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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Roger A. Babb who wrote (15517)11/16/1998 6:16:00 PM
From: RockyBalboa  Read Replies (1) of 18691
 
Roger, on the Avco thread there is a nasty story about E-Trade.

Dale Baker shorted AVCO days ago and was able to cover into the $3.50 suckers open today. What did E-Trade. They declared the stock not marginable and not shortable afterwards, namely not before today and annulled /reversed the short trade a n d the anyway highly profitable buy - in retrospect.

Message 6439262 and the corresponding responses.

Something like that happened to me on Datek to, but with a much faster reaction of Datek, which is understandable so far - within hours on NETG in July.

But E-Crap? Such a thing, I think, comes very close to fraud.

C.
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