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curious924

07/15/10 8:16 PM

#6816 RE: Sam Dan #6815

Here was my experience today, as I posted on another board.

For any interested, there was no dropping the price today for some buys I had and helped others make. I was not involved in the early 9,800, but then bought 8,000 between $.49 and $.52. The $.49 was around 10:40 with Interactive Brokers, but then had to pay $50, $.52, and $51 with TDA (TD Ameritrade). A further open order at $.51 from maybe 3:15 to 4:00, went unfilled. We should find out who TDA deals with.

I called the TDA trading desk twice this afternoon for bid/ask and was told $.48/$.51, and later $.50/$.51.

After the first call I tried to buy at $.51 and could not get a fill, so later moved it to $.52, and was filled. You can see that spike up for the day on a chart. (I still consider that a great bargain.)

curious924
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TEX

07/16/10 12:41 AM

#6817 RE: Sam Dan #6815

Not sure what you're saying, but will take a stab at a response. Yes, MMs can trade for their own accounts, even though they can't make a market. And yes, they can cover previous shorts. But new short positions are not allowed.