Thanks JP. I working on DD today. It has been a good weekend of that. BTW I gave #7 :)

awesome. That is what I am finding. Thanks again and I ready to get after it:)
Next few weeks should be interesting with some of my holds. I think the Qs are going to get updates and hopefully upward movement for all here..
Have a great day off and don't work to hard for us. Your service here is relentless and I for one am becoming a better trader, and for that I am grateful:)

.0002 * 3B = $600,000

this what I want work on is understanding what is NOT crazy and what is a scam?

Because after looking into this I was thinking no buy tomorrow. Because I do want to have some buying guidelines. and being 3B is not a low float?

I know Low float is not the only variable to buy or not buy, but it is one. Plus when I go to the board. Negative. Same reason I got the hell out of Gler, and then it popped 200%. I got of Tdey, it never popped, but still I hate bashers.

I think this is why I want to do more Dd upfront and not listen to chatter on boards?

Thanks'. Feel like I am a pest:)
I broke a rib skiing last week, so I am grounded. And I had a goal to be a better trader. So I am finally coming up with a plan on how to enter trades and not just let someone else pick them for me.
And what better way to do it than right here on the newbie board. Imagine if asked these questions on the other boards? I would get ate for lunch, probably would not even get a belch..

I found it
http://www.otcmarkets.com/stock/GNCP/company-info
big float.
6.5 billion outstanding
3 billion float

Garyst cant thank you enough and too many times:)
I did look at the Ihub detailed quote. Problem I have is it does not give the float. I checked a few different tickers and still no float.
So if it is important to pick one with a low float how can you get information? I looked on MSN, Scottrade, Yahoo.
I think because they are pennies they don't give it? Maybe because shares are moving so fast?

I am not a premium member and could not find them. I tried. I get message to upgrade.
I have been here for 6 months and I know you keep answering questions over and over.

how do you calculate float?

thanks. I am sure we will get a answer. Months ago Garyst had posted it. I did not capture. Now anything I find useful I take a screenshot of and put in my spreadsheet. As I said I am a engineer so If I can find variables I can do math.
Have a great night deb:)

I think you did very good.
I guess the engineer in me wants a formula. And better yet where to find the variables. I use a spreadsheet to make my plan. One goal I have this year is to try and make my own decisions on when to get in ( I do know to buy on a dip).

Example: I cannot find the float? I looked on MSN, Scottrade, Yahoo, Ihub. Just shows blank for float. So how can I find float?
We know outstanding 6.25B
6.25 - "in play shares" = Float

According to experienced trader they want a float of less than 300Million

Garyst I am trying to take good notes now. I remember you have explained this before, but.

"Some of the key things I look at when entering a play is the # of outstanding shares (higher it is the harder it is for the pps to rise without large volume)the spread between the Bid/Ask (the greater the spread the more risky), what the past 10 day average volume is and is the current level decreasing or increasing off of that. Those are some of the main things to look for."

Lets just say I am looking at Gncc.

Outstanding shares: 6.25 billion How many are to many?

what is A/S (Authorized Shares)

Low float: Is the amount of outstanding minus how many shares are not common stock or owned by insiders? I think you said less than 300 million. How do you get this information? I tried looking around and could not find.

cool as long as we all know. I want to get into one. I will check it out.

What do you guys think about the mj sector getting regulated. Read this over on another board.

Credit to Stukture. Hope he does not mind.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=97359584


Garyst I would like to here your take. I feel like I have missed the boat on mj, but then again those that are legit will be fine?

that is why more and more I love this board. I am learning a lot just reading different post.
So if they are doing a buy back good time to get in. I put on my list.

thank you

JP is a buy back good if you are looking to get in?

that is a good way to look at it. I think 5 trades sounds do able. Have you ever tried Market Caster? Is it a waste of my time?

Etrade question. I got my new Etrade account, and I am pretty excited about using it eventually. Thanks to all the help here. I need to get it funded.
For trading platforms.
Etrade 360 is the basic web based platform. no frills, but good enough. I don't think there is a L2? but it does stream live quotes.
MarketCaster I finally got it to work but markets are closed. Looks like it opens up as a App and uses java. Is it free? does anybody like it? not sure if you can see L2 or not?

ETrade Pro looks like the shizat, I can try for three months free, but I am waiting to get a decent amount of funds in it to get the best bang for the buck. Looks like it cost $99/month. But if you trade 10 trades a month it is free. I don't think now I trade 10 trades a month, but now that I have the ability to flip faster because I don't have to worry about funds clearing it might be possible?

I use Scott Streaming quotes which is nice for me as it opens as a App with a lot of nice widgets (different apps that open up from it).
I try and be stealthy at work and have it open and can look at the streamer ribbon. I have a flexible office environment but try not to be obvious, I am sure some know I trade.

hey never. I trust you and a few others here, because I have been here since last June. I have seen the crew I use to trust, and they burned us. That's ok when I see them coming my dark cloak comes up and I hide behind the bush and keep a eye on my investment:)
count my 4 mil shares because I think we will be rewarded for this long wait. I have not sold 1 share.

me to. good job indeed.

agreed I have a nice size invested at 0026 in mine. I don't even worry about it. 10Q I think comes out in 3/15 to 3/31. should show first real revenues. They are making a substantial production run end of this month, that they have increased now to another day of production. Last PR said all new formulated products will be in that run and they are going to unveil the full line up.
Question why would they increase run if they already did not go through there last production run and have distribution set up to sell it?
They have real product, real mgt team, this stock will move. It might not move until April but it should pop pretty good.
Question will it leave the station without riders who want the ride?

your not just whistling Dixie...

alright excited. playing with it now, I mean 360:)
Thanks all, and have a good night. And damn I hope things go green tomorrow.

nice. quick transfer still takes 3 days?

agreed I have wanted this for a while. it sucks to have this in the back of your head while buying and selling.
the guy I dealt with said he was not sure it work but we tried. I moved Mine as I am stuck in it anyway. If it goes down I would probably watch, but think it will rebound nicely wants 2Q is released in March and sales updates. And if it goes up great...
If it does not go thru I will sell a few and do as you say.

bummer is now I have to figure out 360. I am sure I will figure it out. Is there L2?
I just got used to ScottStream.

they are telling me I cannot transfer OTC stocks:)

thanks,
haberbashery was very helpful.
I am going to transfer a couple of locked up trades I have which will get me margin status in 3 to 5 days. kind of scary not having access to them for that amount of time, but I think it is worth it?

thanks,
Just talked to a Etrade rep. He verified everything:) It is still good to hear it from fellow traders. I am signing up now.
If I transfer some of my stable plays I can get margin status in 3 to 5 days.

sorry to bother you but looking at Etrade online now.
there are no offices in my state is that a big deal?
Is it the complete investment account? or the complete investment account plus Pro Elite?
Do you like there on platform? have you ever used scott?
Last question:)Do you use advanced orders?

thanks I do want to switch. one reason is to have the ability to do advanced orders(stop loss, stop on price, etc.. )
But the margin account is what I want, because of its benefits in not having to wait for funds to clear ( there are rules on how many you can do in a week without having issues)

So I need $2000 to open or $1000?

Garyst can you explain this a little more.

"I believe it is just 1000.00 to open a margin account but to trade on margin you need 2000.00."
Having a margin account does not help with pennies but it does help by not having to wait for funds to settle? Is this only with Etrade?

When I ask Scott they claim you still have to wait the three days.

7:30:36 PM : Jon H.: Most penny stock is non marginable though, so you would not be able to use margin for them.


7:32:30 PM : todd: I think I understand that. correct me if I am wrong but I have a penny account then I wont have to wait for the three day settlement?


7:33:26 PM : Jon H.: If you are purchasing stock with unsettled funds you need to wait until settlement in order to sell them again.


7:35:23 PM : todd: If I have a margin account then I wont have unsettled funds according to my friend. he told me with Etrade they allow then so many trades in a day

7:37:01 PM : Jon H.: With a margin account, you are able to borrow funds in order to purchase stock. You can avoid purchasing with unsettled funds because you can use margin.


7:37:21 PM : Jon H.: Unfortunately, you have to use your own money to buy penny stocks at Scottrade, you cannot use borrowed funds

wow I thought bought a dip. I guess I should go back to school.
WTF

Thanks. If I did not get slaughtered on every stock I own today except paws.
Next time I get some dry powder I think I will try opening a Etrade account.

good to know. I have a goal to set up a margin account this year. I have Scott. I have heard a lot about Etrade. I like Scott, but I cannot do advanced orders on pennies, and I asked them about Margin and did not get a clear answer.
I have thought about starting a Etrade account so I could have advanced orders on pennies, and it seem they clearly outline what you need for a margin account. Not sure but I think it is $2000?

Am I correct that a margin account would help with this issue?

thanks for the heads up. I have this cool button called ignore. I have learned to use so I don't get distracted by bashers.

Question. if I have shares in abcd. the first hunk is all settled, but I bought more shares yesterday using unsettled funds on a dip. Can I sell all shares today as long as I make a profit?
I would assume yes. I would assume as long as I don't sell any for a loss then I am ok?

I like what you are saying. Let this baby go.

I would love to see those guys in action, and how they think. That is what I see. it was climbing when I left and it went down and right back up to where it was and higher
I don't normally bid sit, but I have a good feeling we will move up and wanted to bring my average down. And that I did. Now I am at 27.

I know very surprised. set a order and left and I hit the only dip. Do you think they actually came down and got me?

I got lucky and bougth that dip at 22. go tcel