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Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?


To: TraderAlan who wrote (4035)12/30/1998 3:40:00 PM
From: JERRY GACH  Read Replies (1) | Respond to of 4969
 
Steve,

What would you recommend? I have a stock that was halted....lets call it IPMCF. It no longer has any value, yet when I tried to get my broker to verify it was worthless, they said it had traded yesterday so they could not deem it worthless. They also said the stock had no bid so the market maker would not buy it from me. At this point, I am looking at a $7000 loss yet cannot take the tax deduction because of this stock limbo.

Ideas?



To: TraderAlan who wrote (4035)12/30/1998 5:51:00 PM
From: compradun  Read Replies (1) | Respond to of 4969
 
I agree and I belive that it has value.

Ialso feel that NASDAQ L II is deceptive because of some of the MMs move away w/o filling.

What tapereading methods do you recommend?

Up/Down vol? what time frame?