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ORCH - I don't think they'll have to do more dilution if they can sell that division they are phasing out. Once they have a profitable quarter the MM's will run it big.
ORCH - I don't think they'll have to do more dilution if they can sell that division they are phasing out. Once they have a profitable quarter the MM's will run it big.
I'd put the 1k in now and wait to see if it goes down more. It may be basing now. I got in at .43 and .37. If I get a pop on something else to take profits with I will get some more.
Freetrade commissions:
Your first 25 trades $0
Your trades 26-100 $3
Your trades 101-200 $2
Your trades 201 & above $1
Drawback from DATEK - calculation of daytrading margin allowance makes it very small, often less than my actual margin balance, so no daytrading leverage.
Margin requirements are also very conservative.
Ameritrade freetrade has no problem, so it is probably the Datek system they inherited.
Recent market reaction to good news in the BIOS has been underwhelming generally. At some point I expect a bio pump to begin and this will cease, but excellent news on MDCO led it to peak at 17.80 premarket and trade back down close to 15 recently. Similar events in other MLNM, IMGN, GZMO recently.
It seems these stocks are still under agressive accumulation and are not permitted to run or reflect fundamentals.
IMO - of course.
ORCH in capitulation mode - company is close to profitablity, has important DNA clinical technology.
Will rock_n_trade from Yahoo OMG please step forward?
The "constituency for reform" in the market? I believe it's truth tellers not short sellers. We have already established that even when elected to high office (president Carter) they have little clout in the current political environment.
I found it really interesting that with quite a bit of good news from a cancer conference this week, the Bios were still crammed down. MLNM,IMGN,GZMO, are three that should have had some sort of pop on news and they didn't.
My impression is that the sector is being muscled down. I am expecting that it is for final accumulation before a run.
We'll see if my impressions have any credibility :)
More current monitoring of short interest would also make it easier for the SEC to monitor things like illegal naked shorting. Wouldn't that be a nice project?
Augieboo - I noticed today the the bollinger on the 4y BTK is contracting significantly.
http://www.bigcharts.com/custom/datek-com/datek-rt2.asp?osymb=qqq&symb=btk&time=4yr&freq...
What is your take on this?
My guess is that the traders are gone and the instys haven't stepped up to the plate yet.
I found that Ameritrade reps often make up answers. I am learning to trade better, but not taking profit often enough because I have to cover commissions, or I will take a position that is too large to "cover commissions".
I am hoping that the $6 max round trip on freetrade will improve my mindset and my profitibility.
In edit - It just occurred to me that I prefer a correct e-mail response to a made up telephone response.
False alarm - just got this e-mail reply.
Dear Valued Freetrade Client:
The wire receipt and the creation of the wire "crossed in the mail",
the call has been removed this morning and the account will be reset.
Sincerely,
Client Services
Freetrade by Ameritrade
_________________________
My current opinion on Freetrade - platform is very awkward but fills seem to be good.
With freetrade you can't talk to anyone, only e-mail.
I have one in.
The thing that confuses me is that unless I go over my regular margin, how can they prove that it was my intent to day trade?
The PR indicated that he'd planned himself out of a position. Just looks like extreme cost cutting to me.
Reg T Help - I think I am screwed here... Deposited funds in my new Freetrade acct and bailed on a MLNM position E.O.D. becuase there were too many blocks sold at 9.50. This generated a 8,000 reg T call even though I never went over my available funds for regular margin.
I think I understand now what I did wrong, I should not have used ANY of those funds on the first day of deposit.
This Reg T thing sucks. I think it is just a way to get rid of as many daytraders as possible.
Biotech - looking at the 4yr weekly chart:
http://www.bigcharts.com/custom/datek-com/datek-rt2.asp?osymb=btk&symb=btk&time=4yr&freq...
Bollinger band tightening significantly. Momentum showing very neutral. MACD neutral with a positive bias (to borrow a FED term :).
I would guess this means an opportunity for a strong break to the upside with general market strength. But my lack of experience makes this a just a guess.
Augie? Other chartsters?
Completely O.T. I picked up some 78's at a thrift store last week. Several Spike Jones, some Sinatra, Crosby, one Caruso in almost pristine condition, and one Marian Anderson.
I want to ship some of them from Colorado to Illinois, does anyone have any suggestions?
duplicate
O.T. I think it is a sad commentary on our system that an ethical man can't function well as President. He has gotten more done outside of the political system than within it.
ISIS - getting blasted. 500,000 went at 6.12 - is this OMG all over again?
I sold some of my OMG today as I am switching to freetrade and can't transfer stock. Hoping to buy back lower. What would your target be for a buy order tomorrow? I'm going to be on a plane for most of the day and will have to put the order in before 11am.
Pure speculation - but could some of the extreme shorting that we have seen in this market be terrorist activity? God knows some of them have the bucks to do it.
If so, wouldn't the Fed be engaging in anti-terrorist activity if they attacked the short attackers?
IMO - not an improbable scenario.
Could you post a link for us learners?
Thanks
Is Friday a full day of trading??
What is your current experience with freetrade - have opened the account but not funded it yet. I am thinking that the smaller toll will help me experiment with shorts & longs and take profits more freely.
You're a real tease aren't you? :)
My account is all f****d up because I listend to all of the talk about OMG on this board... If I had stuck with my biotechs I'd be up another 20-40%.
Oh well, life is just an educaitonal process, isn't it? And in the end, you can't take anything but the Knowing with you.
Peace,
Paula
Because Joe6pk would loose interest and the MM's wouldn't have anyone to pick on any more.
I am thinking SEPR might be be breaking out.
OK wave fans -
http://www.siliconinvestor.com/research/chart.gsp?lotemp=&period=240&chart1=ma&s=OMG&...
I see three distinct selling waves here, diminishing in force.
Does reversal come next?
I sold half at 16.9. Holding on the other half because of the blocks gone at higher levels.
I missed it - didn't see your post in time.
Am watching for a rebound.
Block buying arount $18 has me hoping there will be one.
Yes, but I'd like a more experienced opinion on the pre-market vs post-opening expectancies...
Gee, I'm just sitting on my hands and watching it go UP!!
Big problem this AM - I have to figure out when to sell my MDCO trading shares. I'm not experienced enough to know if I should consider premarket or wait...HELP !!!
Level II from etrade has a click on block listing. Their Market trader software is nice.
Three block trades today in OMG totalling 380,000. About 500,000 in block trades today and volume should be under 2mil at close.
Lowest volume day since the big dump and it looks like the big boys are moving in (out?).
Contact an insurance agent on the heatlh ins. There are less expesnive temporary policies that will cover unexpected events but not routine health care.
Make sure it is an agent in the area you will be staying as some policies are geographically limited.
Wouldn't that be a reflection of things like just-in-time inventory and computerized analysis of inventory and production?