OT....Well I understand how you feel, I've had my looses too. But just the same I've been in the +$10 stocks and watched many of them crash as well...knowing when to sell is key too!
Pinkies can be gaged in many ways and the most important is 'constant vigilance' of monitoring the fundamentals & technicals. Whereas, less vigilance imo is required when in a mutual fund etc etc.
OBTW...I have read that the ration is now 60/40 on pinksheets. Meaning 40% do make it.
This Wednesday the SEC will decide if they lift the GF Clause which in turn will cause the MMs to cover ALL shorts within a 35 day period. This hopefully will preclude the endless sideways trading under the 3 day rule. We'll have to wait and see how this all pans out though.
GLTU!
Posted by: Chas56789 In reply to: None Date:6/9/2007 8:03:37 AM Post #of 149675
SEC open meeting... wave bye bye to GF Clause!
The subject matter of the Open Meeting scheduled for Wednesday, June 13, 2007 at 10:00 a.m. will be:
1. The Commission will consider whether to adopt amendments to the grandfather provision of Rule 203 of Regulation SHO and the market decline limitation of Rule 200(e)(3).
2. The Commission will consider whether to re-propose amendments to the options market maker exception to the close-out requirement of Regulation SHO and the marking requirements of Rule 200(g) of Regulation SHO.
3. The Commission will consider whether to adopt amendments to the short sale price test of Rule 10a-1. In addition, the Commission will consider whether to adopt an amendment to the "short exempt" marking requirement of Regulation SHO.
4. The Commission will consider whether to adopt amendments to Rule 105 of Regulation M that would further safeguard the integrity of the capital raising process and protect issuers from manipulative activity that can reduce issuers' offering proceeds and dilute security holder value.
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