quote:Originally posted by paulbest: I believe I am allowed to trade stock A, 3 times in one day, this counts as 1 day trade. Now I have to wait for a full 5 day cycle before I can trade another stock 3X's in one day.
Actually 1 stock 3 trades, is 3 trades, not 1 day trade.
In addition, NASD and SEC further restrict the entry by means of "pattern day trader" amendments. Pattern day trader is a term defined by Securities and Exchange Commission to describe any trader who buys and sells a particular security in the same trading day (day trades), and does this four or more times in any five consecutive business day period. A pattern day trader is subject to special rules. The main rule is that in order to engage in pattern day trading you must maintain an equity balance of at least $25,000 in a margin account.
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posted
Nope, I distinctly heard the scottarde guy say , "3 trades in a given day is day trading" I can't recall if he means in any ONE stock, or more that 3 tardes as cummulative. I believe cummulative. IOW I can tarde stocks A, B, C, one trade per stock. Thats 3 tardes. Or did he mean I can't trade stock A more than 3 times in a givin 5 day cycle.
I'll call him in the AM.
I believe the 25K acct will free me from day trade restrictions.
Thansk for the link.
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quote:Originally posted by paulbest: Nope, I distinctly heard the scottarde guy say , "3 trades in a given day is day trading" I can't recall if he means in any ONE stock, or more that 3 tardes as cummulative. I believe cummulative. IOW I can tarde stocks A, B, C, one trade per stock. Thats 3 tardes. Or did he mean I can't trade stock A more than 3 times in a givin 5 day cycle.
I'll call him in the AM.
I believe the 25K acct will free me from day trade restrictions.
Thansk for the link.
You can only have 3 round trips in a rolling 5 day period. Weather is 3 different stocks or 1 stock, it does not matter. You might have your Scottrade guy go review the SEC rule. Once you have $25k in your account the rule no longer applies.
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posted
So if I trade stock A on monday, stock B on tuesday and stock C on WEnsday, thats my limit. Or if I buy stock A on monday, sell A on tuesady, and buy back on WEnsday this is my limit for trdaing since my acct is below 25K. Is this what you mean by daytrading?
Man 3 trades per 5 days, will be difficult to make real $$$.
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posted
Jonus, from looking at the chart, could havea slight correction toady or tomorrow...but then agsin it is the winter season and that means CKEI's buisness is more active. Plus there is a huge cold front forming and will push east later this week. Home heating oil will be in demand. Could be an interesting ride
Noticed it traded between 1 and 2 cents during the slow summer months. So I would expect we will see back to 2 cent levels before winter is over.
Thats .05 possible to 2 cents. So this stock has potential to go 150% this winter. Certainly one to radar.
ask is .0045 this morning.
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posted
( for some raeson can't load the chart from stochchart)
one year chart looks like back in the cold snap of late janurary it traded for 4 cents. And lately sales are doubling over last yr. Not sure how much shares have increased though. This may be an issue. Anyone know if os incraesed significantly from last yr.
Anyway I don't want to say much more, lest it sound like hype and pump.
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Yes its sliding between the .0045 and .0049 levels. Looking for a new base. I guess it will close up 5%+. Thing is its MOVING AVERAGE is +. This is whats important for me. Besides there is a massive cold front sliding in from the midwest to the east this weekend. That should boost their sales.
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quote:Originally posted by paulbest: one year chart looks like back in the cold snap of late janurary it traded for 4 cents. And lately sales are doubling over last yr. Not sure how much shares have increased though. This may be an issue. Anyone know if os incraesed significantly from last yr.
O/S in January was 129 million. As of August 14, 2006, there were 383,564,587.
There was a S-8 in February for 50 million.
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Squire, actually as of like a month ago the O/S number was around 467 Million with a AS of 500 Million. Some have been worried that they would do a r/s. Nice tag line by the way, funny.
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Fergy thanks, I was just going on buy what I could verify on the filings.
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WOW shares more than tripled. hummm, this stock may not perform as I expected. Oh well I'll take what I can get...so far nothing, I missed selling on the spikes. Everyday i'm alittle smarter.
but then agsin in pennies, how much does intelligence really count? As fickle as they are.
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WOW free falling. man I may have to look at getting back in later today, tomorrow, thur and friday But i don't know, the entire market is going crazy. Down that is, and may continue, along with CKEI.
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posted
Maybe a few bucks. $100 for 3K worth of investment.
I'll be watching this one float on down to low 2's, hopefully it'll go BLODDY RED and get into the teens. You know i like the color red just as much as green, In fact red is just as much our friend as is green. W/o lots of deep dark red, how are you going to buy cheap. Buy in the dips sell on the peaks.. Another thing, look at any old chart. How many days of peak times are in a 200 day trading yrly cycle? On the average say 3 to 4. OK, with each bull run of say 3 days on average.
thats say 12 days per yr you can make money on a stock, the other 180 days, are only opportunities to look for the place to buy. IOW equally there are only 2 or 3 X's per yr you should buy a stock, just before it goes up.
I have say 10 stocks I know the chart/co very very well. i plan to make a few $'s next yr in 07. this yr is shot except for a rare bull on the loose
Hey if you see any loose bulls send them my way. i wanna ride one. So far I've been mangled by the bears. Mean a*s critters lol
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Yes agree, its a good un for all of Dec and Jan. I'm looking at the yahoo 5 day. Go to yahoo and log in the 5 day chart. Look at the screen page, now print the page. Notice how the printed page provides a more condensed and more accurate of what actually happened. The MM's are totally in control, and knows winter in comming on, so he raised the price. But anywhere in the .003's is good. Next run should break the .005 mark, which it did not last run. I expect nov sales to be nice. Dec's even better. Sales for oct were reported late nov, I guess we'll get a nov PR before Christmas. This is a graet stock to learn flipping. Can't wait til I get the 25K acct. Right now limited to 2 trades per day. With one day can go 3 trades.
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I'm trying to get back in CKEI. last time I hada 50% profit and didn't sell a share and watched it go back to breakeven. This time,,...THIS TIME when i have a profit I'm taking. I expect by friday we'll be up. Today monday at .004 * 11:45 central time. Buy on rumors sell on news. Rumor is the sales figure for nov will be substantial vs last yr. Order fills at .0041
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quote:Originally posted by paulbest: Can't wait til I get the 25K acct. Right now limited to 2 trades per day. With one day can go 3 trades.
You should get choicetrade as your broker. If your broker only allows 2 per day they are screwing you.
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posted
I can make all the trades I want, but only 2 trades per one particular stock. I can trade CKEI 3 X's once every 5 day cycle. ... anyway onto CKEI Did you see the MM's EOD price. .0042. I got in at ,0041 and am happy with this price. Will it pass the .005 mark of last friday? This month should see 1 cent. jmo
I hope to attempt a flip or 2 with this stock. If it goes back to low 3's , I'll average down.
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I'm guessing we'll see .006+ this week. Don't you worry this time I will take my profits, and catch her next week in the .004's. This roller coaster has a track she rides on.
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we've got ice on our roofs lately here in the deep south , so I know CKEI's home heating oil sales in NJ must be up over last yr. The report, hopefully for before Christmas :-)..should be a real stocking stuffer. Its definetly hit a new floor at .0041/,0043.
man i must be bad luck..or the MM's will not forgive me for my insults thrown at em...they just lowered to .0038 just as i posted above. Talk about the devil...
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what the hell is going on here...I placed an order to buy at .0039 and now next minute its back to .0044. shheeshh these pennies are real roller coasters.
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oct sales were $400K, o/s 400M = .01 revenue per month. Oct temps didn't even get into the 30's in NJ. Nov saw quite a bit of 30 temps, with howling winds to boot. . This is a good buy at .0044 imo
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OK tomorrow if i see any spike I'll try my first flip. I'm going to work on my flip tecnique with this stock. its setting itself up for the flip deal. Any spikes will be a sell and will buy back in the dips.
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