"The only thing I can say is, I am going to hold this stock until it plays out. If I lose my money I am going to have my lawyers go after TDA for every cent I lost."
That is why they aren't allowing their customers to buy CSHD. TDA didn't become one of the largest online trading companies in the world by not protecting their own interests. While you're at it, you should file a suit against paid bashers and naked short sellers.
"Ameritrade's actions just validates the upcoming reset IMO."
Today, 08:21 AM #2981 herd1996 HSM Enthusiast
Join Date: May 2006 Posts: 664
I repeat....Ameritrade did this very same thing with PAIM last month. Ameritrade was short a load of PAIM shares when they placed the buying restirction on it and now they have it off now that they are covered. It is thie same thing now with CSHD. Ameritrade is doing this now so they can keep the stock around the $1 range as they know they will have to pay $20 or more at the beginning of October to cover once the reset is complete. If anything, Ameritrade's actions just validates the upcoming reset IMO.
I suggest you read your brokerage agreement. It probably gives them the right to do that, and also requires arbitration and not court. in my experience, that's how they set 'em up.
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