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And just to clarify. Apparently the Etrade and Fidelity changes go into affect on the 7th. That is what the Etrade gentleman told me.
So as of right now. Etrade and Fidelity 0% commissions on OTC stocks starting on the 7th and Ameritrade is staying the same at 6.95 per trade:
FYI: Email back from Ameritrade today:
Hello,
The $0 commission does not apply to the OTC. Here is a break down of the trading costs and which products are included.
Products that are included in $0 commissions:
Stocks, ETFs and Options (There will still be a $0.65 charge per contract for Options).
Products that are not included:
OTC Listed Stocks, Futures, Forex, Fixed Income, and Mutual Funds.?
Thank you for allowing me to assist you today. Hope this helps! If you have additional questions, do not hesitate to chat, email, or call us at 800-669-3900. We're available 24 hours a day, to provide the help you need when you need it.
Have a great rest of the day.
Trent Harbert
Client Services
TD Ameritrade
1-800-669-3900
I'll find out tomorrow, but the dude just said, No on the OTC and the email confirmed it.
I think they will all fall in line either way......eventually
If it costs 6.95 to do a 100 share buy to fill the spread people will think twice.
If it only costs the price of the stock purchase to move around the share price...........
Well We'll see.........
Agreed. however, I just learned that you can not transfer any OTC stock positions. You have to close them out in one account and re-buy them in the other. So I am just going to leave my large OTC positions in Ameritrade and start an Etrade account to trade in.
Open an Etrade......All free, all good.
I personally believe that the affect this has on the marketplace will be profound.
First there will be a shake up as to who people are going to trade with. Eventually they will all be on the same page, but I for one will be opening a Etrade account immediately.
Then there is the fact that trading itself will be different. The trading will be different starting tomorrow.
This will be interesting. Can't wait.
FYI:
Just got off phone with Etrade. Their OTC trades will absolutely be 0% commission, including OTC, whereas Ameritrade will be charging.
Just got off phone with Etrade. Their OTC trades will absolutely be 0% commission, whereas Ameritrade will be charging.
Might be time to switch!
FYI: Email back from Ameritrade today:
Hello,
The $0 commission does not apply to the OTC. Here is a break down of the trading costs and which products are included.
Products that are included in $0 commissions:
Stocks, ETFs and Options (There will still be a $0.65 charge per contract for Options).
Products that are not included:
OTC Listed Stocks, Futures, Forex, Fixed Income, and Mutual Funds.?
Thank you for allowing me to assist you today. Hope this helps! If you have additional questions, do not hesitate to chat, email, or call us at 800-669-3900. We're available 24 hours a day, to provide the help you need when you need it.
Have a great rest of the day.
Trent Harbert
Client Services
TD Ameritrade
1-800-669-3900
FYI: Email back from Ameritrade today:
Hello,
The $0 commission does not apply to the OTC. Here is a break down of the trading costs and which products are included.
Products that are included in $0 commissions:
Stocks, ETFs and Options (There will still be a $0.65 charge per contract for Options).
Products that are not included:
OTC Listed Stocks, Futures, Forex, Fixed Income, and Mutual Funds.?
Thank you for allowing me to assist you today. Hope this helps! If you have additional questions, do not hesitate to chat, email, or call us at 800-669-3900. We're available 24 hours a day, to provide the help you need when you need it.
Have a great rest of the day.
Trent Harbert
Client Services
TD Ameritrade
1-800-669-3900
That is a welcome change. There have been many instances in the recent past where our military and government had contracts with China for the steel they used, only to find that the steel used was faulty and inferior.
Ships, buildings, and bridges come to mind.
https://americanmanufacturing.org/blog/entry/the-made-in-china-bay-bridge-continues-to-cost-california
https://gensteel.com/building-faqs/building-comparisons/chinese-steel-quality-vs-american-steel-quality
http://www.ssina.com/news/releases/pdf_releases/steel_and_national_defense_0107.pdf
If we have issues with a country, why would we rely on that country for food or building materials?
I personally would only trust items and materials built by my very own country!
.02 even.
10/30/17 .02
2 Year high .02 And it is in sight!
#Staygreedy!
I waited almost "14 Years" for this stock to do something. When it went to a dollar I thought "It's so Easy" but then it diluted and now it's "Mr. Brownstone." I had "Patience" But now I think "You're Crazy" to hold any longer.
However, I just "Live and Let Die"
So it's all good! No use Kicking a "Dead Horse."
This was fun, Thanks!
Very short visit......And he's gone!
Why trade today when tomorrow trades are commission free?
https://www.cnbc.com/amp/2019/09/26/interactive-brokers-unveils-service-offering-commission-free-trades.html
They are all piling on:
https://www.cnbc.com/2019/10/02/the-end-of-commissions-for-stock-trading-is-near-as-td-ameritrade-cuts-to-zero-matching-schwab.html
I think we will have a better chance with Insurance, Medicare/Medicaid, Govt contracts.
I know this will not be popular here with some on this board, but the 180 dollar price point may be too high for the public to swallow. It will be easier for companies and governments to handle that type of cost. But the average diabetic in their house may cringe at a 180 cost item. (Unless it's covered)
For a regular average Joe the price would probably need to be $59.99. The 180 dollars seems a little steep to me.
But I guess we'll see what we see......
JMO
I hear ya. I will be adding more this week. Just.....need......funds.....to ....clear.....
Maybe.
Made in America may mean something again soon.
How many of the items that are in hospitals, ambulances, cop cars, schools etc are made in China or elsewhere?
I was watching a documentary about "Made in America." Currently in America there are stores that strictly sell made in America products. In that store, here in our country, there was not a single product that had a plug. Not one single electronic device. The store was 100% made in America, but it was simply a textile store.
We need to get back to manufacturing so that companies actually have a choice.
If we make things in America and they are of higher quality, then YES! But we have to start making things again.......
I would also suggest a reason for this move is due to the fact that China is notorious for Stealing intellectual property rights! They simply don't care about patents.
https://fortune.com/2019/03/01/china-ip-theft/
I could link this for days. China are thieves.
Secondly, they also build inferior quality products.
There was a time in the past that Made in America meant something. It will again.
I love this move!
Hey no problem. It's a day old already. I just can't remember seeing anybody post it so I figured I'd throw it up here.
I am constantly watching for website updates, Dr. Drew Tweets, SANDD Tweets, PCG Advisory updates, etc. If I find anything I'm sure you'll see me throw it up here!
Not exactly sure. I believe that Ben mentioned he thought between 150 mil and 350 mil. No definite numbers. Needs to be verified by the TA.
But one thing is for sure. The longs are strong and this thing moves easily. Float seems pretty locked up to me!
Public float
Float
181,225,775
06/07/2017
Don't think this has been mentioned yet. Updated OTC has the share structure at the 905 Mil mark:
https://www.otcmarkets.com/stock/SNDD/security
This was updated yesterday. I know there was some confusion regarding this as the brokers sites had lowered the OS to 756 mil. There is still speculation as to why that happened, but the OTC site has been updated.
No changes, no dilution
New Tweet by SANDD:
Less danger for patients and staff.Everyonecan benefit from safe needle destruction. #needles #safedisposal #needledisposal #needledisposalathome pic.twitter.com/OEMgwQsuGj
— Sharps and Needle Destruction Device (@destroyneedles) October 1, 2019
2 year high is .02
Oh dear God. I just spit out my drink! Lol.........You guys are killing me here....
OMG.....You guys are killing me! LOL I can't stop laughing......Crack pipe! Sticky.....Wealth of info..Great dd! lol
Come on the guy needs to get paid too.....
When short squeeze is brought up in the OTC, I question things.......
Just FWIW. Daily short volume shown in
https://www.otcshortreport.com/company/TGRR
has nothing (or almost nothing) to do with Short Interest, which is the total number of open short positions of a security. It's just technical data that describes the trading procedures used by Money Makers. Most of these "shorts" are covered the same second/minute/hour. That's how MMs make money. "In truth, much of the short volume is due to market makers selling into the market a few fractions of a second/minute/hour before they close their position by executing a broker order. Due to the fact that market makers cover many of their positions seconds later, much of the short volume isn’t necessarily an indication of useful bearishness." https://volumebot.com/why-short-volume-is-important/ .
Most of OTC investors don't have ability to short penny stocks. But for higher exchanges you can make similar trades. The most popular method is shorting "against the box" when you hold XYZ position and are bullish long term, but expect short term price correction.
It's go time. Let's get the .02's
No kidding. As thin as it is we could easily see highs of the day and year again by close. Without much effort it could easily go to 2 cents. VERY THIN!
And a 10k tap to see what the profit on one tick looks like in the portfolio!
Great buys at 6! Hold 'em strongly.
Yup, Massive accumulation at .0006. There was plenty to be had and they were all taken. Off to 7's
This thing is so thin. Even a hint of news and it flies to 2 cents.
Holding strong here. I like the support.
Imagine back in the day when you only had one quote per day in the newspaper and all orders were done over the phone and through your broker.
We've come a long way.........
I see:
Common Equity Units Outstanding 731,119,660
Total Amount of Unregistered securities issued 648,679,099
Unless I'm missing something.......
https://ih.advfn.com/stock-market/USOTC/tiger-reef-inc-TGRR/stock-news/80839207/amended-registration-a-offering-under-the-securiti
The tree just shook. 1.5 mil shares fell of into stronger hands and it barely touched the price. Here we go up again. At a dime that shareholder will regret that sell!
I agree "due to delays in the timely completion of the audit of certain of its international operations" However, a lot of people only see "nt-10k"
I have no fear hear and am holding strong. I don't care about day to day or tick to tick trading here..........
The prize at the end here is too great!
nt-10K may have caused a slight pause. I don't mind some grinding and profit taking here. Build a nice base......