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Post by healthykris on Aug 12, 2004 14:30:41 GMT -5
Does anyone know about this stock? I heard it from a very good source it is another hot buy like CMKX.
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Post by RPJII on Aug 12, 2004 14:45:52 GMT -5
Not much information available, but they did a 1 for 1000 R/S on 9/22/2003. It looks like the volume has been increasing for the last 3 months. I wouldnt put it past them to do another R/S.....
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Post by jxl0928 on Aug 12, 2004 14:46:37 GMT -5
Another Hot stock to stay away from. It went thru a 1000 to 1 reverse spit last May. The volume is 10 times more than the o/s shares after the split.
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Post by WWJDthrume on Aug 12, 2004 15:28:10 GMT -5
Have to agree this looks like a pass. Too many unknowns. It could run but there are trades you can make based on skill and DD. This isn't it. IMO I own some from before so I would like it to move but I can't imagine any good reason for it to. -Debi
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Post by CashinIn on Aug 12, 2004 16:24:48 GMT -5
I bought some a few weeks ago at .0001, and have been trying to sell them for over a week at .0002, but haven't got filled yet. I did a little DD and it looks like the O/S is 10 billion, if I am thinking of the right stock  Sometimes I do so much DD I forget...lol |
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Post by ssproserv on Aug 12, 2004 17:48:04 GMT -5
Same here, Cash...
I've been sitting on a sell order for USCI at .0002 and it just won't fill. I'm thinking of getting out of it for what I paid and trying another, but I'm in no hurry...just letting it sit for now.
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Post by CashinIn on Aug 12, 2004 18:27:46 GMT -5
Ouch, look at this. I asked Ameritrade why my order never filled because I was selling at .0002, and the price kept going to .0003, this is what they said:
Thank you for giving me the opportunity to assist you today.
Your inquiry is in regards to a limit order for a Pink sheet security. With a
limit order you will want to keep in mind that you are only guaranteed to
receive your price or better, not a fill. Fills are directly related to how
many orders and shares are in front of your order, and how many shares are
available at each price. Consequently, your order may not fill even if your
limit price is reached.
All trades for pink sheet securities involve a Market Maker. Unlike listed or
Nasdaq securities, securities that are quoted on the pink sheets require that
you always buy from the market maker on the ASK side and always sell to the
market maker on the BID side. Because you always buy on the ASK side, a pink
sheet security can trade at or below your buy limit and not trigger an execution
of your order. Conversely, because the BID must rise to your sell limit price,
a pink sheet stock can trade at or above your sell limit and not execute your
order. The only way to tell if you are due a fill is if your price was reached
by the ask on buy orders or the bid on sell orders. For this reason, you can
see trades above and below your price and not be due a fill.
In addition, as you should be aware when you are trading pink sheet securities,
"match" trades do not occur and there are no rules of reflection. This means
that you can be "traded through" and still not be due a fill as you would be on
a listed or Nasdaq security.
If you have further concerns or inquiries, please reply to this message.
Sincerely,
Brad Gnagy
Trade Resolution, Ameritrade
Division of Ameritrade, Inc.
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Post by CashinIn on Aug 12, 2004 18:44:58 GMT -5
The team at Ameritrade also said hi.  |
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Post by RPJII on Aug 12, 2004 19:19:23 GMT -5
I think the guy with the funny red nose is my acct rep....
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Post by ssproserv on Aug 12, 2004 22:14:15 GMT -5
I'm glad for the clarification, even if it is not what I wanted to hear. But I love the picture of the crew at Ameritrade! How appropriate!!! ;D |
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Sometimes I do so much DD I forget...lol