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Friday, December 05, 2008

Leaving no stone unturned!

Even the death mlp has been cut in half

Down 7 points and holding on the mlp index with the down down 160. Frankly i thought the market would have been far worse than this but lets see what the afternoon brings.


jcarroll1948 said...

Joe. From a week or 2 ago, you mentioned that you bought US Shipping Partners LP (USSPZ.PK) at $.06 per share; 14,000 shares as I recall. A few days ago, it was at $.30; currently at $.20 (all per Yahoo! Finance). If/when you sell, I would be most interested in a post about your experience in penny short land. Also, having never traded a stock on the pink sheets, a comment about that experience would be appreciated; such as commission costs, time from initiating the trade until execution, etc.

jcarroll1948 said...

Anyone else's experiences concerning trading on the pink sheets would also be appreciated.

joewxman said...

so far my purchases have come close to the bids which is nice. Schwab' excecutions came below the bids on several occasions. Have not sold yet but i will report when i do.

One thing i've noticed is that a 10k order for example might take several hours to fill