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Re: Gopher Gold post# 11582

Sunday, 03/13/2011 11:08:36 PM

Sunday, March 13, 2011 11:08:36 PM

Post# of 95380
I am definitely NOT saying that this would happen with PSPW, but if the so-called "intent" of this rule is to save "unsophisticated" investors from losing money, I think the REVERSE could actually happen. A trader on his 4th trade may be inclined to hold onto his/her position overnight to avoid the idiotic designation as a "pattern day trader." News could come out during the night and the stock could plummet, thus causing a loss.