However I can not take much credit at all, this is "langlui's" board and a great gal/trader. I simply stumbled upon on it and was added as a assistant mod a short time ago. There's good peeps/traders here as well.
There's a wealth of info in the ibox and also on the other two boards I mentioned.
1st off, I suppose technically I could "cut" your post for a mention of a non-listed security but I won't do that. I don't think it's necessary at all imo and I feel all posts should be viewable unless it's an obvious vicious attack on another poster. Personally I welcome and like to read all opinions/ posts.
If you're looking for liquid day trade plays, I would study and keep the following issues on radar for day trade plays in the weeklies especially on Thursdays imo. I feel that any otm strikes have lost enough premium to be cheaper and still hold up through the early part of the day. If you are comfortable with the higher priced ITM options then even better The obvious hours to trade are between 9:30 and 11:00 am, and then possibly re-visit at 2:00pm
NFLX, AMZN, BIDU, PCLN are very liquid yet sometimes spread out a bit so you have to catch the move and avoid stale periods. Keep in mind if you end up on the wrong side of a weekly option you'll get crushed and the option will most likely expire worthless losing all of your principal/investment.
IWM and SPY are a bit safer and less volatile but offer scalp opportunities from both sides All in all, if you trade weeklies I would reccommend being quick and securing proift as soon as it presents itself as time decay becomes a big factor
Options offer great leverage and are more true to T/A vs pennyland plays that are mostly subject to shennanigans and are highly manipulated. But let's face it, no matter the exchange an equity is on wether listed or not, as traders we can only merely hope to pick up some crumbs here and there as the game is rigged for insiders.
The farther out monthly contracts will hold up better (time decay wise) but may not be as volatile so its pick and choose, I mix among all options but rarely holding weeklies overnight as they can turn into losers real quick.
I follow other underlyings such as a few in the ag sector (MOS, POT, AGU, MON) SLW and SLV in the silver sector, EBAY for swings, PCX for swings, currently LULU for swings and strangles. I will also often straddle or strangle certain plays into their ER's provided they show a historical volatilty of gapping up or down after earnings as for the gain or loss in the security to be so large as to offset a complete loss on one side of the trade with 100% + gains on the winning side.
This is a long winded post, thus far so excuse me, in short options offer great leverage with less manipulation that occurs in otc/pink land.
So back to the other issue and I can't really spend much time on it on this board at least.
I will have to disagree with you on the friendliness of the financing, at these levels they receive more than a 10% discount on shares and the put pricing is tricky and am not absolutely sure that the actual buy price is not derived off of that, offering an even further discount. History of officers/insiders suggests it's a sell shares first operation. IMO they capitilize on the current crazes that can provide liquidity. ie. facial recognition/homeland security post 911 and now precious metals with the rise in silver and gold.
Ok with all this said, you may be correct about the S-1 shares not yet being effectve. I believe some years back sec regs were changed and may require an "effect" notice. Reading thru sec filings and regulations can be overwhelming but all in all I'm not so sure if there is a timeline for an officilal effective notice or announcement to be posted or if it is even technically required.
The 144 clause you listed on a post some time back is definitely on the "fee shares" imo so that does not apply to the bulk of the registration which as stated ate DTC eligible.
Don't know for sure wether these shares are hitting the market/float, recent trading and block trades below bid are suggestive of such, that's all. Me personally, I would not trust anything coming from IR.
IMO we don't truly know wether or when "effective" occurs and possibly too late.
We can differ on opinions, that's ok and again I'll agree to disagree with you, welcome to the board here and good trading to you IW!
My apologies to the board for certain comments that may go against board rules. I've tried to keep it to technical discussion on SEC rules/regs and certain financing arrangements with as little violation as possible.
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