Comments on: 7 Stock Picks For This Fine Market Manipulation Monday Morning

By: hart3000

hart3000 — Mon, 21 Sep 2009 22:04:03 +0000

"impossible to get a margin call [...] on stocks under $2.50" I understand this one. But how do you guys deal with a FTD notice (failed to deliver). IB sent the following message to me last week:

"Based upon information available through 14:30 today, we remain unable to locate and borrow / re-borrow the shares necessary to meet delivery obligations on certain short stock positions in your account. [...] You may wish to consider repurchasing your position(s) in these stocks in order to control your portfolio/risk at any time prior to the end of the current regular trading session (16:00 EST). Transactions occurring after 16:00 cannot be considered against the delivery obligation. [...] As noted above, we will continue to make every effort to locate and borrow the shares necessary to allow you to maintain these short positions, however, given the limited time available in the current trading session we will be unable to provide any further updates as to your account status until delivery of your daily activity statement."

I was lucky to be able to cover the SLNX position in question with a nice 40% profit. Didn't enjoy so much being forced to do so. My conclusion: Avoid keeping a short position in sparsely traded stocks for longer than 2 days. How do you deal with this?

By: Anonymous

Anonymous — Mon, 21 Sep 2009 21:04:00 +0000

“impossible to get a margin call [...] on stocks under $2.50″ I understand this one. But how do you guys deal with a FTD notice (failed to deliver). IB sent the following message to me last week:

“Based upon information available through 14:30 today, we remain unable to locate and borrow / re-borrow the shares necessary to meet delivery obligations on certain short stock positions in your account. [...] You may wish to consider repurchasing your position(s) in these stocks in order to control your portfolio/risk at any time prior to the end of the current regular trading session (16:00 EST). Transactions occurring after 16:00 cannot be considered against the delivery obligation. [...] As noted above, we will continue to make every effort to locate and borrow the shares necessary to allow you to maintain these short positions, however, given the limited time available in the current trading session we will be unable to provide any further updates as to your account status until delivery of your daily activity statement.”

I was lucky to be able to cover the SLNX position in question with a nice 40% profit. Didn’t enjoy so much being forced to do so. My conclusion: Avoid keeping a short position in sparsely traded stocks for longer than 2 days. How do you deal with this?

By: MichaelGoode

MichaelGoode — Mon, 21 Sep 2009 20:39:06 +0000

There were shares at IB Friday for a few minutes after the open. Also, it would have been impossible to get a margin call on GVBP due to margining rules on stocks under $2.50

By: timothysykes

timothysykes — Mon, 21 Sep 2009 20:13:58 +0000

You incredible moron...my trades in GVBP arent just verified by Covestor, they were actually auto-traded by 10 other people:

https://cv.im/models/profile/timothy-sykes

Thank you for your lack of intelligence and inability to do any research whatsoever, its people like you that make penny stock trading so easy, keep up the great work!

By: Michael Goode (aka Reaper)

Michael Goode (aka Reaper) — Mon, 21 Sep 2009 19:39:00 +0000

There were shares at IB Friday for a few minutes after the open. Also, it would have been impossible to get a margin call on GVBP due to margining rules on stocks under $2.50

By: Anonymous

Anonymous — Mon, 21 Sep 2009 19:13:00 +0000

You incredible moron…my trades in GVBP arent just verified by Covestor, they were actually auto-traded by 10 other people:

https://cv.im/models/profile/timothy-sykes

Thank you for your lack of intelligence and inability to do any research whatsoever, its people like you that make penny stock trading so easy, keep up the great work!

By: SyStinka

SyStinka — Mon, 21 Sep 2009 18:36:02 +0000

Nice fake buys and sells. You got crushed in GVBP, now you try to claim you didnt get a margin call at $ and were out , and found 30k shares to short FRI when there were NO SHARES AT IB.

Hey, no one is vetting your claims, so you can say anything , and you DO. Do.

How many of your people lost their accounts on GVBP. 10 , 20, 200?

Where;s waldo?

By: SyStinka

SyStinka — Mon, 21 Sep 2009 17:36:00 +0000

Nice fake buys and sells. You got crushed in GVBP, now you try to claim you didnt get a margin call at $ and were out , and found 30k shares to short FRI when there were NO SHARES AT IB.

Hey, no one is vetting your claims, so you can say anything , and you DO. Do.

How many of your people lost their accounts on GVBP. 10 , 20, 200?

Where;s waldo?