5 replies to this topic

[securelstmile]

Others are reporting same.

What the heck is going on?


Last time this happened under low volume conditions like this it ran 70% in a few months.

I discussed it here.

http://www.traders-t...;#entry2475160%

[OEXCHAOS]

Others are reporting same.

What the heck is going on?

Last time this happened under low volume conditions like this it ran 70% in a few months.

I discussed it here.

http://www.traders-t...;#entry2475160%

This doesn't sound right. I see nothing about a halt. Back when I was a broker, they were required to give you at least 100 shares at the offer. That's what market makers are for. Even if they have to short it. I'd be on the horn to my broker, and if the clerk couldn't help me, I'd speak to a super. And if they couldn't help, I'd call a wire house.



Anyone have anything on this situation? Did they change the rules?



BTW, who's your broker?

[securelstmile]

Others are reporting same.

What the heck is going on?

Last time this happened under low volume conditions like this it ran 70% in a few months.

I discussed it here.

http://www.traders-t...;#entry2475160%

This doesn't sound right. I see nothing about a halt. Back when I was a broker, they were required to give you at least 100 shares at the offer. That's what market makers are for. Even if they have to short it. I'd be on the horn to my broker, and if the clerk couldn't help me, I'd speak to a super. And if they couldn't help, I'd call a wire house.



Anyone have anything on this situation? Did they change the rules?

Mark,

You can buy if you call your broker you just can't buy online with some brokers. Both in Oct and now I could not buy on my streetsmart screen through schwab but could buy from the main screen. Others can't buy at all online. Everyone can buy if they call their broker. The kicker is you can sell all you want online anywhere.

This is a very low float stock as parent company sfe holds over half the shares. There was a conference last Friday for sfe where what ever was said caused sfe to trade over 6 million shares where it normally trades just a few hundred thousand per day. I know clrt was discussed.

My guess is they have a big buy order they can't find the shares to fill. The volume is down to a trickle lately after a recent consolidation. I think this also happened in Oct because there was some very positive news that sent the stock flying in Nov.

It is just so weird that it happened twice.

[OEXCHAOS]

The street is co corrupt. I'll tell you this, I'd be a buyer if I had an interest in staying up to date on this one. It's got squeeze written all over it. Some market maker(s) could get hurt badly. Mark

[securelstmile]

Mark, I own a ton but am sorry I didn't add today. I just can't figure how they think people wouldn't figure it out and do the opposite especially considering what happened the last time they did this. Thanks for discussing this with me. Sometimes it feels like there is a pink elephant in the room and I am the only one who sees it.

[OEXCHAOS]

This one is probably one where a good broker would make a lot of difference. I can tell you stories... Nowadays, there are almost no real brokers anymore. A few clerks know their stuff, but not many real process guys to speak of, and most folks wouldn't pay for them anyway. They like the $5 comissions. Gotta take the bad with the good, I guess. Mark