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present!
yeah - me too - that's who I use. but don't make more than 4 round trips in a 5-day period, or you will be labeled a pattern day trader and be required to maintain a minimum balance of $25K
some examples of trading with unsettled funds -
You sell 1000 (ABC) stock on Monday 5/1/XX for $10,000.00 � sell has a settlement date of 5/4/XX. You then buy 1000 (XYZ) for $10,000.00 on Tuesday 5/2/XX. Since you have used the proceeds from a sale that has not settled yet, to make a purchase, you cannot sell the 1000 (XYZ) stock until 5/4/XX. If you sell the securities that were purchased with unsettled proceeds, on 5/2/XX, before the proceeds settled, then you must bring in additional funds to cover the $10,000.00 purchase. If you do not bring in additional funds, then you will be charged with a free ride.
You have 10 (ABC) call options long in your account. You sell the options on Monday 5/1/XX, generating $300.00 in proceeds. You then use the proceeds to buy $300.00 worth of (XYZ) stock, also on 5/1/XX. If you hold those shares of (XYZ) stock until the options sale proceeds settle, on 5/2/XX, then you may sell those shares at any time you want without bringing in any additional money to pay for the purchase. If you sell the (XYZ) stock the same day that you bought the stock, the option sale would not have settled yet, and you would have to bring in an additional $300.00 to pay for the purchase of the (XYZ) stock.
You begin the day with a cash position of $10,000 on Monday 05/01/XX. The first thing you do is a buy of 1000 (ABC) stocks for $10,000 Then you sell those securities on the same day generating $10,100.00, which settles on 05/04/XX, and use the money to buy 1100 (XYZ) shares for $10,100.00, again on 05/01/XX. If you hold the 1100 (XYZ) shares until Thursday 05/04/XX, you can then sell those 1100 (XYZ) shares whenever you want without having to bring in any additional funds. If you sell those 1100 (XYZ) shares before Thursday 05/04/XX, then the 05/01/XX sell of 1000 (ABC) would not have settled yet and you could not use those proceeds to pay for the 05/01/XX purchase of 1100 (XYZ) shares. In this case you would need to bring in additional money to pay for that purchase.
You begin the day selling $5,000 of a Mutual Fund (ABCDX) on 05/01/XX. This Fund has a settlement date of 05/04/XX. You wish to purchase $5,000 of DEFGX on 05/01/XX using the ABCDX proceeds. This Mutual Fund could not be purchased until 05/04/XX because the ABCDX has not settled.
There are other scenarios that may apply to your trading. Regardless of the security and your trading patterns, please keep in mind to avoid any restrictions on your account, you can only purchase with settled funds.
Non-retirement accounts have two basic choices. Your first option is to provide sufficient cash in the account to support the desired level of trading. Your second option is to sign a margin agreement, which will allow you to trade without the 3 business day hold on sales proceeds.
A consideration with the option of signing a margin agreement would be the requirement by industry regulations, that if you do 4 roundtrips (A buy and a sell on the same day) in a five-day period, you will be considered a pattern day trader and will be required to maintain $25,000 minimum equity in the account. There could also be interest charges that would apply on any debit balances past settlement date.
hope this helps!!
You can buy with unsettled funds, but then can't sell the shares from that 2nd buy until the funds settle from the first. That's my take on it.
gonz - no private msg ability. thanks for the heads up, but i was refering to a different one. to avoid spamming i will give you a clue - most posted board today. back to AWYI - i really think all we need is a little volume and we're back up in the pennies. GOOO AWYI !!!!
if the pink you are refering to is the one i'm thinking about, then you are slightly incorrect. i am in both plays, and i've been some killer cash in both. GLTY
no sells, no buys, no nothing. Am I the only one left here???
MA5 crossing the MA10. I may be a newbie, but that's got to be good!!!
I'm with you! I gottin at .0029 and out at .012. I got back in at .014 with all free shares! dats de only way to do it!!
I hear ya Dem. Hold on tight.
Anybody in a position to put some buying pressure out there? any $$? If I had it, I'd be all over this thing. For now - I'll have to remain content with my small position.
Thanks for the caution - i'll take it to heart.
Ten 1 Baggers starting with $1000=$1 Million--
I'll go ya one further - fifteen 1-baggers starting with $40 will put you OVER $1 million.... Go RVGD!!!
you see any sales - I'm trying to figure out if my computer is acting up, or if we are dead in the water.
no trades and no chat - did the world end and forget me???
Mr. Indian - or should I call you by your first name? take a chill pill.
news....
DECATUR, IN, Jan 18, 2008 (MARKET WIRE via COMTEX) -- Revenge Designs, Inc.
(PINKSHEETS: RVGD), a specialty car designer and production assembler, announced
today that it has retained Numarket Solutions, Inc. to provide the Company with
Investor and Public Relations services. Revenge Designs, as previously
mentioned, is currently nearing the final stages of negotiations for multiple
contracts. As a result, the services of an outside investor relations firm will
provide the much needed assistance in furnishing essential shareholder
information as these key strategic business activities develop.
Peter Collorafi, Revenge Designs President and CEO, stated, "This is a great
starting point for us moving forward. Bringing on an experienced Investor
Relations firm will allow me to focus on the business of the Company which in
turn will bring value to shareholders."
Chad Sykes, Numarket Solutions President and CEO, stated, "I'm excited about the
opportunity to join the Revenge Designs team so early in the growth of its
business. I will be working closely with Mr. Collorafi in putting together an
investor awareness campaign and helping current and potential investors to
better understand the business as ! it conti nues to ramp up to full production."
About Revenge Designs, Inc.
http://www.revengedesignsllc.com
Revenge Designs, a specialty car designer and production assembler, is
headquartered in a facility in N.E. Indiana. Mr. Peter Collorafi is a car
designer from Queensland, Australia. Mr. Collorafi has been designing and
installing custom modifications for factory produced vehicles since 1980.
About Numarket Solutions, Inc.
http://www.numarketsolutions.com
Numarket Solutions is a business development company that provides business
owners with the tools and blueprints they need to compete in today's markets.
Services include, but are not limited to, Investor Relations, Marketing,
Corporate Planning, SEC Audit Consulting, and Corporate Structuring.
This release includes forward-looking statements within the meaning of Section
27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934.
Statements contained in this release that are not historical facts may be deemed
to be forward-looking statements. Investors are cautioned that forward-looking
statements are inherently uncertain. Actual performance and results may differ
materially from that projected or suggested herein due to certain risks and
uncertainties including, without limitation, ability to obtain financing and
regulatory and shareholder approvals for anticipated actions.
ok - thanks for that.
oh - ok. Thanks
who's buying above the ask?!?
newbie here - got in today @ .0029 and already made my commission back. any of you longs wanna tell me why the volume is so high on this jewel?
1.3 million in volume - I think someone in the "know" is accumulating. Any opinions?
any news yet on R/M or late filing? anyone?
Thanks. I prefer that method over these hooyas that PR every thursday - even when there's nothing to say. I appreciate the reply.
I am new to investing, and even newer to this stock. can anyone tell me about how often does this company typically release a PR?
Novice Question -
in the expression - Bid 0.01[-] - what does the minus sign mean? sorry for the inconvenience, but i'm pretty new to the game. Thanks.
what news???
Voyeur -
That is the most rational explanation yet, but not sufficient. Re-read your post, and you will see that I bought into the juice - not the power company. the SSTP divy was to compensate you, and you deserved it, and should have got it. If that would have happened I would be fine. But they diluted my juice to give it to you, instead of the SSTP that they owed you. I hope you can see my point of view. pretend you are me for a moment. I bought knowing about the divy, and knowing it wouldn't effect me. But it didn't go down that way. See my point?
SACK - I DON'T WANT TO ARGUE. I AGREE ABOUT THE POTENTIAL ASSET. BUT I DIDN'T SIGN ON FOR SSTP. I SIMPLY BOUGHT A STOCK THAT I THOUGHT SHOWED PROMISE, AND THEY HAVE DOUBLED THE SHARES ON ME. I hope you can see that.
EZ - THANKS FOR THAT INFO. HAVE A GREAT DAY.
SACK -
ONCE AGAIN - HOW DO ANY OF THESE ROSEY SCENARIOS EFFECT ME? HAD THEY DONE WHAT THEY SAID, YOU WOULD HAVE YOUR DIVY, AND I WOULD HAVE MY VALUE. THEY DID NOT. I BOUGHT MY SHARES POST 12/1 KNOWING I WOULD NOT GET A DIVY, AND WAS FINE WITH THAT. JUST ANSWER ME ONE QUESTION. IF YOU ANSWER IT HONESTLY, YOU WILL SEE MY POINT. ARE THERE TWICE AS MANY SHARES OUT THERE NOW THAN WHEN I PURCHASED? THAT IS MY POINT IN A NUTSHELL.
MM - I AGREE.
I INVESTED FOR THE POTENTIAL IN THE PRODUCT. I CONSIDER MYSELF A LONG WITH A POSITIVE ATTITUDE. I NEVER ONCE WHINED ABOUT NOT GETTING A DIVY. I AGREE WITH THE OTHERS THAT THE DATE WAS 12/1 AND THAT SHOULD BE THE DATE. BUT THAT DATE WAS FOR A DIVY NOT A SPLIT. RARELY DOES A SPLIT IN PINKY LAND EVER BRING ABOUT ANY GOOD NEWS.
SACK -
I WENT BACK AND READ YOUR POST. IT IS BASED ON THE WORD "IF". IT SAYS - IF THE OTHER SHARES GET VALUE, THEN I WILL TOO. PUT YOURSELF IN OUR SHOES. WE AREN'T LIVING WITH - IF. WE ARE LIVING WITH A STOCK SPLIT. DID YOU HEAR THAT? STOCK SPLIT. IF THEY GAVE YOU A DIVY, I WOULD BE HAPPY FOR YOU. IT WOULDN'T EEFECT ME. THE FORCED A DEVALUATION DOWN MY THROAT IN THE FORM OF A STOCK SPLIT, AND SAY IT WAS TO REWARD YOU. THAT IS VERY DIFFERENT THAN A DIVY. DO YOU EVEN UNDERSTAND THE DIFFERENCE? DIVY IS DIVY. STOCK SPLIT IS STOCK SPLIT. HOW MUCH SIMPLER CAN I EXPLAIN IT. YOU ARE WRONG, WRONG, WRONG.
KNTSKC -
I DISAGREE STRONGLY!! THIS IS NOT JUST ABOUT A DATE. THE PROMISE AT THAT DATE WAS A DIVY OF ANOTHER STOCK. THAT DIDN'T EFFECT ME, BECAUSE I AM POST 12/1, AND I DON'T OWN ANY OF THE OTHER STOCK. HOWEVER, NOW IT IS A SPLIT (NOT DIVY) AND IT DOES EFFECT THE VALUE OF MY SHARES. THE SPLIT DOUBLED THE SHARES OUT THERE PAL. WHAT IF YOU BOUGHT A ONE-OF-A-KIND DAVINCI AND FOUND OUT LATER THERE WERE TWO OF THEM (A SPLIT). YOU SHOULD TRY ON OUR SHOES BEFORE YOU SAY THAT ONLY THE DATE MATTERS, AND WE HAVE NO REASON TO COMPLAIN.
EEL -
Good, don't buy the stock. Stay in Hell.
I'm with scottrade - I am 100% post 12/01/06, and I got all shares doubled in quantity, but showing value of yesterday's close. (My money today is double what it was at close yesterday.)
Does your post mean that since I bought after 12-01, that I bought someone elses rights to the divy as well, and I will get the divy? If that is the case, then the 12/01 date is irrellevant?
while you guys all bicker, the stock price is trying to rally.
BTW Wechoose -
thanks for correcting my terrrible fruit blunder.