TEIM- A QUICK DOUBLE? Message Board

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Microcap & Penny Stocks : TEIM- A QUICK DOUBLE?

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To: David Babb who wrote (194)	9/17/1996 5:22:00 PM
From: JGreg	of 1539

I was reading something not too long ago that said some brokers do use or play with those certificates they hold for investors (or at least have the opportunity to do so). They're just taking a calculated risk that in down times you won't be trading them. I, too, was thinking that a discount broker like ETrade probably wouldn't matter, but remember, one of the names mentioned lately was Schwab. It certainly would affect your ability to trade because you would have would have nothing on deposit with your broker to trade with. You'd have to mail them back in or hand carry them into an office. But I think that misses the point--we are discussing doing something TOGETHER, as a block of investors. The goal would be to force MMs to buy shares from the only source available, you and me, not borrow them from us. The bid price would have to go up to offer an incentive for you and I to mail our certificates back in to be traded. It is the same principle as forming a union and depriving the work place of labor for a wage increase. Greg

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