Investor Help (NO Ihub questions)

[cintrix]

Any time you read a public message it will no longer show up in your mailbox - you could hit "keep" if it is important and you want to save it. As far as Etrade and Mac are concerned, I do not use a mac but I have never heard of anyone having problems with EtradePro using one. If you make more than 30 trades per quarter it is free and you get way more than free level II. I would call up Etrade and ask them straight out if there are any issues running Pro with a mac.

[kaos2k]

Hello and thank you for the response,

Seems like every time I get a question answered ten more questions pop up. Do you use a Mac w/ Etrade? I got an offer for a free three months from Ihub for their annual subscription drive, I'm interested in learning level II quotes to see what is really going on with Otc (especially one stock). Also, it seems that once I read your message, it disappeared from my inbox, I guess I have to save them or search them out on the board.

Cheers,
Kaos2k

[Equity Reviewer]

Is there a process where a company can order a share recount with the transfer agent? It would be interesting to see or identify any unregistered, restricted shares from being sold illegally.

[cintrix]

that was a typo - it should read over 25K, not 23

[cintrix]

I didn't know there were conflicts with Mac's and trading platforms. Did you try Etrade Pro? I have used multiple brokers at one time if that is what you are asking. You can do it if you have enough money so that you can have a margin account over 23k in each. If you don't I highly suggest you keep your money in one account so you don't have to worry about pattern day trading rules.

[kaos2k]

Does anyone know of a Mac/Apple friendly broker with OTC level II quotes available. I would like native tools and training if possible. Streetsmart edge in the cloud is a kludge on a Mac IMO. My apologies if this has been asked before, but I've looked around and have had minimal luck. Schwab isn't doing it for me.. They admitted as such. Also any problems with working with multiple brokers? Should I cancel my account? Obvious NooB here. I would appreciate any help in this digital desert. Cheers.

[Coachmen]

They do that

[Hank Chinaski]

Ah good point thanks for the wisdom I didn't think of that

[cintrix]

Sometimes that painting of the tape is done not for the reasons you are assuming. It usually is to manipulate the price and make it look like an uptick at end of day. But some penny traders who's margin accounts dip below the 25k threshold at eod will sometimes do that to a penny stock they own a lot of shares of in order to have their accounts stay above that amount.

[Hank Chinaski]

Yes and I see a lot of spoofing in penny stocks too which is also illegal. There's so much of it going on though I don't know how they could possibly enforce it

[cintrix]

Yes, and did you know that this activity is illegal? They probably don't enforce it, but painting the tape at the eod to make it look like the price upticked is considered manipulating the market. You are not supposed to do it.

[Hank Chinaski]

Sometimes traders with large positions slap the ask with a small order just to raise the ticker price up a tick, especially in the final seconds of trading. That last trade makes the stock look better for the opening bell the following morning, and the ask may end up being one tick higher for the next opening bell. I see it all the time. Some brokers charge commissions based on the amount of shares bought, so people aren't necessarily paying $6.99 in commissions for a tiny trade like that

[cintrix]

meaning they are not sure if it is a buy or a sell - i never ever pay attention to those things because they are assumptions - what you could surmise from it is if you see a lot of green activity it would mean more buying but I personally just watch level II for that

[Preacher]

Please share with me what unclassified would be. Thanks

[cintrix]

I would guess this:
Green = buys
Red = sells
White = unclassified

[Preacher]

When looking at the level 2 screen on TD Ameritrade I am seeing red/green/ and whiles sales. What do the 3 different colors represent?

[cintrix]

T trades are supposed to be listed in premarket and after hours. Cross trades are usually not recorded. I can remember a long time ago when we used to watch the daily volume and multiply it by two and try and figure out dilution amounts. The only way to really know how much dilution is going on is to call or email the TA regularly and ask them for a current outstanding amount. Everything else is just a guessing game.

[HighPeaks]

Is there an accurate way to calculate daily dilution amounts. I've heard cross trades and T trades represent the amount of dilution. Is that true and if so how does one determine what is a cross trade? I guess T trades are anything shown after market?

[cintrix]

Those are SEC filings. Here take a look:
Forms 3, 4 and 5
In Forms 3, 4 and 5, investors watch how ownership and purchases are shifted by the company's officers and directors.

Form 3, the initial filing, tells the ownership amounts.
Form 4 identifies the changes in ownership.
Form 5 is an annual summary of Form 4 and includes any information that should have been reported.


Read more: SEC Filings: Forms You Need To Know http://www.investopedia.com/articles/fundamental-analysis/08/sec-forms.asp#ixzz4smInLwEZ
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[Capncrunch1]

Yes 4's I thought I saw 3's as well.

[cintrix]

Have no idea what you are referring to. Post a link. Are you talking about filings? Did you see someone say 4's have been filed?

[Capncrunch1]

What do people mean in their posts by 1's, 2's, 3's and 4's? Thanks!

[cintrix]

Yeah, that does make it a little easier for those with cash accounts. I've got a cash account on my IRA - some brokers allow customers to get around the settlement rule on those - Etrade doesn't.

[Trading4it]

One other thing worth mentioning is that settlement date(s) just went from T+3 to T+2 effective 9/5/2017

[Trading4it]

Is short sale covering volume counted as part of Daily Short Sale Volume by sites such shortvolume.com ? Thanks

[cintrix]

Depending on your broker and how much trading you do, you can sometimes convince them to lift the suspension/restriction - I did years ago. I hate cash accounts. When you have a margin account you never have to worry about settlement rules.

[Trading4it]

For first (or possibly second offense) they restrict you're ability to make purchases using unsettled funds for 90 days.

[ChampionOfTheSun]

Please let me know if you ever find this. Would much rather have discussions that dont devolve into fighting trolls

[cintrix]

free ride as in using unsettled funds? I wouldn't. They suspend your account if you try selling them.

[veryclevername]

Should I free ride once if I see a good opportunity?

its hella tempting

[cintrix]

I am not a fan of long term investing in pennies. Usually if you have a penny stock long term it is because you are a bagholder. Of course there are some (a small percentage) that do go up a lot if you hold them long enough, but most of them don't. They are penny stocks for a reason. With that said, and I know you didn't ask my opinion on that so sorry, I would say that nowadays this is probably the best forum. There used to be more like Raging Bull but they are all mostly gone or just not as busy as they were. Another one, and one of the first is http://www.siliconinvestor.com/ - not sure how much traffic that one gets, but maybe a longer term type. This particular board would have been exactly what you are looking for but I don't know how good it is now - the original mod passed away a few years ago:
http://www.siliconinvestor.com/subject.aspx?subjectid=50570
It was for longer term, better share structure cheap stocks.

[SO75]

This is probably your best bet here. Unfortunately you get the mix of longs and flippers. You just got to find the right people for you and ignore the rest.

[HighPeaks]

Thanks but that wasn't my question. I have a stock I would like to share with an appropriate forum for long time penny investors.

[HighPeaks]

Do you know of any good investing forums for long term penny/micro cap investors as opposed to short term flipper forums like iHub.

[FamaOfSouls]

Ah got'cha. That makes sense then. Definitely thanks for the help Cintrix. May your trades be plentiful and profitable. Good day to you.

[cintrix]

Not always - any out of order trade is a T trade - they don't have to just show up after hours.

[FamaOfSouls]

These trades occurred during trading hours, not after hours. Sorry I didn't give that important piece of info. From the article, T-trades are posted after the bell. Thanks for your help Cintrix.

[cintrix]

Probably T-trades: that the only requirement of market makers by FINRA is that they must report all trades in a day. They are not required to do so when the actual trade occurs.
https://incrediblepennystocks.wordpress.com/2013/06/25/incredible-penny-stocks-what-is-a-form-t-trade/

[FamaOfSouls]

I got a question guys. For those well versed in reading L2. I've been seeing out of sequence trades in AMFE. Like today, 430,199 shares at 0.1815, but bid was higher than that. And it's highlighted in yellow, vs where a buy is green and sell is red. What type of trade is that and are there any links with info about it? Thanks in advance for any answers provided.

Thanks again Homey (Homebrew)!

[cintrix]

Is gambler your synonym for a trader? lol

[Homebrew]

Open a brokerage account, deposit money, think about your risk tolerance....Are you an investor or a gambler ?

[Donjuan1]

I'm New to stocks. how to i get started ?

[cintrix]

It is a website and you need to register. Google it. I won't be posting links to ihub's competitors.

[cintrix]

Are you selling at the bid and buying on the ask? That should almost guarantee you get a fill. Also, don't use an AON - that might delay the execution too. If you are being careful and don't want to bidwhack or buy on the ask then it is just a matter of whether you luck out or not and get a fill. Also if you are using limit orders, if you price doesn't hit you won't fill. If you want a definitive fill you have to put the buy order in at the current ask or above and sell at the current bid or below.

[Xaggerating]

I seem to be having trouble when trying to buy and sell. I always put a limit on them but I never can seem to sell or buy when I want. Is there a trick to this. Anyone have any pointers?

[cintrix]

This question has come up many times over the years. The name I remember from a few years ago that did allow it was Interactive Brokers - but I don't know what their policies are now. Give them a call and see if they will accept them.

[Lena01]

cool posts

[IvanPutski]

Does anyone know of a trading platform that will allow you to transfer in holdings of OTC penny stocks? So far the platforms I've looked at(TD,Merril)refuse to transfer in any OTC stock that is under $1.

[cintrix]

I agree with all you said. I am not a fan of stop orders, but I can say this because I sit in front of the screen all day and have more control than some do. If you are trading on the side and you can't be watching the screen they are a valuable tool to protect yourself. I like stop limits better than stops. They may not get that total guarantee of a fill if your price hits, but you don't' have to worry about your order turning into a market order. I think using or not using them is all a matter of a person's situation.

[iltghwism]

http://www.investopedia.com/ask/answers/030915/how-do-i-determine-where-set-my-stop-loss.asp