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If you don't have a margin account you have to wait 3 days before you can buy & sell in the same day. It's what they call T+3
Example: I buy and sell a stock in a $1500 trade. The same day I sold the stock it drops and I buy it back.....I now am trapped and cannot sell that buy until the previous sell settles 3 days later. If the stock drops during that time I'm screwed. If I sell it before then, my account gets restricted for a period of time because I made what they call a "free ride" trade.
USOG is NOT allowed to increase in PPS until my profit from selling that POS QASP clears the ridiculous 3 day settled funds crap.
Understand?
~wink~
The next thing people are going to say is that the new CEO deliberately filed a apparently fraudulent filing to get rid of the last of the flippers because they would think it was Dean Bradley.
It's all too much BS.
I'm all out. Rolling over into something else.....anything else, actually.
Flame away.
What about the entity that takes the filing. If they knowingly take a fraudulent filing doesn't that make them a party to fraud as well?
C'mon.
Did I read that correctly? Did the A/S just double? Not good. Glad I bailed! Whew.
Apparently my cynicism paid off for once.
Edit: I'm thinking a PPS of .0015 divided by 2 before it stabilizes.
JMHO
After averaging down since December of '09 I managed to sell all but 500k shares over the past 2 days with a 4.2% profit......and consider myself LUCKY.
Profit is profit. Can't shake a stick at that. Mistake made, risk reduced, huge sigh of relief. Now I can sit back and let it churn into oblivion, or turn into a Microsoft.
Spencyg, like you, I have become very cynical.
Good luck to the longs.
Value isn't propagated by loyalty. I've been one of the most loyal, though mostly silent for the past two years. That hasn't made me money.
Flipping around a core holding has.
Just sayin'.
If Mr. G's interest is increasing shareholder value, and that is to make shareholders money, and flippers make money as shareholders, then why would Mr. G's biggest pet peeve be flippers who make money?
I wouldn't care if QASP dealt in wooden tongue depressors....if I could flip it and make money.
The difference is that I don't hold the CEO in contempt as it is implied that the CEO hates flippers.
You can't hate people for being successful, whatever their strategy. It's wasted energy.
JMHO
The question I keep having is that even if QASP received 100 million dollars to focus on their flight school, who's gonna take lessons? Nobody has any disposable money, people are still losing their homes, there's no market for pilots - except for helicopter (maybe).
I believe Mr. G's intentions are honorable, but the timing is just bad.
This is my opinion based on first hand experience as an instructor.
JMHO
Famous last words.
Can you post a screen shot for us lackeys?
I didn't sell anything? Was that a rhetorical question?
.002's are up...hit it and start this beast.
I'd like to see a low open for tomorrow....say .0013 - .0015 with a PR following an hour after the open. This will show support at the ask with momentum behind it.
JMHO
This seems very overdue for a significant run. Am I missing something?
Neg. I bought at .0015 but haven't put in a sell for it. I was patient for the drop, I'll do the same for the rise.
Edit: Incidentally, my 3 minute chart shows accumulation since 12 noon for what it's worth. Good sign of support?
Wasn't me.
There's a 20% to 25% flip opportunity right in front of everyone and they aren't seeing it?.....with news pending?
Even if the financial news is crap it will generate volume.
This seems like a no-brainer...but then again I have no brains, so go figure :)
I have a small order sitting on .0014....but they ain't be hittin' it....hmmm. I wonder why?????
EGOC great bounce opportunity from the 50 day SMA to the current uptrend support of .0022.
Yup. There were 4 trades and I was one of them. Although it tapped the 50 day SMA, I'm hoping that with the light volume of the past few days that it'll indicate a bounce or a reversal soon.
My next buy-in will be at .0011, which will be a tripple bottom (if that's a good thing for EGOC).
One way or another we'll see what happens.
JMO
Edit: One additional thing is that from .0015 on a bounce to the uptrend support of .0021-.0022 could be a great flip opportunity of .0007. That's a good incentive to average down, make some cash, or increase share strength.
I just got filled at .0015 :)
I'm betting we close at .0021 (uptrend support line).
JMHO
Isn't ARCA the automated computer initiated MM? I seem to remember reading that somewhere. I think (but I could be mistaken) that ARCA will remain on stocks as a MM where after hours trading can take place.
...or is it AUTO thats the automated MM. I forget.
I think I did yesterday.......
If the chart is any indication...the PPS will touch .0019 - .0017 before it'll hit .0029. As long as higher lows keep getting put in - we're ok.
If good news gets PR'd that'll change.
JMHO
Ditto.
That's ok...the poor souls can't help it. They want 1500% gains to satiate their inner sense of approval and trading acumen.
The rest of us have learned what to look for with regards to buy and sell signals. It wasn't too long ago that this stock was below the .004 range, and it was also not too long ago that it shot up dramatically to a PPS double what it is now, then consolidated healthily.
The chart tells me it may be ready for another significant run regardless of good news.
If GOOD news comes out, watch out.
All in my ignorant, but humble opinion. :)
Scottrade L2 bid .0043 - ask .0047
ARCA sitting on .0054
Nah, there's always hope for .0015.
Now that it hit .0024 we'll see if it's a good support. I'm hoping it will be. According to the chart, this was where it should hold.
Hopefully I'm correct.
I agree with both of you, and the advice to Susan is sound.
This ran its course over more than 3 days. It's done.
Hey Bigtoe... :) I posted this yesterday and promptly got told how stupid I was as the pumpers were trying to convince everyone that there was strong support at blah, blah, blah level.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=59005700
I stand by my assertion.
I wouldn't touch this until it falls below the 50 day SMA, otherwise it's just gambling.....oil sector or not.
Just my friendly stupid opinion, folks.
Edit: LOL
I don't know if you guys saw it, but the bid flashed .0024 for a millisecond before it went to .0026.
If this thing passes .0039....it could go to .005 in a heartbeat.
No, I didn't get to reload more at .0024 ;(
IMHO
If it goes .0034 / .0035 I'll agree. If it goes .0032 / .0033 watch out ! :)
Reload at .0024 for a quick $500 gain in the power hour.
Kinda fun to watch, eh?
;)
Edit: Personally I'd like to see this tap the .005 resistance!
Edit #2 SEE!!!!!!!! .0029 / .0031
Edit #3: bid / ask -----.0028 / .0035 still wide = be careful for continued pullback.
Still looking at .0024 for healthy daily re-tracement PPS.
Be careful of the bid / ask spread. The MM's can still head-fake to the low side first.
I'd be happier to see it closer together.
JMHO
I'm looking for a reload if it hits .0024-.0025 (healthy intraday pullback zone).
Just my opinion.
Edit: Be careful. Watch the spread on the bid / ask.
Nice run today, so far.
I find it very interesting that two totally different people type the same way (capitalizing the first letter in every word).
Never assumed anything of the sort. I'm happy for you. Sell it before it turns into 5k or less.
This will probably drop to the .0011 level and then hover around there for a while.
Don't let your greed prevent you from taking a substantial profit.
JMHO
Actually, yes I have....and it's phenomenally bad.
Rationalize it any way you wish.