some of these round-up plays work real nice (like NWMO somebody mentioned), some don't work at all...
The "safety play" is to get +1, ie, in this case 501...Otherwise your broker may not be able to "see it"--you don't wanna get drawn out more than necessary...
Also, once your shares hit? This is absolutely *not* the time to bidwhack and just dump... When NWMO opened at 25.something x 33.something, someone entered what must have been a market order...which executed at $10.50-something. Then it climbed back up, into the teens...then another of shares hit accounts, and more selling at bid, as low as $7.50...then back up...closed today high 12s, I believe...
As with any other play, MMs know what's going on--they don't even have to follow the dailylist. When they see these series of blocs going through, they know...
Unlike a "regular" play, though, different brokerages will assign to individual accounts in various order...ie, unlikely to be a case of everybody getting their shares at once... First, broker A delivers, then a few days later brokers B & C deliver, and so on...
posted
Tex, now when I look at your lol; I am gonna be reminded of that big beefy laugh you had when you calculated the closing price conversion on this 1...
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posted
Tex is right about holding your shares a bit..or sell half, but it is hard to do. Panic sets in and you fear the bottom will drop. With NWMO, the first day, some sold for as low as $3.50, then it bounced back up. I sold at $10.60, and it has climbed ever since. I wish I would have sold half, or had multiple accounts
Posts: 781 | From: NE PA | Registered: Jan 2006
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posted
Hey Tex..what are we doin here at 1:00 A.M. on a Friday night?? Do you play any of these round-up or Arbitrage plays?
Posts: 781 | From: NE PA | Registered: Jan 2006
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quote:Originally posted by coalkickin: Hey Tex..what are we doin here at 1:00 A.M. on a Friday night?? Do you play any of these round-up or Arbitrage plays?
combo dealie for me, coal...
I catch up on news, gossip, etc...plus it's relaxing for me after being on a job site till 8-9 pm...
am not sure what you mean by arbitrage, which may well be my ignorance, but ya, I play almost every round-up play that looks to have a chance. Risk/reward in my favor...at least, so far. Don't play 'em all (merh?), and some I just flat out miss (mcaq?)...
posted
Anybody have an explanation why this was changed from being reported on the daily list to being reported as a dividend on the otcbb.com site? Seems peculiar to me.
Actually a lot of things peculiar to me on this play. I rarely see round ups rounded up to lots of 500; it's typically 100 (i.e. 1 round lot). I don't see what the benefit is in rounding this up to 500.
Also, it now reports an ex-dividend date of 6/4/07- so I imagine I might still be able to buy my one whopping share on Monday.
And finally, I don't typically see pinks doing special round up plays. Don't know what impact it will have on trading; they don't have to file a Pre-14C, so is this binding? Can they withdraw the round up?
Posts: 949 | From: Little Rock, AR | Registered: Dec 2005
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posted
bilgert wonders: "Don't know what impact it will have on trading; they don't have to file a Pre-14C, so is this binding? Can they withdraw the round up? "
yup, what was I was saying preceding: "Those that 'don't work at all' never get into play...for whatever reason, the company reneges, and *nobody" gets their round-ups..."
don't know *how* they get away with it, once is on dailylist...but it happens. If company directs TA to NOT deliver, then brokers won't post it to accounts...
last one I recall? HBID...
but then, supposedly I'm due some free trades. We'll see, lol
regardless, I'm convinced today was the last day to buy...
I do see some buying of only a few shares...presumably cuz it's a pink...ie, not to be trusted... so, in that sense, the "safety play" may well be 1 or even 10 shares...
quote:Originally posted by coalkickin: Hey Tex..what are we doin here at 1:00 A.M. on a Friday night?? Do you play any of these round-up or Arbitrage plays?
combo dealie for me, coal...
I catch up on news, gossip, etc...plus it's relaxing for me after being on a job site till 8-9 pm...
am not sure what you mean by arbitrage, which may well be my ignorance, but ya, I play almost every round-up play that looks to have a chance. Risk/reward in my favor...at least, so far. Don't play 'em all (merh?), and some I just flat out miss (mcaq?)...
quote:And finally, I don't typically see pinks doing special round up plays. Don't know what impact it will have on trading; they don't have to file a Pre-14C, so is this binding? Can they withdraw the round up?
Yes here is a one which I played last year which rescinded its offer for the round up; and yes it is a pinky...
July 03, 2006 FFDG Famous Food Group, Inc. Common Stock KTNI Kootenai Corp. Common Stock 1-1000 R/S; no shareholder will be reduced below 100 shares http://tinyurl.com/3csyrr
July 11, 2006 FFDG Famous Food Group, Inc. Common Stock KTNI Kootenai Corp. Common Stock Refer to DL 7/3/2006: 1-1000 R/S; Company rescinded provision of no shareholder will be reduced below 100 shares. Fractional shares will now be rounded up... http://tinyurl.com/37wjx5
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posted
Yeah, anyone who says these are risk free are either lying or just unaware. Any number of things can happen, like the others have mentioned.
Had you bought 500 shares yesterday at .20, that's $100. If the company takes it back, you have one share valued at $90, sort of...
I saw someone say that the price rose from like .005 to .20 in the last few days(I didn't verify, but the premise is still the same, regardless). If true, the old "value" of the company was .005, or post-split, $2.50. Then when people bail once they get their shares that don't make them any money (again, we're saying they call off the round up), the price drops some more. So after commissions, you probably lose 110% of your "investment". That's worst case, but other scenarios are that your broker takes a long time to get you the shares, and the company dilutes the share price to pre-split prices before you even get your shares.
Gun to my head, I'd say you'll each probably make a few hundred bucks. Anyone thinking they may actually walk away from this with $50,000 is going to get a little wake up call, I think Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
S Trade will not allow buys. Seems like they do that alot on these plays.
-------------------- Must be an easier way! Disclaimer: Don't buy or sell on my advice I am not a licensed broker. Posts: 424 | From: Oklahoma | Registered: Aug 2006
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quote:Originally posted by Firedog: S Trade will not allow buys. Seems like they do that alot on these plays.
prolly coulda called it in...am guessing they saw the number of 500-ish trades going through and tagged it "suspicious activity." In such cases, you call it in and get online rate...
-- Period -- -- High -- -- Low -- 5-Day 0.2000 on 06/01/07 0.0050 on 05/29/07 20-Day 0.2000 on 06/01/07 0.0020 on 05/23/07 65-Day 0.2000 on 06/01/07 0.0020 on 05/23/07 100-Day 0.2000 on 06/01/07 0.0020 on 05/23/07 260-Day 0.2000 on 06/01/07 0.0020 on 05/23/07 Year to Date 0.2000 on 06/01/07 0.0020 on 05/23/07
Notice the 7th column in upper array...volume.
started picking up on the 29th, and was nearly 400k on the 31st...
yet, didn't hit dailylist till yesterday afternoon...
posted
Remember MPNCE split same kind of deal only 100 shares. Then after split new symbol NWMO With this on I turned seven bucks into seven hundred. To say the least I was very pleasantly suprised. Hope this one does well also.
3/23/2007 MPNCE BOUGHT 100 SHARES OF MPNCE AT $0.07 ($7.04) $0.00 ($14.04)
5/25/2007 NWMO SOLD 100 SHARES OF NWMO AT $7.51 ($7.02) $0.00 $743.98
I love these kind.
Posts: 1343 | From: Rome Georgia | Registered: Oct 2004
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posted
LMAO Tex, I was just about to laugh and say, so you were the sucker that got like half the current value... Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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Now it's been my experience that otcbb.com sometimes has problems with processing information from pinksheet stocks, so maybe it's just a clerical error and it'll be like any other r/s. But there _might_ be some an opp on Monday.
Screw it- I'll risk the $5 next week. What the heck. I lost $6 on pokerstars last night; I certainly can lose $5 on this garbage.
Posts: 949 | From: Little Rock, AR | Registered: Dec 2005
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posted
well, we kid, but in fairness...these can be tough to play...they bring in group-dynamic "game theory" aspects that most don't routinely encounter.
posted
I got wind of this from I-Hub...supposedly Scottrade shows the status of SWNE to be $90.00 and $MCII, the new symbol, to be $90.00 ON AMEX. Also the OS to be something around 200K. I'm sure it is too early yet for it not to be all screwed up, but wouldn't that be cool to be on AMEX....
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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quote:Originally posted by T e x: lol, that was *you* dumping on da bid?
I sure did I bid whacked the heck out of it. Could not believe that my seven dollars was worth seven hundred could not sell fast enough.
Looking back I should have held could have doubled it. But hey it could have went either way so I was very happy with my seven hundred.
Posts: 1343 | From: Rome Georgia | Registered: Oct 2004
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posted
bilgert, where's the confusion? If the ex-date is Monday, then that means Monday is the first day you can buy/sell without the dividend attached. that's completely consistent with the daily list saying the split is effective Monday.
What am I missing in what you're saying?
quote:Originally posted by bilgert: Well, here's where I get confused. SWNE is on the daily list here:
Now it's been my experience that otcbb.com sometimes has problems with processing information from pinksheet stocks, so maybe it's just a clerical error and it'll be like any other r/s. But there _might_ be some an opp on Monday.
Screw it- I'll risk the $5 next week. What the heck. I lost $6 on pokerstars last night; I certainly can lose $5 on this garbage.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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Now it's been my experience that otcbb.com sometimes has problems with processing information from pinksheet stocks, so maybe it's just a clerical error and it'll be like any other r/s. But there _might_ be some an opp on Monday.
Screw it- I'll risk the $5 next week. What the heck. I lost $6 on pokerstars last night; I certainly can lose $5 on this garbage.
sorry...was too tired to think straight last night...did not run divvy search, just looked at dailylist again...
so, ya, ex-date is Monday...Friday was last day to buy.
posted
I can't tell time PCola- thought Monday was the 3rd, lol... Good thing I looked at my calendar. Woulda paid my rent late. So I won't be able to buy- ah well.
But it's weird that it's reported as a dividend- round up shares aren't divvies per se. I'll be curious to see how this plays out over time... I still don't understand why the company chosed a 500 share round-up. I'm still very suspicious of the company's intentions. Typically they round up to 100 shares because 1) It's a pain having fractional shares and 2) The company has an interest in maintaining a certain number of shareholders, be it to either uplist (like HQSB; now HQS on AMEX) or some other incentive.
Speaking of AMEX, I saw that some people on IHUB are saying that Scottrade is reporting MCII on the AMEX exchange. Nice wishful thinking, but it has been my experience that Scotty's software is screwy. My previous r/s and round up plays really confused Scottrade's software and bookkeepers. One day MPNC (now NWMO) was reported as a NYSE stock...
quote:Originally posted by PCola77: bilgert, where's the confusion? If the ex-date is Monday, then that means Monday is the first day you can buy/sell without the dividend attached. that's completely consistent with the daily list saying the split is effective Monday.
What am I missing in what you're saying?
quote:Originally posted by bilgert: Well, here's where I get confused. SWNE is on the daily list here:
Now it's been my experience that otcbb.com sometimes has problems with processing information from pinksheet stocks, so maybe it's just a clerical error and it'll be like any other r/s. But there _might_ be some an opp on Monday.
Screw it- I'll risk the $5 next week. What the heck. I lost $6 on pokerstars last night; I certainly can lose $5 on this garbage.
Posts: 949 | From: Little Rock, AR | Registered: Dec 2005
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quote:Originally posted by bilgert: I can't tell time PCola- thought Monday was the 3rd, lol... Good thing I looked at my calendar. Woulda paid my rent late. So I won't be able to buy- ah well.
But it's weird that it's reported as a dividend- round up shares aren't divvies per se. I'll be curious to see how this plays out over time... I still don't understand why the company chosed a 500 share round-up. I'm still very suspicious of the company's intentions. Typically they round up to 100 shares because 1) It's a pain having fractional shares and 2) The company has an interest in maintaining a certain number of shareholders, be it to either uplist (like HQSB; now HQS on AMEX) or some other incentive.
Speaking of AMEX, I saw that some people on IHUB are saying that Scottrade is reporting MCII on the AMEX exchange. Nice wishful thinking, but it has been my experience that Scotty's software is screwy. My previous r/s and round up plays really confused Scottrade's software and bookkeepers. One day MPNC (now NWMO) was reported as a NYSE stock...
quote:Originally posted by PCola77: bilgert, where's the confusion? If the ex-date is Monday, then that means Monday is the first day you can buy/sell without the dividend attached. that's completely consistent with the daily list saying the split is effective Monday.
What am I missing in what you're saying?
quote:Originally posted by bilgert: Well, here's where I get confused. SWNE is on the daily list here:
Now it's been my experience that otcbb.com sometimes has problems with processing information from pinksheet stocks, so maybe it's just a clerical error and it'll be like any other r/s. But there _might_ be some an opp on Monday.
Screw it- I'll risk the $5 next week. What the heck. I lost $6 on pokerstars last night; I certainly can lose $5 on this garbage.
Thanks for posting that about Scotty - last time I watched one of these plays, it was in my ChoiceTrade account and I never looked at Scotty. Won't get too excited...have a good weekend all!
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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