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Wiz, when i started trading i got my self stuck in the same situation. my best advice is pull the money out with whoever your with now and open an account with someone else. 90 days is a long time to wait.
On August 26, 2011, QSGI, Inc. was notified that the Honorable Erik P. Kimball, United States Bankruptcy Judge, Southern District of Florida, entered a final decree to close the chapter 11 case.
The signing of this order signifies that QSGI, Inc. has emerged from bankruptcy" Go QSGI
SPQS left trip 0's last week and will continue to climb, IMO.
Check out AAVG Big volume today MACD crossed Dragonfly Doji with a long tail looking for a good week here.
#5 on the beakout board
Share Structure
Shares Outstanding 315,460,075 a/o Aug 02, 2011
Float 210,285,246 a/o Jul 06, 2011
Authorized Shares 500,000,000 a/o Jul 06, 2011
Par Value 0.001
solu up 69% and vaev up 285
clkz on watch for bottom play bounce
CRWV! Dip coming now. $1mil promo play in progress. Volume is still huge. Lot of room to run IMO.
watching solu, vaev, and ifrs today
Called eTrade. I'm boned for 87 more days ha. Going to try and not day trade until then to keep the margin status (Have to only wait 1 day rather than 3 for funds).
From what research I've done, Fidelity is the only broker that will allow pink positions to transfer. None other will. Others will let you trade them, but transfer...no.
the think or swim platform is rated high... i think its a pain in the ass....my wife thinks it has a great futures platform...
trade architect is highly un reliable with OTC feed
i have IHUBS service for back up
just ran across 1 stock that i had to call in a buy order
Thanks! How's the execution speed for TDA? Any stop-limit limitations? And are their numerous OTC/Pink tickers that they limit trades on? Or just a random few here and there?
I hear the charting is good...Equity Feed not so much, good chart tools are a plus!
TIA
ive been using tda....i moved from eturd...
someone else mentioned fidelity......scottrade is an avoid
if u trade pinks find out how much the trades are
non of them are perfect
Lurker on the board. Love it!
Question regarding brokerages~
So, due to the Penson/Zecco issues, I need to relocate. What are anybody's thoughts on TDAmeritrade? Fidelity? Just2Trade (simply for the cost)? These are the 3 I'm looking at...
I also use Equity Feed.
TIA!
El Jefe, first post but been following for a while. What are your thoughts on DTTO? Redlegs has a ton of DD on the company in the DTTO board. Thanks buddy and good luck to ya.
I just got nailed on this last week. (PDT)I had been using margin. They did just like El Jeffe said. I could only close out positions and not make any purchases. With Cash or margin it didnt matter.When I use A cash only account it takes so long for the funds to clear from each sale its hard to get to the 4th trade in A week.
Moral has been better, that's for sure. However, my line of business is much more secure, so we're all fine in our dept. A lot of surprise layoffs for some very senior folks, but it's all a symptom of trimming the fat. A few internal meetings have shown some positive outlooks. We will continue to implement our plan and things will work out for the best.
I'll be more heavily trading in a few weeks when the dust settles. Until then, work and twins is my life! How's things in EJ's world?
yeah, I bet. can imagine moral isn't soo hot right now eh? It will all work it's way out for sure though. It's just a f'd up market and management needs a shake up imo.
hey! biggies have been good this month. a lot like pennies actually! fast and dangerous. but one of my biggest months this year so far....but can change in a flash.
about the cash PDT issue...I'm pretty sure that if you have a cash account and are not using all of it, you can get away with the day trades. but when you start using all of the funds is when you can get in trouble???
not sure really....I've only got one cash account and I never really tried to day trade it, guess I should.
I finally made it back above PDT this month in my TDA account so smooth sailing from here.
Hey El Jefe how are the big boards treating you?
I had a good week last week, but everything I touched this week turned to crap. I never had a problem with PDT trading cash. For awhile there I was making 2 to 3 trades a day with no issues.
What's up buddy! I'm around, making a couple trades a day. However, as I'm sure you know, works been kicking my ass lately!
Yes! In addition, once they flag a cash acct as PDT they force you to go margin.
Where u been Nick???
My mistake...you are correct.
You can buy using unsettled funds. But you can't sell until the funds are cleared. Buying with unsettled funds is something I don’t recommend doing although I did it a few times.
Remember that when you sell, the proceeds from the sale take 3 business days to clear before you can use them again - this is when using a cash only account.
Example: say you buy xyz for $1000 and then sell for $1200. You won't be able to reinvest the $1200 for 3 business days, which is the amount if time it takes for the funds to settle.
APII, Merger, GOOGLE NEWS!!!
Action Products International, Inc. (PINKSHEETS: APII) today announced it that has entered into a Letter of Intent to merge with Google Apps® reseller VizzEco, an Ontario company. Following the merger, the two companies plan to jointly create a synergistic vertical business model designed to gain maximum benefit from leveraging the respective strengths of each company to market VizzEco's licensed Google® products and service offerings to their targeted customer market, consisting primarily of small and medium-sized businesses.
VizzEco is a licensed world-wide reseller of Google® products and services, including Google Apps® and the soon to be released Google Plus for Business® (Google+4B), which will integrate social media as a service. The VizzEco business model is designed to capitalize on the trend towards use of cloud computing services (SaaS) in replacement of PC-based software by assisting small and medium-sized businesses to take advantage of the benefits offered by SAAS. VizzEco also intends to establish a network of retail outlets to generate sales and provide customer training in order to facilitate market acceptance of Google Apps® and Google+4B services.
CRWV Alert!
This one looks like it could be the next P*TG. Broke resistance and is up today. Has a $1 million promotion behind it and the same type of mining news ($3 billion in gold).
I think the stock is a POS, but definitely a multi day runner. Wait for a dip this morning (I'm trying to load under 0.08) and get in.
EMLL - 9's getting hit right out of the box
Sweet. I'm going to switch to cash only if they give me more sh*t. ha
I use Etrade and have no problems.
You have no problems with the cash only account? The trades go through just as quick? I heard they take longer sometimes in cash only accounts. Is this true?
From eTrade's web site:
"If you execute a day trade while an existing day trading minimum equity call is open, your account will be immediately restricted to cash-only transactions for 90 days or until the call is met. With this restriction, your account will be treated as a cash account and you will not be able to purchase any securities on margin. Note that the account will not be able to use any borrowed funds to purchase securities while this restriction is in place."
Sounds like I can still day trade, just not on margin. Anyone agree with me?
Not sure, but I know if you take margin off your account and use cash only you can day trade as much as you like. That's how I trade.
no, you're done. closing transactions only. they may give you a one time get out of jail though if you tell them you didn't know ;)
wwag...let me know what you think of the chart - looks primed imo
Anyone have PDT info?
From what I'm reading, even if you are flagged as a Pattern Day Trader (PDT) you can continue to day trade, but will be restricted to cash only transactions for 90 days. Is this correct? I hope it is since I don't really buy on margin anyways.
So does anyone know if I'm flagged for PDT, can still day trade for cash only transactions?
Morning guys. Anyone have anything good on their radar?
On a side note, I messed up again and got flagged for PDT ugg. Hopefully I can call them and talk my way out of this one again.
RFMK about to breakout and major run in works!!!WHY?
Reasons
1) MACD just crossed over!!
2) Volume first 4 days of 8; huge for shorts covering and MM's loading up!!
3) Volume LAST 4 days increasing EACH DAY!!!
4) Fast STO just crossed over!
5) Slow STO is still in oversold territory!!
6) Parabolic SAR crossed over TODAY!!!
7) RSI rising from over sold position and going to 50 mark over past 8 days!!
8) Last 8 days 138.8 million shares traded HALF the float!!
9) Market cap of only $1.3 million!!!
10) T/A ungagged!!! O/S 570 million and float only 260 million!!
11) Another SFIO run could go to $0.06 in 1-2 weeks!!
12) NEWS released today!! http://ih.advfn.com/p.php?pid=nmona&article=48952990&symbol=RFMK
13) More news coming in early Sept!!!
http://stockcharts.com/h-sc/ui?s=RFMK
GLTA
ID
That's for sure...
there will be more opportunities ;)
keep kickcing myself for not pulling the triger
on BAC.. congrats to everyone who bought it.
Hey guys!
Keep an eye out for OPSY, NXOI, and NNAN. All very possible huge momentum runners.
On a side note, I sold out of NXOI on Tues at 0.025 then it ran to 0.06 in power hour. Also, sold OPSY yesterday at 0.0038 because it seemed not to be moving, then ran to 0.0125 in power hour! As you can see, I'm VERY frustrated from these past two trading sessions lol!
Sup Jefe, what's your take on VLCO? Hearing talk about an 8K that was released with false info and company is trying to get it retracted. Possible good entry for a bounce?
news just came out right now.
putting pcfg on my watch list to
see if it breaks down to the 200 ma of .0032
22 million outstanding shares on wwag
anyone in or watching wwag? chart looks great imo
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I started this board because I felt the iHub community needed a board that could provide not only great picks, but honest information for new traders. When I started trading penny stocks, I lost a TON of money. I fell for every scam there was, every pump, every promo. I paid hundreds of dollars for premium alerts, newsletters, all just to get the alert and chase the market up. I ended up swinging for the fence and usually striking out. It was with the $30-40k in losses I took that I learned something every loss. I believe that trading is exciting, fun, and can be very rewarding. I also know that most guys go broke and quit. I hope that by following me you'll enjoy a new kind of penny stock experience. Of course we'll provide stocks that we believe are going to post HUGE returns. But we also hope that you try to absorb information and adopt a healthier trading philosophy. By trading smarter, you're trading better. Of course, if you're a veteran trader, big shot promoter, yada yada, then you'll love working with El Jefe as well. I'm not here to be the best, to have the biggest ego, or the wild antics, just different.
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