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I have Scottrade. I guess we will be able to trade them when they a placed on our main page. Is that correct? Posts: 61 | Registered: Apr 2006
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I am looking through NASD rules and can't find one on payment due on a divy. There is only one time that the payment has gone longer than 2 days after the ex-date that I have seen and that was for the GVRP fiasco which people with Ameritrade got them right away and people with Scottrade had to wait almost a month. Some brokers were issuing GVRP divy shares (without waiting DTCC notice) and some brokers were not (waiting for DTCC notice).
Posts: 507 | From: Rochester, NY | Registered: May 2005
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quote:Originally posted by Derrick: I have Scottrade. I guess we will be able to trade them when they a placed on our main page. Is that correct?
That's correct - Scottrade will not tell you whether the numbers in Gainskeeper are correct or not if you were to call them up. Gainskeeper is just a tracking tool that they will not acknowledge is correct. I have found that Gainskeeper tells the true story and have never found it to be wrong - Scottrade will not admit that.
Posts: 507 | From: Rochester, NY | Registered: May 2005
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quote:Originally posted by JHenry: I am looking through NASD rules and can't find one on payment due on a divy. There is only one time that the payment has gone longer than 2 days after the ex-date that I have seen and that was for the GVRP fiasco which people with Ameritrade got them right away and people with Scottrade had to wait almost a month. Some brokers were issuing GVRP divy shares (without waiting DTCC notice) and some brokers were not (waiting for DTCC notice).
i made $12,000 from 400 on GVRP
Posts: 726 | From: Delta Quadrant, Borg Cube 01 | Registered: Dec 2005
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7 of 9: Don't get me started on that again - you suck (just kidding - that was a great play you made, just wish I could have had the same opportunity as you did). Do you have any divy shares of ILGY coming?
Posts: 507 | From: Rochester, NY | Registered: May 2005
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quote:Originally posted by JHenry: 7 of 9: Don't get me started on that again - you suck (just kidding - that was a great play you made, just wish I could have had the same opportunity as you did). Do you have any divy shares of ILGY coming?
nah, i took my twog profit and moved on.
too many "restricted" shares in my acct. already.
should have sold earlier....
i bought into TWOG at .0062 so there were profits to be made.
Posts: 726 | From: Delta Quadrant, Borg Cube 01 | Registered: Dec 2005
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------------------------------------------------ The Price of Our Addiction
By Jane Bryant Quinn Newsweek April 24, 2006 issue - The U.S. lives in an energy trap. We fell into it gladly, dug it deeper and sit fat and happy, with blinders on. We're fed daily meals of imported oil, from countries we pay in IOUs and think we can push around. But now we're starting to see the costs and risks of our dependency—and I don't only mean gasoline averaging $2.74 a gallon at the pump.
For years to come, we'll be in the hands of some of the most dysfunctional governments in the world. Oil prices will rise and economic growth will slow—not this year, but almost certainly a few years out. We'll be paying in both treasure and blood, as we fight and parley to keep ever-tighter supplies of world oil flowing our way.
What has changed in the world? We're running out of the capacity to produce surpluses of oil. Demand for crude is expected to rise much faster than new supplies. Developing nations, such as China and India, are glugging barrels at astounding rates. Meanwhile, most producer nations can't find enough new oil, or drill out more from their reserves, to replace what we're using up. Production from most of the large, older fields is in irreversible decline. About three years from now, the non-OPEC world will start pumping at slowly diminishing rates, says energy analyst Charles Maxwell of Weeden & Co. Most of the extra barrels needed to feed our economic growth will then have to come from OPEC nations—putting them in the driver's seat. Saudi Arabia is stepping up drilling and development, but the volatile market price suggests that it still won't have much capacity to spare. Within 10 or 15 years, it too may not pump enough to meet increased demand.
That puts the oil-dependent countries in a serious bind. We're all jockeying for control of oilfields, in a vast game that runs the risk of turning mean. China and Japan are running warships near disputed oil and natural-gas deposits in the East China Sea. China is doing deals in Sudan, Venezuela and Iran (our "bad guys"). Russia looks less friendly as we continue to invest in the oil countries around the Caspian Sea—Azerbaijan, Kazakhstan, Turkmenistan.
Nobody really knows how much oil there is. State-run companies don't disclose their true reserves. But clearly there's not enough to cover long supply disruptions, and that puts future economic development at increasing risk. "Terrorists have identified oil as the Achilles' heel of the West," says Gal Luft, head of the Institute for the Analysis of Global Security. The world market is losing maybe 1.5 million barrels a day to political sabotage. In February, the Saudis foiled an attack on one of their major oil installations. Had it succeeded, it could have been an "energy Pearl Harbor," Luft says. No one can foresee how world markets would respond if we attack Iran, but traders are clearly running scared (oil touched $70 a barrel last week).
This throws our Iraq wars into a different light. To an extent that most Americans don't yet understand, the U.S. military has become a "global oil-protection force," says Michael Klare, an expert on natural-resource wars and author of the book "Blood and Oil." President Jimmy Carter declared the free flow of oil from the Persian Gulf to be a vital U.S. interest, enforced at the point of a gun, if necessary. Today, we patrol tanker routes not only in the gulf, but in the Indian Ocean and South China Sea. Troops and advisers help protect pipelines in chaotic countries such as Colombia and the Republic of Georgia. We're planting military bases near oil supplies in Asia and Africa. Gulf War I was billed as a war to save Saudi oilfields from Saddam Hussein. Gulf War II was elevated to a "war against terror." But it's arguably still about oil—the Carter Doctrine reigns. One of the prizes in Iraq was to have been British and American access to its huge and unexploited oil reserves, Klare says.
Posts: 297 | From: Dallas | Registered: Feb 2006
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posted
I already made about $2000 on TWOG - the divy is just a bonus now. Thought I might end up breaking even when TWOG should have tanked after the divy, but it didn't.
Posts: 507 | From: Rochester, NY | Registered: May 2005
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quote:Originally posted by JHenry: I already made about $2000 on TWOG - the divy is just a bonus now. Thought I might end up breaking even when TWOG should have tanked after the divy, but it didn't.
twog didnt tank on ex-div day bcs. it didnt go up the day before. the pop was over buy then.
Posts: 726 | From: Delta Quadrant, Borg Cube 01 | Registered: Dec 2005
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EOD and I definately do not have any shares of ILGY in my etrade account. I sold all my TWOG shares in the PM of the 20th, but that shouldn't matter, eh?
Anyway, I'll be watching for them...if anybody else that has an etrade account gets them let the thread know, I'd be interested to see if I get mine as well.
Posts: 77 | From: DFW, TX | Registered: Mar 2006
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If you sold the 20th you should have the dividend. Maybe Etrade will show it on May 1st.
Posts: 297 | From: Dallas | Registered: Feb 2006
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I don't have mine today, but let's wait until may 1st...it may take a few days.
Derrick got his even though it's Scottrade, so I'm expecting them to come through, just a matter of when.
Posts: 77 | From: DFW, TX | Registered: Mar 2006
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posted
Shares should be here by now. I've played a lot of divy's and this is very unusual. They maybe holding off for the May 1st (their Pay Date) but I have never seen that happen before. 99% of all divy's I've played the shares would have been here by yesterday.
Posts: 507 | From: Rochester, NY | Registered: May 2005
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Does it really matter if you get them today or three days from now? They're restricted anyway, so they'll just be sitting there unable to be sold.
Posts: 77 | From: DFW, TX | Registered: Mar 2006
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OK, Etrade just told me they will be in the account on May 1st. Based on the shares held on the 20th. So there you have it...
Posts: 2063 | From: Europe | Registered: Feb 2006
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quote:Originally posted by Robbie English: OK, Etrade just told me they will be in the account on May 1st. Based on the shares held on the 20th. So there you have it...
posted
I don't have any notification of this...where did you see it and when (if) did you sell your shares of TWOG?
Posts: 77 | From: DFW, TX | Registered: Mar 2006
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quote:Originally posted by Brutus2600: I don't have any notification of this...where did you see it and when (if) did you sell your shares of TWOG?
If you sold on or after the 20th of April you get the divy. This has been confirmed by people already receiving it. Etrade confirmed with me on the telephone based on the number of shares I held on the 20th how many shares I would receive May 1st.
Posts: 2063 | From: Europe | Registered: Feb 2006
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Oh, so you called them, I thought they had sent out an email or something. Well I'll just wait then, like I said before, not like there's any rush to get the shares, hah
Posts: 77 | From: DFW, TX | Registered: Mar 2006
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