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Alliancebernstein Income Fund Message Board

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  • hirsct hirsct Jan 22, 2008 11:54 AM Flag


    the discounters work fine 95% of the time during normal conditions. The breakdown occures during the first 10 minutes of trading on a day like today or last August 16. Maybe 4 or 5 times a year when rank panic decends on large blocks of securities and tons of money can be made with a little luck and a lot of balls.
    glad you had more luck than me today.

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    • Yeah, that's a tough situation, with all the volatility. It's kind of hard to tell where you are in line on something as thin as APU. I have hit some low-balls, but not on a day like this that I can recall. Capt. is probably right that those who pay for the privilege jump the other claims. I guess the land of opportunity also includes the opportunity to get screwed while the paulson's of the world take care of their own. Here's to better times and better executions.

    • Last summer when I was trying to get out of ACG, the market makers set the bid price consistently below my limit. As soon as I cancelled the trade, the MM's would allow trades to go through above my sell limit. I called Ameritrade, my broker, and they agreed that the MM was working against me. It was pretty clear.

      Ameritrade's position = file a complaint with the SEC. My position = one small voice isn't going to change anything.

      Good luck. It's difficult out there.

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