All things STOCKS

#3,001
#3,001
LIvol said:
How do you purchase this? I typed it into robinhood and nothing came out. I also tried my vanguqrd acct and it said no!
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Maybe those 2 brokers are protecting their account holders from themselves. A stock trading at under a penny/share can have a 100:1 reverse split and still not be able to meet the requirements to be listed on a reputable exchange. I wonder what percentage of the shares or voting power is controlled by the insiders because with such a tiny amount of revenue, salaries could take a huge piece of any windfall.
 
#3,004
#3,004
LIvol said:
How do you purchase this? I typed it into robinhood and nothing came out. I also tried my vanguqrd acct and it said no!
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It's a pink sheet OTC stock. Don't think RH shows them but TD Ameritrade does. Pink sheet OTC doesn't have to disclose financial earnings or losses. Huge gamble buying them.

I was looking at another yesterday. OPTI that is Optec International. It's a biotech company that makes medicine for pets. They released news Friday they have a new UV disinfecting wand and a new UV rover that can disinfect 1000 sq ft in 15 minutes coming soon.
Currently trading at .007 with 136M on the volume and it jumped 57% on the news Friday.

I have no problem throwing $100 down considering it would buy you 14,285 shares at this price. Then you just wait. If it doesn't make it then it's only 100 gone. If it does you're making $1428 every .10 cents.






iWand

OPTEC International, Inc. to Launch "OPTEC Rover" Commercial UVC Disinfecting & Sanitization Products on Friday June 12th, 2020

Optec International Inc.
 
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#3,005
#3,005
Thunder Good-Oil said:
I would think that the shares shorted as a percentage of total shares floated would be a better ratio to look at. Those shorted shares are actually borrowed and if there aren't many shares available in the open market to buy when the stock price starts rising significantly and the "shorts" rush to cover, the higher that # of shares shorted relative to the # of shares in the float, the harder it will be to cover. Short squeeze. Basic law of supply and demand. Once margin calls start getting issued to the shorts the carnage gets even more intense.

Why You Need to Know How to Calculate a Company's Float

I'm not sure how the # of shares shorted divided by the average number of shares traded daily would be used in an analysis. Maybe it's a good way to compare similar companies with a lot of short interest. I guess that a lightly traded security is more likely to rise or fall quickly when the current day activity greatly exceeds the daily average. But again, I would think the shares shorted relative to the float tells much more.

Chime in technical analysis guys.
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Thanks for your alls answers. Seen late last night in the US there's no time frame that you have to sell them back like some other countries.
 
#3,007
#3,007
Orange_Vol1321 said:
Thanks for your alls answers. Seen late last night in the US there's no time frame that you have to sell them back like some other countries.
Click to expand...

You'd buy shares to cover a short position and since the shares are borrowed the account holder could be forced into a margin call if the shorted shares rise substantially in value. The equity in an account could easily be completely wiped out if the wrong company's stock is shorted. It's far less risky to buy an ETF that shorts equities so that the losses are limited to that particular security rather than the entire account. Or alternatively BUY PUT options. Only the put options would potentially go to zero. Selling uncovered calls can also result in an account going to zero value.

It's less crazy to buy FAZ as opposed to shorting FAS.
 
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#3,008
#3,008
I don't short stocks and probably never will unless it's a tiny position, but if somebody shorts a dividend paying company, don't they also have to PAY any dividends as of the ex-dividend date?
 
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#3,009
#3,009
Orange_Vol1321 said:
It's a pink sheet OTC stock. Don't think RH shows them but TD Ameritrade does. Pink sheet OTC doesn't have to disclose financial earnings or losses. Huge gamble buying them.

I was looking at another yesterday. OPTI that is Optec International. It's a biotech company that makes medicine for pets. They released news Friday they have a new UV disinfecting wand and a new UV rover that can disinfect 1000 sq ft in 15 minutes coming soon.
Currently trading at .007 with 136M on the volume and it jumped 57% on the news Friday.

I have no problem throwing $100 down considering it would buy you 14,285 shares at this price. Then you just wait. If it doesn't make it then it's only 100 gone. If it does you're making $1428 every .10 cents.






iWand

OPTEC International, Inc. to Launch "OPTEC Rover" Commercial UVC Disinfecting & Sanitization Products on Friday June 12th, 2020

Optec International Inc.
Click to expand...


Really impressive call this morning!
 
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#3,025
#3,025
TC 83 said:
I don’t know how much you’re invested/or your avg but if I were you I’d cut my losses and move on— It’s a long way back down to 30-40 cents.
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Right now the losses aren't too bad. I'm going to give it this week then sell if it doesn't come around
 
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