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Strategies & Market Trends : Shorting stocks: Broken stocks - Analysis

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To: Mark Marcellus who wrote (1461)7/26/1998 5:12:00 PM
From: Q.  Read Replies (1) of 2506
 
Mark, re. trading a stock that has been delisted to the pink sheets. I'm glad you finally had some success.

... I don't know if it would have worked in this case, but the one time I traded a pink sheet stock (selling shares in a small local bank) worked a little more satisfactorily. Here's what I did: I phoned the co. to ask for all the MM's names and numbers. Then I called the MM's, who all happily answered the phone, and I asked each of them what they could offer me, net of all expenses, for my shares. They all gave me a figure. The one that had the best deal was some broker somewhere, who told me to open an account with Bear Stearns, where he clears trades, so that I could do the trade. And it worked, exactly as planned, with no arguing or fussing.

Of course with SWSH, it might be different.
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