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PIZZABUSTER1

05/22/07 4:11 PM

#14243 RE: DFDSQUAD3 #14237

nothing wrong with 10 percent penny pinching, what pisses me of is market makers involved in the flipping process,, and anytime we go to buy i usually have to pay 3 tenths premeium,, or sometimes 4 tenths premium,,, yes the market makers are short for sure but they are flipping to disguise the volume in the middle plus they produce the funds to continue there sleezball games,,, im ok sorry , just everyone working very hard to stablize and to get this baby noticed and get it going, . they just slow our process down, maybey a call to guido send him to the floor of exchange ,, forgetaboutit,,
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pennyjunkie

05/22/07 4:18 PM

#14245 RE: DFDSQUAD3 #14237

OK DFD you asked for it...
We can flip as much as we want...
so long as we don't sell stock purchased
with unsettled cash (until it settles).

Day trading is another matter...
pattern day trader

An SEC designation applying to any individual who buys and sells a particular security in the same trading day at least four times in a five-day period, and for whom same-day trades make up at least 6% of the trader's activity during that period. Pattern day traders are subject to special rules.

The NASD passed new margin rules in September 2001 that require active traders to have $25,000 of trading capital for active traders. These rules apply to anyone who fits the SEC's new definition of a "pattern day trader"