Replies to post #2310 on Michelex Corp (fka MLXO)

[harr449]

ameritrade email newsletter last nite talked about providing bid/ask for pinks in near future; also ability to short stocks under $5.

Ameritrade Apex eNews - September 2005
"New site feature: More ways to trade small-cap stocks
It's now possible to short sell stocks under $5 on our Web site.
Another change coming soon will deliver quotes for pink sheet
securities on the site, providing you with access to more information
when and where you need it.

When trading OTCBB and pink sheet securities, please understand that
they can be very volatile and are frequent targets of fraud and
manipulation. When trading them, it's important to understand that you
may lose your entire investment.² In addition, the risk of loss on a
short sale is potentially unlimited (since there is no limit to the
price increase of a security). Because there's no guarantee that a
brokerage firm can continue to maintain a short position for an
unlimited time period, your position may be closed out by the firm
without regard to your profit or loss. You may only short sell
securities in a margin account. Margin trading increases risk of loss
and includes the possibility of a forced sale if account equity drops
below required levels. Margin is not available in all account types.³"

[Bighitaz]

Investo7, yea it was Ameritrade, I usually use Fidelity but was using Amer. today. Curious to see how shorting of the pennys works out.Alot of pump and dump scams out there where shorting could come into play. I wonder how thats going to effect the MM and fianancers like cornell. How is the market going to stabalize, everybodys going to be shorting.