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Author Topic: CYTP IS A HOT PICK! READ ON!
machtabow2
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I hope you're right. Im not one for betting. I usually pull our and wait for the trend to be confirmed... If it should surge upward.. I just wait for a pullback... If it should sell of... well... I just wait for it to bottom... I love cytp... and would like it to go to the moon. You just need to be cautious. If you've already made 100% you can afford to be. We're talking about real money here. mach

quote:
Originally posted by Bhodisatva19:
whenever ADOT did this it meant the beginning of a big run. It can go either way.


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Stock_student
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macht does it mean we should be ready to sell tomorrow or stay patience and wait few more days?? what do you think its gonna go at the end of the week? is it worth waiting till then>? your advice and opinion please thanks in advance.

quote:
Originally posted by machtabow2:
Maybe im totally wrong guys... and I love the enthusiasm... but what I've experienced in the past is that when there is an equal tug between the bulls and the bears at the top of a move... it signals a reverse of a short term trend... At the end of the day... you will likely see a flat candlestick that looks like a cross with a long top and bottom. The day will likely close flat. To my many friends on the board that I've encouraged to make gains... I'm simply saying be cautious... mach


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Cugini99
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mach whats ur current share holding to date today?
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machtabow2
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Stock Student... I don't want to tell you entry points... but these days scare me after big moves... a quick drop is likely in the morning... if everyone choses to sell at the same time.... I protect my investment by locking in gains the evening before and then watch for direction in the morning... with patience. It's difficult to determine sometimes if a run will continue or profit taking will occur... I let the market confirm it for me.

mach

quote:
Originally posted by Stock_student:
macht does it mean we should be ready to sell tomorrow or stay patience and wait few more days?? what do you think its gonna go at the end of the week? is it worth waiting till then>? your advice and opinion please thanks in advance.



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Bhodisatva19
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doh, but look at the size of the trades that went through to bring it down. I saw a lot of 5000-10000 share trades. I hate MM's.

bhodi


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machtabow2
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Bhodi, You might be right... It's a tough call. Nothing wrong with caution. mach

quote:
Originally posted by Bhodisatva19:
doh, but look at the size of the trades that went through to bring it down. I saw a lot of 5000-10000 share trades. I hate MM's.

bhodi



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skatchmo
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so, what do you all think this is going to do tomorrow? I hate the fact that I have no margin account set up with Ameritrade, so my money is held for three days on each buy I make. My money sell or not won't be available till thursday. I would have sold close to .012 to .013 area, but fear that I wouldn't be able to buy in when it reverses led me not to. Just another beginners mistake. At least I recognized the right thing to do at the time. If this is going to be up at all tomorrow, I'll stay in, but right now I have no idea where the bottom of the consolodation might be. Do you all think its at .009? or is it lower? thanks.
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skatchmo
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is it level three that shows you the individual trades that the market makers make? Just wondering about that.
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U4TSAF2
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700+ POSTS AND THE LAST 15 ARE AMAZING.... AND WHO ARE THE FIRST TO COMPLAIN ABOUT THOSE PUMPERS AND DUMPERS???

THIS STOCK HAS GONE UP AND DOWN ALL DAY. JUST AFTER MY ORDER WAS FILLED AND WAS THE LARGEST OF THE DAY, THE STOCK DROPPED FROM .0128 TO .011 WITHIN 10 SECONDS. PLUS THE DAY JUST ENDED FOR US AT 16% UP. UH HELLO, THE STOCK JUST ENDED 16% UP FOR THE DAY.....

I GOT JUST UNDER 4 MIL SHARES TODAY AND I'M DOWN 30% WHICH EQUALS ABOUT $15,000.

I'M SITTIN TIGHT AND I'M SO VERY CONFIDENT IN THIS STOCK THAT WHEN I MAKE MY USUAL 30%, I'M OUT. SO I GOT MY LIMIT ORDER IN AT .017 AND I'M SITTING. AND THEN WHEN IT HITS .025 LIKE FOR BOHDI, I'LL BE SINGING THE BLUES BUT I'LL STILL NEVER LOOK BACK AT .017 AND MY MEASLY 30%.

SO ALL OF YOU WHO GOT IN AT .0055 AND MADE 100% ON YOUR CASH, I REALLY FEEL BAD FOR THOSE OF YOU WHO LOST THAT EXTRA 30% +/- TODAY..


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machtabow2
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I recommended buying below .004 several weeks ago. Further I do believe it will continue upward long term. Finally, there will be many days up and down from here... and my prediction for CYTP is minimum .04 in the near future. This long term prediction has nothing to do with short term/ day by day moves. mach

quote:
Originally posted by U4TSAF2:
700+ POSTS AND THE LAST 15 ARE AMAZING.... AND WHO ARE THE FIRST TO COMPLAIN ABOUT THOSE PUMPERS AND DUMPERS???

THIS STOCK HAS GONE UP AND DOWN ALL DAY. JUST AFTER MY ORDER WAS FILLED AND WAS THE LARGEST OF THE DAY, THE STOCK DROPPED FROM .0128 TO .011 WITHIN 10 SECONDS. PLUS THE DAY JUST ENDED FOR US AT 16% UP. UH HELLO, THE STOCK JUST ENDED 16% UP FOR THE DAY.....

I GOT JUST UNDER 4 MIL SHARES TODAY AND I'M DOWN 30% WHICH EQUALS ABOUT $15,000.

I'M SITTIN TIGHT AND I'M SO VERY CONFIDENT IN THIS STOCK THAT WHEN I MAKE MY USUAL 30%, I'M OUT. SO I GOT MY LIMIT ORDER IN AT .017 AND I'M SITTING. AND THEN WHEN IT HITS .025 LIKE FOR BOHDI, I'LL BE SINGING THE BLUES BUT I'LL STILL NEVER LOOK BACK AT .017 AND MY MEASLY 30%.

SO ALL OF YOU WHO GOT IN AT .0055 AND MADE 100% ON YOUR CASH, I REALLY FEEL BAD FOR THOSE OF YOU WHO LOST THAT EXTRA 30% +/- TODAY..



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skatchmo
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I hear ya, we shouldn't take big gains for granted. Not remembering where you bought in can cause you to hold on to a stock too long, and regret it. Its the same mindset that can take over in a Casino. And while gambling to some extent, we're not here to blindly let the numbers determine our fate, and should keep in mind our goals. I should have been out at .012. But I'm not, and I feel like we're near the bottom, does anyone have a good idea as to where the true bottom will be formed? The only possibility I see is .007. I hope not though. I'm in for the long term now, I would have sold and bought back in if it weren't for the Ameritrade thing I posted earlier, but such is life.
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skatchmo
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quote:
Originally posted by machtabow2:
I recommended buying below .004 several weeks ago. Further I do believe it will continue upward long term. Finally, there will be many days up and down from here... and my prediction for CYTP is minimum .04 in the near future. This long term prediction has nothing to do with short term/ day by day moves. mach


Mach: What kind of time frame do you mean when you say short term? And long term for that matter. Thanks


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U4TSAF2
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WHEN USING YOUR AMERI-TRADE, DO YOU MEAN TO SAY THAT ONCE YOU SELL, YOU CAN NOT TOUCH YOUR MONEY UNTIL SETTLEMENT WHICH IS 3-5 BUSINESS DAYS? SO YOUR STUCK "TRADELESS" UNTIL SETTLEMENT?

IF SO:

DOES E-TRADE DO THE SAME?

I'M USING PENNTRADE WHICH IS $29.95/TRADE BUT NO WAITING FOR SETTLEMENT.

PLEASE PLEASE PLEASE ADVISE SINCE I'M THINKING OF MOVING FROM PENNTRADE TO AMERITRADE SINCE IT'S 10.99/TRADE.

HOW ABOUT E-TRADE???


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justplayin
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Anybody get the feeling that the people who did not secure profits yesterday did so today? IMHO I think people were watching today for a big run and it did not happen, so.....

I think we still have a winner yet and have not found the top yet. The MM's could use this as a further shakeout.

Thoughts???


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machtabow2
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Skatchmo... referring to the fact that a stock will not climb up from .004 to .04 overnight... There will be up and down days... Long Term Trend is up... Even if there is one or two or so days of profit taking... Long Term meaning weeks or months... Short Term meaning Days... mach

quote:
Originally posted by skatchmo:
Mach: What kind of time frame do you mean when you say short term? And long term for that matter. Thanks


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skatchmo
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quote:
Originally posted by U4TSAF2:
WHEN USING YOUR AMERI-TRADE, DO YOU MEAN TO SAY THAT ONCE YOU SELL, YOU CAN NOT TOUCH YOUR MONEY UNTIL SETTLEMENT WHICH IS 3-5 BUSINESS DAYS? SO YOUR STUCK "TRADELESS" UNTIL SETTLEMENT?

IF SO:

DOES E-TRADE DO THE SAME?

I'M USING PENNTRADE WHICH IS $29.95/TRADE BUT NO WAITING FOR SETTLEMENT.

PLEASE PLEASE PLEASE ADVISE SINCE I'M THINKING OF MOVING FROM PENNTRADE TO AMERITRADE SINCE IT'S 10.99/TRADE.

HOW ABOUT E-TRADE???


Not sure what e trade will do, but I'm in the process of curing the hold problem. I'm opening up the margin acct. option on my ameritrade account, this will make my money immedaitely able to be re invested. So if you switch to ameritrade, just open the margin acct. You'll have the best of both worlds.


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zo
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Hey guys--->the after hour trades:

After Hours Trading
10/21/2003 4:15:00 PM
Last: 0.0119
Change: +0.0021
Volume: 5,885,000


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skatchmo
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quote:
Originally posted by zo:
Hey guys--->the after hour trades:

After Hours Trading
10/21/2003 4:15:00 PM
Last: 0.0119
Change: +0.0021
Volume: 5,885,000


yeah, what does all this signify for tomorrow? thanks.


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zo
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After hours people are buying...My guess is that it will have an early gain in the morning...followed by a flat line, unless a breakthrough happens and it goes up for more gains...
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Kevin Bailey
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If you buy and sell on the same day, E-Trade freezes your money until the trade settles. Usually after only a day or so. I usually do 2-5 day swing trades, though, so it doesn't affect me.

Kevin

quote:
Originally posted by skatchmo:
Not sure what e trade will do, but I'm in the process of curing the hold problem. I'm opening up the margin acct. option on my ameritrade account, this will make my money immedaitely able to be re invested. So if you switch to ameritrade, just open the margin acct. You'll have the best of both worlds.

------------------
"I do not feel obliged to believe that the same God who has endowed us with sense, reason, and intellect has intended us to forgo their use."
- Galileo Galilei


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machtabow2
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Remember with a margin account you must maintain $25,000 or they will require that you meet that minimum account value (if you are recognized as a pattern day trader) which by SEC rules is that you make 3 or more trades within a four trading day period.

mach

quote:
Originally posted by kevinbailey:
If you buy and sell on the same day, E-Trade freezes your money until the trade settles. Usually after only a day or so. I usually do 2-5 day swing trades, though, so it doesn't affect me.

Kevin



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PSU90
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quote:
Originally posted by machtabow2:
Remember with a margin account you must maintain $25,000 or they will require that you meet that minimum account value (if you are recognized as a pattern day trader) which by SEC rules is that you make 3 or more trades within a four trading day period.

mach


Following up what Mach stated with the information straight from Ameritrade:


Effective September 28, 2001, the NASD enacted changes to day-trading margin requirements, which may affect your account.

The NASD provides that a pattern day trader is any account that executes four or more round-trip day trades within any rolling five-business-day period, provided the number of day trades represents at least 6% of the total trading activity during the same five-business-day period. Day trading is the practice of purchasing and selling, or short selling and purchasing to cover, the same security in the same trading day within a margin account.

If activity in your account is classified as "pattern day trading," you may be subject to the following restrictions:

Minimum Equity Requirement ? A pattern day trader's account must maintain a minimum equity of $25,000 at the start of any day in which day trading occurs. Pattern day-trader accounts that fall below the $25,000 minimum equity requirement should consider limiting day-trading activities to cash-only transactions until the minimum equity amount is reached in order to avoid a day-trading buying power call.

Day-Trading Buying Power ? Day-trading buying power is equal to the equity in your account at the close of business the previous day, less the Self-Regulatory Organization (SRO) requirements, multiplied by up to four. Accounts that are engaged in day-trading activities should consider being limited to day-trading buying power.

Day-Trading Minimum Equity Call ? If your account has less than $25,000 equity and is identified as a pattern day-trading account, a day-trading minimum equity call will be issued. Pattern day-trader accounts that fall below the $25,000 minimum equity requirement should consider limiting day-trading activities to cash-only transactions until the minimum equity amount is reached in order to avoid a day-trading buying power call. Funds deposited in an account to satisfy a day-trading minimum equity call are subject to our 10-business-day hold policy with the exception of wires, which must remain in the account for two business days.

Day-Trading Buying Power Call ? If your account meets the minimum equity requirements for day trading and exceeds the day-trading buying power at any time throughout the day, a day-trading buying power call is issued. Once a day-trading buying power call is issued, the day-trading buying power is restricted to two times SRO excess for five business days unless the call is met earlier. If the day-trading buying power call is not met within five business days, the account will be permitted to execute transactions only on a cash-available basis for 90 days, or until the call is met. Multiple day-trading buying power violations may result in a restriction limiting transactions to a cash-available basis as well. Day-trading calls can only be met by depositing cash or fully paid-for securities, by selling non-marginable securities, or selling long options held in the account. Funds deposited in an account to satisfy a day-trading buying power call are subject to our 10-business-day hold policy with the exception of wires, which must remain in the account for two business days.

Regulation T Restricted accounts - Pattern day trader accounts that are under a Regulation T restriction will have their day trading buying power limited in the following manner:
* If the account meets the $25,000 minimum equity requirement, they will receive the lesser of SMA times two or SRO excess times four. Closing day trade transactions will still replenish day trading buying power.
* If the account does not meet the $25,000 equity requirement, it will receive the lesser of SMA times two or SRO excess times two. Closing transactions will not replenish day trading buying power.

Additional restrictions may apply. For more information, please refer to the Margin Handbook. If you have specific questions about how these rules may affect you, please e-mail us at: clientservices@ameritrade.com. You may also view the rules on the NASD Regulation Web site.


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FiftyCent
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so basically if you use a cash account you can do roundtrip trades everyday and you won't be considered a daytrader. But if you use a margin account you must abided by the three day roundtrip trade rule?
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denjohn1000
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Guys,
Please take a look at the ISYN post I created. I could use some more thoughts on this one.

Thanks


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U4TSAF2
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I LIKE THE OPINION OF ZO ABOUT 1/6 WAY ON DOWN ON NO. 14 REGARDING THE MM AFTER HOURS TRADING WHERE THEY ARE BUYING UP.

THE QUESTION REMAINS, HOW HIGH WILL IT SURGE....

WELL WE CAN BEAT THIS ALL DAY LONG BUT BEFORE 9:45AM; WE CAN SPECULATE ALL WE WANT.

JUST TO CONFIRM AS WE ALL WATCHED.... WHAT AN ABSOLUTE WEIRD DAY TRADING ON THIS STOCK.

I WILL SAY ONE ABSOLUTE FINAL TIME....

THE STOCK CLOSED 16% UP AT 4:00PM TODAY...

16% CLOSE TODAY ON TOP OF WHAT MOST OF YOU GOT IN ON AT .0044-.0055

BHODI, YOU SEEM TO BE IN A PART PANIC YOURSELF.... JUST SIT THIS OUT; REMEMBER YOUR HOLDOUT TILL .25???? I STILL SAY YOUR A SAFE BET THAT WAY. FOR ME, I USUALLY JUST DUMP OUT AT 30% REGARDLESS... I'VE HAD MANY STOCKS, MOST RECENTLY AFRR GO UP 175% BUT I DUMPED AT 30% AND I'M QUITE HAPPY....

THEN AGAIN, MY 30% RULE SAVES ME ALOT OF PANIC AND AGGRAVATION YOU SEE WITH ALOT OF PEOPLE ON THIS BOARD TODAY.... EVEN WHEN THIS STOCK IS UP 16% TODAY... <-----OOPS, SAID I WOULDN'T MENTION THAT AGAIN!


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bugsy0704
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hey mach would u recomend buying this stock at today's close or would u say look around for something else? i have some money burning a hole in my pocket and all the hype about this stock makes me wonder
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pizzaboy
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Sold all mine today @ .011...you won't catch me standing when the music stops...I'm laughing all the way to the bank!
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machtabow2
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Here's my current recommendation. I'm looking for 100% gain from current levels.
http://www.allstocks.com/stockmessageboard/ubb/Forum8/HTML/001554.html

Regards

quote:
Originally posted by bugsy0704:
hey mach would u recomend buying this stock at today's close or would u say look around for something else? i have some money burning a hole in my pocket and all the hype about this stock makes me wonder


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Love the Market
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Skatch -

You can apply right on line for a margin account with Ameritrade - and it's FREE. I think I was approved almost overnight - maybe a day. Then they won't hold your sell money 3 days on otc's anymore!

Hope this helps,
Steve

quote:
Originally posted by skatchmo:
so, what do you all think this is going to do tomorrow? I hate the fact that I have no margin account set up with Ameritrade, so my money is held for three days on each buy I make. My money sell or not won't be available till thursday. I would have sold close to .012 to .013 area, but fear that I wouldn't be able to buy in when it reverses led me not to. Just another beginners mistake. At least I recognized the right thing to do at the time. If this is going to be up at all tomorrow, I'll stay in, but right now I have no idea where the bottom of the consolodation might be. Do you all think its at .009? or is it lower? thanks.


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machtabow2
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Yes. Correct. It's tricky. They'd rather you had a margin. But then will literally make you maintain $25,000 in your account if you are tagged a day trader. For some... no big deal... But if you are just starting with little cash... It's better to maintain a cash account. Mach

quote:
Originally posted by FiftyCent:
so basically if you use a cash account you can do roundtrip trades everyday and you won't be considered a daytrader. But if you use a margin account you must abided by the three day roundtrip trade rule?


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zo
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GUys i don't want to send the wrong messege out there...I don't know how realible this website is...Actually to my knowledge, they seem to catch up to the stocks after they have made their runs...But today they did post a HOLD for CYTP...After the market closed...Early on they had posted a BUY...So something to think about...OK to my meeting i go...Hope that helps rather then make things more complicated...zo...

http://www.americanbulls.com/StockPage.asp?CompanyTicker=CYTP%20%20%20%20%20%20%20&MarketTicker=OTC%20%20%20%20%20%20%20&TYP=S[/URL]

[This message has been edited by zo (edited October 21, 2003).]


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rbgrahamii
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quote:
Originally posted by U4TSAF2:
WHEN USING YOUR AMERI-TRADE, DO YOU MEAN TO SAY THAT ONCE YOU SELL, YOU CAN NOT TOUCH YOUR MONEY UNTIL SETTLEMENT WHICH IS 3-5 BUSINESS DAYS? SO YOUR STUCK "TRADELESS" UNTIL SETTLEMENT?

IF SO:

DOES E-TRADE DO THE SAME?

I'M USING PENNTRADE WHICH IS $29.95/TRADE BUT NO WAITING FOR SETTLEMENT.

PLEASE PLEASE PLEASE ADVISE SINCE I'M THINKING OF MOVING FROM PENNTRADE TO AMERITRADE SINCE IT'S 10.99/TRADE.

HOW ABOUT E-TRADE???


Low Trades is $5.00, period. You sell, your cash is immediately available. Trailing stops not available on penny stocks. But, at least they have trailing stops for the grown-up stuff. Give them a look: www.lowtrades.com


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Kevin Bailey
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When AmericanBull says "hold" that means "sell."

Kevin

quote:
Originally posted by zo:
GUys i don't want to send the wrong messege out there...I don't know how realible this website is...Actually to my knowledge, they seem to catch up to the stocks after they have made their runs...But today they did post a HOLD for CYTP...After the market closed...Early on they had posted a BUY...So something to think about...OK to my meeting i go...Hope that helps rather then make things more complicated...zo...

]http://www.americanbulls.com/StockPage.asp ?CompanyTicker=CYTP%20%20%20%20%20%20%20&MarketTicker=OTC%20%20%20%20%20%20%20&TYP=S[/URL]


[This message has been edited by zo (edited October 21, 2003).]


------------------
"I do not feel obliged to believe that the same God who has endowed us with sense, reason, and intellect has intended us to forgo their use."
- Galileo Galilei


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rbgrahamii
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quote:
Originally posted by machtabow2:
Remember with a margin account you must maintain $25,000 or they will require that you meet that minimum account value (if you are recognized as a pattern day trader) which by SEC rules is that you make 3 or more trades within a four trading day period.

mach


Your heart's in the right place, but your facts are a bit off. Different brokers have different margin requirements. Usually, it's $2000.00. That is to say, you can open a cash account for any amount ($500, $1000, etc), but if you want to buy on margin, usually $2000 or 2500 is the min. Playing with penny stocks, because of their volatility, may, on occasion, require more margin. Day Trading rules, however, are most clearly defined. If you are designated as a Day-Trader, you must maintain a $25K minimum cash account. But, Day-Trading is defined as CONSISTENTLY buying and selling the same stocks, at least four different stocks, within the same day. Stops don't count. If you buy four stocks, put stops on them and are stopped out, you are not day trading. Hope this helps RB


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machtabow2
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Thanks for clarification. That was to the best of my memory. mach

quote:
Originally posted by rbgrahamii:
Your heart's in the right place, but your facts are a bit off. Different brokers have different margin requirements. Usually, it's $2000.00. That is to say, you can open a cash account for any amount ($500, $1000, etc), but if you want to buy on margin, usually $2000 or 2500 is the min. Playing with penny stocks, because of their volatility, may, on occasion, require more margin. Day Trading rules, however, are most clearly defined. If you are designated as a Day-Trader, you must maintain a $25K minimum cash account. But, Day-Trading is defined as CONSISTENTLY buying and selling the same stocks, at least four different stocks, within the same day. Stops don't count. If you buy four stocks, put stops on them and are stopped out, you are not day trading. Hope this helps RB


Posts: 2695 | From: orlando | Registered: Sep 2003  |  IP: Logged | Report this post to a Moderator
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