Comments on: MOJO and the Markets

By: bestdeception

bestdeception — Tue, 29 Jul 2008 20:53:35 +0000

FWIW, I have been told by numerous brokers on Schwab that you can’t reserve shares through them. However, the one I spoke with today told me a way around it. He said if the price is at $5, put in a short ASAP with a limit at something way out of the money, $10, $20, whatever. Then Schwab has to hold those shares (if they can’t borrow the shares then, they will cancel your order immediately). As long as your order is “pending”, you then can short at will. Then as soon as you want to really go short, just change your limit price from $10, to $5, or whatever. Just an FYI for any other Schwab people that might be out there.

By: adairjm

adairjm — Tue, 29 Jul 2008 18:30:19 +0000

This is the part where all the dedicated USS LONGS come in to get “cheap shares”. More downside tomorrow.

By: brent

brent — Tue, 29 Jul 2008 18:28:03 +0000

hope you held for at least the $1 gain tim…

By: adairjm

adairjm — Tue, 29 Jul 2008 18:27:17 +0000

Damn, got in late to the game…still rode 1000 shares down from 3.80 to 3.30.

By: bestdeception

bestdeception — Tue, 29 Jul 2008 18:23:25 +0000

wow….looky there. Wish I could’ve gotten some. Nice job guys.

By: Davey

Davey — Tue, 29 Jul 2008 18:17:22 +0000

wow what a terrible exit on my part…GL and congrats to those who are still in

By: yaktipper

yaktipper — Tue, 29 Jul 2008 18:15:53 +0000

This might be the best TIMAlert yet. It dropped 10% during the few minutes I was watching.

By: AdamN

AdamN — Tue, 29 Jul 2008 18:14:04 +0000

Yes, congrats to those who were able to snag shares early this morning. I tried at like 8:30a on TOS and there were none, oh well, I’ll be in on the next play.

By: yaktipper

yaktipper — Tue, 29 Jul 2008 18:10:28 +0000

Wow congrats on USS, hopefully you guys are still in.

By: brent

brent — Tue, 29 Jul 2008 18:09:58 +0000

i think thats 2 maybe 3 trades i’ve missed because the play was not over $5.