quote:Originally posted by jacotrader: I read some of the guys at Raging Bull that Corr said a while back, an R/S would be possible at around .01- .02..now you don't have to believe this, this is just somebody talking....I really hate that word
That's NOT what was said at all, the context (..as usual..) is all screweed up..!!!
Asked about an r/s, Bob said (+/-), "..he wouldn't even consider such a thing until the stock was 'over' 2 to 3 cents... And, the presumption was that the company had stabilized so a consolidation like the SPRU-SPRL r/m at 13:1 was a mathematical 1:1 non-event.
Don't let MFMMM-employed WWW "..r/s.." BULLSLINGERS try to rattle you with that kind of garbage. If you have a question, don't sputter. Pick up the dam* phone, call the HQ, and ask for yourself. The MFMMMs, Broker-Dealers and BS Flipper-Player-Meddlers pull this crap with every up-&-comer to trash the weak-knee'd newbies and steal their shares cheap.
quote:Originally posted by YellowSubmarine: Scottrade is a miserable penny broker.
I use TDWaterhouse ( who is merging with Ameritrade ) and they are great. If you have a Margin Account, you're in like Flynn for multiple trades in the same stock per day. I don't flip very much, but it's nice to know I can. I have a TD Waterhouse account too, but a cash account, do you need a specific balance for a margin account, i never looking into it. .
I have a TD Waterhouse account too, but a cash account. Do you need a certian balance to have a margin account, i never checked into it.
Posts: 114 | From: canada | Registered: Mar 2006
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I think there may be some minimum requirement, but I had enough in my account that the subject never came up when I added the Margin Trading capability. (..I do not use the 'Margin' to buy anything - just to permit me to flip something once in a great while..).
You will need to move all your Pennies into the Margin side of the account, so you don't get any funky Fed or House Margin Calls. They don't swap stock between your Cash and Margin sides to balance your account at night. You can get a giant "..UGLY GRAM.." from their trading 'confuser on occasion - but it's immediately fixable with a phone call.
TDW gives you a real time streamer, but it's kludgy with all the screens you have to keep open. FreeRealTime.com has a real good streaming quotes service that will keep you up to speed for $20/month or so.
Actually, between FRT Express's Time-&-Sales (by the click) and mafia.com RTQs, you're pretty well covered - for FREE. (The FRT Express upgrade has a one-time charge as I recall).
Well, we go back upwards today..in anticipation of Friday North American Press release. Also, lots of new things to be announced, such as they are going to start brewing Apple Rush, The California Brewery deal? as well as possible expansion into Europe.
Posts: 2063 | From: Europe | Registered: Feb 2006
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quote:Originally posted by K2snow: Jaco, what are you predictions for Thursdays session though?
I think its a slight up or down day, nothing serious because we are waiting to see the PR on Friday.
It will be interesting
IMO, a lot of flippers sold out yesterday...now we'll see new RSHNners buying and longs adding more. If a PR on brewery, new labels or cans; come out tomorrow, I'd say we're back at penny. I'm sure Christie Comm is aware of the PPS, let's see how good they are.
-------------------- GBAGL----God Bless and Good luck Posts: 686 | From: Nice and Warm Southbay, SoCal | Registered: Jul 2005
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I agree. That's how it has been for the past couple weeks. Thursday is green with the anticipation of the weekly Friday PR. I hope it's a good one!!!
quote:Originally posted by Robbie English: Well, we go back upwards today..in anticipation of Friday North American Press release. Also, lots of new things to be announced, such as they are going to start brewing Apple Rush, The California Brewery deal? as well as possible expansion into Europe.
I'm surprised the chartists aren't telling us what's going to happen here. Personally I think we have another down day because of the uncertainty. It takes time to put things in motion and these companies have a different timetable than we do. Traders get all upset when there's no pr, and when the company puts out 'fluff' we complain and the bashers have a ball. The incouraging thing to me is the knowledge that this is going to be a good stock for a long time.
-------------------- If you don't have instincts, get out. If you do; go with them. Posts: 262 | From: Florida | Registered: May 2005
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RSI is back down to near 70, we've hit .01 twice and came down to the 7's both times. Could be the formation of a double bottom chart? We've gotten rid of some of the old money (people who bought in at .0005, etc...) and have in new money, so we will have less profit taking when we hit .01 again. Consolidation is a good thing. It's like compressing a spring, the more we hang in these levels, the more power we have when we move up again.