Thursday, November 02, 2006

Td Ameritrade Saga Continued

ROFL, i'm slowly piecing this together and in a way it gets funnier by the minute...
it now appears that i'm one of a select group (LOL) of ppl who had something to do with the recent TDA debacle over sssu, even though i don't hold any sssu. let me explain... someone who'd been away from the marketmillionaires tdcp thread for awhile sent me a pm asking what the heck was going on with tdcp. i wrote him back with this...
while you were gone something interesting came up: we were trying to figure out how to stop our brokers from using our own shares to short us and stop them from loaning our shares to mm's to short us. so LOL catfish says, "Hey, if you put a limit sell on your shares they can't do anything with 'em." so ppl did, with ridiculous limit sells like $75 etc. and then we forgot abt it. well, it looks like the news spread and it really killed td ameritrade's action. so td ameritrade decides to restrict buys based on supposedly "questionable practices" of tdcp- hahaha. so now you know the story. cracks me up!!
so okay, hehehe- what obviously happened was that this whole thing spread like wildfire all over the boards and folks started putting all their other stocks on limit sell because very soon after Scottrade, e-Trade and others started in with the same "buy restrictions- sell only" monkeybusiness as stupid Td Ameritrade. ain't the internet just wunnerful?!!

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