DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: TheStockStalker who wrote (12117)	3/1/2001 10:39:24 PM
From: Mark Davis	Read Replies (1) of 18137

Follow up to the ACLS fiasco from the other day. A bunch of badly burned traders out of Momentum Sec in Texas are yelling bloody murder about the buy side of the trades they got stuck with after the cancels of the >22 dollar shorts. "The traders, in letters to Sen. Phil Gramm (R., Texas), Nasdaq officials and others, say they were forced to sell the unwanted stock at $10 per share and accept the loss. "The Nasdaq stock market made an incorrect ruling against many small investors," day-trader Johnny Sandhu wrote in his letter to Sen. Gramm." Yep. And they pulled a mini run today in the abused name just for fun.

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