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I grabbed some APLY. NVDY looks intriguing too given the popularity of NVDA, but have been holding off buying it because I keep feeling like a correction is in store.
Overall, I really like the strategy (selling covered calls for yield + monthly dividend). But I’m being cautious, because I’m not super confident in share price growth (or share price even holding up) over the long term.
Seems like impatience selling from people that were trying to “play” the share cancellation. The share cancellations always take a long time though from past experience. Share price wouldve prolly held up better if the company hadnt communicated it so early or just didnt announce it until it actually went through.
All the speculative cash is going into shitcoins imo. Need the SEC to get off their asses and regulate them aggressively like they did to otc, and then you’ll see cash flow back into the otc
People scared of the R/S. Be greedy when others are fearful imo
Yeah heres a thread on twitter of some dude talking about the same thing:
$QENC I put in an order to buy shares through Ameritrade but Ameritrade rejected my buy order. Why?
— BillStocks (@BillOutyespenny) May 22, 2022
TDA has it restricted to “sell only” right now because otcmarkets has a yield sign on it. So when i place a buy order it is rejecting and says SEC rule 15c2 prevents buying
Yeah the fee with TDA kind of sucks, but dont know what etrade charges. Ive always had tda and never had to deal with restrictions before. So this yield sign crap is really starting to piss me off.
My understanding was that all usa-based brokers would have the same restrictions (and if i wanted to get around it, an international broker would be required), but sounds like etrade is looser with the restrictions. Bunch of crap
For real? I have td ameritrade and thought they had a similar set up. Thanks!
Thought only foreign brokers were allowing buying on yields. What do you all have thats allowing the buying?
You’re lucky man. My stupid broker wont let me buy
Fink! Always on the tickers im bidding on. Usually a good sign too. Nice to see you here
My shitty broker wont even let me place a buy order… its a freaking yield sign… what the f@$&?!?
Definitely holding, stupid to sell this low
How’d you buy? My shitty broker wont let me buy. Missing out on opportunities and money
Anybody know why this is listed as Pink Limited/Yield Sign? Seems like they have all financials in on time. Thanks
Nice! Still worried about them getting current, but with this share structure, its worth the risk imo
Yessir. Should have some nice catalysts ahead too as filis will start to drop, pink current will come, share cancellation, and then merger details. QENC just went from shakiest holding to very promising
Awesome news! Ben got otciq access!
Yeah would feel a lot more confident in this one with some update from the custodian. Time will tell. Just a bummer that time is running out with these upcoming deadlines
Have you been able to track down this Grant Casey guy from Shareholders First? It would be helpful if we could get an update from him
Yup. Not as much as id like but ill take em
Well put. Exactly as i see it from the updates available as well. The worry warts that think it wont get current and keep selling it down will miss the move imo
Agree with most of what you say here, but should be current sooner than you are saying. Ben’s update on 6/30 said application is in for otciq access.
https://www.synergymgtgroup.com/updates/update-63021
MMs holding this down. Needs some ask slapping to back them off
Custodianship court date moved up from 8/12 to 8/5 today
Management hasnt been involved since 2005. I’ll be very surprised if Synergy does not get awarded custodianship. The court’s alternative is letting the ticker completely die. But still a good amount of risk involved
I dont think so. Probably just someone that doesnt want to hold through the court date and risk the big swing (up if custo is approved or down if denied). When they bought, probably expected a run up into the court date, but this SS is so small, it probably wont really have the run up imo
Sounds good. At least share structure is solid and old balance sheets don’t look bad
If theyre not working with Denunzio, then it’s a load of shit they let the company go to crap, and didnt do anything until a custodian petition came through.
Impatient people here stacking the ask and selling. We need those types to get outta here and have some bid support and buyers here (for longer term growth, gotta have the flippers out and long holders locking their shares up). Seems to be the difference in the two from watching price action.
Nice! Yeah all the moody/denunzio plays have been great. Tough to grab a pullback. I thought i would be smart with seny and get back in on a pullback, but no significant one happened
Yeah it definitely ripped! Lol
I wasnt able to get in with a lot of size, so ill be lurking on the bid too.
Prolly wont sell for a while though, made that mistake denunzio’s last one, SENY. Sold that way too soon, couldve made a ton on it smh
From ResearchRow twitter. Has been a good follow recently with how popular custos have been recently
Twitter alert with nice timing! Lucked out as well
Denunzio is one of the best custodians in the business imo
JANE is a shorter, needs to be ask slapped to make it cover imo
Lazar finally doing something with this shell?
Thats COUV