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It all depends on the mm and what might be going on. Sometimes a mm is on the ask because they have a huge amount to unload - when you see it move off the ask you can guess that that mm is done selling.
Large gaps between the b/a often happen with thinly traded stocks.
That's right. PInk has nothing to do with how long you hold it. If you have a margin account you can buy and sell pinks and not have to worry about Reg T.
No, not that I know of, as long as you have the funds to cover the next buy there should be no restrictions.
Question: If one sells a pink stock, do you have to wait 3days(trade to clear) to buy another pink stock? TIA
As far as penny stocks go, dividends can be very shaky ie the company never delivers the divs, you get the divs in restricted shares and it cost you more to unrestricted them then their worth. Basically they can do that because in most cases it does not effect them... There are some rare cases where you get a div in unrestricted shares and can sell once they hit your account. I have like 10k in divs for a stock trading at .0001, would cost me 150.00 = 250.00 depending on the broker to unrestricted $1 in shares.
Hi, Is this the place to get wisdom, knowledge, etc..
On my etrade ticker what does it mean when:
PERT leaves offer
PERT leaves bid
VERT leaves offer
VERT joins bid etc.
I think I know these are the MM's either offering to buy or sell at the ask or bid (is that correct) and if it is what does it mean to me as an investor watching their activity? The price and time is given but no volume. Also are their any good understandable books that explain this stuff you could recommend.
Next what accounts for such large gaps between ask and bid sometimes. I saw one at .13ask .03bid. One needs a 400%+ move to just break even?? Can anyone shine light on this for me.
TIA
Can anyone answer this dumb question on dividend stocks ? I was reading that you can buy a dividend stock and hold it for one day, then sell it the next day (ex-dividend) date and collect the dividend. As long as your on the companies "record date", you will recieve the divy. Why would a company pay a "investor" a stock dividend if there only holding the stock for a day ? And why isn't everyone in the whole world doing this ? We could be buying dividend stocks and be making a killing ! What am I missing here ?
"You must only own the stock one-day to be entitled to receive the dividend payment."
Heres the info :http://ex-dividend.com/howitworks.html
Posted by: Boston of MIA Date: Friday, February 27, 2009 12:38:27 PM
In reply to: None Post # of 124346
can someone explain "ask slapping" and why it's so important on momentum moves? Thanks
Ask slapping refers to folks buying at the ask - versus trying to buy at bid or in between the bid and ask. Buying at the ask is more likely to dry up the stock and cause an uptick....hence the momentum reference.
Exactly. My big rook guess, is someone (thru a MM i guess) negotiates a large block so they can buy a chunk or two without driving up the price during the normal days range. But they are still paying a premium and the day started out at 0108 I think..
Well that can't be that repurchase agreement because it was supposed to be a discount of the current price per share - that is not discount. lol
good Friday cintrix,
here are those interesting large blocks we discussed...I think the 6 out of last 8 fridays it has happened, total about 80M shares...you think some type of accumulation as to not drive the price up?
t 0.0158 10327000 OBB 16:17:36 <<<<<<<
t 0.0158 10327000 OBB 16:17:08 <<<<<<<
t 0.0122 100000 OBB 16:00:43
t 0.0123 145000 OBB 16:00:34
t 0.0122 145000 OBB 16:00:32
t 0.0122 145000 OBB 16:00:26
t 0.0122 250000 OBB 16:00:23
0.0126 15000 OBB 15:59:42
0.0125 5000 OBB 15:59:28
0.0125 10000 OBB 15:59:14
0.0125 5000 OBB 15:59:05
0.0127 20000 OBB 15:58:52
0.0127 5000 OBB 15:58:47
0.0129 5000 OBB 15:58:14
0.0124 100000 OBB 15:57:52
0.0124 25000 OBB 15:57:51
0.0124 100000 OBB 15:57:46
0.0122 100000 OBB 15:57:44
0.012 100000 OBB 15:57:36
0.0124 50000 OBB 15:57:28
0.0124 50000 OBB 15:57:20
0.0124 30000 OBB 15:57:11
Tracy,
I am not that savvy on BK proceedings. I do know that the commons are usually wiped out in most cases. You can read the sec explanation here:
http://www.sec.gov/investor/pubs/bankrupt.htm
Hi There can anybody explain how a company can ignore the assets that belong to the common shareholders and cancel the common shares when a company emerges from chapter 11
I understand a company that is insolvent and has no Net tangible or intangible asset value canceling the common shares but what if there are assets? take for instance Htmxq of which I have 431,900 shares. I keep hearing that the shares will be worthless when they emeerge from bankruptcy how is this possible? In this case there is 222.9M in net assets after they pay off the debt. I am confused based on the rule of absolute priority the creditors are paid first then the bond holders then the preffereds and then the common. The majority of the debt is with one company (line of credit) there are no bond holders and no prefferds.
Under what authority can they just ignore the asset value to the common shareholders? What happens in case of a buyout can they play games there as well If anyone knows the answewrs or where I can learn about this...need help bad
Tracy
Looks good!
I'm getting tired *yawn* as well
Definitely helpful, just added to the ibox..
My night is going OK, long weekend yaaaaaaaaawnnnn
awesome information
the only one I have memozied is the "Q" and the rest I usually google :)
hope you're having a great night
Hi Tina, will get it up there in a few...
Great info IB
that needs to be in the ibox :)
What are the fifth-letter identifiers on the Nasdaq?
Example CHINA or CGFIA, etc.
Investopedia Investment Question see the list below.
Investopedia FAQs Icon
What are the fifth-letter identifiers on the Nasdaq?
All of the companies traded on the Nasdaq have four-lettered tickers, which are representative of the actual company. For example, the ticker symbol for Nasdaq-traded Microsoft is MSFT. However, in some cases, a ticker symbol on the Nasdaq will have five letters where the fifth letter is an identifier symbol that tells market participants something about the company. Below is a list of all of the fifth-letter identifiers on the Nasdaq:
http://www.investopedia.com/ask/answers/06/nasdaqfifthletter.asp
A- Class A Shares
B- Class B Shares
C- Issuer Qualification Exception (the company is not meeting all listing requirements but can remain on the exchange for the time being)
D- New Issue
E- Delinquent (in regard to SEC filings)
F- Foreign Issue
G- First Convertible Bond
H- Second Convertible Bond
I- Third Convertible Bond
J- Voting
K- Non-voting
M- Fourth Preferred Issue
N- Third Preferred Issue
O- Second Preferred Issue
P- First Preferred Issue
Q- Bankruptcy
R- Rights Issue
S- Shares of Beneficial Interest
T- Securities with warrants or rights
U- Units
V- When issued or when distributed (shares that are set to split or have another similar pending corporate actions)
W- Warrants
Y- American Depository Receipt
Z or L - Miscellaneous Situation (research is required to investigate the exact reason for the identifier being attached)
For more reading on this subject, see Understanding The Ticker Tape and The ABCs Of Stock Indexes.
http://www.investopedia.com/ask/answers/06/nasdaqfifthletter.asp
That too is a thought, as they've PR-ed 5 reductions in shares this year. Either RME or buyback on open market.
Thank you very much
Maybe it has something to do with the repurchase agreement:
In July 2008, RM Enterprises International, Inc., a company that is our majority stockholder and which is controlled by our officers and directors, agreed to grant the Company the right, exercisable by the Company at any time on or prior to February 28, 2010, to repurchase all or any portion of the 267,154,132 shares issued that RM Enterprises International, Inc. had purchased from the Company since January 1, 2008 at the original price paid by RM Enterprises International, Inc. to the Company for such shares, or an aggregate of $4,918,432.46 for all of such shares. Such shares were issued in tranches at the time of each of the advances of funds to the Company at a 40% discount from the market price on the date of each such advance. The average per share issuance price for the shares was $0.0184.
What's the ticker?
Some are saying pre arranged large block buys, but why not just hit the ask until you've got your fill? And i think it has been like that every friday this year. All between 4 and 11Million share blocks at a premium.
That's interesting. Each time those T trades were above the high of the day? I've seen the same thing happen in reverse where the large blocks were under the day's low which would indicate some type of conversion.
Greetings "cintrix", i'll drop the first help question for February.
How would you interpret trading activity such as this below...
t 0.0158 10327000 OBB 16:11:03 <<<<<<<*********
0.015 10000 OBB 15:59:50
0.0149 20000 OBB 15:59:40
0.015 75000 OBB 15:59:38
0.015 25000 OBB 15:59:26
0.015 75000 OBB 15:59:24
0.0149 100000 OBB 15:59:10
0.0149 150000 OBB 15:59:05
0.015 32467 OBB 15:58:43
0.015 40000 OBB 15:58:26
0.0149 35000 OBB 15:57:44
The entire days range was 013 - to 014ish then an EOD push to 015...but you can see a trade settled late, a very large block, and at a premium price compared to the rest of the day. Some are calling this a pre arranged trade. BTW, this has happened 6 Friday's in a row, T trades, at a premium price, all around 5 to 11Million shares that settle late at a premium to the day's range .
Still trying to figure out if I'm being duped or someone major is in fact buying in.
Thanks very much,
Rook
Thats perfect, thank you!
Not necesarily a investor question but does anyone know of a free search engine to search for lawsuits?
Trying to find info on (Red Willow Mid-Continent LLC)
Count
Thanks for the help
It really all depends on the situation.. in most case with listed stocks they usually come close to trading at the PPS. I never seen them hit the PPS I guess thats because things can happen last minute where `the deal could be broken. As far as afterwards thats up to the market..
I have a question if a merger/buyout deal states that shares will be bought at x amount, if approved by the shareholders on a certain date, does the shares usually start trading at that amount close to the time of the vote, or after the vote. I know nothing is written in stone, but just curious what happens more often than not... TIA
Free Book Download-Suze Orman 2009 Financial Action Plan till 1/15/09
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=34725691
Well I did have some gtc on some of them for a few weeks and there apparently were buys on the ask but no bid - so no selling. But isn't there supposed to be a sell for every buy? lol
You'd have to order the certificate (or transfer to a more cooperative broker), then abandon (into your fireplace?). Some expense, so depends how much of a write-off is at stake.
If you have a GTC market sell order sitting for three months, I respectfully suggest the shares are not trading.
But Etrade's spin on that is that they can't liquidate it. I guess I could donate the shares but in order for them to liquidate I would need to sell it since it is still trading. I don't think there is any form that allows you to "abandon" shares that are still trading. This was my understanding of it.
Claiming a Loss for Worthless Securities (Abandonment)
Securities abandoned after March 12, 2008 can be written off as worthless (US Treasury Reg §1.165-5)
Discussed in Pub 17 http://www.irs.gov/publications/p17/ch14.html
Worthless securities also include securities that you abandon after March 12, 2008. To abandon a security, you must permanently surrender and relinquish all rights in the security and receive no consideration in exchange for it. All the facts and circumstances determine whether the transaction is properly characterized as an abandonment or other type of transaction, such as an actual sale or exchange, contribution to capital, dividend, or gift.
You have to pay the entire capital gains. The account is under your name and ss# so you pay the gains and you can also use the losses up to 3k a year. If you want to do it so that you all fairly get taxed you would need to open up a joint partnership account - llc. You can ask Steve here if that is the best route for you:
http://investorshub.advfn.com/boards/board.aspx?board_id=4597
Are you trading these stocks for them out of your account?
Regarding Capital Gains Taxes...
I'm currently invested in a penny stock, and two others have given me money to invest into it for them. How will the taxes work on something like this? Just assuming for the sake of argument that I turn a profit, will I pay capital gains on the entire amount? Will they be taxed separately when I give them their profit?
Can anyone shoot me some info about this? Thanks...
Well, if it is a company that files and they issue a dilutive filing like an s-8 you will know.
Thanks that is exactly what I wanted to know if DOMS dilutes for the company. There is really no way to know for sure though, is there ?
Like what? When I was trading pennies they used to be a diluter and you didn't want to see them at the ask. They are DOMS = Domestic Securities, Inc.
Anyone know much about MARKET MAKERS like DOMS ?
"Big Board Stocks"
Many times we see traders/investors misuse this term. They have the false sense of belief that stocks that aren't "penny" stocks are big board stocks. When in reality, this is not the case.
"Big board" stocks = New York Stock Exchange (NYSE). Many so called big board stock players also play and post about NASDAQ and AMEX as well.
Just thought I'd post something about this since I see it incorrectly defined on ihub often.
http://www.investorwords.com/474/Big_Board.html
Big Board Definition
The oldest and largest stock exchange in the U.S., located on Wall Street in New York City. The Big Board is responsible for setting policy, supervising member activities, listing securities, overseeing the transfer of member seats, and evaluating applicants. It traces its origins back to 1792, when a group of brokers met under a tree at the tip of Manhattan and signed an agreement to trade securities. Unlike some of the newer exchanges, the Big Board still uses a large trading floor in order to conduct its transactions. It is here that the representatives of buyers and sellers, professionals known as brokers, meet and shout out prices at one another in order to strike a deal. This is called the open outcry system and it usually produces fair market pricing. In order to facilitate the exchange of stocks, the Big Board employs individuals called specialists who are assigned to manage the buying and selling of specific stocks and to buy those stocks when no one else will. Of the exchanges, the Big Board has the most stringent set of requirements in place for the companies whose stocks it lists, and even meeting these requirements is not a guarantee that the Big Board will list the company. also called New York Stock Exchange (NYSE).
NASDAQ Extends Temporary Suspension of Bid Price and Market Value of Publicly Held Shares Requirements
* Tuesday December 23, 2008, 12:25 pm EST
KINDERHOOK, N.Y.--(BUSINESS WIRE)--American Bio Medica Corporation (NASDAQ:ABMC - News) has received notice from the NASDAQ OMX Group (“NASDAQ”) that given the continued extraordinary market conditions, NASDAQ is extending the suspension of the bid price and market value of publicly held shares requirements. Enforcement of these rules is scheduled to resume on Monday, April 20, 2009.
Any company in the compliance process for a bid price or market value of publicly held shares concern will continue to be "frozen" at the same stage of the process until the end of the suspension. During the suspension period, companies can regain compliance and could still be delisted for other reasons.
On October 30, 2008, ABMC announced that NASDAQ had suspended enforcement of the bid price and market value requirements and had therefore provided the Company until February 10, 2009 to regain compliance with the minimum bid price requirement. Although NASDAQ has not provided ABMC with a new compliance date, since ABMC had 22 calendar days remaining in its compliance period for its bid price deficiency prior to NASDAQ’s initial temporary suspension, ABMC estimates they will have until May 12, 2009 to regain compliance. ABMC can regain compliance if the closing bid price of its common stock is $1.00 per share or more for a minimum of 10 consecutive trading days. The NASDAQ notice has no effect on the listing of ABMC’s common stock on The NASDAQ Capital Market at this time.
For more information on American Bio Medica Corporation or its products, please visit www.abmc.com.
About American Bio Medica Corporation
American Bio Medica Corporation is a biotechnology company that develops manufactures and markets accurate, cost-effective immunoassay diagnostic test kits, including some of the world’s most effective point of collection tests for drugs of abuse. The Company and its worldwide distribution network target the workplace, government, corrections, clinical and educational markets. ABMC’s Rapid Drug Screen®, Rapid One®, Rapid TEC®, RDS® InCup®, Rapid TOX® and Rapid TOX Cup® products test for the presence or absence of drugs of abuse in urine, while OralStat® and Rapid STAT™ tests for the presence or absence of drugs of abuse in oral fluids. ABMC’s Rapid Reader® is a compact, portable device that, when connected to any computer, interprets the results of an ABMC drug screen, and sends the results to a data management system, enabling the test administrator to easily manage their drug testing program.
This release may contain forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause actual results to differ, and such differences could be material. Such risks and uncertainties include, but are not limited to, the following: continued acceptance of the Company's products, increased levels of competition in our industry, the acceptance of new products, inherent risks associated with product development, regulatory approvals and intellectual property rights, the Company’s dependence on key personnel, third party sales and suppliers. There can be no assurance that the Company will be successful in addressing such risks and uncertainties and the Company assumes no duty to update any forward-looking statements based upon actual results. Investors are strongly encouraged to review the section entitled "Risk Factors" in the Company's annual report on Form 10-KSB for the fiscal year ended December 31, 2007, and quarterly reports on Form 10-QSB on file with the Securities and Exchange Commission for a discussion of risks and uncertainties that could affect operating results and the market price of the Company's common shares.
Contact:
American Bio Medica Corporation
Stan Cipkowski, 800-227-1243, Ext 106
Chief Executive Officer
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