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I don't get it. Up 11% and then MM's come in and take profit and then it goes all the way down to even a bit of negative. Would have ended with 6-7% gain if it wasn't for NITE putting that stupid ask at the end. Not enough people buying this stock. Just a ton of day trading. I don't see the appeal here anymore. Same recycled news. A ton of 'oohh I love itns' but for no real reason. I don't expect this stock to do anything until the next time there is any news. Just up and down 10% until then and a bunch of people day trading making money.
And what happens when he does provide pics inside the vault? What excuse are you going to use then? Start coming up with it you have a week or 2.
MM's pissing me off. Who the heck is maxm? Putting a 1.2 mill ask and blocking anyone from buying. Volume has been terrible last few days and it's because of the same MM's putting these huge walls preventing itns from going up. And then you see the same MM keep lowering the price and then bidding to rebuy at lower just a second later. These games are starting to get annoying.
Earnings report. How come the last one from Feb was of june 2013? Where are the rest???
Where can we see level 2 for this stock? I can't see anything in ameritrade... And the charts all suck and don't work anywhere
It wasn't an IPO....and it was guaranteed to fall Friday....insiders were making 5-6x what they put in...of course they will sell and rebuy at low. I had a feeling monday it would follow the same trend but it did not and now is going up again.
How much are you paid to promote this stock? You sound ridiculous...and why do you need 10 straight posts to convey your message? This stock has done nothing in years...what makes you think it will go up? You think MJ news will make it go up? Have you seen what mj stocks are doing right now? lol....and don't even compare this junk to tweed.
That's interesting. The etrade csr I spoke to told me they don't sell stuff from the grey market. For me, tdameritrade does not even recognize twmjf. How much did it cost you to buy because etrade global charges 19.99
edit: it now shows up in tdameritrade too, but under grey market.
twmjf is the grey market..go ahead and try to purchase it and see what your broker tells you. You will not be able to buy from etrade, and TD doesn't even recognize it. Check out the volume from twmjf...does it look like 7 million to you? Nope...
According to Investopedia:
Definition of 'Grey Market'
1. A market where a product is bought and sold outside of the manufacturer's authorized trading channels.
2. The unofficial trading of a company's shares, usually before they are issued in an initial public offering (IPO).
1. For example, if a store owner is an unauthorized dealer of a certain high-end electronics brand, the product is considered to be sold in the grey market. If the product is illegal, it would be selling on the "black market".
2. The grey market is an over-the-counter market where dealers may execute orders for preferred customers as well as provide support for a new issue before it is actually issued. This activity allows underwriters and the issuer to determine demand and price the securities accordingly before the IPO.
3-4 mill volume? We need more buyers. Day traders are now leaving this stock as you can see and nite is getting impatient and puts dumb asks out there to lower the price for some reason. We need 15-20 mill volume if this stock plans on doing something. Also too much space between bid/ask
You cannot trade TWMJFA on etrade
Check with your broker to see if you can buy it as that ticker, but most will not let you.
According to etrade:
Question: Not specified
Thank you for contacting E*TRADE. My name is Gregory S. I will be happy to assist you today.
Your Reference Number for this chat is ###.
Gregory S: Hello
Gregory S: How can I help you today?
Customer: hey there was this new stock that started trading friday called tweed, you may have heard of it. it was listed on tsx
Customer: i was told it will now have a US version of the stock as well with ticker TWMJF
Customer: if i look it up it shows up in etrade under grey market
Customer: what does this mean
Gregory S: For one thing, it means that you will not be able to buy those shares.
Customer: can you elaborate please
Gregory S: Please see the following page for a definition of a "grey market"
Gregory S: http://www.investopedia.com/terms/g/greymarket.asp
Gregory S: It's basically not a regulated exchange. Unfortunately, we can't broker trades for anything that trades on the grey market.
Long term hold on a stock that has been trading for 1 day? Are you serious? And yes massive sell offs...you do realize 10 million more shares are still going to be sold next week right? Most bought it at 0.89 cents so they are already ~3x profit. That's the way it works.
Stock can surely lift off but needs much more volume. Need new investors/buyers and those stupid MM's need to stop blocking like they have been for the last week.
If it's a $10 stock then why is it at 2.50? You pushers are so pathetic. Sure it will one day maybe reach 10 dollars but as of right now it is 2.50 and will probably fall to 1.50 next week. Massive sell offs. Enjoy.
Your opinion became void when you told us you bought high. Of course you think it will go much higher...you're already vested now. You can't think outside the box. Stock will fall more. Insiders are selling and will keep selling.
If Bill stopped posting pics for a few weeks then maybe it would be helpful. Every day he posts updates of pics which is good because he is keeping us updated..however if he doesn't post for a week or 2 and then bam posts it THEN that would be news worthy that can make the stock soar...but instead we're kind of getting tired of the pics in my opinion! It's cool to see the building going up on a day to day basis but I feel like he's diluting the news in that aspect.
Talk about ignorant. Tweed valued at $20? Then why did it open at 4.5 today and then fall to 2.5? Oh that's right, it's called market correction. Overvalued stock getting back to what it SHOULD BE WORTH. But wait a second...if you're saying it should be $20 then why is it only 2.5??? Why are insiders selling at 2.5 when if it's going to $20 they should be keeping it no? OMG am I using logic??? Non sense...I should be banned from this board for speaking like this. And the best part? It's not even done correcting. Monday 10 million more shares will be sold.
I'm telling you . all you amateurs are going to keep on raising the price of this stock higher and higher for no reason just to get a piece. You think tweed is the only stock that has a license? Pmcm does too...and what are they at? 0.005 last I saw...and you got people saying they will put order at $10? LOL...idiocy. Watch your shares crash and burn the same day. You buy at 10 and it falls to 1...good luck.
Ignore the ask/buy prices you see at etrade right now. It was 1.50 earlier. Now changed to 2. Its only for 60 shares anyway. Everyone knows the stock price before the market opens is never the same and can be drastically different. 10 am is when the price will settle. The last 2 weeks weed stocks have been falling. Make sure you know what you're getting yourself in to.
Stop paying attention to pre market prices..they are not accurate.
Luckily you can deduct profit from tsx stocks when you file your taxes in the US so you don't pay taxes twice...otherwise that would be absurd and you'd only come out with 20% profit.
On a side note, with so many amateur people trying to buy this stock, expect for them to drive the price up much higher than it should be by bidding higher and higher which will cause a crash sometime mid afternoon. A lot of people who don't know what they're doing are going to lose money tomorrow.0
Well you might be taxed twice (your usual US taxes, plus you'll have to pay canadian taxes) so your net profit will be reduced quite handsomly....however there are credits available where you will only be taxed once so it should be fine as far as I know. If someone has more experience with this then your insight would be really helpful. Thanks.
That 1 million ask by atdf needs to go away
How is it that there are times the same MM is at top of both bid and ask....what are they doing.
I was reading up on level 2 stuff because I'm still learning and here they talk about the MM NITE which is the one that is always on itns keeping it down...their description of them was practically spot on!
NITE : This is the king MM of the OTCBB. He intimides traders and other MMs use that to their advantage knowing that he scares them. That's why NITE is the shaker on most stock runs; he is the most common ax. NITE could be on the ask all the time, he could be leading a dip scaring sellers to SCHB and TDCM on the bid.
No you cannot...as someone already mentioned...and now I've used up all 3 of my posts for the day and it's only 2:50 am!!! I reopened my etrade account so i can buy this...it sure is a hassle though. You gotta open etrade, then open global account (both processes take only 10 mins max), transfer funds (take 3 business days or immediate if wire (fee applies)), then exchange USD to CDN (can take 2 business days), it costs 19.99 per transaction to buy/sell shares on tsx using etrade. My money gets in april 3 but that is only USD so I dont know how long it will take to convert from usd to cdn. Let's hope it doesnt start trading until next week! And of course if the canadian dollar keeps dropping and the US keeps getting higher than you're not making as much money either.
Can you even do market? I don't know how tsx works, but with OTC penny stocks you can only do limit. Can someone clarify?
I can either buy myec or tweed that starts trading this thursday...decisions decisions.
I apologize for the amateur question but....for example if I put a limit order to buy at say $5 and the current level2 shows asks of $3, $3.50, and $4 and $4.50 ...and the current bid/ask is at $2.9/$3 ...will my order go through at lowest price or will it wait until ask reaches 5? And if each of those level 2 is for 1 share and my order is for 4 shares will I get them all at their respective prices?
TD ameritrade won't allow me to buy due to DC chill...first time I'm experiencing this.
According to td ameritade:
You can trade Canadian stocks by trading the U.S. over-the-counter equivalent. These trades can be placed online, through our IVR phone system, or with a broker. If a Canadian stock has no U.S. over-the-counter equivalent, you can place a trade by contacting a broker. Please note that there may be additional fees for trading sizes that do not constitute a 'board lot' in the Canadian market. A broker can provide you details for specific stocks.
I have no idea if tweed will have an OTC equivalent??? What does this even mean.
I'm confused cdams...aren't you the same fool who just a few posts ago claims to be 'long' and with 2 million shares? You're worse than the politician..haven't seen this much flip flopping since the presidential election. Get your crap together and figure out which side of the fence you're on...because as of right now you're just sitting on the pole and seem to be enjoying it quite a lot....keep on twisting.
Why are you involving me in this. I never bashed the stock I only asked questions. I have 200k shares and I'm holding. I know its not a lot but its all I can afford.
Why would anyone sell this right now????
I was up 1500 on itns and now I'm down to 0. Im not a huge trader only have 140k shares but this is depressing! I bought more yesterday when it was down 20% but losing on that too.
Looks like 5 million total now. Why would they want to sell
4 million shares at ask....someone needs to gobble that up soon or this stock is going no where
Chasing? You're buying down good time to buy
Well that post is already wrong
THIS STOCK IS UP 6% ON THE DAY
Do we know when exactly in march? And how was that chart produced using that other chart? It says a bunch of dates from april 2012 etc. Did someone conclude that the restrictions will be lifted a year later?
Ok...how the hell do you read messages on investorshub....Why isn't there a nest option or am I retarded?
Anyway, I'm in for long on elay. I might have shown that I'm stupid from my sentence above so I guess I have no credibility. I do think we will end the week in .00's.