Can you hit your own bid from your other account?

Discussion in 'Order Execution' started by giggollo, Nov 9, 2006.

  1. Not to mention the IRS
     
    #71     Nov 23, 2006
  2. Lucre

    Lucre

    What a crazy thread. While I wait for the close, here's a (semi) related story from long ago.
    A couple of times, when my equity fell below 30% and I had a concentrated position, instead of getting above 30% by selling, I waited until about 4:14 and took out the paperthin offers on the PSE. The couple times I did that, the "consolidated close" was that last trade, which was 1/4 - 1/2 above the NYSE close, and was what my broker used to mark its accounts.
    It worked (meaning that my equity was above 30% next morning, I remained leveraged and avoided a call), but it was more of a distraction than a reliable way to make money.
     
    #72     Nov 27, 2006
  3. No, no, no, don't even continue to think about.

    Don
     
    #73     Nov 28, 2006
  4. Wise advice Don.
    That line of thought could end up in a 3-5 years federal vacation...
     
    #74     Nov 29, 2006
  5. this is also a dicey line to walk... it's called painting the tape and is pretty easy to do for thin issues. probably easier now with hybrid.
     
    #75     Nov 29, 2006
  6. Toonces

    Toonces

    I'm not that dumb. I'm assuming this thread was just started for fun...something that no one would actually do. :)
     
    #76     Nov 29, 2006
  7. You should never underestimate the stupidity of the masses.
     
    #77     Nov 29, 2006