Re: PDAC- a few notes - cwallace
posted on
Mar 04, 2008 06:47PM
Much appreciated your getting and reporting on these points. Your report helps greatly in understanding some of the goings on with respect to SP activity and security of our long term interests.
Now, if only we had a statement on exactly who these two 'Confidentiality Agreements' are with, then we could contact them on mass and prod until they gave us a clear idea of exactly what their intentions are with respect to our darling dear Noront.
With respect to the listing on the TSX, for the less experienced, be very careful with Greed. Once Marginable if you get caught in a day like today over your limit you will end up being a very unhappy camper if your Broker calls. And they will call.
Note: It was not only 'Stop Loss Orders' that were the target today. When the Major Markets go down as they did last Friday Margin Call Orders are usually sent into the Exchange in mid morning a couple of days following. This is a big part of the reason I figured the markets would be hurting for three to four days after the initial decline. The Houses snap up the forced sells while the market is kept down for just that very reason. Remember, these guys get and use all the market data there is to be had and their Automated systems report all specifics and can even develop trading plans to maximize on the situation. Just another way they prey on the more foolish (greedy) of their customers and expect other houses have similar customers....
Old Joe