Replies to post #103650 on 8000 Incorporated (EIGH)

[uptop]

must have been the naked short selling desk

[janice shell]

That means that they're sick and tired of Bryant and his little games, and are considering not allowing their clients to own EIGH. The "new position" would have been the one that would have resulted had EIGH's corporate action not been denied. Etrade would simply have refused to accept the new preferred certs for deposit.

Of course it wouldn't have mattered much, since that stock wouldn't have been tradable anyway.

[overachiever]

They obviously have a a small amount of uncleared trades setting on their books, which is commonplace by online deep commission discounters on stocks that are not DTC eligible. Otherwise they would have to charge their clients a large amount of money for every single trade. (due to the costs of manual clearing) The only reason anyone can give you a discount on trading commissions is due to batch clearing and that is not possible on stocks that require the movement of certs.

That is why some firms have told their clients they will now charge between 200 and 700 dollars per trade on EIGH ever since Bryant started making a big deal out of it. The way it had been working is for the BDs to hold each others chits in order to keep the costs as low as possible.

[life3970]

That means that they're sick and tired of Bryant and his little games, and are considering not allowing their clients to own EIGH. The "new position" would have been the one that would have resulted had EIGH's corporate action not been denied. Etrade would simply have refused to accept the new preferred certs for deposit.

And she clearly knows the inner working of Etrade. When did she make her first post on this board?