Printable View
Yeah, I won't be turning my 10.7mil shares until we are solidly out of the 1's, alot of rumors out their on the spoke about something big in the works that the co. is holding back. They sure have a large following over there.Quote:
Originally Posted by billhart22
Here is something to make your day: Turn on your sound before going to this link:
http://vids.myspace.com/index.cfm?fu...deoID=22585890
Geezzz, I have the hardest time keeping up around here.Quote:
Originally Posted by Alaska Guy
It took me weeks to figure out what the shrub was. Now I check it out all the time.
So, what the heck is the spoke?
See, I'm getting braver with you guys.....I'm not nearly so worried about asking questions now...LOL
I am with you, Andy. I just don't know how long that will take, nor do I have a clue. There is quite a gathering on the shrub and they seem believing and patient...go figure.Quote:
Originally Posted by Alaska Guy
The spoke is the shrub which is the wheel.Quote:
Originally Posted by candleman
There isn't any minimum that I know of... but since margin is credit (a loan if you use it), they may run a credit check on you, and also may see how long you have been trading or like to see an account bigger than 1K or something along those lines.Quote:
Originally Posted by atmgeek1
I never actually use the margin, just have it so I don't have settlement restrictions and also so I can trade options.
Basically, all it means is that you get to borrow money to buy more stock, and when you own a stock, whether you borrow or not, that stock is like collateral (the amount you can borrow if you actually were crazy enough to do so is based on how much of the stock you have, and other factors - ie. if you own AAPL stock, then you'll get the max allowed borrowing power, for cheaper stocks, it'll be less, and for risky stuff, maybe no allowance at all).
If you were actually invested in more than what your cash balance was (which is what being on margin is - ie. having the loan is), and things got really hairy, as in you were really down, they will give you a margin call, and ask for you to cough up some money, or sell some of your stock to bring you closer to what your cash balance is.
On your account screen, it will always tell you what your cash balance is and what your "buying power" is - which is the margin (loanable amount based on the stocks you have) + cash balance. So, as long as you trade within the cash balance amount, you're good. Always leave enough in your cash balance to account for commissions and you'll be fine. If you over shoot it a little, say $100, you're talking minor interest on it if you turn around and sell a little of something to get it back. For scottrade, as long as its the same day, I think there is no charge.
I've only been on margin once using another broker, where they made me pay the interest when I went slightly over for the day... scottrade doesn't charge if you mess up and fix it the same day (if I remember right), as I've only done it once with them.
That is just too funny. I can't wait to share that with my wife when she gets home from school.Quote:
Originally Posted by billhart22
Thanks Bill, I really needed that today, it's been hectic!
Thanks! It's one more thing I don't need to learn :)Quote:
Originally Posted by billhart22
I've had an order in forever to get my original out and a 100% gain at 0.0004. After that it can go anywhere it wants too.Quote:
Originally Posted by Alaska Guy
LOL, the SEC finally made brokers announce that retail needs to watch themselves with inverse/leveraged funds.
Man, I need to get back to work.
Thanks for the info Bill.
That is one of my all time favorites...I go look it up every once in a while when I need a laugh...Quote:
Originally Posted by candleman
I don't think you need 25K for the margin account, 25K is the amount to day trade... 4 daily round trips in a one week period. Unless they changed it. My accounts are pretty old, but they were all started with way less than that, and I got margin everytime.Quote:
Originally Posted by candleman
Yes, you're right. It's the 25K rule for people like me who trade so often.Quote:
Originally Posted by Dr. Dave
NutriPure Beverages, Inc.: Updated Financials in Process and Auditors Are Ready
Date : 09/24/2009 @ 9:00AM
Source : MarketWire
Stock : NutriPure Beverages, Inc. (NBVG)
Quote : 0.0018 -0.0005 (-21.74%) @ 2:24PM
NutriPure Beverages, Inc.: Updated Financials in Process and Auditors Are Ready
NEWPORT BEACH, CA -- (Marketwire) -- 09/24/09 -- NutriPure Beverages, Inc. (PINKSHEETS: NBVG) announced today that an accountant has been retained and all financial information has been provided. The company expects the updated financials to be posted on Pink Sheets within 10 days. The company's auditors have been notified and are ready to complete the audited financials, which gives the company many options. The completion of these audits will give the company the option to become a fully reporting company in the late 4th quarter of 2009, at which time the company will also consider a move to a higher stock exchange.
These moves are being planned in coordination with the upcoming rollout of the Nu2O bottled water products currently scheduled for the end of this year which are now imminent due to the recent announcement of a signed equipment purchase agreement on September 23, 2009. The company plans to initially launch its first product under the Nu2O label, three more after the second quarter of operations, and a total of twelve products within the first year.
Kenyatto Jones, CEO of NutriPure Beverages, Inc., commented, "We are now taking the necessary steps to place ourselves in the best situation in terms of financial reporting and trading options. We are looking forward to the completion of the next significant milestone in the company's growth. With a combination of our recent announcement regarding a signed equipment purchase agreement and our soon to be posted financials, NutriPure is positioning itself to become very competitive in the marketplace and we believe this will help to enhance our financial reporting and trading options. This is a very exciting time for NutriPure Beverages and we expect to make additional announcements in the near future."
ABOUT NUTRIPURE BEVERAGES, INC.
NutriPure Beverages, Inc. is bringing to market a complete line of nutrient-enhanced bottled water products using a patented process that adds organic nutrients to water without adding masking flavors, colors or sweeteners, yielding premium enhanced water products that contain no calories, no carbohydrates, no colors and no flavors other than pure water.
The process is further enhanced using desirable "cold-fill" techniques that save energy and reduce harmful, "plastic chemical leaching" into the product. The company intends to market a full line of nutrient-enhanced water products under the Nu2O label, which will compete with currently available products such as SmartWater and VitaminWater.
Safe Harbor Statement: This release contains forward-looking statements with respect to the results of operations and business of NutriPure Beverages, Inc., which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.
Contact:
Kenyatto Jones
CEO
NutriPure Beverages, Inc.
(949) 400-5963
YO BILL! Way to go, you made it to 4 thousand posts!!!!!
I wonder how many of those are monkey movies...:p
billhart22
Senior Member
Join Date: Dec 2008
Posts: 4,000
Have you bought any of this yet? And did the order go through Scottrade?Quote:
Originally Posted by billhart22
Here is the deal:
You can make up to 4 round trips in a week and not be considered a day trader, however, you cannot put the money back into the same stock until it clears. You can purchase another stock, but you cannot sell it until the original money clears.
Anything above and beyond that takes a margin (day trading) account. I do not know how that works with a person's finances.
I am curious....do you need to have $25,000 physical dollars in your account to open a margin account, or do you just get a line of credit for that?
I am watching it...the price is still going down. I don't think there is a problem with buying it...I haven't checked the list yet. It's gone from .0027 to .0017 so far today.Quote:
Originally Posted by candleman
This in NOT good news for the Sponge. It looks like it may be awhile till we get our money back.
SpongeTech(R) Delivery Systems, Inc. Announces Rescission of Investment Plans in GetFugu, Inc.
3 minutes ago - Businesswire
Related Companies
Symbol Last %Chg
GFGU 0.63 -7.89%
SPNGE 0.091 -14.23%
As of 2:40 PM ET 9/24/09
SpongeTech(R) Delivery Systems, Inc. ("SpongeTech" or the "Company"), "The Smarter Sponge(TM)", (OTCBB: SPNGE) announced today that the previously announced investment arrangement with GetFugu, Inc. has been rescinded.
On September 8, 2009, SpongeTech had announced that it was going to invest $4 million into GetFugu's mobile-based web search and e-commerce technology, and that SpongeTech would be the first company to utilize GetFugu's innovative mobile search platform.
An aggregate of $1,750,000 had been advanced to GetFugu in anticipation of the entry into a definitive investment agreement. GetFugu has advised the Company that it currently does not have the funds to repay the $1,750,000 and that it is seeking alternative financing sources to fund a reimbursement
When I went to margin. I just had 25K worth of stock and that's all it took.Quote:
Originally Posted by billhart22