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GZFX (GameZnFlix, Veegeez, Point Group) DD and TA (Page 7)

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Author	Topic: GZFX (GameZnFlix, Veegeez, Point Group) DD and TA
BetNitAll Member	posted February 06, 2004 15:49 I have Ameritade and have had no problems. I sold some earlier at under GZFX. I even had a phone rep wait why I tried to sell it. If it didn't sell then I was going to have him do it. I fealt important for about 5 mins LOL All free shares now, and it feels great! IP: Logged
nitroburn Member	posted February 06, 2004 15:49 500 sale just went through IP: Logged
tigerontop Member	posted February 06, 2004 15:49 I wasnt set up for margin and went an enabled it and bam I got $5000(not with OTCBB) to play with. I wasnt expecting that. In account services click on settings and enable it. quote: Originally posted by COOLORANGEFREEZE: Johnny, great job with your VeeGeez design! And I want some t-shirts too As far as Ameritrade goes my streamer was updated this morning to GZFX... and was able to trade... somewhat. There is a hold on my funds for 3 days due to nonmargin account. I'm applying for a margin account for the second time. If I don't get it, I will move my trades to another brokerage site. I want the ability to jump in an out when I need too. [This message has been edited by tigerontop (edited February 06, 2004).] IP: Logged
delt16 Member	posted February 06, 2004 15:49 quote: Originally posted by fozzy: Well I had BrokerageAmerica, but sadly, they too are getting swallowed up by Ameritrade. BA was great, I never had any problems and I'm sorry to see them go. Now I must choose between Freetrade and Ameritrade when the "takeover" is complete on February 13th. I was thinking about moving my funds to Freetrade since most people on here have positive things to say, but now I'm not so sure. I know ticker changes are few and far between, but Ameritrade seems to just be a hassle. Any other opinions? Delt, maybe you can let me know of your findings. btw, since Ameritrade is buying out BrokerageAmerica (the MM 'BAAM'), does that mean bye bye to BAAM as a MM as well? Or will he still remain? TIA! fozzy Fozzy, check back here tomorrow or sunday and I will let you know what I came up with. there has got to be some good brokerages out there. Currently, I am a little skeptical about free trade, but I only checked them out for a minuit a couple weeks ago. Anyhow, I will let you know where I will be transfering to. IP: Logged
ignorantbliss Member	posted February 06, 2004 15:50 I opened a Freetrade account on first try and transferred all assets from my Ameritrade account. Freetrade is a lot cheaper with the same interface and margin is automatic. The only difference is no phone support, only email. quote: Originally posted by nitroburn: just so you know it took me three tries to get margin for Ameritrade. IP: Logged
COOLORANGEFREEZE Member	posted February 06, 2004 15:50 Third time was a charm then for Ameritrade and a margin account? Interesting. I may need to try three times then. I'm happy with Ameritrade... I just need my margin account for more real gains when needed. We'll see. IP: Logged
nitroburn Member	posted February 06, 2004 15:50 If they raise the ask to .10 at the close I will buy so we can close there. IP: Logged
delt16 Member	posted February 06, 2004 15:52 quote: Originally posted by tigerontop: I wasnt set up for margin and went an enabled it and bam I got $5000(not with OTCBB) to play with. I wasnt expecting that. In account services click on settings and enable it. [This message has been edited by tigerontop (edited February 06, 2004).] Its too bad that you cant use this money to buy any NM stocks....including GZFX But if you are investing in marginable stocks.....it can be a great thing [This message has been edited by delt16 (edited February 06, 2004).] IP: Logged
BetNitAll Member	posted February 06, 2004 15:52 WARNING....if you don't fully understand how margin works, then don't use it. I don't think you can use it on OTCBB stocks anyways, atleast not with Ameritrade. I have Margin, but only so I don't have to wait three days for my sells to clear. I never trade with margin money. With a margin account, the broker can sell your shares at any time, usually when your atock is down, to recover his money. Then you lost money on a sale, and you still owe margin. Read up on it if you are going ot use it. [This message has been edited by BetNitAll (edited February 06, 2004).] IP: Logged
tigerontop Member	posted February 06, 2004 15:53 Man I wish my first investment would have been that young. If I bought 10000 of MSFT when I was 16, I wouldnt be here for sure. Congradulations! Thanks for all the work he has provided. quote: Originally posted by john19623: Hey all! I see my son Johnny5 has been helping out around here! He's excited that his 10,000 shares has almost tripled! Not bad for his first investment! IP: Logged
COOLORANGEFREEZE Member	posted February 06, 2004 15:53 Freetrade is sounding real cozy right now. It's a great option by the sound of it. IP: Logged
ignorantbliss Member	posted February 06, 2004 15:54 True, I will never use margin and you're right. You cannot use margin on any OTC stocks, including BB and Pinkies. I use it for the immediate turnaround. quote: Originally posted by BetNitAll: WARNING....if you don't fully understand how margin works, then don't use it. I don't think you can use it on OTCBB stocks anyways, atleast not with Ameritrade. I have Margin, but only so I don't have to wait three days for my sells to clear. With a margin account, the broker can sell your shares at any time, usually when your atock is down, to recover his money. Then you lost money on a sale, and you still owe margin. Read up on it if you are going ot use it. IP: Logged
COOLORANGEFREEZE Member	posted February 06, 2004 15:56 I would only use my cash, as some others do. Margin is for folks with steel balls and a sure thing. Maybe I would use it when I'm a veteran of this. Not now quote: Originally posted by BetNitAll: WARNING....if you don't fully understand how margin works, then don't use it. I don't think you can use it on OTCBB stocks anyways, atleast not with Ameritrade. I have Margin, but only so I don't have to wait three days for my sells to clear. I never trade with margin money. With a margin account, the broker can sell your shares at any time, usually when your atock is down, to recover his money. Then you lost money on a sale, and you still owe margin. Read up on it if you are going ot use it. [This message has been edited by BetNitAll (edited February 06, 2004).] IP: Logged
scorpionet67 Member	posted February 06, 2004 15:56 here we go IP: Logged
ignorantbliss Member	posted February 06, 2004 15:56 First 20 trades per month are free. Every month!! 21-50 cost $3 51-100 cost $2 101+ cost $1 Can't beat it with a stick and the interface is exactly like Ameritrade. quote: Originally posted by COOLORANGEFREEZE: Freetrade is sounding real cozy right now. It's a great option by the sound of it. IP: Logged
BetNitAll Member	posted February 06, 2004 15:56 someone just bought 400,000 shares IP: Logged
Brada777 Member	posted February 06, 2004 15:56 403,500 @ .10 15:56.11 ---sweet! IP: Logged
ignorantbliss Member	posted February 06, 2004 15:57 That's nice 1 quote: Originally posted by Brada777: 403,500 @ .10 15:56.11 ---sweet! ------------------ LATE FEES SUCK! IP: Logged
ct1074 Member	posted February 06, 2004 15:57 400k buy @ .10! wow! IP: Logged
COOLORANGEFREEZE Member	posted February 06, 2004 15:58 Off to work! Enjoy the ride! IP: Logged
Brada777 Member	posted February 06, 2004 16:00 yeah baby .10 15:59.35<------ Close to .10 hello new board!! IP: Logged
Jack Frost Member	posted February 06, 2004 16:00 Looks like we got our close at .10 IP: Logged
scorpionet67 Member	posted February 06, 2004 16:01 LOLLLL!! quote: Originally posted by Brada777: yeah baby .10 15:59.35<------ Close to .10 hello new board!! IP: Logged
ignorantbliss Member	posted February 06, 2004 16:01 I think we should leave the board right here. There's a lot more action on the under .10 board. quote: Originally posted by Brada777: yeah baby .10 15:59.35<------ Close to .10 hello new board!! IP: Logged
Drethar2 Member	posted February 06, 2004 16:01 Welp...it loks liek were gonna need to make a new board for allstocks...."Stocks equal to .10" LOL IP: Logged
nitroburn Member	posted February 06, 2004 16:02 WTF does this mean? I just tried to buy and I got this from Ameritrade: Error! Your order was not accepted. Funds are not available for this transaction of a non-marginable security. I've never seen this. IP: Logged
budme Member	posted February 06, 2004 16:03 plus we don't know if it's going to stay above .10 not to jinx it or anything. i say keep here untile we've been trading above .10 for a while and build a stable base and support above it. just a thought quote: Originally posted by ignorantbliss: I think we should leave the board right here. There's a lot more action on the under .10 board. IP: Logged
delt16 Member	posted February 06, 2004 16:04 Using margin money can help you get serious gains. I originally signed up for a margin account so I wouldn't have the 3 day wait. But now, I often use their money for daytrading purposes. I would not use their money for a long position. The longest I have used their money was for about 2 weeks. I had 1000 shares of BRCM, so I used the margin to double up to 2000. This was @ 15.00 last summer.....I wish I still those shares!!!! IP: Logged
sopclod Member	posted February 06, 2004 16:04 quote: Originally posted by tigerontop: Man I wish my first investment would have been that young. If I bought 10000 of MSFT when I was 16, I wouldnt be here for sure. Congradulations! Thanks for all the work he has provided. Yeah, but one of the reasons we're all here doing this now is because it's so damn easy (and cheap!). Nice close today, good first day for GZFX. IP: Logged
ignorantbliss Member	posted February 06, 2004 16:04 It's because you have a margin account and tried to buy more than the ammount of cash you have. OTCBB stocks are non-marginable. Either that or your account is screwed up like mine was earlier. quote: Originally posted by nitroburn: WTF does this mean? I just tried to buy and I got this from Ameritrade: Error! Your order was not accepted. Funds are not available for this transaction of a non-marginable security. I've never seen this. IP: Logged
Schnauzer Member	posted February 06, 2004 16:05 $12.95 quote: Originally posted by Marcidius: What do you pay per trade with MyTrack?? And yes Johnny, we NEED some T-shirts to be made because that would be probably the most awesome advertising for us at this level. I mean think about it, walking around campus this Spring with a GameZNFlix "Late Fees Suck!" T-shirt...holy attention getter... IP: Logged
nitroburn Member	posted February 06, 2004 16:06 No I have a cash balnce of $550 and I tried to buy 5000 shares at .10 = $500 This wasn't a margin purchase. I guess mine is screwed too. [This message has been edited by nitroburn (edited February 06, 2004).] IP: Logged
delt16 Member	posted February 06, 2004 16:06 quote: Originally posted by nitroburn: WTF does this mean? I just tried to buy and I got this from Ameritrade: Error! Your order was not accepted. Funds are not available for this transaction of a non-marginable security. I've never seen this. You cant use their money for a non marginal stock. IP: Logged
ignorantbliss Member	posted February 06, 2004 16:09 I had that problem earlier. I had over $1000 cash in my account along with 600,000 shares of GZFX. However, I couldn't use my cash. It had something to do with the symbol change that caused my PGHI postion to be worth $0. I think it's an automatic thing to make sure my shares were covered? Either way, I was pissed cause I couldn't use my money. quote: Originally posted by nitroburn: No I have a cash balnce of $550 and I tried to buy 5000 shares at .10 = $500 I guess mine is screwed too. IP: Logged
Mac the Knife Member	posted February 06, 2004 16:16 Hey Nitro, Did you just put some cash in your account recently. I put some in Tuesday and have to wait 5 business days until I can use it. I have a margin account also and tried to buy more gzfx today and I got the same message you did. My order didn't exceed the amount of cash in my acct either. Mac IP: Logged
Jesse K Member	posted February 06, 2004 16:16 I also had that problem with Ameritrade... I think the reason is your check wasnt cleared yet. You can only use the money to buy margine stocks. When your check is fully cleared then you should be able to buy. Just my guess... IP: Logged
nitroburn Member	posted February 06, 2004 16:20 No I didn't deposit the money, but I sold a position two days ago. It must have to do with the symbol change. Usually I can sell a buy right away with the same money. [This message has been edited by nitroburn (edited February 06, 2004).] IP: Logged
drwright68 Member	posted February 06, 2004 16:25 i bought a little more today with scottrade. quote: Originally posted by ignorantbliss: I had that problem earlier. I had over $1000 cash in my account along with 600,000 shares of GZFX. However, I couldn't use my cash. It had something to do with the symbol change that caused my PGHI postion to be worth $0. I think it's an automatic thing to make sure my shares were covered? Either way, I was pissed cause I couldn't use my money. IP: Logged
Marcidius Member	posted February 06, 2004 16:25 OT: Ok, people here with Freetrade, I read on their site that you are supposed to have 2 years experience with a discount online broker to be eligible, and of course $5,000 initial balance. Is the 2 years experience thing true, or are they lenient with that??? I was so looking foward to going over to Freetrades after I make enough cash but I don't have CLOSE to 2 years experience with my broker, or any broker nonetheless. Somebody please fill me in on this...hehe IP: Logged
nitroburn Member	posted February 06, 2004 16:31 I just spoke to Ameritrade and they said that for some reason the cash is restricted, and it will all correct itself on Monday when they update their system. He said I could have placed it on the phone. So everything should be good for Ameritrade on Monday. IP: Logged
ws_bbl Member	posted February 06, 2004 16:31 Are you laughing at us, Ameritraders dr? LOL quote: Originally posted by drwright68: i bought a little more today with scottrade. IP: Logged
cabbage22 Member	posted February 06, 2004 16:52 Do you have to pay for streamer, L2, and streaming news? quote: Originally posted by ignorantbliss: First 20 trades per month are free. Every month!! 21-50 cost $3 51-100 cost $2 101+ cost $1 Can't beat it with a stick and the interface is exactly like Ameritrade. IP: Logged
chrissy_a Member	posted February 06, 2004 17:47 Hi Delt, I use etrade and there was no problem what so ever today.Evem had a message telling me they that the ticker changed.Only problem with Etrade is the 3 day settlement rule when you sell ;-( Chrissy quote: Originally posted by delt16: Can everyone here list their brokerages and if they are able to trade GZFX?? I am going to call Ameritrade with the list of online brokerages that are taking care of business and their customers by trading GZFX. IP: Logged
budme Member	posted February 06, 2004 17:51 chrissy, the 3 day settlement rule is an SEC regulation on cash accounts. you're screwed no matter who you use. it is a bummer quote: Originally posted by chrissy_a: Hi Delt, I use etrade and there was no problem what so ever today.Evem had a message telling me they that the ticker changed.Only problem with Etrade is the 3 day settlement rule when you sell ;-( Chrissy IP: Logged
Mac the Knife Member	posted February 06, 2004 17:56 that is why you get a margin account. you can then get around the SEC rule. you just don't use the margin. it's that simple IP: Logged
Marcidius Member	posted February 06, 2004 17:58 quote: Originally posted by budme: chrissy, the 3 day settlement rule is an SEC regulation on cash accounts. you're screwed no matter who you use. it is a bummer Not true, don't mean to be blunt. Lowtrades: Buy and sell same stock - same day - Will have the money the following morning. Buy a stock and sell it a day or more later - will have the money instantly. No 3 day settlement here... IP: Logged
akabob Member	posted February 06, 2004 18:04 i hate to be a pest, becasue at least we are not fighting, but maybe we need a new thread about who to broker with and use this for gzfx. i am learning quite a bit frm this conversation. i hate to ask this question, but this and rb is the only board to get a discussion about gzfx. rb is horrible. maybe getting on other boards such as this and getting more investor or customers. again, hate to ask when i am on this board, but can anyone help. IP: Logged
chrissy_a Member	posted February 06, 2004 18:07 Budme, So your saying no matter what broker I go to I will still experience the 3 day rule ? If yes , how can people daytrade a penny stock ? I know margin isnt allowed. Is it a case if you sell a stock but you have cash in your account already can you rebuy that same stock same day ? Sorry for the questions im trying to find a new broker aswell so I can do some day trading.Etrade is $23 a trade quote: Originally posted by budme: chrissy, the 3 day settlement rule is an SEC regulation on cash accounts. you're screwed no matter who you use. it is a bummer IP: Logged
budme Member	posted February 06, 2004 18:19 yes very true. i was just assuming she was using a cash account. quote: Originally posted by Mac the Knife: that is why you get a margin account. you can then get around the SEC rule. you just don't use the margin. it's that simple chrissy, maybe you should consider qualifying for a margin account. IP: Logged
budme Member	posted February 06, 2004 18:24 Maybe there's an exception I don't know about because I have talked with many online brokers and all tell me the 3 day settlement applies to cash accounts. I'll check it out. and chrissy, I don't know for sure if there is any SEC regulation against trading pennies in a margin account. I always assumed it was popular practice among brokers because of the high risk involved. again, these are things im definitely going to look into. quote: Originally posted by Marcidius: Not true, don't mean to be blunt. Lowtrades: Buy and sell same stock - same day - Will have the money the following morning. Buy a stock and sell it a day or more later - will have the money instantly. No 3 day settlement here... IP: Logged

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