Tuesday, December 04, 2007 4:46:39 PM
UBSS is a company that facilitates trades on the open market. They don't own shares, their customers do. For example, say you wanted to sell your shares of WRII. So you go into your scottrade account and tell scottrade to execute the sale and such and such a price. Scottrade then calls up an investment bank, such as UBSS, and tells them what you told your scottrade broker. UBSS then calls their man on the floor etc. and the trade is executed. Its probably a lot simpler now with the Internet; and considering how big of a bank UBSS is, I'm not surprised you guys think UBSS is to blame when you look at Level II and think, "damn I'm smrt for looking at level II" inflating your already inflated egos.
This is exactly the reason the majority of people don't ever make money in the pinks: they completely buy into the level II BS, which is basically meaningless. However, the few that stick it out will profit...does anybody remember SPEA? or more recently MWXI? Catch my drift?
Check out the board:
http://investorshub.advfn.com/boards/board.aspx?board_id=12773
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