Eastern Asteria, Inc. (EATR)

[cparma]

About to break another HIGH of the DAY!!! This is Moving Really Nice. Any drop is met with BIG BUYING!!! Lots to Like here!!

[richierich928]

Sunny is on this one. Should go 2 pennies by deadline.

[cparma]

Breaking NEW HIGHS!!! This is Headed MUCH MUCH HIGHER!! Massive Runner today on Massive Volume!!! Thinning out on Level 2 as well!!!

[surfkast]

I am surprised.

[greybeard34]

Been waiting on that first sign, perfect

[trackkwizzard]

Very nice $$ $EATR

[Papes]

Nice!! $EATR

[Spartanfan1]

Wow- I had a lot of respect for you. Again, you’re better than this

[surfkast]

Yes! And hopefully this one will be shut down soon!

[Spartanfan1]

Sad- you’re better than this

[surfkast]

Pink No Information


Dark or Defunct

Warning! This company may not be making material information publicly available

Buying or selling a security on the basis of material nonpublic material information is prohibited under Section 10(b) of the Securities Exchange Act of 1934 and Rules 10b-5 and 10b5-1 thereunder. Violators may be subject to civil and criminal penalties.

THIS COMPANY HAS NOT FILED SINCE 2013 AND WENT DARK IN 2007.

[The Night Stalker]

https://www.stockscores.com/chart.asp?TickerSymbol=%20eatr%20&TimeRange=1095&Interval=w&Volume=1&ChartType=CandleStick&Stockscores=1&ChartWidth=1100&ChartHeight=480&LogScale=None&Band=BB&avgType1=SMA&movAvg1=50&avgType2=SMA&movAvg2=200&Indicator1=RSI&Indicator2=AccDist&Indicator3=MACD&Indicator4=None&endDate=&CompareWith=&entryPrice=&stopLossPrice=&candles=redgrevhub

[greybeard34]

Going to move nicely once we see some otcmarket updates. Get ready

[The Night Stalker]

can pop

[The Night Stalker]

https://www.stockscores.com/chart.asp?TickerSymbol=%20eatr%20&TimeRange=1095&Interval=w&Volume=1&ChartType=CandleStick&Stockscores=1&ChartWidth=1100&ChartHeight=480&LogScale=None&Band=BB&avgType1=SMA&movAvg1=50&avgType2=SMA&movAvg2=200&Indicator1=RSI&Indicator2=AccDist&Indicator3=MACD&Indicator4=None&endDate=&CompareWith=&entryPrice=&stopLossPrice=&candles=redgrevhub

[ming1234]

feel like its going to move hard

[Papes]

Great upswing $EATR … getting ready for the big moves…

[lgrace921]

EATR continuing its climb and holding nicely on intraday.

[lgrace921]

EATR holding nicely. A sure run coming.

[lgrace921]

EATR moving nicely, going for that win. Nothing to stop it now. Keeping a watch on this one.

[Papes]

Nice … $EATR

[lgrace921]

EATR slow but sure. It's a good runner. It never disappoints.

[Ralks Sucks]

Truth is a Defence for Slander.

[UncleRico13]

KEEP IT GOING, THIS HAS BEEN A GREAT DIALOGUE TO THOSE WHO HAVE TAKEN THE TIME & INTEREST (REGARDLESS OF THE TICKER).

[UncleRico13]

KEEP IT GOING, THIS HAS BEEN A GREAT DIALOGUE TO THOSE WHO HAVE TAKEN THE TIME & INTEREST (REGARDLESS OF THE TICKER).

[The Night Stalker]

watching

[Fredric]

Ask slaps starting back up slowly

Could see a move soon.

Hodl

[Fredric]

Just went quiet

[Fredric]

Now that's how you eat #ask lol

#eatr

[Fredric]

Show me the money

[The Night Stalker]

https://www.stockscores.com/chart.asp?TickerSymbol=eatr&TimeRange=1825&Interval=m&Volume=1&ChartType=CandleStick&Stockscores=1&ChartWidth=1100&ChartHeight=480&LogScale=None&Band=None&avgType1=SMA&movAvg1=50&avgType2=SMA&movAvg2=200&Indicator1=AccDist&Indicator2=CMF&Indicator3=StochRSI&Indicator4=MACD&endDate=&CompareWith=&entryPrice=&stopLossPrice=&candles=redgreen

[surfkast]

The $2.50 requirement is non negotiable. If a trader were to have the funds and want to go short. They would have to be conscious of when they buy/sell. If they become a pattern day trader, more rules come into play.



A pattern day trader (PDT) is a trader who executes four or more day trades within five business days using the same account.1

Pattern day trading is automatically identified by one's broker and PDTs are subject to additional regulatory scrutiny and limitations.

https://www.investopedia.com/terms/p/patterndaytrader.asp



(2) $2.50 per share or 100 percent of the current market value, whichever amount is greater, of each stock "short" in the account selling at less than $5.00 per share


https://www.finra.org/rules-guidance/rulebooks/finra-rules/4210

[Dcab]

Can you explain this bnet tv.com relationship that was from a twitter post? Thanks

[AlanWeedspan]

Help me understand here. Isn’t the existence of those short positions the proof that there are traders who decided it was a worthwhile trade? Those traders negotiated down the margin requirements with their broker and/or mitigated the risk and/or are sitting on fat bands.

There are plenty of traders out there with seven-figure accounts who would, if they could, push a button all day long that made $1800 cash.

Again, the margin requirement is not the “risk” on the trade as you put it. It’s technically just a deposit to play. The risk on the trade is how much you’ll lose if the trade goes against you. If you’re short a million shares at .001 and it pops to .01 before you can cover (unlikely), then you have lost $9000 not $2.5M.

[The Night Stalker]

https://www.barchart.com/stocks/quotes/EATR/technical-chart?plot=CANDLE&volume=total&data=DO&density=X&pricesOn=1&asPctChange=0&logscale=1&indicators=BBANDS(20,2);SMA(13);PTP(50);SRSI(14,14);WILLR(14,40);ADX(14);ACCUM;MACD(12,26,9);RSI(14,100);SMA(50)&sym=EATR&grid=1&height=500&studyheight=100

[The Night Stalker]

https://www.stockscores.com/chart.asp?TickerSymbol=eatr&TimeRange=1825&Interval=m&Volume=1&ChartType=CandleStick&Stockscores=1&ChartWidth=1100&ChartHeight=480&LogScale=None&Band=None&avgType1=SMA&movAvg1=50&avgType2=SMA&movAvg2=200&Indicator1=AccDist&Indicator2=CMF&Indicator3=StochRSI&Indicator4=MACD&endDate=&CompareWith=&entryPrice=&stopLossPrice=&candles=redgreen

[The Night Stalker]

strong

[surfkast]

The broker's numbers change due to buying/selling of their inventory.

And is someone has $2.5 million or more in their account, to short a .0018 stock to make $1800 is a joke. There are too many other investment vehicles that yield a far better return with no risk.

[AlanWeedspan]

You make a solid point. I get that the margin requirements are hefty. But, the margin requirements do not help explain the fact that those inventory levels are active daily and organically changing. And, according to Interactive Brokers directly: are the result of "retail and institutional" short positions.

Hefty margin requirements 1) do not stop anybody with a big account from shorting freely, and 2) are different through different brokers. I'm confident there are ways to negotiate these margin requirements too.

You pose the issue as though someone is *risking* $2.5M to make $1800, which is an illogical risk/reward I agree. However, that $2.5M is not lost or spent on the trade. It is only held in the account to cover the unlikely event that a short-seller gets squeezed before they have a chance to exit the trade. In 99.9999% of cases that $2.5M isn't even touched.

Many activities in life have hefty margin or deposit requirements. Luxury rentals often require enormous deposits. But they are still frequented.

The main issue as I see it is that the inventories are active and changing organically throughout the day. As unlikely as it seems to open a short position, it doesn't change that fact. With all respect, I still do not get how you reconcile the changing inventory levels with the suggestion that shorting is illogical?

[surfkast]

Here is the issue no matter what their inventory states.


For short positions, the maintenance requirement on stock greater than $5, is $5 per share or 30% of the stock value, whichever is greater. For short positions in stock where the last sale price/share is less than $5, then the maintenance margin requirement is $2.50 per share or 100% of the stock value, whichever is greater.

https://ibkr.info/article/285


To short 1 million of EATR @.0018 would cost $1800 for the shares plus $2.5 million for the margin.

The best case scenario n would yield $1800 minus commissions and fees.

Totally illogical.

[The Night Stalker]

https://www.stockscores.com/chart.asp?TickerSymbol=eatr&TimeRange=1825&Interval=m&Volume=1&ChartType=CandleStick&Stockscores=1&ChartWidth=1100&ChartHeight=480&LogScale=None&Band=None&avgType1=SMA&movAvg1=50&avgType2=SMA&movAvg2=200&Indicator1=AccDist&Indicator2=CMF&Indicator3=StochRSI&Indicator4=MACD&endDate=&CompareWith=&entryPrice=&stopLossPrice=&candles=redgreen

[AlanWeedspan]

Good stuff. I did know SureTrader is being shut down. And perhaps it is for violations among these types of issues. I have not read the specifics.

I reached out to Interactive Brokers directly to ask about their short inventory daily data. Here is an excerpt from their response:

“It is updated on a near real-time basis throughout the day for changes to IBKR's inventory and, periodically throughout the day to reflect updates to the availability lists of other brokers, Referencing your example, the borrowers could be retail or institutional investors.”

Help me understand how else would you explain the changes in inventory throughout the day other than active short positions? The inventory levels quite often reflect the actually activity on the stock too, meaning that on days of heavy selling the inventory goes down to near zero. And not down suddenly like the inventory was pulled by a provider but rather they change incrementally as though more and more shares are checked back out and in. Interactive Brokers provides updated data every 30 minutes and also shows the last 24 hours of data.

I consider you an expert in these matters. Kindly help me understand what I’m missing.

[The Night Stalker]

churn

[surfkast]

Suretrader?

Offshore shorting of US stocks through other brokerages?.

Nope. Not unless they are listed on another exchange.


Non-U.S. entities seeking to conduct a brokerage business in the United States or with U.S. investors (including identifiable groups of U.S. citizens residing abroad), that compliance with U.S. securities laws and regulations is not optional. The U.S. securities laws apply even if the brokerage services are provided by an entity located outside the United States to existing clients that have permanently relocated to the United States. Similarly, the U.S. securities laws apply where brokerage services are provided by an entity located within the United States to customers located outside the United States.

https://www.jdsupra.com/legalnews/recent-sec-action-reminds-non-us-broker-92356/



What is Interactive Broker's margin rules for stocks below $5?
Overview:
Interactive Brokers does not have a special rule regarding stocks that trade below $5. Although other brokerage firms may have a house rule regarding stocks trading below $5, IB does not employ such a rule.

Background:
There are other IB-specific rules to consider in this scenario, however. In general, IB would not have a special rule for long positions in stock trading below $5, as long as they are exchange-listed. Once a stock is delisted from one of the exchanges and moved to the OTC market, it would be subject to a 100% margin requirement, since the stock would no longer be considered marginable.



Also for long positions, the maintenance margin requirement is 30% of the stock value or $2,000, whichever is greater.



For short positions, the maintenance requirement on stock greater than $5, is $5 per share or 30% of the stock value, whichever is greater. For short positions in stock where the last sale price/share is less than $5, then the maintenance margin requirement is $2.50 per share or 100% of the stock value, whichever is greater.

https://ibkr.info/article/285



SureTrader Review 2021: First Suspended, Now Closedhttps://daytradingz.com › suretrader-review
Based on my research, the closing process went smoothly. Existing clients had the opportunity to either move the account to another broker or to request a bank ...

Also:


SEC Charges Bahamian Broker-Dealer and Its Principal with Operating IIIegally in the United States
Litigation Release No. 25058 / March 22, 2021
Securities and Exchange Commission v. MintBroker International Ltd., f/k/a Swiss America Securities, Ltd. and d/b/a SureTrader, and Guy Gentile, No. 1:21-cv-21079 (S.D.F.L. filed March 22, 2021)


https://www.sec.gov/litigation/litreleases/2021/lr25058.htm

[AlanWeedspan]

It used to be this way but not any longer. Some traders on Twitter make a living out of shorting OTC. Margin requirements have come down, and more brokers (like SureTrader) make it more accessible than ever.

You can see the available short inventory through Interactive Brokers and others. EATR shows over 10M+ of inventory available to retail to short. And it is commonly ALL checked out with little availability.

[The Night Stalker]

hey bby gurl

[surfkast]

Two things are very obvious if one does some DD. This was front loaded and the promoter is gone.

Going back to January and continuing until early march, there were two three days when 100 to 400 million shares bought. There were many days with no or minimal buying which lets the PPS remain stable and low.

Very few posts for months, the on March 23, this gets blown up.

Now there are barely any posts.

[shots60]

Who is the promoter?

Why he is gone?

[surfkast]

The promoter is gone. This scam will go to trips.

[The Night Stalker]

https://www.stockscores.com/chart.asp?TickerSymbol=eatr&TimeRange=1825&Interval=m&Volume=1&ChartType=CandleStick&Stockscores=1&ChartWidth=1100&ChartHeight=480&LogScale=None&Band=None&avgType1=SMA&movAvg1=50&avgType2=SMA&movAvg2=200&Indicator1=AccDist&Indicator2=CMF&Indicator3=StochRSI&Indicator4=MACD&endDate=&CompareWith=&entryPrice=&stopLossPrice=&candles=redgreen