Assent Conversions?

Mecro · Feb 20, 2004

Is that the wash sale technique where a third party allows you to get short at an uptick price and then dumps the shares to the ECNs or the specialists basically hitting the bid?
You pay the whatever spread there is plus commissions.

WestCoastTrader · Feb 21, 2004

can any firm offer slips?
or is this specific to assent?

I would love to know what the costs are

tula · Feb 21, 2004

Can sombody explain what slips are?

Thanks,

Tula

PnL Rally · Feb 24, 2004

What other firms are currently offering "slips" or an equivalent product?

grimer11 · Feb 24, 2004

I've heard Hold Brothers and Bright are offering "bullet"-like products.....can anyone confirm/elaborate?

grimer11

Mecro · Feb 25, 2004

Quote from grimer11:

I've heard Hold Brothers and Bright are offering "bullet"-like products.....can anyone confirm/elaborate?

grimer11

SMPs

Basically a third party firm will buy the stock from you at an uptick.

PnL Rally · Feb 26, 2004

Quote from Mecro:

SMPs

Basically a third party firm will buy the stock from you at an uptick.

Interesting. Thank you for providing some information on this new product. Do you have any other details? For instance, what are the fees? Can you do this on any stock, or does the third party restrict it to certain stocks only?

Mecro · Feb 26, 2004

Quote from PnL Rally:

Interesting. Thank you for providing some information on this new product. Do you have any other details? For instance, what are the fees? Can you do this on any stock, or does the third party restrict it to certain stocks only?

Here is an idea

Call Hold and ask them yourselves, they will be happy to explain it.

Im not sure what slips are I thought they were maybe the same as SMPs

bent_prop · Feb 26, 2004

I read thru all 12 pages of posts and nothing but BS

SJY · Feb 26, 2004

can we just get to the bottom of this thread. Are slips ok to use? what firms offer it? Can a trader use them if they are still not approved by the SEC?

thanks