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JDO now 6.15 from 4
another Griffster pick! (of course I don't have any!) LOL
yes, I called about an order I had in ( anothe stock) a long time ago and was told the mm is not required to show all orders...basically on the pinks he can do whatever he wants.
That was from the broker fwiw
Question...why is the spread at 10%? and ...why isn't this thing trading in less than .01 decimals ( not that I want it to, just curious)
Sorry, you're right....I was looking at Dumas...my bad...
I have no idea...I was just referring to a post that said Dumas wasn't mentioned in the news release...
He was.....
In addition, the Company announced that Przemyslaw L. Kostro, former Chairman of GlobeTel Communications, returns to that position in the interim, succeeding J. Randolph Dumas. Independent directors Dorian Klein and Ambassador Ferdinando Salleo have also agreed to resign; their seats on the Board will be filled by Mr. Khoury and Mr. Kostro
It's a forceout and you know it. He wouldn't resign on his own...Board is cleaning house like Vern said.
I expected it and don't becessarily think it's a bad thing...
he's still aroun anyway.
They had to do something...shakup.
I thought there is no more Delta Aero?
I count over 200k trading at .27 in the last 3 minutes alone...
blocks from 5k to 59k, most in 10k....didn't look good to me.
Still, that's only about $55k....but it's a lot of shares. And who would be dumping that many at this price?
Well, the last hour or 2 sure looked like organized selling ot shorting to me....large blocks bringing it down.
I don't see that being retail.....jmo
I sure missed it today (sell near .40)....I could be buying back now under .30 again
Maybe tomorrow....
LOL, it's always easy to look back and see that, huh?
I contemplated selling my .25 and .26 shares near .40.....but....
Some of those .25's are mine.....
Got lucky this am, set a buy for .27 and they filled it at .25.
Now that's how it's suppose to work!
Trying lowtrades theory...sold some at .40 last Fri in afterhours and bought those $ back yeaterday at .25 and .26...
I hope that doesn't mean more of them will come over here...
we were just talking about bankruptcy stocks in general....started with someone raising the possiblity of GTEM filing bk.......by now I'm, sure it's not proper material for this board.
not on the streamer, but the screen where you would place an order. (it's a square section at the bottom of that screen) Just above that is a blue bar that says "get quotes" use that and it shows the bis/ask.
Actually that order section is at the bottom of all screens in ameritrade...
you can get a bid/ask on amtd by punching in ab individual quote at the bottom of your screen above the buy/sell block (in the blue area)
Squirt
"I'm confused. Are you implying that it might be OK to hold the stock long enough for a quick profit during the 11 period but don't hold it till the company emerges from the 11?"
Actually, buy after the ch 11 filing and sell before emergence. Check charts of some to see what I mean....DALRQ, DPHIQ, CPNLQ, WNDXQ to name a few....but I hope not GTE
Squirt, either way, 7 or 11, shareholders are last in line to be paid any "remaining" value. Check it out.....I learned the hard way, but now have found a niche in playing bankrupt stocks AFTER they file (most file ch 11). I've never seen one that didn't at a minimum double off it's low after filing (finding that bottom is the problem, though.)
Ive had this discussion many times with people that think the co will emerge, they can hold their shares (or buy after filing) and everything will be lovely in time. Not true at all...ask former KMart investors...among many more.
Let's hope we don't have to experience that with GTE, though...
still on amex till 6:30, right?
yeah, well I been waiting for that too many times. Would be nice but I'm not counting on it just yet...I think later.
does it hold tomorrow or fall again on pinks?
you think today?
if you bought at .26 today would you sell at .32?
why are you so excited over a 3 or 4 cent move?
maybegte...I was wondering about the vol also. Nonetheless. it is still at .27, vol or no vol.....
Squirt....I don't know about BK laws, but I closely follow BK stocks...any I can find. BK might not be a bad thing for a company, but it's the worst thing for a stockholder. That is if you hold your shares until they emerge from BK. 99% of the time shareholders are left holding the bag with NOTHING.
The emerging co issues new shares to be sold, past shareholders ger NONE!
vkoenig, are you a shareholder?
BTW..are you still holding DALRQ? It went to 1.70's you know...back to 1.30 now
Does he have his baton in there with him? Or was that a ball to move down the field? Now a third sports analogy......
Ameriturd measures it 3 days from the BUY, if you've held for 3 days and sell the $ is available right away.
Other brokers will let you buy on the unsettled funds but then won't allow you to SELL intill the funds clear...too dnagerous for me!
Cabin and cpmac....if you have a margin acct, the 3 day thing doesn't apply. (BUT DON'T USE THE MARGIN, JUST HAVE IT APPROVED). I've been doing that for 3 years now...applied online, approved the next day, never spoke to anyone.
cpmac....the part I didn't figure in was the investigation. The delisting was pretty much expected by most and I felt it was mostly priced in at the time...I believe the "extra" news is why it's in the .20's right now...
Nobody's a "FORTUNEteller" (pun intended) but it should stop dropping tomorrow based on other delisted stocks I've watched (albeit they were for different reasons).
The point was.....I wanted to but ameriturd wouldn't let me buy in...that's all.
It is junk....but there was an opportunity. Its now over a dollar in just a week or so...up about 100%...what's wrong with that?
They say they don't offer advice...but by not allowing opening positions on certain stocks that's exactly that they're doing.
I like to play bankruptcies after they file.....bought CPNLQ at .09....then sold at .16. Tried to re-buy when it dropped again but they had cut it off.....of course now it's been to .50 since then. (Strange, but other bk's are still allowed...like DALRQ)
There have been others also, and probably many more that I haven't been involved with.
I don't recommend Ameritrade. Their list of stocks you can't buy is crowing too long. ( for your "protection" they say.)
I tried to buy PGWC last week at .68 and they wouldn't allow me too....there have been others...
Bday....ameritrade now shows live level 2 quotes on some pinks. For the ones that it doesn't show on the streamer, you can use the quote box for an individual quote and it will show the correct bid/asl also...
Thanks, I'm at work but I'll give it a shot if they don't block it here...
Nice time for my Aturd streamer and level 2 to be locked up
damn!
I agree with that...that's why I tried to dump sone afterhours.
But she didn't say she was buying...only that she had an order in...or did I miss that?