Replies to post #439 on Viva World Trade Inc (VVWT)

[adamp]

I got a small fill at .28 over the phone (finally). I was on hold 10 minutes. If it wasn't for the restriction, we might have seen some serious action here today.
I don't get it. There has to be a ton of people trying to buy in on this. I can't think of a greater deterrent than having to call a broker, sit on hold forever, just to make a trade.

[Sola Fide]

I agree they should have to tell me why...afterall its my money at risk.
I've have likewise sent of an email the SEC regarding the restriction of trading in stocks by brokerages, knowing that the firms are also trading stocks for their own gain and obvsiously this advantages them greatly.
Basically I only got a thank you letter back saying they appreciate my time and concern.
I have also spent time expressing my concern with different brokers at my local office, as well at their main office, and twice with their Compliance Dept.
I do understand to some extent why they say they can't divulge the exact reasons for the restriction, it is reasonable that if they divulge what signals their restrictions..then the less scrupulous would know the work-arounds.
Doesn't lessen that I want &/or should know why...

Likely it was a coincidence in timing on the stock you mentioned, it was probably on a 3 day restriction.
They did that with AURC a week or so ago, caught me off guard & un-prepared, the distraction of calling in an order @ market open on the West Coast w/1 broker in the office fielding calls, put on hold for 2 - 3 minutes.
During which the market moved several ticks up and I had to pay more than I would have to add to my position.
As it happens the distraction caused me to miss entering orders in online, one was to sell some of my VVWT shares at a better price than I got 5 minutes later.
Yeah...it was a blustery 1/2 hour, figure it cost me a couple K in pricing on both buy and sell sides.