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No they are sold when they are sold, but when a company issues shares it dilutes its' outstanding making it even harder for the pps to go up.
Great!! That was a good response...I appreciate it..
Thanks for the reply...Now technically if a company is giving away shares to someone, say as compensation for promotion, does this qualify as being sold? I doubt the company is buying shares from the the float to give to a promoter so I wonder if these shares will show up as trading volume...
haha, I was just poking fun with ya, now lets make some cash.
Actually it was margaritas.
Any shares sold would show up in the trading volume.
I think Cintrix is still drinking her wine coolers this holiday season, but she ought to reply when she's recouped a bit.
Most promoters will get paid cash not shares. Sometimes they will buy up shares accumulating with their investors they have alerted. You have to be careful because eventually they will sell.
Same thing with a promoter if they get issued stock. I highly doubt you will see a 1 million share transaction, but if they are issued shares it will show up in the daily trading when they sell. However it will depend on the amount they sell at any given time. They won't neccesarilly sell all 1 million per say at once. Just my opinion, as I'm not a stock promoter and dont pretend to know exactly how it works. Hope that helps. Like I said Cintrix could probably clarify it better than me. GLTY.
Question about Promoter Compensation...If a promoter is compensated say 1 million free trading shares, would this show up in the daily trading volume for the stock on the day it was issued?
I use Pro and Market Trader but you need to be an Etrade customer and make over 30 trades per quarter to qualify. Since I am not totally fond of Etrade in general I make a small portion of my trades through them in order to qualify for the tools and the rest I use another broker to trade with.
Can anyone suggest a trading software program that they highly recommend?
Very helpful...TY
Retail is individual traders such as you and I, not institutional such as funds.
MM = Market Maker
You may want to read this:
http://www.sec.gov/investor/pubs/tradexec.htm
You said..."There is a sell with the buy, but it isn't always retail- like I buy some that you sold. Like Theo said it could be mm with a bunch of inventory selling to a retail customer".
Forgive me - I'm learning - 'Isn't always retail' - what do you mean?
"...it could be mm with a bunch of inventory selling to a retail customer..." What is mm, and what do you mean by a bunch of inventory?
I would greatly appreciate it if you could take the time to explain this for me...TY!
There is a sell with the buy, but it isn't always retail- like I buy some that you sold. Like Theo said it could be mm with a bunch of inventory selling to a retail customer.
Forgive my ignorance - but in order to build inventory, you must buy it, right? In order to buy it someone has to sell it to you, right? So where is the link I'm missing? How can there be a buy wiothout a sell?
Not always. For example, MM might be building inventory to sell later. Lots of times tho you might only see one side of the trade cross especially if the stock has a lot of volume i.e., crossing too fast to see the individual trades.
Understand. But my confusion is, if its a buy, isn't it also a sell?
It is more bullish for the stock to trade at the ask. That is why so many people refer to bidwhacking being wrong because they think it kills a run. More often when a trade happens at the ask it is a buy.
I don't use Scott Trade but I looked it up for you - here is what the colors mean:
What do the colors mean on Time & Sales?
• • • Green = trade occurred on the Ask.
• • • Red = trade occurred on the Bid.
• • • Cyan = trade did not occur on the Bid or Ask.
• • • Yellow = trade broke either high or low for the day.
When I hear people say there is a lot of selling going on, I don't understand it. For every sell there is a buy, right? For every buy there is a sell right?
So if the trade happens at the ask, does this tell you something? If it happens at the bid, does this tell you something? (Other than the obvious - that the stock is going up or down....)
"...trade occuring in the ask or bid?"
Not really sure what you're asking??
No way. Etrade screwed up? I remember calling them and getting 2 different answers from 3 different brokers. The 3rd one finally transferred me over to a broker that knew what he was talking about, but it only took 3 phone calls, and 3 different brokers to get the real answer. It was actually pretty funny, because the first 3 you could tell by the background noise that they were in a crowded room, and then the final broker was in his own office.
VERY helpful! What is the significance of the trade occuring in the ask or bid?
That's what I use also so I'm afraid I can't help much-
"3. What do the colors mean on Time & Sales?
The colors signify the following:
Green = trade occurred on the Ask.
Red = trade occurred on the Bid.
Cyan = trade did not occur on the Bid or Ask.
Yellow = trade broke either high or low for the day.
4. What do A, B and U mean on the Ticker?
A-The sale occurred on the Ask.
B-The sale occurred on the Bid.
U-Undetermined, The sale did not occur on the Bid or Ask."
Which Scottrade platform are you using? (i.e., Basic or Elite)
Scottrade - On the time and sales view, there are yellow, blue orange green and red colors. I get the red and green. What do the other colors mean?
Also, before the market actually opens, there are 'sales' made (show up in yellow) and after the sale price there is a T in parenthesis (T). Can someone explain this to me?
When it first happened at Etrade they were claiming that there was an entire freeze on the equities and they couldn't even allow transfers. But that was wrong. They ended up giving in and allowing transfers to other brokers. Now, I had my ipwg shares with Etrade when it made a monster move. I was very well ahead and my hands were tied. I could not sell them. By the time I got the darn shares transferred the stock had dropped below my purchase price. Total bs on Etrade's part imo. If they allow you to buy it, they should allow you to sell it. If they want to put a freeze on purchases I can understand that, but to not allow a customer to sell is insane.
Thanks for the answer. I read on the DPBE board from another trader after I asked my question here yesterday that Zecco was allowing trades and a few other were too. I called Scottrade this afternoon and I pretty much got your answer (minus the "too much of a hassle" part). I did ask her about transferring the shares to some other broker and she said I'm stuck until the DTC unchills the stock. I really don't have that much money at stake here so I don't mind waitiing. For awhile. Sort of killing me, though, since the stock is making a predictable bounce after getting knocked down on Monday. Within a few weeks, I'll start kicking on Scottrade to give me a different answer than I'm stuck.
Have a good evening!
Bill
Depends on your broker. Etrade suspends trading in that case. I had two stocks that they suspended trading on for that reason and not just buys - they wouldn't allow me to sell either. So I transferred the equities to Choicetrade who does not restrict trading. I think it is way more of a hassle for them because it is a paper process - sometimes they will hit you with extra fees because of this.
How does a stock trade after the DTC suspends service? I'm in DPBE which the DTC suspended on Friday. After much research, I'm confident that DPBE didn't cause its own suspension and Scottrade will let me put my GTC back in.
But, the stock is trading with the usual volume. Lower yesterday and back up to normal today with the usual market makers, including NITE (so Scottrade should trade).
Who is doing the trading? Is it just the market makers trying to manipulate the pps to scare people? Is it some other entities that don't have to use DTC? Individuals? Are some brokers besides Scottrade allowing clients to trade?
Thanks in advance,
Bill
Thanks so much cintrix for helping. I appreciate that there is a board that helps investors learn, and that board is very responsive when questions do arise. Once again thank you.
the "Due Bills Attached" is invisible but in essence, yes, people who buy after the Record Date up until & including the Pay Date buy with "Due Bills Attached" entitling them to the additional split shares
Churak, Just so I'm understanding this correctly. Even though the record date is the 14th, people who buy shares after the 14th through the pay date will get the shares through Due Bills Attached?
here ya go...this is the Bible for splits...you can buy until and including 06.01.10 as that is the Pay Date. It will trade Ex on 06.02.10. Anything that is bot in the open market after the Record Date & up until & including the Pay Date is bot with Due Bills Attached. And just like "If the glove don't fit, you must acquit", if it don't appear on the DAILY LIST, it hasn't split.
http://www.otcbb.com/asp/dividend.asp?sym_id=CMSI&dDate=6/2/2010&sDateType=ex_date
And it didn't split yet, right? It traded on Friday pre-split prices, right? As long as you buy it before the split, you will get the forward split. I will check with someone who plays forward splits all the time and make sure this isn't one of those crazy splits where they mess up on the due bill's - that can happen too but it is rare.
It is a f/s, thanks cintrix. A lot of people are confused with the record date being 05/14 and the Ex date 06-01.
If it is a forward split then the day before the split you can buy it up until. The next day the stock will trade post-split. So if it is a 10:1 ratio, you will get 10 shares for every one you own, but the price will be divided by 10. So if you had 100 shares of xyz at $10 you would have 1000 at a buck after the split. If it was a spinoff dividend then you would have to own it by the record date, but in this case the way you explained it, it sounds like it is a forward split. On a forward split you can buy it up until the day before the split. If it is a forward split you are fine.
Hey Cintrix,
There is a lot of confusion on the CMSI board on this quote below,
Pursuant to the resolutions, holders of the company's common stock will each receive an additional nine shares of common stock for each share they own of the record date set for May 14, 2010. Distribution of the dividend will begin on June 1, 2010.
Some say you would have had to buy by the 11th, others say 14th, and others say 1 day before June 1st.
could you clarify?
I bought Friday, and the 14th, and thinking I'm screwed, since I bought with un-settled funds.
TIA.
I think that is how most of us have learned. When you make a bad trade think of it as a lesson learned or tuition. lol
Thanks!! I am more of a hands on type learner.
You can start here.
I am new to trading. Where would the best place to go take classes? Or who to contact about trading?
Thanks
Yep, there are so many ways to configure it to match what you are looking for. Go here and watch the tutorial and you will get the gist of what it can do:
https://us.etrade.com/e/t/activetrading/strategyscanner
sounds like the way to go!
Thank you .
bid
I wouldn't mind learning more about scanners. I've heard about them, but haven't really researched them much. When you say "according to the type of play" you can program it for bottom plays, increased volume, etc?
I don't use any of that pay for service. I use a scanner that I customize according to the type of play I am looking for.
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