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DTS2468

03/02/10 6:20 PM

#31420 RE: NiallMan #31419

I think that may only be for margin accounts-maybe I'm wrong...however mine is in at $15 even though I use a cash account, just for the sake of it

that is a good idea
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timmyjames

03/02/10 10:26 PM

#31428 RE: NiallMan #31419

i believe that is a myth, and the MMs can borrow your shares, shares against the A/S, and if they really want, they can just naked short them
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$oldier Hard

03/03/10 7:56 AM

#31441 RE: NiallMan #31419

I have heard that and tried that as well. SO I just got off the phone with AMTD, ( Paul ) and here is what I was told. If you put a sell order in for your shares Yes they would pull those from the available pool to be shorted. The sell order would need to be at a reasonable price say like your .99 and not $10.00. So imo a couple of things to remember. Should one decide to do that he or she imo again should make it a GTC order. I say that because the last one I did it on I did for a day and forgot to the next day so they were right back in the pool, course that's me. Then of course don't forget if your shares are in a GTC sell status at .99 and the company announces the close like right now and we run you would obviously need to cancel that first in order to sell any should one decide to do that. Also if someone plans to be a long term holder until all is said and done and they own say 500,000 shares they may want to put that amount they plan to hold, ie 300,000 shares on a GTC and leave the others freed up. The other thing could be, let em short it. If it's an MM shorting it they most likely don't have a clue about what is happening with RTGV and the anticipated close and the possible Firepower that may be coming. If/when that happens they would be forced to cover and the squeeze would be on and would add to the Firepower. MMs don't always win. They most likely win more than lose but as long as their percentages for winning are higher, well. They're just a bunch of bean counters. This is all JMO and wish you and all here the best. Morning Everyone.
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otterman

03/03/10 10:38 AM

#31452 RE: NiallMan #31419

Good idea NiallMan. My particular broker however wont allow me to put in such a high price, the order always gets rejected as 'out of range'. I know others can do this though.
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koolmc

03/03/10 1:21 PM

#31465 RE: NiallMan #31419

doubt that it makes any difference