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Replies to #25848 on lowtrade
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adeezl

10/21/11 1:44 PM

#25849 RE: lowtrade #25848

It's a new rule for Pension brokers. It's pretty stupid and does nothing but give brokers more $ with separate tickets.

Zecco rep: Due to the NSCC increased on requirement on certain low priced securities, sales that exceed 10% of the 20 day average daily volume may be subject to buy in. At this time the security you are looking to sell does not have a volume which is causing the rejection. You are welcome to contact us by phone to further explain your options.



As for your explanation, yes folks playing OTC stocks take that chance buying them in the first place. They should already know that most OTC/pink stocks only run on news for a couple days because most have no real value to the market. That's how OTC/pinks work. That's nothing new of course.

I'm the opposite. I daytrade big boards for security and hold a couple pennies long wherever they may end up. OTC/PINKs are all gambles in my opinion. They're just for fun, I put little $ in them.

Cheers!
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3kidsplus1

10/21/11 3:52 PM

#25851 RE: lowtrade #25848

Lowtrade are you still holding FAZ/FAS or are you waiting for Monday?