ADVC.OB

[lalitha0]

Well - Ameritrade is not letting me sell this. I have to find out what is going on.
Hope it will keep going up.

I have recently set up an account on IZONE where they charge only $5.00 so I can't call anyone. I have to wait for email response. Plus it seems I have to have $25,000 in equity to buy and sell on the same day! I guess you learn something everyday.



Lalitha

[Terliso]

Well - Ameritrade is not letting me sell this. I have to find out what is going on.
Hope it will keep going up.

I have recently set up an account on IZONE where they charge only $5.00 so I can't call anyone. I have to wait for email response. Plus it seems I have to have $25,000 in equity to buy and sell on the same day! I guess you learn something everyday.



Lalitha

That's not good Lalitha... I'm out @ ADVC gain -- over 100%

[Lucas Scott]

hey Lalitha - Izone is my broker too. I pay $3 a trade plus a $50 per year maintenance fee. It's a better deal for me. To get that price you have to email them about it.

The $25k rule is a standard rule at all brokers I think. It takes 3 days for a trade to settle so you can't use the cash from a stock sale for 3 days.

I bought ADVC at .0022 and am holding for a home run. It's already been a home run for some, like Terlisa. I would like for it to have closed in the .003's. Maybe tomorrow. I hope it's got a few days of upside left in it.

[David Randolph]

I sold mine at $0.0027 for a 50% profit, as planned 

Nice 7% plus jump on the Pennies Portfolio today 

Good luck for anyone that continues holding the stock.

[Lucas Scott]

I have to amend my last post. I sold at .0027. I entered the order a minute before the close when the bid/ask was 0026 x 0028. I figured it had expired but it filled a minute after the bell. Weird. .0027 was $500 profit and I figured a bird in the hand was worth two in the bush with my buy-in price being so high. Hopefully I won't miss a 20-bagger on this one. Looks like David is out too so if it runs to a penny he and I can commisserate about it.

[oicpecnoc]

Outstanding pick David,

I will sell on the gap in the morning.  In at .017 with a million shares.  Love it.

[lalitha0]

Thanks for the Info Lucas.

Hopefully this will at least have some gain for me when I can finally sell. I got in at .02

Lalitha

[Terliso]

Thanks for the Info Lucas.

Hopefully this will at least have some gain for me when I can finally sell. I got in at .02

Lalitha

You mean 0.002 Lalitha goodluck

[Holygrale]

Hey I hope I'm not the only one left holding the bag.............LOL
For petes sake, I do have 250k shares of this at .0014..........LOL

Nice pick Dave, I should have dropped the hammer and purchased 5 million shares, but I was tapped out with only $350 in cash.........LOL again

Come onnnnnnn .01......

[gmarc66]

Oh...i ended up buying near the hod...so, obviously i am still holding..lol...but, it had a nice close and great volume...could go more this week...lets hope it will do a nice penny run.

glta

julia

[David Randolph]

The $25k rule is a standard rule at all brokers I think. It takes 3 days for a trade to settle so you can't use the cash from a stock sale for 3 days.

That is the most stupid rule I've ever seen in the American markets. This thing doesn't look like America to me   

It's not because of the 3 days it takes to settle the money, it is because of SEC regulation and what is called a «Pattern Day Trader». You can't make more than 4 day trades over a 5 days period or you'll be classified as a Pattern Day Trader, and you'll need to have $25,000 in your account to proceed, something like that.

You can read more info here: http://personal.fidelity.com/products/stocksbonds/content/margin7.shtml

They assume day trading is more risky than position trading, which is false in my opinion. The problem isn't day trading. The problem is excessive leverage for people trading on margin.

Anyway, this looks much more like a Portuguese rule than American hahaha

Fortunately that stupid rule doesn't exist for futures traders, or what would I be with more than 10 trades a day, on average? 

[gri64]

Excellent pick! Thank you David.

Bought 24/02/2006 in average @ $0.00145.
Sold yesterday with a huge (for me) profit @  0.0026 (in avrg).
79% -   

Does anybody think, that now (i.e. @ 0.2) is a good time for re-entry?
Or it was a trade that cannot be repeated ? 

[lalitha0]

Hi

I am still holding too and thinking if I shoud add more.
I did get in at .002 and now it's there again and looking strong.
It turned the reason I couldn't sell was because I was trying to sell more shares than I have - I added an extra zero and didn't notice it!

I also don't understand the $25K rule if I am playing with my own cash and not on margin. That doesn't make any sense.

Lalitha

[David Randolph]

Excellent pick! Thank you David.

Bought 24/02/2006 in average @ $0.00145.
Sold yesterday with a huge (for me) profit @  0.0026 (in avrg).
79% -   

Does anybody think, that now (i.e. @ 0.2) is a good time for re-entry?
Or it was a trade that cannot be repeated ? 

From my experience you can't repeat a trade like this in the same stock, not for a long time.

If we go back to my initial post, I considered the stock had $0.0018*$3.37B = $6M in market cap and expected $10M in revenues for the entire 2006. Usually I find a sales multiple below 1 as attractive and a sales multiple of 1 as fair.

This is why I thought of getting out with a 50% profit. At $0.0027, the market cap was $9.1M (perhaps I should have considered $0.0028 or $0.0029 to sell).

At $0.0032, which was the high, market cap was $0.0032*3.37B = $10.78M, and there the stock was fully valued (price to sales ratio of 1), so it came down.

I feel it can trade around $0.0020 for some time, but I don't think it will go higher than $0.0032 for the short/medium term (unless there's more new positive information). The risk is if the company sold shares to investors during this bull run (it always did that in the past, that explains the 3.37 billion shares outstanding), the stock price can come back to $0.0005 but now with a much larger market cap.

Anyway, I can be wrong, good luck 

[Holygrale]

I'm out today at .0022............Good fortune if ur still in.