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Was your bid lower than the current bid? And how do u know in that other instance it was short?
Well if it eventually turns into a shell and another company reverses into it then, in that situation, may be advantageous to the shareholders. You know there was a board on Ihub exclusively for companies who use that filing. Do a board search and see if it is still there. They would probably know more than I do about it.
The 500 was a short sale why do shorts go down more than buys up and my bid did not regiistwr on the bid at on bids? Thanku
Could it be used to privatize the company or take the assets out of the company and then turn the public company into a shell??? With no benefit to shareholders
I put in a bid of 40000 shares an hour later it never showed at all on etrade acc why?
Not quite sure what you are asking here? Are you saying that you bought the shares and they aren't showing in your account? Or, are you saying that you put in an offer and you couldn't see your offer on Level II? If it's the latter then it could be because if you put the order in under the current bid they don't always show it. But if you are asking why you don't see the shares in your account then maybe it never filled.
Also how come 500 shares shorts goes down 33%and then a buy at a ask it only goes 10%?
Not clear on that question either. lol If you are asking why a stock could have a bunch of buys at the ask and it doesn't move much but one little sell could downtick it... well, that could be a sign of dilution.
When a company goes dark they file that form to deregister. Once they do that they no longer are required to file and usually drop to the pink sheets. The reason you see some people get excited over that filing is because sometimes a company files that to become a shell and then there is speculation of a possible reverse merger.
I put in a bid of 40000 shares an hour later it never showed at all on etrade acc why? Also how come 500 shares shorts goes down 33%and then a buy at a ask it only goes 10%? Thanku
For pennies, OTCMarkets.com will show this. For stocks that trade on the majors, you can pull up financial sites from Google or Yahoo:
Finance.Yahoo.com or Finance.Google.com (they should show pennies as well but if not, go to OTCMarkets)
Also, your online brokerage provider should show this information as well. I prefer Google as it appears to have a much leaner and cleaner look for me.
This to is helpful, thank you! I didn't realize, how can one stay current with the shares being traded from day to day?
You are welcome! You stated you were a new investor. I recommend
you look for actual filed info with the SEC on companies. This gives you real info. The companies with 20 million shares or less outstanding have a better chance of upward movement in share price if it is a growing business.
I wish you the best in your stock trading.
Thx for the tip!
ADHC just did a quick look. They have no revenues I mean zero, nearly a one million dollar lose for the year, and nearly one billion shares outstanding. Partnering here means nothing as far as real value. That is my opinion.
It was in reference to ADHC, they are partnering up to develop the ability to read medical info from iCloud app. I was trying to figure out if that company could be worth investing into.
Form 15-12G filed with the SEC "termination of common stock". Is anyone know what this means in lay man language? A small public company.
When you say partnering up, is it a merger? Are both Companies public? Is the larger company lending money to smaller company??
Need more detail to give an informed answer.
New investor here, what happens to stocks when a bigger company partners up with a smaller company?
thanks so much! Just sent him a note.
have a super day
can't say for sure, but i think meatloaf handles that.
http://investorshub.advfn.com/boards/profilea.aspx?user=10092
who do I ask from ihub to find out why news has come out for GEAR on marketwire and etrade but not showing up as news icon?
GEAR news - http://www.marketwire.com/press-release/golfgear-international-inc-announces-additional-stock-reductions-pursues-company-name-1572784.htm
LOL... that's true...
rotf u bet it isn't! Not a fair playing field for sure!
Thanks for reply! That's not fair :(
retail gets shown by mm's so if you have a large order you are out of luck - if you wanted to sell something and not show your order you would have to put separate orders in under 5k
Can somebody tell me how to hide amount of shares from L2? when I sell or buy large amount I don't want to be seen. A lot of MMs doing that. They show 5K, but it can be 500 000 instead.
If you are referring to a forward split that would be the case - a 3:1 split would give you three shares for every one you own but the price would be one third of the presplit price and the shares outstanding would triple. But if a company is just plain diluting - issuing shares that is not the case. You will still own the same amount of shares you did as you purchased and the price would most probably drop but not all the time depending on other things going on such as news, filings, etc. When shares are increased it does not necessarily mean that the share structure changes as with a forward split.
If there is a share count going from aprox. 305 million to just over 900 million shares...this would mean that I would have approx. 3x my shares at 1/3 the price...correct?
IS there any other option to the outcome there?
At one time I was a mechanic but my wife didn't like me coming home all greasy every night but that does make sense to me. Any car we have bought I have stripped it in my mind (and more)before taking it home.
Before I make my next trade, I will take a trial in II.
Thanks, MM
Good analogy! lol
Level 2 has helped me out quite a bit as a relatively new investor / trader. To me, Level 1 is like purchasing a used car and taking it for a test drive. A test drive may not reveal other hidden things that could be going on with the car. However, it may be enough for some car buyers who have a general knowledge of how cars work.
Level 2 is like taking it to a mechanic and having him point out additional things under the the hood of the car, so to speak. He may find something with the engine, cooling system, etc (MM games, dilution) which may influence your decision to purchase.
I would suggest, as Cintrix said, to try a trial. I am on a trial with InvestHub and may continue with it. I like what it shows and it helps me to make better decisions. However, if you are confident that your test drive (Level 1) is enough, there is no need to take it to a mechanic (Level 2).
Thanks, that answers my question.
MM
To be honest with you, I don't think 2-3 trades per month warrants paying for level II. Don't be paying anyone for level I - you get that for free. If someone is offering you level II trial for free the first month, then try and see if it is worth it to you. You may find that you will be trading more often once you have it. If you find it is not worth the money cancel the membership. Another idea is for you to go to:
http://www.otcmarkets.com/home
there are certain companies that pay them to show their level II for free - I don't know the tickers off hand (maybe someone else can throw you a few tickers) but once you find a few you can study it and see if you like it or not.
I get my level II from Etrade - I think they require that you trade 30 per quarter in order to qualify.
My long term trading usually amounts to a few times a year but my short term maybe 2-3 times monthly. If I make $200-$300 on a short term trade I'm happy. If all I get is bid/ask from level I, I get that with Scottrade. That's not worth paying for. I thought it would have more than that.
As far as giving my credit card, it's not that I don't trust a reputable company like this one it's just that I don't want to sign up for something that only provides something as you say, bid/ask which I can get anywhere.
Maybe I asked the wrong person. Sorry
MM
What do you mean by limited amount of trading? If you are an investor and you are purchasing big board stocks for yourself only a few times a year you don't need to buy level II - level I with current bid/ask should be sufficient. But if you are actually trading (buying and selling equities and not holding them long term) you need level II. When you are buying and selling it is to your advantage to see the mm line up. You can usually judge by looking at level II if something is going to uptick or downtick.
I'm not sure why you don't want to give them your credit card. If it is a reputable company I really don't think you have anything to worry about. Just remember to read the fine print and give them whatever notice they ask for in regards to canceling it if you chose to. If you are nervous about using your credit card online, there is something called virtual credit cards. I know Citibank has it and I use it often. Don't know how many other credit card companies have this option, but it generates a different number for each merchant so no one can steal your card and use it elsewhere.
This is directed to cintrix and sayuncle.
I have been following your thread and it seems as though both of you have a much better grasp on things than I do. The info I got from you is very insightful. Cruising these boards has been the best place for me to learn things I couldn't get anywhere else. The one thing I would really like to know about is, this level 1 & 2 thingy.
Because of the limited about of trading I do, the $9.95 @ month for level I is all I would like to spend. How would I find out it's advantage without giving out my credit card number?
Also, which level do you think is necessary for a limited trader like myself? Would level I help?
Thank you both,
MM
That is a very broad question. With the majority of public companies most information is available via a filing or news release. If it is a reporting company, specific questions would probably be geared toward their business or product. Unless it is a pink and then you might have to ask them questions such as "who is your ta" or "why is the ta gagged?" or "is there any truth to a rumor regarding...", "do you plan on increasing the os?" There are loads of questions.
What are some great questions to ask the Investor Relations department of a company you want to invest in?
Technical glitch. It happened to me when I traded through ShareBuilder. By the way, they charge a grip for trading pennies because they add on an additional fee on top of the commission.
I would suggest eTrade or another service that charges a flat rate. I would have saved a lot if I moved to eTrade earlier.
Good luck.
You didn't mention what type of an account you have. There are so many different balances such as cash buying power, overnight buying power, daytrading buying power, etc. The easiest way to find out is to call up your broker and have them explain why your account is showing a 1760 balance when it should be 450. They will tell you if they are letting you have four times your actual amount or if it is just a technical glitch. They are the ones showing the discrepancy so don't be shy about asking them.
I need a question answered. In my sharebuilder account i have three positions, one for about 50 dollars, one for about 100 dollars, and one for right at 300 dollars, totally 450 dollars worth of stock. However, when i look at my portfolio overview, it shows my account balance at $1760.00 It was accurate until this morning when i bought the new position for 300 dollars. If i look at the details it shows the stock and ETF balance at 1950.00, and the cash value at -200.00, because i bought the stock direct funding via my bank account. But when i open the portfolio it shows the three positions at the values abouve and the total at 450.00 So where is this $1760.00 figure coming from? All three stocks have been steady at the same price they opened at, so that is a non factor, I need help PLEASE!
I have been online trading since 1996. But I will be bluntly honest with you. If I didn't have my spouse's salary (and health benefits) coming in during some really bad trading years I would have been out of this business a long time ago. I also over this time period had to take night jobs at certain times to supplement if I was having a bad year. If you do this for a living it takes a lot of time to learn the ropes and develop a working strategy. And your strategy has to change during market/economy fluctuations.
(or at your leisure without a day job)
lol there is no "at your leisure" if you decide to do this full time and make a living out of it. You have to be a slave to your computer all day if you want to trade.
This full time trading has worked well for me, but as I mentioned, I had other income coming in during the hard times (and you will have them). I personally don't encourage anyone to leave their jobs to do this full time. There have been so many people I know who tried it and are long gone. There are very few of them left from the 1990's when online trading first got started.
Wow. Maybe that is the mistake I was making...investing as opposed to trading them. Out of the 15 penny companies I have been involved in, only 1 appears to be a long term investment and have the customers, product and cash to back it up.
If I may ask, have you been successful at it to do it full time from home (or at your leisure without a day job)? That's where I want to get to....personal trading to the point it surpasses my job income.
Any pointers you can offer to move in that direction are appreciated in advance. Thanks for responding.
I will tell you this and it is MY OPINION regarding investing. Don't invest in penny stocks. Just trade them. I have been trading them for 15 years now and learned the hard way. There are very, very few penny stocks worth investing in. If you want to make money off of them, short term trade them.
Now, to answer question #1 if you decide to INVEST in the big boards, here is a site that tells you each day which sector is going down, up, and flat. It shows its' competitors too. It is divided into sectors. Just put your mouse over the box and it will tell you the company name:
http://www.smartmoney.com/map-of-the-market/
Hi. I need some help with my DD - lots of help! I have had way more losses than gains in penny land (investing less than 6 months) and readily admit I MUST be doing something wrong. I have halted all real trading (but not funding to my brokerage account) and will commence paper trading tomorrow.
1. Is there a relatively quick and easy way to pull up a list of a companies by sector and industry, see their competitors and how the industry/sector is doing overall?
2. What are some good questions to ask Investor Relations after doing your DD?
I cannot think of anything else now. I just know I need to do way more digging into companies and not get so caught up on the share price and look more for the value and potential for growth. The share price has bitten me more than enough times over the last 6 months and it is time to reverse this trend.
Depends on which level II service you use. Some show the full offer size and others abbreviate.
Ohhh, I see. I was wondering who would sell 50 shares at .0001. Thanks for responding. This is the most helpful site I have been on in a long time.
Another thing about your screen shot - you do know that you need to add 00 to the size of the offer. 50 really means 5k
Those numbers always get filled in. In that example say it actually went up to .033 the next ask isn't showing. It isn't going to go from .033 to .185 although I always laugh when I see someone post something like "it's thin from .033 to .185"
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