BETAPRO SP500 VIX ST FTRS 2X DLY BULL T.HVU

1: 3 consolidation

[Canadianbull55]

Does anyone know, how long It will take before I can trade my shares without asking my broker after 1:3 consolidation? Any help would be really appreciated. Thank you

[Iseneschal]

You can trade your shares online right now.....just be cognizant of the Reverse split and what your holdings are in Real Time. I have a hard time with this also ....because there is always a time lag before the Transfer Agent updates your portfolio holdings after Reverse Splits / Slits / Name Changes etc........ this is exactly why the trading volume decreases after RS's for a day or two. I

[Canadianbull55]

Many thanks for your response. I can buy more but unfortunately I can not sell the one I owned from Friday. I will have to ask my broker to sell them for me. My brokerage account will reflect the new shares and price in the next 2 days as the settlement period is 3 days. Now I am debating to myself; shell I wait or sell them before that?

[Iseneschal]

Tell me.......did you try to sell your HVU online???? If you did what happened ?

[Canadianbull55]

Sorry for late response... When I tried to trade HVU which I bought last week on Friday I received below mentioned message....... There is a trade restriction on this symbol. Please call Customer Service or your advisor for details.

[Iseneschal]

Hmmm.....that just doesn't make sense. Normally , a Trade Restriction refers to restrictions on shorting. ie: uptick rule. Did you physically enter the sell order online ? Regardless.....your account should be reflecting your post-RS holdings this a.m. ** Make sure you do the math to ensure you have the correct holdings & average cost per share amounts. I've experienced errors in the

[wz9ytp]

National Bank is where I trade. Had the same problem selling through my detailed assets tab. So I sold through my watch list, the order was submitted yo an analyst and I'm now the proud holder of a 400 unit sell order at $19.95. Happy trades!

[wz9ytp]

National Bank, still don't have my new shares. Was nevertheless able to sell today at 15.90 online then repurchase at 15.42. Using method described above... Should be a good trading vehicle in the next couple of days. Happy trades!

[Canadianbull55]

So you were able to sell your shares without asking your broker? I was not able to do sell them from my trading account. I had to call a broker. When I called my broker the price was @ 15.85$ but after I answered all the security questions the price was dropped and he sold it @ 15.75.  I hated it!!!