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Strategies & Market Trends : The DD Maven
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To: Hard_to_catch2 who wrote (75)12/8/2005 4:13:32 PM
From: creede   of 736
 
RPL -

funny you bring this up right now because it's on of the things on my mind as well. I've been trying to get a handle on with is better for a flamingo...."solicited" or "unsolicited"..."piggy back qualified" or "not piggyback qualified".

If we can't get a handle on it then I guess we will just have to bear in mind that HISC is "unsolicited" and "Not PiggyBack Qualified"...exactly opposite to what I would expect.

Here's a post to me from a guy on IHUB regarding a question I asked about what difference was between a stock that is "solicited" and "unsolicited"...pretty good read.

(IHUB - XLPI thread)
Posted by: The_radman
In reply to: Creede Bighorns who wrote msg# 448 Date:11/10/2005 10:48:21 AM
Post #of 897

Creede heres what the differences are. There are advantages and disadvantages to both. First off NEITHER are required to report their financial statements so its a pig in a poke as to what or how the company is doing financially. They have minimal listing fees and costs associated with listing. The definition of an "unsolicited pink" is exactly what it states Brokers cannot solicit client orders thus its left to the client to find out about the stock and call his broker to buy the stock. It is a disadvantage as brokers soliciting clients to buy stock which should be their primary venue is a closed door (unless they meet for a beer after hours *wink* wink*). Thus the broker can only place a buy or sell order if it comes directly from a client. They can NOT hold inventory in the houses name. The term one-sided PINK is because the if the broker only has a sell order the MM will "go up" and ONLY show which side of the transaction he has a order for. The "unsolicited PINK" has two distinguished advantages over the standard "PINKS" one being the MM's hold no inventory so they can't trade "pro" and all orders are client to client transaction of real buy sell orders. The disadvantage is that at times the bid/ask sides are at times not evenly matched. They both have their pros and cons.
I hope this helps.

That's pretty deep stuff, huh. Please, don't anyone get alarmed if they can't figure out the pros and cons...perhaps we won't figure it out now, but later. I'm going to give The Radman the invite to the Maven and see if he can or will help. If anyone else can shed some light please chime in.

GodBless-ND
cris


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