WYY

[Maestro]

With Ameritrade you need to set a trade trigger. 

It doesn't seem to work with OTC stocks. On Ameritrade, I get the message "You cannot set a trigger order based on an OTC/BB alert: [WDPT]"



Or am I doing it wrong?

[AussieTrader]

Maestro, I am sure we did this a while back. Ameritrade doesn't currently accept stops for OTC, nor trade triggers (maybe this will change in the futre). So you have to set yourself a mental stop and an alert.

[Maestro]

Maestro, I am sure we did this a while back. Ameritrade doesn't currently accept stops for OTC, nor trade triggers (maybe this will change in the futre). So you have to set yourself a mental stop and an alert.

I know, AussiTrader. You helped me find my way about triggers on Ameritrade – for non-OTC stocks.

I had resigned myself to the idea that with OTC stocks it was a rule of the OTC board, not individual brokers, that stop orders are not allowed. Then I read a message of eliteG, I believe, saying that some brokers allow it, the message of tokyopua saying he has no problem setting a stop limit order for WDPT on E*Trade, the message of bmarc4211 saying that for OTC orders it works with triggers on Ameritrade, and I got my hopes up again.

So my question is: are there indeed online brokers that allow stop orders for OTC (bulletin board) stocks? If there are, I shall gladly open an account with one of them, but I would need to know who they are. I have tried it with Ameritrade and E*Trade and it does not work. I have emailed Scottrade to ask and they say they don't allow it.

[healey]

It doesn't seem to work with OTC stocks. On Ameritrade, I get the message "You cannot set a trigger order based on an OTC/BB alert: [WDPT]"

Maestro
I use Interactive Brokers http://www.interactivebrokers.com and have had no problems with execution and putting in stop losses on any stock I have traded. I have never traded pinks..so don't know about those. The trading platform is not the greatest but i also use Medved Quote Tracker http://www.quotetracker.com/ (free with the ads or no ads for a small monthly fee). I link these two together and I have been very satisfied. Now if I could get the trading thing down pat (SOF definitely helping in that dept) life will be grand. You can't beat IAB fees for trading. Have a look I don't know if this will work for you.
Cheers
Healey

[Maestro]

Thank you, Healey.

My motto is "if there's a way to make life easier, let's use it" and your reply helps me in that direction. I shall check out interactivebrokers.com and probably open an account with them. I like to be free during the day (in Switzerland, afternoon and evening) to work in the garden, go for a hike, dinner out, or whatever, anything but sit in front of the computer and watch the movement of the price of a stock or two, or wait for an alert I set on my broker's website to pop up.

[digdug42]

How long is the process usually for a company to get listed on the AMEX?  I think the pr said that they started the process in Dec 05 when they filed their 10k for year end. Just wondering if there is a set process or deadline that might be approaching.

[jorgegr]

Please give us an update on this stock.

jorgegr

[eliteG]

update WDPT:

Sorry for the delay on this update but there was truly nothing to say about WDPT until now.    WDPT remained above our stop consolidating above the symetrical triangle on low volume.  On thursday and friday guess who woke up?  Volume came in strong on the hammer(thursday) and then confirmation with even stonger volume(friday).  This was the move I was waiting for to add WDPT to my account.  Everything seems well positioned for a nice move now.. as long as volume sustains.  Could this be the move ahead of an announcement?(AMEX listing)

------
Position: bought WDPT @ 3.09 on 4/06/2006
Order: Hold
Exit: n/a
Target: n/a
------

[soxguy]

look at the volume on this today..almost 2 million shares already..or is scottrade goofing up again

[eliteG]

not a goof.. WDPT has got volume 

[yukiii]

10Q is out

http://biz.yahoo.com/e/060515/wdpt.ob10-q.html

[peterwangos]

Could anyone comment on 10Q please?

[Michael]

Hmmmm.... WDPT is an interesting stock.

We had a beautiful break out in the start of April when the company released their great full year earnings for 2005. After that the volume disappeared but the stock still managed to stay close to the top of the break out. It almost seemed like somebody was holding an invisible hand under the stock.

Then we had a strange registration statement filed on April 28 informing the market that all the main shareholders might sell part or all their shares. Even though the stock did dip on that news under low volume it soon recovered under increasing volume.

And yesterday after close the company filed their 10Q without any accompanying press release.

Even though the revenue increased slightly compared to the same period last year I had expected much more. The only reason given by the management for this languish growth is the following:

Our consulting services segment experienced declining revenues of approximately $123,000 from $2,584,000 for the period ending March 31, 2005 as compared to $2,461,000 for the period ending March 31, 2006 as a result of delays in awards and renewals of several contracts, which we expect to enter into during the second quarter of 2006.

No estimation of the effect of the delayed contracts or guidance for Q2.

There are some good news in the report as well. The loss before a once of gain from financial instruments in Q1 2005 decreased from $563K to $258K and the revenue from the PKI credentialing and managed services segment grew with 262%:

Our PKI credentialing and managed services segment experienced revenue growth of approximately 262% with revenues increasing approximately $138,000 from $85,000 for the period ending March 31, 2005 to $223,000 for the period ending March 31, 2006 as a result of continuing early adoption of the federal government's mandate under the Homeland Security Directive No. 12 ("HSPD-12").

Investing in WDPT is a bet on their PKI to be a widespread accepted standard so the significant increase in revenue from this segment is certainly encouraging but the revenue level is still very low and it will take a continued significant increase at these levels to make an impact on the bottom line. I do believe that this will happen but I am not sure the market will have the patience to wait.

All in all I have to say that I am disappointed and would normally be inclined to sell at the opening. There is only one thing holding me back and that is the "invisible hand" that have hold the stock up since the break out.

I have the feeling that we still don't know the full story about WDPT. Are they going to release news on AMEX listing in the near future? Are there some big Government contracts that are about to be closed?

So here is the plan. The first level of defense is the MA50 that stands at 2.84 today (supported by the ascending trend line). The second line of defense is the support at 2.8. We will raise the stop to 2.78 just under the support that should give the invisible hand a chance to do its magic 

[twodachsie]

Hit 2.75 this afternoon. You stopped out?

[tokyopua]

Hit 2.75 this afternoon. You stopped out?

Stopped out here, kinda happy to have the cash actually, this market is just so rough now.