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Yes and no. Technically there is no limit. And it then depends on your broker. Some brokers will charge you extra fees over 500k. Some don't. Some brokers who use clearing firm Penson/Apex will not allow you to purchase large amounts in stocks that don't trade often. They have an illiquid rule - which is total bs, imo. I have never, ever been refused a trade based on size from Etrade. I would guess there could be legal issues if you were buying a penny stock and were making a huge purchase where it was a large percentage of ownership of the company.
Question; Is one limited in how many shares of a particular Penny Stock can be purchased in one trade ?
My guess would be that there is a problem with the one that says different than the other two. Try this site for historical quotes it will also not if the prices are split adjusted:
http://bigcharts.marketwatch.com/historical/
What does this mean?
When researching a stock on yahoo and the generic iPhone stock app it shows that it had a 52 week high of over a dollar but doing the research on ihub shows a high of .05. If you pull up the chart and look closer it shows a gap in the period when they supposedly hit over a dollar. Just a mistake or bad research and sources on my part?
Thanks for that info
Yes, you can fill out an account transfer with the broker you want the shares with. The only problem now is if you have penny stocks in a different brokerage the new brokerage may refuse to transfer them.
Is there anyway one can transfer shares from one Account to another..?
The online brokerages are getting really picky about accepting penny stock transfers. If you have the actual certs it may be easier - give Etrade a call and ask them if they would accept them if you have the certs.
Can anyone recommend a brokerage firm that excepts pink sheet certificates with sub 10 cent share prices?
Thanks
every level ii service uses different color codes - the one i use has green as the current bid/ask and uses both green/red for the prints which indicate an uptick or downtick
What does it mean when the bid and ask price are shaded in green or red?
I get it using the same one you noted. Maybe they use a different symbol in front of the RUT - ask them here:
http://investorshub.advfn.com/The-Question-and-Answer-Board-504/
Where is $RUT? Is the ticker different on iHub?
Hopefully someone chimes in who has used several different apps. CNBC is realtime and free. You have a lot of tickers so I don't know what the limit is on their platform. Read this:
http://appadvice.com/appguides/show/Best-iPad-Stock-Market-Apps
I will have at least 200 tickers.
i have cnbc - if you are looking to just watch a few tickers you may like it
I have not. I didn't want to start downloading every app in the market to find out which one is best.
Did you try cnbc app or bloomberg app?
Good morning investors! I need a recommendation. I have switched from Android to Apple and need to find a good stock watch app. I have Scottrade, but it's a pain to log in every time I check up on things. The stock Apple stock watch app is very bland for the average trader. Any recommendations?
I would suggest Etrade or Ameritrade. There are a lot of problems arising with penny stocks over the past years. I use Choicetrade but they are no longer penny stock friendly so I wouldn't go there. If you already have penny stocks in your portfolio and you want to transfer your account you might have a problem with the new broker accepting any penny stock.
Can someone tell me where I can buy penny stocks (sub zero) I use Tradeking and they do not work with sub zero penny stocks. I would like a way to buy realtime, any suggestions?
Thx
I use Sched D. I can tell you that I trade about 1500 trades per year. I do not write off my expenses on a schedule C. I write them off on my Schd A which only allows you to write them off if you exceed 2% of your income. Using a Scd C would allow one to write them all off, but I think there is a fine line regarding the use of a Schd C for purposes of trading. My expenses are not that huge that I would want to take that chance. There is also mark-to-market where you report all your trades regardless of whether or not you sold them at the end of the year.
If one wanted to become a "day-trader" what is the best way to set-up one's business for tax purposes. Do most file on 'Schedule C' of personal tax return, Schedule D, or do they create their own entity (i.e. LLC) and take distributions on 'Schedule E'. Schedule D would not allow you to write off expenses as the other two would. I have tried to find a link that would answer all my questions, but I couldn't seem to come across a decent site. Speaking with an accountant would probably be best, but I am not at the point to where I want to let go of my full time job. This may not be an appropriate question for your board, and if so I do apologize. If there is another board that does touch on this topic, please point me in that direction. Thank you.
yes they can for a certain amount of time - once the time expires they can't - but please post any questions regarding the site to:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=64607540
Can a moderator erase new posts on a board that they are a moderator of? Or does IHUB only have that power?
That is exactly my gripe about that tool. It is useless. When you see it showing as a buy or a sell, the software is "assuming" what the trade was. Here are the actual help descriptions - notice that they use the word "considered":
The 'Buy', 'Sell' and '?' columns - Where the 'Price' is closest to the 'Offer' price, the trade is considered a 'Buy'. Where it is closest to the 'Bid' price, the trade is considered to be a 'Sell'. Where it is dead centre between 'Bid' and 'Offer', it appears in the '?' column; this indicates that the trade cannot be identified as either a 'Buy' or a 'Sell'.
It was on trades column on ihub viewing through my phone... Green is buy and red is sell if I assume correctly, I made a buy today and then went into the streamer and checked trades to see what else was going on and it showed my qty as sell... Didn't know if it was my broker house or what... Just curious, thanks for the info
I am really not following you. Where on a stock specific board would you see prints that state a buy or a sell? The only place I know of is the trades link on ihub and I personally think it is useless. It assumes that prints closest to the bid are sells and prints closest to the ask are buys. Meanwhile I could sell something on the ask and it would say that it was a sell.
It's on the edwy board
What trade board? Are you talking about the ihub trade report link?
Why would a buy show as a sell on the trade board for a stock?
Well I would guess that the company name change is why there is a delay. Call up Etrade and ask them where your shares are. My guess is that they will tell you they are waiting for the transfer agent. Also, did you check you account for a cusip number? Do you see a number with name of the company? You should.
The corporate name changed and the ticker just had a "d" added.
When you say a symbol change, all reverse splits get a "d" attached after the split. Are you talking about an entire symbol change? Did it go through some other corporate action like a name change? That can slow the process down. Sometimes the brokers have to wait for the transfer agent to send them the new shares if there were a change like that.
It did a symbol change also.
it did a 3:1 reverse split
you mean a 1:3 - when it is a reverse the smaller number always comes first. 12 days does sound like a long time - when there is a restructuring some brokers take a few days, but Etrade doesn't usually take that long on a reverse split. Did the company change the ticker and you may not be recognizing the new one? If not, call them up and ask them what is taking them so long. Look in your account and see if there are any cusips in place of the ticker.
On one of the stocks I own, it did a 3:1 reverse split. It's been about 12 days and my shares still don't register in my etrade account. Any rhyme or reason to that??? Should I be concerned?
HELP>>>I used to be able to click on "older posts" at bottom of page to go to earlier posts. Now its gone. How can I review earlier posts? Thanks.
Is it drug and/or alcohol related?
Yeah, that is exactly what I thought. That is why I had the broker call the mm. They claimed even though there was a bid offer there was no market and they wouldn't fill it. It happened one time and never again and it was with a very thinly traded stock. It had no activity for weeks and I got bored with it and decided to just dump it at the bid but they would not fill it.
Could you elaborate on that 'no market'.
If there is a bid in I assume that means what someone is willing to pay and would fill. Otherwise the bid concept is meaningless, no?
TIA
If he/she was trying to sell it at the ask, there is no guarantee of a fill on a sell order there. With the situation you pointed out, I can remember one time putting in a sell order on a thinly traded stock at the BID and it wouldn't fill. Had the broker call up the mm and it was basically a "no market" so it wouldn't fill.
There was probably no one buying. Happens a lot with stocks with that price. It could stay at that ask for days, months or even years without you being able to sell your stock.
you are posting to the wrong board - read the sticky - this board has nothing to do with ihub issues
PCX filed for BK and was delisted to OTCQB. New ticker
is PCXCQ. Please get iHub board for Patriot Coal working
so we can trade, use L2. I'm losing money trying to get out
of this stock!
I have no idea what system you are using - they all use different colors and the one I use can be customized. Are you talking about printed time and sales? My guess would be that green would be a price higher from the last print, red lower, and black the same.
Am still struggling to understand this.....trades show 3 different colors.... Red, green and black. What are they representing?
Thanks. Red means someone sold? Green bought? Black?
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