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Agreed made a judgement call Tuesday and Yesterday to take the .001s/.0012s and cut the losses already moved onto a few others, took a decent hit on pure profit and while not as bad as others who lost not only profit but capital, it ended up being a big waste of time (besides enjoying my time on here with the guys)
Volume took a dump today, and canceled a bunch of my buy orders in the .000s because if there was no movement in the 1s with 20,40,70million in volume.
Will wait to see but I think you're right, this is that beginning of the grey market illiquidity
You have people who just want out. I couldn't talk my friend out of trying to get out of shares yesterday. The only price he wouldn't take was .0001... I don't think large quantities of volume without provable events like them actually finding an MM to help them get back on OTC is indicative of anything but people buying shares hoping to get 3,4,5 times their money on panic sellers. I've lost a lot of profit (being greedy lol), but when someones willing to part with shares so low theres always money to be made taking those shares.
Well my buy went through once and now tried to match up with my buddy to take his shares at .0015 hes with a different broker and my bid just says working -_- lol the worst part of grey trading lmao
Exactly and it would have been done over the two week no trade time.
If I was running the company and I knew this was 1000% wrong to be suspended to greys, would have had the paperwork on a tiwtter link for the 211/f10 that first week of no trading.
To say you filled out a form that we all can find in seconds. Doesn't mean much to me if they wanted me to stay in this long term lol
Yeah you can literally get the pdf of the form on finras site
https://www.finra.org/sites/default/files/p126234.pdf
if they showed a submission with an MM and not just that I might buy even more to hold long term, but when I can pull the pdf up in 2 seconds... Not impressed
Yup lol I always giggle when I see that stuff.
I called trading desk at TDA yesterday cause nothing was moving not buys not sells nothing!
I said whats the buy you can get me one the phone... First it was nothing call back later, then around 1pm quoted me sell is .00001 lmao and buy is .002 I was like yeah no I'll wait till DTCC isn't acting up lmao but omg I wish someone sold at that .00001 and I got them lmao
lol someone snagged a few million at .0004 and less yesterday I was really mad it wasn't me if people wanna sell me shares at .0004 or less and I can flip them for .001 or .002+ thats fine with me lol
I got some ones at .001 my .0015 hasn't filled and none of my buys for less are filling lol
yup I had bids in all day yesterday at .0001 and .0002 and .0004 and .0006 and nothing... Cost me 5k+ not filling lmao.
I have a few active for the last few hours like that and still just sitting lol all over the 1s to see if it moves at all buys and sells. Notta
*edit cause last post till 12am, but both buying and selling, buys are .0015, .0017 and .002
Sells to see if anything goes through are .0021, .001 for a test and .0016
As I said early right as PJ said he put a buy in at .0025 I put a sell in to see if it would match and didn't work then either.
My buddy with Fidelity says they just got the okay to trade and its active showing .001
Yeah I broke up 100k shares into 10k chunks to see if any would hit. None have. Also no buy at .001
Idk I couldn't match PJs buy at .0025 with an attempt to see if we were green for trading with a sell to him. So Idk. It certainly didn't fill from me to him or him to anyone else since the volume didn't move.
As low as the sellers out pace the buyers take it lol.
Best is to catch weak weak hands who are scared to death who will take 1 cent on the dollar lol...
Thats the best way to play this try to buy as cheap as possible and catch a jump and sell it again.
Kinda same way we were playing it from the start... Buying on the extreme dips weeding out the guys who bought at .005-.008 and then when it hit .002, .003 buy their shares for fractions and let it rip.
Same concept here only wayyyyy more risk than even how risky it was before, and wayyyyyyy lesss volume.
IT was always gonna go down, grey market listing is worse than getting kicked from Nasdaq to OTC lol
The key is can you catch these low panic sellers in the .002s/.001s who want out and profit 2,3,4,5 times over lol
Thats why I'm waiting lol
i'm glad we have it so easy with TDA. I feel really bad for my buddies with other brokers that don't even have the ticker yet.
Chuck schwab guys Maz got 400k of that lol for dirt cheap. I am mulling over buying up all the 1s I can find lol from my guy on the phone with TDA.
Called to check with TDA, the broker on the phone said we will match with other brokers, he said he found me sellers at .0015, .002, .0025, and .0013 :D
So TDA did let your order go through?
So I can only trade with other TDA clients? Is that what you're saying.
I know it won't show up on the bid/ask
I'm saying me trying to match with PJ isn't going through and we're both TDA.
I had a 500k buy order at 27 nothing showing up lol
I also just for shits and gigs put a 100k sell order with TDA to see if it would match your 100k buy. Nothing yet.
Nah my orders have been "working" since Saturday, and I just switched out two buy orders and broke them up into way small ones to paint the board more. They were received and working.
Because we're awesome lol
nothing but orders saying working on TD, thankfully listed as grey. Volume shows "1"
not at all true lol. SO easy to catch panic sellers and sell at 50%+ markups to new investors who wanna test the waters. I have no idea the direction this is all going but the few times I've played in greys its been nice returns one reason I have buy orders in to try and catch someone in freakout mode.
I have no idea he said his broker told him he has to do it over the phone and just wants it gone. I said just be patient lol
I'll buy his shares for nothing and buy him dinner lol
lol I know I'll catch a market sell for some crazy amount.
I told my one friend just commit to watching the market for a day and do a limit order and hes going nope gonna market sell and I'm like ohhhhhkayyy c an lead a horse to water, so I'll just try to take his shares lol.
TDA already has it tagged as grey market and I have 4 working orders in right now.
Thanks for the PM, they already have it listed for greys on TDA, buy orders are in place to catch some panic market sellers and a few sell orders in for me.
You can view the pdxp ticker as grey on the TDA site (the app I don't think shows it)
But I have 4 orders in 2 buys and two sells so they're in that "working" phase rather than like last night it at 11pm it said "rejected due to sec"
Seems okay and I double checked with TDA they said all good over the phone
Ah I didn't see you were responding to someone. I apologize.
I was like ... WHAT! I've played around with 10x more sketchier stocks on TD than PDXP so as far as I know it should be fine come Monday.
I'll probably put in some buy orders to catch some super panicked people. That said still not happy with all this but it is what it is. Ready for Monday
This is false. TDA most certainly does allow it.
Just pulled up a stock I did called HSHS*
All transactions for this tax lot are shown below.
Symbol: HSHS*
Description: HASHINGSPACE CORP
Current quantity: 0
Current cost basis: 0.00
Date Transaction Qty Cost adjust. Cumulative
shares Cumulative
cost
09/14/17 Buy
09/27/17 Sell.
If you head to the HSHS ihub page it distinctly shows them talking about it being a grey market stock months before I bought it lol did it all online with TD and I was trading it within days of the ticker getting removed lol.
Help on order fills in grey market situations with larger quantities of shares.
Was curious if you can have partial fill orders on grey orders or it must be perfect in every respect from price, to total amount of shares listed to fill.
So if I list 500k shares at 5 cents and 250k shares sell and nothing all day, and then I still have my remaining 250k shares and I list them at 3 cents and someone buys 100k. Will it work like a normal stock, or must it be a 1 for 1 so if buyer wants 100k shares at 5 cents and I have 200k shares at 5 cents it wouldn't fill.
Thanks for any advice this would help our board a great deal, and also expand my knowledge a bit as I've never dealt with greys and larger quantities only really tiny positions.
I don't believe that's true I believe partial fill orders are possible.
You can partial sell. So if you have 200k shares and are the only one selling at .0039 cents, but there is one buyer at 100k shares, and everyone else for example is trying to get .004... Half your 200k would go away and then you'd sit like everyone else.
I mean guilt by association. This falls squarely at the hands of Patrick tbh. While PDXP news wise and probably financials wise had 0 to do with crypto when they tied themselves to the two other companies, they too will be affected.
Just how it goes, and one reason I always cautioned friends to be wary of it. Being CEO of one company is hard enough let alone 3...
If someone was the CEO of Enron, Exxon and PG&E almost certainly the Enron scandal would have frozen those two others and probably dragged them down too lol.
I was on the cusp of 300% overall returns flipping in 4 weeks lol it was a risk worth taking but everyone should evaluate what amount of profit they're okay with on something like this.
Probably will be some more money for flippers come next week / week after for a bit so i might stick around and play on grey market depending lol
What? LOL.. TDA most certainly does allow grey trades moved 100k+ shares of H$H$ before the ticker vanished on the app. Zero issues other than waiting for a buyer +60ish%
Last post of the day, but MOST stocks I try to find 20% and pull it, 20-40% win is better than a loss even if a stock goes to 200% lol. I've missed many a stocks in the 100-150% win range because I often pull early that I took things out with small 30-70% gains, ATOS, RLOG, OPGN, BTSC, BTCS, etc.etc. etc. Pdxp has been my first in a couple years that I'd triple dipped on and by that 4th rip we ended up here lol.
PDXP was a greedy anomaly for me I was up over 250% on all the flips this will take it down a big notch, but still I kept throwing the hat in the ring for the flip and ended up burned.
One reason I advocated taking some profits as-well for the longs here just to keep it in the back pocket.
What I try to tell my friends with way smaller balances who might have 500-2k to play with is keep focusing on the percent gained each win rather than the dollar amount its easy to say I played 500 and made 200 wow big deal... I can't even buy a ps4 with 200 bucks but thats 40% of your money gained.
Ihub is great, I try to use it simply as a tool to measure my own thinking on a stock for instance with this one I was always pushing back at Rb/War/IG and in the end they got the told you so on LOTS of people, I will still walk away green no matter what, but what could have been way more money being happy three weeks ago is now gonna lower the bar a bit.
I used to stick to only large cap but I find so much more enjoyment helping friends get wins with small/micro cap and the feeling of picking PDXP for a 200% is greater than saying buy amazon at 933... So few of my friends have that kind of money but lots can take enjoyment in something like PDXP even if it does occasionally end like this..
Yup, we'll see I never trusted those other two tbh, and this one I was always cautious with... Sucks cause I'm sure many people were cross invested in all of them (although I don't see why)
To use a football analogy I gave to someone who wanted to throw big money at it and I stopped... If you have 3 quarterbacks (in this case 3 companies with same CEO) you really have none. Hard enough running one upstart/ growing company let alone 3... But the gains were there to justify the risk.
Its on my stocks page...................... but yes PHOT
they were one of the most love pot stocks back in the day, even saying buy them over amazon in some cnbc articles after years of screwing with the books and scams they got crushed, and finally kicked off OTC into greys, around late 2017 I got in on it rode the wave from .000Xs to almost 5 cents before the sessions news.
Theyre about a penny/ 2 cents right now and had an 0/s of something stupid like 2.5billion shares lol.
I always check in on it before big events see if I can hit a swing, but thats a very recent exaample of stock battling back from Grey to pink and then climbing the ranks