Pump's daily trading recs, emphasis on short selling Message Board

STOCKTALK

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.

Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: bbgold who wrote (5361)	8/22/2001 8:23:01 AM
From: gaj	Read Replies (1) of 6873

OT: (with brokers, and datek)... Either 1 1/2 or 2 1/2 years ago, I had a Datek account. I hadn't used it for a while, and checked the account (to withdraw the final limited funds). Somehow, the account had a bunch of things like: 225 TYC, 46 IBM, 85 AOL, and a few other stocks in odd lot quantities. I checked with my lawyer, who told me that a "just found it" defense is usually not valid because a (regular) person would definitely notice something that large and know something was wrong. I told him that my fear was I'd sell them, the stocks would take off, and then I'd be charged for the 'new' value of the stocks. His advice? Do nothing with them. If they stayed in my account for a 'long' period of time (and he would check the accepted area of long - at least 6 months) and nothing happened, I could make a justifiable case for keeping the stocks. Unfortunately, about 2+ months later, Datek discovered the error. But that was my experience with things...and based on that, I've learned to always check / double-check my account - and my fear of Datek (2+ months with the extra stocks is unacceptable).

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next