is Loving China.. considering learning Mandarian
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I think Glen should do an article on Agriculture. First it is a hot sector and will continue to be a hot sector.
I agree, a good article would be talking about commodity based investments. CKGT and SIAF as smaller players and show how a smaller player can become quite large rather quickly by comparing to FEED and SEED.
10,000 shares available through IB today
Looks like the shorts have a full inventory now..
http://www.interactivebrokers.com/en/trading/ViewShortableStocks.php?key=siaf&cntry=usa&tag=United+States&ib_entity=llc&ln=
That's holding up better than its OTCBB peers with expensive IR's.
I still think you should do an article on SIAF. I know it is hard to get past the pinky of it.. but it is for real.
Check your email..
2009 $.13, 2010 $.20+, 2011 can be a wild card depending on Sanjing JV and retail dairy sales growth. Could be literally as high as $.50 per share. Book right now is around $1.04 per share.
Varies.. they are pretty competitive with the bigger brokers. Mine charges $7.95 plus ECN fees. In most cases if your adding liquidity your ECN fee is waived. Average ECN fees on a 2,000 block of say FEED are about $5 or so. It is only slightly more expensive, but well worth the added cost. You've also got the cost of the platform. I think I pay $150 a month for mine, but that is also waived if you make so many trades.
It's because your using a retail discount broker. Dump the training wheels and use an ECN platform. Your order will not only execute almost instantly, but you'll cut in front of all the retail people.
When you place an order with most discount brokers, your order has to go through their network first, then to the MM to get filled. In a fast moving market there can be delays on your brokers end.
Using an ECN your order gets routed straight to the MM of your choice.
What any active trader wants is a "Direct Access" broker..
Online brokers are the most accessible, and often least expensive, trading system available today; after all, they are available to virtually anyone with a credit card and an internet connection. The problem with average, run-of-the-mill online brokers, however, is that they suffer from atrociously slow order execution. In fact, novice traders who are serious about their profession will soon recognize that speed can be a key factor in turning a profit. The system in which orders are placed and trades are executed is an essential tool for traders. This article will provide an overview of direct access trading systems (DATs).
http://www.investopedia.com/articles/trading/03/020503.asp
fwiw, I use http://www.nobletrading.com
WHERE ARE THESE SHARES COMING FROM???
Why is it that simply because the price has fallen that this translates into more shares?
Where are the shares coming from? People selling who bought in the .000's. People who bought weeks ago above $.01. People who bought this morning and sold in the afternoon.
There doesn't have to be "more" shares for a price to drop. It is all governed by supply and demand.
In order for the price to go up there needs to be more demand and less supply.
It really is that simple.
If you don't know how to pick your own stock.. STOP.. take your hands away from the keyboard, pick up the phone and call your broker to cancel your account.
i found this one on a chat forum and brought in at 0.0007 thanks
"finding" stocks on a public forum is a sure way to loose all your money in short order.
However something tells me your probably not as "new" to this as you let on..
already talking the lingo huh?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=44164259
And retailer pr'd....are you kidding me?
If this product ends up in a major retailer where people can go and put their hands on it, take pictures of it etc.. the stock will run. You can be in denial all you want, but we both know it is the truth.
A few sponges on shelves at Wallgreens turned Spongetech into a $1M a day liquid stock.
I might have to buy a few more tomorrow if all this fear mongering continues lol..
A little punking action worked to shake a few into $.94's and $.91's. Worth the 2,500 share sacrifice needed. It's always easy to spot retail, they chase you down on the ask right into your warm cuddly bid. Looked like a few others managed to enjoy my efforts as well. Was a little disappointed to see so much support haha!
I'm thinking the 12,000 T-Form was the seller doing a AON or limit and the MM's broke it up and pocketed the difference.. hence the Form T. Even the MM's can play sometimes.
If your buying.. maybe I will come in at $6.521 then lol!
Because it is a sub penny pinksheet and their compliance departments have placed it on their restricted list do to volume and overall client losses.
Brokers like TD Ameritrade and Scottrade are not restricting buys in the stock because of some conspiracy to cover shorts. They also have not singled out EXPH, they do this on a number of sub penny stocks.
The reason why they do it? It is because the vast majority of people who trade sub penny stocks loose money. The money you loose is less money they can collect commissions on.
If you don't want to be told what you can and can't buy, you have to go with a real broker like Penson. Scottrade, Ameritrade and E-trade all have one thing in common.. they advertise on TV. As such they attract a large number of people who quite frankly have no business making investment decisions on their own. Restricting sub penny stocks is more about protecting clients than it is about some vast conspiracy theory perpetuated by these forums.
SIAF Talk about a Cowboy gun duel..
Jeez.. 400K volume one day.. now 320 lol. Nobody wants to sell the bid obviously, and bid sitters refuse to pay the offer price.
Who is going to flinch first lol! I need to grab some popcorn.
Man talk about a stare down lol..
No and no
If they had NSS they would be listed on Reg SHO. Under recent SEC rule changes all short shares that FTD are required to be purchased by the broker who provided the loaned shares.
This does not mean there are not legal shorts. But legally shorted shares must eventually be covered thus adding liquidity
I don't disagree with you. These message boards do most the contributing to the mass emotional hysteria that takes place. Penny stock emotion is tied to one thing and one thing only.. price per share.
The vast majority of people who read these forums will buy stock when the bullish hysteria is at it's highest (further fueling the run), then sell at a loss when the sentiment shifts.
You pick these subby stocks up when everybody hates them, not when everyone is cheering and posting "Going to da moon".
That's what many said when it went triple zeros.
EXPH no matter what the bulls, or the bears feel, is a "known" stock now. In the penny world your just one PR away from a shift in sentiment.
There were a lot of smart traders who made some decent coin on the previous run. I'm sure they would all come flooding back in given the right atmosphere.
Simply put, the current atmosphere appears to be negative because the stock is down.. on low volume I might add.
And for the record, it took some effort to even obtain the shares I did. So it is pretty thin down here.
Long term, even their former IRP guy won't keep it long term.
Don't put words in my mouth. I'm a trader, that is what I do. Doesn't matter whether its a pink.. or NYSE.
So don't try to spin something someone says to suit your agenda.
Nah, nothing is "toast", I don't think you understand the registration process well enough.
A divy is just creating a carbon copy of your shareholder base if you will. Most companies spin out subs that are performing poorly to keep the parent company strong for shareholders.
I think in this instance, long term, JD sees the sub being better than the parent. Problem is most folks don't understand the length of time it takes to launch a start-up, set up contracts, marketing etc. I think some folks timetables are a bit unrealistic and I think JD probably got a little excited (his stocks was running big time at the time). The mental state of the penny market moves in hours.. not weeks or months.
So once you have created that carbon copy if you will, your audit will be quite a bit cheaper as there will be less to review. Your registration filing and non-financial information will be easier since your starting from scratch.
The SEC and FINRA want 3 things, you to have a shareholder base of at least 50 (check), a registration statement and audited financials. Creating the shareholder base is always the most consuming effort. The Form 211 side of it is pretty basic and simple.
I'm just here as a technical trader who just happens to have EXPH on his watch list for sentimental reasons. I saw a no brainer trade, so I took it. It is easy to see desperation on the bid.
It is actually just a simple way to create another Corporate structure with shareholders. It also simplifies the work and cost of filing a Form 10 or S-1 with the SEC. I'm assuming that is what he is trying to accomplish. He had talked about doing it even when I was around.
At any rate, even I can see emotional selling when it happens. Thanks guy, I picked up 1.5M shares at .003323 average.
While you guys are all bickering, I intend to make a few hundred bucks and move on..
Nah, I don't normally buy sub penny crap.. but I know quite well the "mentality" of the OTC and how lemmings will follow each other off the cliff. With that said, I started buying at .0032
Dunno, we are going to need some volume.
The PIPE investors keep jacking up the rhythm and pissing day traders like me off so we quit trading it.
Shorts trying to cover..
IB shows 1,000 shares now available (previous 6,000 shares before entire inventory being shorted)
http://investorshub.advfn.com/boards/read_msg.aspx?Message_id=44538507&txt2find=ib
To bad there is nothing to DD on lol!
Only about 5% or less are "scams", about 85% are under capitalized or have inexperienced management and the remaining 10% or so will most likely make you money. Trick is finding the 10% and knowing what to look for.
I look at two main things, accumulated deficit and capitalization. I want to know if the company has enough capital to implement the business plan and I want to see they haven't wasted any of it in the process.
If a company passes that test, I then look at earnings, margins and industry niche. If it is a high growth industry I then research management to make sure they have the proper experience. I look for independent board of directors.
Lastly I look at P/E and book and then conduct technical analysis to determine when to buy.. and sell etc..
All told, I will probably spend 100+ hours researching stocks before I find one worthy of more detailed scrutiny. I guess maybe it is something like 200 stocks to find 1 good one or so.
To give an example.. here is an older list of stocks I put together. Notice the date of the post.. and look at the charts.
http://investorshub.advfn.com/boards/read_msg.aspx?Message_id=37091184&txt2find=watch
Profiting from OTC stocks is really more about the investor doing his due diligence. I've made close to half a million dollars this year on OTC stocks, but I also spent hours upon hours conducting research.
To be quite frank, only a small percent of OTC stocks are scams. The number only seems high because the most heavily promoted companies tend to be the worst investment, hence they need promotion.
The ones that make you money are not going to be found on Ihub, you have to go looking for them yourself. Many times they have little to no liquidity and are thinly traded. I have watched at least a dozen OTC stocks that I have tracked in the China market uplist to a major exchange. In fact one of our newest babies to up list is ORPN.
SIAF roughly 380,000 at an average price of about $.06, I still hold several hundred thousand shares long. I'm holding the rest for NASDAQ listing in late 2010.
http://investorshub.advfn.com/boards/read_msg.aspx?Message_id=35428510&txt2find=siaf
CNOA roughly 200,000 shares at an average of about $.16, sold over $1.
http://investorshub.advfn.com/boards/read_msg.aspx?Message_id=36533420&txt2find=cnoa
So if you chose to blindly dismiss them all, you'll probably have a hard time getting similar returns.
Tell us how you really feel..
OPAI going AMEX.. just got the spam email from CCGIR.
I suppose most of you already knew that though.
I was actually wondering the same thing and found this board as a result lol.
Anyone expecting a Tax sell off this year?
I'm curious what folks think? I know most people are actually up in the china stocks.
I've been debating going into cash for blue light specials.. but I'm not so sure they are going to happen which might lead to an end of year rally caused by those who made the bet and lost.
Any thoughts?
Tell em what they want to hear lol.. god I love it..
I guess someone is using fast food, Wall Mart IR huh? lol.
Good luck with that.
I wish I made $100K a day..
Us traders have a thing called margin...
And who says what I am doing is wasting time? Isn't the entire purpose of an online forum to have discussion and share information?
I didn't know Ihub was strictly for "pumping" up stocks with posts like "Hold your shares, it's going to the moon"
Contributing to the forum is what I do.. touting trash stocks or attempting to make the conversation about the poster and not the subject matter doesn't contribute to anything.
Have you contributed lately?
Are they going to be able to get around Rule 144(i) to issue securities against that debt?
Lots of pinks unknowingly... and some knowingly are selling unregistered shares into market. A few got in trouble recently over it.
http://investorshub.advfn.com/boards/board.aspx?board_id=16132
You sure the folks who picked up the RMDM shell know what they are doing? http://www.gopublicdirect.com/pink-sheet-shell-pink-sheet-listing-warning
Just curious, are aware of the regulations involved correct?
Of course all in my opinion here.. do your own DD.. your millage may vary.
If we as daytraders waited for all of the postions we took to become "good companies" we would starve to death.
Your kidding right? Please tell me your kidding?
A mediocre trader should be able to make $250 a day trading just FEED.
You call less than $200,000 in dollar volume good liquidity to day trade? I mean that is after all what RMDM has done today.
$200K? Hell I can easily do $100K+ in dollar volume trading a big board for pennies.
In fact I even posted some of my trades one time on Ihub to show how easy it is..
http://investorshub.advfn.com/boards/read_msg.aspx?Message_id=38979541&txt2find=feed
A real day trader doesn't trade this garbage.. there simply isn't enough liquidity to make any money safely.
I guess we shall see who is right about the stock. See, the beauty of an online forum, is our posts are timeless... little time capsules to be saved for future use.
My prediction is this company will never generate any meaningful revenue, nor will it be profitable. Once the insiders/financiers have exhausted their supply of shares the PR's will come to a trickle and this will go back to being a useless shell until the next promoters come along to run it again with a new "life altering" business plan.