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Re: Serendipitous post# 20170

Tuesday, 01/18/2011 1:24:45 PM

Tuesday, January 18, 2011 1:24:45 PM

Post# of 91121
etmm,after failing to shake loose shares needed this morning to cover,raised it rapidly to just above .01, hoping people in the euphoria of the rapid rise would foolishly set stops close at the round # of .01 and then kept revolving the price around that figure to trip stop losses.
They will probably walk down if they can.

Ironically ,when I was looking for a broker that allowed stop loss on pennies(I could only find one that admitted to this)Etrade(etmm)had the most erroneous info-they said not only does no broker allow stops for pennies,the SEC prohibits it. That info was of course nonsense and I told the broker so.