Investor Help (NO Ihub questions)

[Trado]

Thanks a lot man!

So what you're saying is that there is a possibility, but no guarantee that an order submitted via market order can get filled at the ask price as well (also with limit order?).

If the order however does NOT get filled at the ask price it will get filled at the bid price completely or at least partial.

So Number X Number stands for bid x ask price?

[cintrix]

If you wanted to sell, say 1 M shares, at .0009 and the b/a was .0008 x .0009, there could be a possibility that your sell order would get filled at the ask, but there is no guarantee. If you wanted a guaranteed sell you would have to place your order at the bid price, and providing they had enough to sell you at the price it would fill. If you placed an AON (all or none) then it would be considered a special order and it would only fill if they had those shares to sell you. If you placed it as a regular limit order at the bid and they didn't have enough shares there is a chance they would sell you a partial amount and then downtick the bid to .0007.

So basically the answer is as long as there is enough shares to sell you, you can fill your sell order if you place it at the bid price for at the least a partial fill and hopefully a complete fill.

[Trado]

Yes, sorry I've meant to say limit order.

So I've placed a limit order at VRNI at 0.009 and the the ask was already at that price, but the bid was at 0.0008. So my question is, if limit orders get triggered if the price is reached at the bid site.

Obvisously...

[cintrix]

I think you have market orders and limit orders confused here.

I've sold a tiny traded Stock VRNI (Virogen OTCBB) at the ask price via market order, but it didn't get filled at the price I wanted (ask) but at the bid price.
If you entered a sell order using a market order, they will fill it immediately at the best possible price, which is usually the bid price. If you placed that sale using a limit order at a specific price, they would fill it at the price you entered or higher, not at a price below what you entered. I am not really understanding what you did, unless maybe you placed a Stop Limit Order, instead of regular limit order. When you place a stop order, you're placing an order that will turn into a market order when the stock reaches the stop price.

[Trado]

My broker is zecco. I've sold a tiny traded Stock VRNI (Virogen OTCBB) at the ask price via market order, but it didn't get filled at the price I wanted (ask) but at the bid price.

So as a conclusion, I assume that the price you enter for a limit sale order corresponds to the stocks bid price right? Because the price I've set for my stock was reached on the ask side but not on the bid site, therefore I did not get triggered and I've sold via a market order.

[cintrix]

Thanks, Jimmy. In the time we have spent over the past few years answering questions, I have to say that was the first rude reply I have ever come by. Most of the people here are very kind and appreciative even if they may not agree with what is said.

[IRISHBULL]

That's the way I read it too...

I found Cintrix's post to be without malice or condescension. More importantly, having been trading and investing for 20+ years in both listed and "penny" stocks (including pinkies) myself, I took no offense. In fact, I totally agree with Cintrix's assessment.

[cintrix]

Thank you Theo. I appreciate that.

[Theo]

"nice way to degrade every pink or otc investor.."

Say what? I found Cintrix's post to be without malice or condescension. More importantly, having been trading and investing for 20+ years in both listed and "penny" stocks (including pinkies) myself, I took no offense. In fact, I totally agree with Cintrix's assessment.

[cintrix]

rotf take a chill pill. How am I "degrading every pink or otc investor" by telling you that I personally don't invest in penny stocks and that I only trade them? Lighten up or then don't ask people for help if you are going to jump all over them when you don't like what you hear!

[snakefart]

As far as a plane ride, I think I'll stick that money into the same trip zero stock....maybe it'll payoff, maybe it won't, but it is my research I base all of my decisions on and if I lose a bit on a chance that a GOOD company will take off, then they may not be pinkies for long.......

[snakefart]

Wow, very nice way to degrade every pink or otc investor...I guess we don't do any research or chart analyzing, and as you seem to infer we just blindly chuck money into any pump ad dump, right? I'll stick to my "investing" and "investments" as you refer to them, but thanks for your opinion.

[cintrix]

Well, sounds like it is a penny stock and if it is you are talking to the wrong person about "investing" - I personally don't think any penny stock is worth an investment, nor is it worth getting on a plane to attend a meeting. I do trade them very short term though, but I have learned over many years that there are very few penny stocks worth "investing" in. Trading them is another story.

[snakefart]

A/S is at 1.5 billion, O/S is at less than 80 million....

[cintrix]

A/S or O/S? A/S is what they may issue so they don't belong to anyone until they are issued. lol

[snakefart]

Thanks, my company has 1.5 billion A/S, definitely not half belonging to investors, so no quorum votes for us...guess it would be nice to see Florida though in October

[cintrix]

I guess it all depends how invested you are in the company. I personally would never do that. A lot of companies do shareholder meetings via webcast or conference calls.

[snakefart]

What are shareholder meetings like....are they worth the money to go to, or is it better to get a fellow investor to give me the highlights and save the airfare and hotel costs for investing in the company?

[cintrix]

If you want a guaranteed sale, then you have to sell it at the bid price. If you want to set your price at the ask (which will be a higher price) you may get filled, you may not get filled, or you may just get a partial fill. As far as realtime quotes, I thought most brokers offer that. Who is your broker?

[NewbieViewbie]

Compare it to a simple transaction such as the sale of a car.

If you are buying a car, you BID how much you are willing to spend.

If you are selling a car, you ASK for a certain amount.

Naturally, the bid will be lower than the ask because the buyer wants the car cheap, and the seller want as much as he can get for the car.

The seller will sell the car to you only if you pay how much he is asking, right? When a sale occurs, a trade is made. The amount of the transaction is posted, this posting is what you refer to as a quote.

Here may be where you are getting tripped up. The quote is simply the last transaction. It does not say what the next transaction will be. There may be more cars available at that price and there may not be. Could be that the car is no longer available, its gone, someone sold it and someone bought it.

If you really want a car, you will raise your bid to the ask price, and you will buy it. (Called a buy because you came up to the ask price).

If the seller really wants to dump the car, he will lower his price to the bid, and he will sell it (called a sell because he came down to the bid price).

So... you had a sell limit order, the ticker hit your sell limit, but you did not get filled. This is because there were orders ahead of you, and by time they got to your order, no one was willing to buy at your price anymore. This happens often is a low volume market called ('thinly traded'). It is one of many reasons to keep an eye on volume. In a high volume market, you will likely get filled at or very near your number.

L2 (Level 2) Quotes will give you an idea of how many people are lined up to buy and sell at differant prices, but I feel like I just wrote a book - so I'm done. Hope that helped you!

[Trado]

How Does ASK and BID Work With Stocks?

Hi there!

I just got a little bit (or very) when I've placed my order recently, because I've set a sell limit order for a certain price where I wanted my shares to sell, and the price also got hit, but the order did NOT get triggered.

I've chatted with a representative of my broker then and he told me that the ask price did reach the price I've entered, but not the BID price and therefore it did not get triggered (since I was selling).

Now, I always thought that when I buy a stock that I buy it at the big quote price displayed but this person now told me that with any stock I trade I BUY at the ASK price of a stock and SELL at the BID price.

Now, I just want this to be verified from some of you, and tell me where I can get proper ask and bid prices in realtime since I don't see it at my normal chart.

Thanks,
Trado

PS: What does the normal quote price then tell you, if you have to look at the bid and ask price for trading??

[Mr Equis]

Can anyone offer any insight into the roll of MM's and their apparent plot to take over the world?!

I was watching EXPH yesterday, on a uncharacteristically, high-volume day. It was a down day and there was no shortage of shares to be bought and sold.

The total volume was 108+ million, I beleive.

But the Finra reg sho numbers show that there was a shorted percentage of 38+ percent.


I was under the impression that mm's facilitated liquidity in the market.

On this day, there was no shortage of liquidity, so why would they feel the need to add to this?


Another possibility would be that I don't understand what the numbers mean. But I was informed that the numbers illustrate the amount of shares that the mm's needed to supply into the market when the mm's did not hold such inventory.

I completely understand, but on the forementioned day, there was no need to acquire additional inventory, so why the high short percentage?

Thanks for your time.

[cintrix]

The lilangeni (plural: emalangeni, ISO 4217 code: SZL) is the currency of Swaziland and is subdivided into 100 cents. The South African rand is also accepted in Swaziland and it is issued by the Central Bank of Swaziland (in swazi Umntsholi Wemaswati). Perhaps uniquely, there are singular and plural abbreviations, namely L and E, so where one might have an amount L1, it would be E2, E3, or E4.
http://en.wikipedia.org/wiki/Swazi_lilangeni

I would go to your local bank with it and ask them.

[barbjo]

i have foreign money how do i identify it for trade? it says legal tender for lengemagmumi lamabili emalangeni?

[cintrix]

I pay no attention to those "peeps" and their "peeps". lol

[cintrix]

go here and ask meatloaf:
http://investorshub.advfn.com/boards/board.aspx?board_id=504

[cintrix]

If you haven't figured it out yet go here and post it:
http://investorshub.advfn.com/boards/board.aspx?board_id=470

[cintrix]

You have to buy them the same way you buy commons through your broker. I have never done it, but I would think they have a different ticker like a fifth letter to designate them. You can read this for help:
http://www.ehow.com/how_4432193_buy-preferred-stock.html

[somtinfishy]

Yes Im serious......I understand there is lingo and acronyms on this site and for trading but what is the obsession with "peeps", as in "my peeps". Does saying peeps to cover up people fall under the same disclamer umberlla as IMO?

[NewbieViewbie]

how do you get he post stream to work? I can only get some of the posts to 'stream'.

[scriznik]

Does anyone know how to embed .htm or jpegs onto Ihub blogs from a mac os?

[AugustaFriends]

Does anyone know HOW to buy Preffered Shares?

[somtinfishy]

Great site info. I will sign up and navigate the site today fpr information. Thank you much.
James

[cintrix]

When you say "alerts", that could be a few things. One could be someone who sets up a specific scanner so that they get alerted when a stock fits their set criteria such as volume or price alerts. Then there are promo alerts where a group picks a stock to pump and alerts members prior.
If you are looking for a market scanner, I can only tell you what I use and it is Strategy Scanner by Etrade - u have to be an active trader with them in order to get it.
As far as promo alerts, I would never recommend any of them. I don't use any of them. Only thing I will monitor is if someone is promo'ing a certain stock by checking twitter.

[IRISHBULL]

Equityfeed would be one site to check out, they have an alert section for stocks with new highs, new lows, price break out, volume break out and block trades with parameter setting of 5, 10, 20, 30, 60 says, specific markets, price range, stock type etc. They also have streaming news and steaming filters to name a few.

http://www.equityfeed.com/

[somtinfishy]

I often read people talk about "alerts" going off for many different reasons. What are some suggested sites for a newbie to set up some of these alerts, paid or free.

Thank you in advance for your time.

James

[miziqta]

Thks

[IRISHBULL]

re: How can I determine a certain stock's share structure?

There are several ways:

1. Call the company direct

2. Call the companies transfer agent

If you can't get the info from there you can check the companies state of incorporation website which can be found here http://www.coordinatedlegal.com/SecretaryOfState.html . You can also go to otcmarkets @ http://www.otcmarkets.com/index.jsp type in the symbol and look under company info.

[miziqta]

How can I determine a certain stock's share structure?

[cintrix]

thanks

[GreenFanatic]

Yes vert is a nasty one to watch for and on the flip side shorting can seem the same but nite normally carries out those and more on smaller volume.

[cintrix]

http://learn.advfn.com/index.php?title=Main_Page

[IRISHBULL]

Check out these sites for news..

Both are pay sites, Knobias is all news, Equityfeed is everything and news, both have live streaming news with custom setting..

Free sites:

http://www.google.com/search?source=ig&hl=en&rlz=&=&q=otcbb+news&aq=f&aqi=g1&aql=&oq=&gs_rfai=CpZX7e6B7TNLaBpmMhQSexZWkBQAAAKoEBU_QiSbr#q=otcbb&hl=en&tbs=nws:1,qdr:d,sbd:1&source=lnt&sa=X&ei=jqB7TMGgFIH68Aa6lMzIBg&ved=0CBsQpwU&fp=c68f50c8d6720fd1

http://www.microcapmarkets.com/data_main_nav.jsp?market=OTCBB

Pay sites:

http://www.knobias.com/

http://www.equityfeed.com/

[winnerz]

Anyone have a source where you can see stock news, particularly the pennies? Even if is is subscription based, I will gladly pay. We do have news here, but I would like it organized so that I can see all news without having to look up each symbol. Thanks!

[double gold]

Thank you for your response!

[cintrix]

You may want to read this site noted below. They explain why some analysts valuations aren't always right. Here is what they say analysts use:

The EPS number that most analysts use is the pro forma EPS. To compute this number, use the net income that excludes any one-time gains or losses and excludes any non-cash expenses like stock options or amortization of goodwill. Then divide this number by the number of fully diluted shares outstanding. You can easily find historical EPS figures and to see forecasts for the next 1-2 years by visiting free financial sites such as Yahoo Finance (enter the ticker and then click on "estimates").
http://www.abcstockinvesting.com/stock-valuation.html

[double gold]

Question:What earnings do analyst go by,basic, diluted,adjusted and what should the avg. investor use in his/her dd?

[IRISHBULL]

Yea, back to getting up early and paying chauffeur, yuk!

[cintrix]

u start early down there

[IRISHBULL]

Good morning Pat, summer is over here, kids back to school... yaaawnn