@MichaelGoode Hi Michael. Could you please assist me in which chapter of the SEC DVD I can find information about offerings. Thanks.
@MichaelGoode Hey Michael, while SRNE might be a little irrelevant right now I was trying to understand SEC filings better after your DVD and your YouTube interview with Bohen. So for SRNE on the 424B5 they are saying the offering is worth $250,000,000 and can be exercised at a price of 1.67 or it can be exercised ATM? If I got it wrong if you put could break down that offering or help me understand that would be absolutely amazing. Thank you!
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MichaelGoode May 20, 5:09 PM
"The Purchaser is an “underwriter” within the meaning of Section 2(a)(11) of the Securities Act. The Purchaser has informed us that it will use an unaffiliated broker-dealer to effectuate all sales, if any, of the Purchase Shares that it may purchase from us pursuant to the Purchase Agreement. Such sales will be made on the Nasdaq Capital Market at prices and at terms then prevailing or at prices related to the then current market price. Each such unaffiliated broker-dealer will be an underwrite
Bito May 20, 5:48 PM
@MichaelGoode Thank you so much! You da best!!
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OBLN seems like a good shorting opportunity.. reminds me of YUMA after its reverse stock split.. Was curious to know your thoughts and see if I'm on the right track with my thesis.
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JustCash Jul 25, 19 12:18 PM
MichaelGoode Jul 25, 19 1:54 PM
I hate shorting stuff down 10% on the day already. That being said, it likely continues to fade, but you need to be careful with these reverse split stocks because the float is so low
JustCash Jul 25, 19 2:50 PM
@MichaelGoode Great, thank you for the feedback.
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jeanniebeanie Jul 03, 19 3:23 PM
great video
jcash3485 Aug 04, 19 6:58 PM
thanks
shoeusn Aug 10, 19 12:02 AM
love it
rubenfavela May 25, 4:15 PM
Thanks, simple and great lesson. I like the way Huddie uses the 15 min chart
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@MichaelGoode Hi Michael, I was wondering if you are able to trade OTC grey market stocks with IB? It's not letting me, saying "Trading in OTC grey market stocks is not supported". Really frustrating. Is there any solutions for this? Thanks!
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MichaelGoode Mar 12, 19 10:35 AM
There is no way around this -- if you have a position in a grey-market stock at IB they will let you call the trade desk to close it out. But they won't let you open new positions in grey market stocks. If for whatever reason you want to trade grey market stocks you will have to use another broker.
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@MichaelGoode Hi Michael, is it just me or the import verification does not work anymore with IB?
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MichaelGoode Mar 01, 19 9:06 AM
It does not work for most people (including me) anymore although it still seems to work for some people
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@MichaelGoode Hi Michael. You mention on your blog that you do not use TWS anymore, but you are still using Interactive Brokers. I was just wondering if you are using DAS connected with IB or a different broker for the charts and L2 but use IB to execute orders. Thank you.
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MichaelGoode Sep 26, 18 9:58 AM
I don't know where I would have said that -- I still use TWS. I do use DAS Pro with Centerpoint for level 2 and charts
tommyvercetti55 Sep 26, 18 3:04 PM
Oh sorry, I didn't read that carefully. You replied to someone on your blog that you still use TWS but not time and sales and L2. Do you think DAS level 2 and time and sales is more accurate than IB's?
MichaelGoode Sep 27, 18 9:44 AM
TWS L2 & time and sales is just as good but I have always considered TWS charts ugly. I have used them in the past but I just find it easier to use DAS Pro and I have to pay for those charts / L2 anyway whereas I don't have to pay for the IB L2 if I don't want it
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@MichaelGoode Hey Michael, I'm trying to see which fee structure is better for pennies. Tiered or Fixed (interactive brokers) Have you used both fee structure? If yes which one is best to choose? Thank you in advance.
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MichaelGoode Jun 18, 18 1:28 PM
Either tier structure is expensive for cheap stocks (particularly under $1 per share). I recommend tiered if you buy on the bid and sell on the ask more often than not
tommyvercetti55 Jun 19, 18 2:00 AM
Thanks Michael, I'm guessing tiered fee structure is best if you add liquidity to the market, and get rebates on that?
MichaelGoode Jun 19, 18 9:59 AM
Yes, if you add liquidity then tiered is best and overall it will be cheaper
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[TimAlerts] read the 424b5 forms before you report %gainers-------CANF----
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@MichaelGoode Hey Michael got another question for ya. What problems might arise when trading Sub dollar stocks? I'd like to trade these (longs only) so I can take larger position sizes for larger nominal profits.
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MichaelGoode May 17, 18 2:01 PM
Keep in mind that what matters is not the price but the volatility. If you have a $10k position in a $1 stock and it goes up 10% you will make $1k. If you have a $10k position in a $10 stock and it goes up 10% you will still make $1k. So don't avoid trading higher-priced stocks for that reason. If you are trading Nasdaq stocks then all that matters is that your broker doesn't charge you per share commissions (or else it will get very expensive). If the stocks are OTC (most of the cheapest stocks
One of my regrets is that I really don't go into registration statements and prospectuses and details about types of offerings. I recommend this series of videos on Youtube on offerings: https://www.youtube.com/channel/UCGh1UPcGuvk3jYgMeeFsWUA/videos
Thanks a lot. Ricky has great videos on offering and pipes.
@Abdula got a bunch of notifications of new comments from you but I don't see anything -- maybe try sending again or sending a message.
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