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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling -- Ignore unavailable to you. Want to Upgrade?


To: Deeber who wrote (5349)8/21/2001 10:55:41 PM
From: R L  Read Replies (1) | Respond to of 6873
 
..........



To: Deeber who wrote (5349)8/22/2001 8:30:08 AM
From: Paul A  Respond to of 6873
 
Deeber- if you cant get them to bust the trade you really should save yourself time/trouble and just move on. I had a very profitable trade last year and several weeks later my broker 'busted' the trade. It was a small broker who frequently let me go over my margin limits, and bend rules so I never thought that going over my margin by some $100 would be a problem.. never was before..

Interesting thing was it was the last trade I had made on the account and was in the process of closing the account.. When I received my check, the account was missing the profit from the last trade so I flipped out.. I went the whole distance and contacted the SEC with a letter etc etc and it was all a waste of my time.. The SEC letter I received showed they took about 5 minutes of their time to review my complaint and the explanation was a complete joke.. in other words, dont rely on the SEC to help you because the only thing they are good for is going after you if you break their rules or if your too successfull : )

anyhow- you really dont have much to stand on and I mean that.. Your best bet is to move on and just try and use it to drive you going forward. The broker made a mistake, but the fact that you sold what you didnt own and knew you didnt own it is all they will probably look at.. I wouldnt stir things up with the SEC because believe me, they are not slanted to your side.. at all..



To: Deeber who wrote (5349)8/26/2001 5:35:47 PM
From: joseph krinsky  Respond to of 6873
 
did you make this post on si hoping that the si shorters would short that stock?
Message 16133012
had they done so, maybe things would have worked out differently for you. tough break.
just curious, though...if they had all jumped on the bandwagon, and you had made a lot of money instead of lost a lot of money, would you have given it back when the error was discovered?

have you ever read a news story about a guy that gets a tax refund check for 1,000,000 instead of 1,000 the government made a printing error? there's always a news blip about that every 5 or 10 years or so. then the guy takes the check, deposits it, and takes all/some of the money out and then the government discovers the error, and he ends up in a criminal trial.
the reasoning is..HE KNEW it wasn't his, but tried to take advantage anyway.
are you seeing any similarities here between that and your situation?

I doubt if you'll face that type of thing because what I think the end of the story will be..they have the money and you're shit out of luck.
what is interesting is what the whole tale tells about you, RG, as a person, and what you'll do for money.

BTW-I am surprised that a&p threw you off his site, it sounds to me like you fit in nicely there.