ahead of the current bag holders. Hummm ... I wonder how many more long short positions are out there, just waiting to cover cheap?
AI
