SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Hyperfeed Technologies, Inc. (HYPR)
HYPR 1.045-3.7%Dec 8 3:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: sonicburger who wrote (1514)3/22/1999 5:31:00 PM
From: Ken W   of 2231
 
Sonic,

While Radar has provided an exact run down on float etc. One of the best descriptions I've ever seen, I'd like to add to it just a bit and perhaps save you some money.

While ordering in your certs seems like a good idea it does little to reduce the shares traded. With all of the volatility in PQT there will always be plenty of shares to borrow for a short sell.

The reason for this is that some folks are in and out of a stock so fast that there is no long term drying up of the available shares. If you own 1/2 of the float and wanted to call in your shares then I could see where it would make a differnce, but even with that, there are brokers out there that will "naked short" a stock that they feel they can make a profit on. Not saying that could happen to PQT as it would be pure suicide at this point, but it does happen, otc-bb stocks are famous for it.

Schwab will charge you a fee for collecting the certs from the transfer agent and a fee when returned on your sale of the stock, thus reducing your profit even more than the 29.95, twice in commissions. I use Schwab also.

I can't speak for Radar ,ggggg, but I use Schwab for trading as well as holding as there have been numerous times I've got in a stock at the very best price of the day, just because it was a Schwab order, than the "step in front" broker that will hang me up and end up with a much higher cost basis for a trade.

Ken W
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News