Tuesday, June 28, 2011 1:23:48 PM
I have Ameritrade. . . . to me that means that after the symbol changes there is a 90% chance I won't have access to my shares for a few days maybe more. So, that being said, if I hold here for the split and the price drops or goes up I may not be able to do anything. Now to make matters worse as in the case of another stock I own that did a F/S, Ameritrade will not allow any new positions, if that happens there won't be anyway to average down should I need or want to and instead of facing a 75%-90% loss I could be facing an even bigger one.
Now that leaves me with option 2 which is to sell with a market order by today so that I know my funds will be available on Monday for sure. This would give me a sell price somewhere between .00005-.00009 and roughly a 80%ish loss with the hope of buying at the dip next week. Now if Ameritrade decides they are not accepting opening positions then that won't work.
I guess option 3 would be to hold through the mess, hope that the 10-Q is amazing and they drop some PR's and we start heading toward $1.
Dilemma, dilemma, dilemma. . . . . .
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