posted
Friday is the last day to be in for the 5-1 f/s. I've been in and out of this one and made some great money. Up 62% thursday. Looking for a big push of buyers today. Pretty sure once the split is register aug 4th I believe they have some pretty big news they've been holding for that purpose. Do your DD and GLTA!
posted
Up another 48% right now! wooo hooo. Either gonna be a big buy in or big sell off at EOD. keep an eye on this. I think this is a good 3-6 month investment if you have time on your hands.
posted
Actually Tex I have. I also do business with them here in CT. They are trying to get things together and send in the paper work to be listed properly. So far in the last 3 months I've played it 3 times and have done 5 figures. So yes it's a pink but the can make you a lot of money also. It's pulled back now to only 15% up but thats better for after the split, I believe they are going to disclose financials just before the effective date.
Green is this decades internet... ride the bubble.. Time to go green!
Posts: 108 | From: Connecticut | Registered: Jun 2009
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posted
It's pulled back now to only 15% up but thats better for after the split, I believe they are going to disclose financials just before the effective date.
------------ BINGO! And the announced today that they were coming out with full financial update to get back in a good position with trading!! Think they have just been so busy with all the new business and trying to expand le let it slide til the split!
Could be big... down to pre split record prices.. watch to see if she goes lower befor the PR and buy in.. could get a good 20-40% return IMHO..
I'm going for 500k shares to 2.5 mil wed. Wish me luck. Risky yes... big pay day.. I hope!!!
Posts: 108 | From: Connecticut | Registered: Jun 2009
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quote:Originally posted by Newbie13: Friday is the last day to be in for the 5-1 f/s. I've been in and out of this one and made some great money. Up 62% thursday. Looking for a big push of buyers today. Pretty sure once the split is register aug 4th I believe they have some pretty big news they've been holding for that purpose. Do your DD and GLTA!
posted
Sorry TEX.. tomorrow is the payment date... Record Date was the 31st.
Pinnacle Digest: Looking For Opinions On American Green's Latest Progress
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Posts: 108 | From: Connecticut | Registered: Jun 2009
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posted
just a hedzup...ex-date is 8-5: anybody who sells before that day (when it begins trading "ex-dividend") is also selling away rights to the divvy. Hence, you can buy up to close tomorrow.
posted
I beg to differ if you read the article. I may be wrong but we will see.
(PINKSHEETS: AMNE) announcing Friday was the last day for shareholders of record to receive the 5 for 1 forward split; in order to receive the dividend you MUST be a shareholder of record on the close of Friday,
So how is this eplained?
in order to receive the dividend you MUST be a shareholder of record on the close of Friday,
Posts: 108 | From: Connecticut | Registered: Jun 2009
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posted
Companies and even brokers scwoow this up alla time. Savvy traders look for ex-date screwups, cuz peeps frequently sell off after the record date--so the pps drops--because they think they have the rights to the divvy and are therefore safe to sell. They learn the hard way.
In this case, the company is wrong...again. Don't pay attention to PRs; check the daily list--I gave you the link earlier...
best, tex
ps: am not saying this is a good play; was simply pointing out the error.
posted
so if i buy another 50000 shares tomorrow that will turn into 250000 as of weds?
Posts: 108 | From: Connecticut | Registered: Jun 2009
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posted
doubt it will happen that fast, but yes, you're entitled. Until Wednesday 8-5, any shares bought in open market come with due bills attached for the split shares. If they're not delivered, somebody's breaking the regs...
Ex-date or Ex-dividend date - On (or after) this date the security trades without its dividend. If you buy a dividend paying stock one day before the ex-dividend you will still get the dividend, but if you buy on the ex-dividend date, you won't get the dividend. Conversely, if you want to sell a stock and still receive a dividend that has been declared you need to sell on (or after) the ex-dividend day. The ex-date is the second business day before the date of record.
Date of record - This is the date on which the company looks at its records to see who the shareholders of the company are. An investor must be listed as a holder of record to ensure the right of a dividend payout.
Date of payment (payable date) - This is the date the company mails out the dividend to the holder of record. This date is generally a week or more after the date of record so that the company has sufficient time to ensure that it accurately pays all those who are entitled. --------------------------------
another one....
What is ex-dividends?
When you buy a stock, there are a number of dates you must remember and Ex-dividend date will be one of the most important date to take note of. The dividend which is the money payable to the shareholders which is stipulated on a per share basis will be paid after the ex-dividend date. But it is actually not as simple as it looks. You see, ex-dividend date comes right after Record Date. Record Date is actually the date that you must actually own the said stock or to be the stock holder. You must be recorded as the stock holder before the Ex-dividend date in order to be entitled to the dividend payable. In order to be a stock holder, the outstanding position must be paid up via the brokerage firm. Investor must take note that stock clear up settlement takes 3 stock trading days on all buy and sell orders. You must have your position settled before the Ex-dividend date. All you need to do is to own the stock (which is fully settled in payments) for one day prior to the Ex-dividend date.
so if I understand this right.. considering most trades take 3 days to settle, you would have had to buy friday for them to settle tomorrow for the ex-date on wednesday?
Posts: 108 | From: Connecticut | Registered: Jun 2009
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posted
You see, ex-dividend date comes right after Record Date. Record Date is actually the date that you must actually own the said stock or to be the stock holder. You must be recorded as the stock holder before the Ex-dividend date in order to be entitled to the dividend payable.
This preceding part is wrong...
The following is correct:
On (or after) this date the security trades without its dividend. If you buy a dividend paying stock one day before the ex-dividend you will still get the dividend, but if you buy on the ex-dividend date, you won't get the dividend.
posted
yes I understand that I believe. But all trades take 3 days to settle and actually owned. So with that you must have bought by friday for you to actually be listed as a shareholder. --------------
Investor must take note that stock clear up settlement takes 3 stock trading days on all buy and sell orders. You must have your position settled before the Ex-dividend date. All you need to do is to own the stock (which is fully settled in payments) for one day prior to the Ex-dividend date.
Posts: 108 | From: Connecticut | Registered: Jun 2009
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quote:Originally posted by Newbie13: yes I understand that I believe. But all trades take 3 days to settle and actually owned. So with that you must have bought by friday for you to actually be listed as a shareholder. --------------
Investor must take note that stock clear up settlement takes 3 stock trading days on all buy and sell orders. You must have your position settled before the Ex-dividend date. All you need to do is to own the stock (which is fully settled in payments) for one day prior to the Ex-dividend date.
posted
So even with that I believe I am correct, unless I am wrong that from the time I put an order in it doesn't take 3 days to actually own that stock, and not just have it sitting with a broker.
It'll be fun to see. I have had my shares for 3 months, but a friend bought today against my advice thinking he won't register intime for the split. I told him to wait til the PPS drops from the split then buy.
I guess we'll find out. This is my first split/ex-div. It's kinda exciting!!
TEX I would like to thank you for taking time to help me with this! That is why I love this bl og, because we are all here to help each other! I hope I can pay it forward!
Keep you posted!
Posts: 108 | From: Connecticut | Registered: Jun 2009
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posted
settlement is between you and your broker...
I've done dozens of these things, and proved I'm right to brokers time and time again.
Do keep me in touch: If your pal has trouble getting his shares, get him in touch with me...
That being said, *sometimes* the process gets perverse, and the regs get phucked: GVRP, Katy Gold (can't remember the ticker), and MXSV come to mind. But--the regs are still the regs...
posted
lol, sometimes you got to get right up in your broker's jello... but there's ways to do it without losing your account. And, just so you know, I'm not offering to get on the phone with your pal or "represent" him, but he could PM me here. Truly, he shouldn't have a problem as long as he doesn't sell before the ex-date.
posted
Everyone gets the split.... all you have to do is wait untill the split takes place .. then buy... You will be buying at the new price which is the split price.... Usualy a FS price will drop a little after the split is reflected... Then you buy in for the pop!
Posts: 1101 | From: Georgia | Registered: Apr 2006
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quote:Originally posted by Hitman: Everyone gets the split.... all you have to do is wait untill the split takes place .. then buy... You will be buying at the new price which is the split price.... Usualy a FS price will drop a little after the split is reflected... Then you buy in for the pop!
well, everyone until close tomorrow.
again, I am *not* saying this is a play...was merely correcting info re: the "record date" vs "ex-date."
posted
Im watching 4 a good entry place also.... I bought in on BEHL recently at .03 and sold the next day at .05 Man what a mistake it is not well over .10 So AMNE does possiblynhave the same potential.. We sill see .... I will most likley buy and risk a few $$$ the reward may be well worth the risk. I have missed out on really gr8 moves in the market recently.... My only good buy was WEN at $3.98 and it is $4.88 +- now. So I will hold that one fpor a while.... Check out AURD.OB it is in the AUTO/Truck industry and really beaten down... It has been slowly moving up.. Your thoughts are welcome. I was watching CVGI .... Missed that $1.49 pop yesterday..
Posts: 1101 | From: Georgia | Registered: Apr 2006
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posted
I got some of this - I just couldn`t help it
This will be my first experience of this sort...
-------------------- Please buy responsibly. Do not take my word on any stock. Do your own research. Thanks & good luck! Posts: 439 | From: USA | Registered: Jul 2009
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-------------------- Please buy responsibly. Do not take my word on any stock. Do your own research. Thanks & good luck! Posts: 439 | From: USA | Registered: Jul 2009
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posted
DID this split today or did we get zinggged??
Ameritrade is telling me it doesn't show a split today....and won't 'til Aug. 10th? Did it just plain old go down 74% on nothing?? That's kind of what she made it sound like?????
Here's my conversation on-line with them:
Delena: you may have to contact our trade desk, but let me contact reorg, to see if there was a split
Delena: i don't show one listed on AMNE
Delena: hold please You: thanks
Delena: reorg states that we anticipate receiving the new split share on Aug 10th Delena: this is when you should see the new shares reflected in your account
You: Well the sock just didn't drop 74% at open on NO news or anything did it? THis is very strange......
Delena: this is not strange. this is a normal process. we cannot update your account with new shares until the issuer distributes them. you may contact the issuer directly as to why they chose Aug 10th as their delivery date.
You: So I can't sell this unti Aug. 10th? And my account looks like this went down 74%??
Delena: let me check if you can sell them, hold pls Delena: normally, you cannot until the new shares are in
Delena: but sometimes there are exceptions
Delena: you can sell the 200k in your account, so as long as you are not violating any day trading rules.
Delena: but you cannot sell the new shares until they post to your account on monday
You: What bothers me is it looks like I'm DOWN 74% instead of UP 30% on this stock today. WHY didn't they just leave the opening price the same as yesterday's closing price?
Delena: On a forward split, the price will drop "after" the record date.
Delena: we have no control over this
Delena: is there anything else i can assist you with?
You: No - I'll just have to wait I guess. THanks Delena: you are welcome
Posts: 2793 | From: Coral Springs, FL, USA | Registered: Aug 2003
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posted
It takes a day or so for the split to settle... However if you had waited utill 2day to buy you would have the split already built into the stock price... and would NOT have had to wait for your shares...
Posts: 1101 | From: Georgia | Registered: Apr 2006
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posted
Haven't followed this closely, but it looks like anyone whose broker delivered could have made out nicely--didn't a bunch of folks sell into higher prices?
posted
I know - so if it goes down to anything below .001, then I've lost - and it's a stinky pinky - so I could be at .0005 before I can even sell my shares? ILLEGAL - How come my friends with Scottrade had there's LAST NIGT and could have sold at .002 for a double + ???
Posts: 2793 | From: Coral Springs, FL, USA | Registered: Aug 2003
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posted
Tex - my sentiments EXACTLY. Whether we WOULD have sold at .002 or NOT is NOT the point - we COULDN'T if we wanted to - unless we were with Scottrade?!?!?!?!?! We can't sell 'til Monday or whenever our accounts are rectified. Not right.
NOW I see why we should have waited to this morning (post-split) to buy - and sold on the bounce!!!!! Whew!
Posts: 2793 | From: Coral Springs, FL, USA | Registered: Aug 2003
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