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Starnes

06/03/06 11:25 AM

#854 RE: philg #853

Thanks for the input. I was never told that part of it. It is odd , though, if that is correct how they can pick and choose which of these to remove. I traded some in JPHC, purchasing at the .0002 level with no problem.

It also wouldn't be good practice for Scottrade (or any brokerage) to begin trading these low priced micros and then drop them midstream for reasons of compensation. That would more adversely affect their patrons than themselves..imo.. I was simply told personally that it was because of suspicious trading..Who really knows? I admit that Scottrade should have some written disclosures toward this type of activity. Maybe they do have it. I just haven't seen it..


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sludgehound

06/04/06 5:38 PM

#878 RE: philg #853

Izone (AMTD) got me 2M at 1s Fri

Sitting on 6 Mil now.
Had open Limit order since got 500k at 2s 6/1 am but
no fill at 1s til 2:42 Fri. Izone quite good for these. Using margin account but subs are treated as cash, i.e.. non-margin.
Meaning if one sold a major marginable stock for $ those
$ are not available same day to use to buy AWBV types.
Have to wait the T+3,
And so any $ from a sale of the AWBV types can't be used
until T+3.
That may account for some of the odd behavior in subs.
Highly liquid, easily marginable stocks attract the big
time day traders. They feel more bank for the buck using
the broker's margin loan money even tho the percent gains
are much lower. But tiny gains are more often so they
appear to be 'working'. "What, you've been sitting on
AWBV for 10 trading days and there's no move or profit!?"
"What the hell we payin' you for?"
glta here