If you are long the stock and dissatisfied.....don't torture yourself, sell it and move on.
Life is too short to make yourself miserable constantly.
There are a few other stocks out there ya know.
Give yourself a break.
like I previously said, when the sales start rolling in we will look back and realize it was splitting hairs whether they issued at $2.25 or $4.
It will be a distant memory, and to most here no memory at all.
Outstanding shares and options. How many stocks on the entire stock market do NOT have stock options?
With the amount of money this drug is going to be making ,the amount of shares they have is going to seem like a spit in the ocean in comparison to their sales and earnings.
If we were talking BILLIONS of shares then that would be a different story, but we are NOT ..
david I'm not sure if I understand what you are saying about 100% ?
I hope you're not thinking the broker will put up 100% of the money for this trade, or any trade.
If they say 100% they mean the customer has to put up 100% of the money for that particular stock, they will not loan one penny towards that stock.
It's no problem or reflection against the underlying company, just that the stock is not seasoned enough yet, and possibly may never meet the criteria to be a marginable stock at that particular brokerage house.
Maybe I'm just misunderstanding what you are saying.
woopigsooie I don't even know what the minimum is, but I have a little over 9 times what you say the minimum is in my regular account, and ZGNX still says HTB. And I only currently have one quarter invested.
Plus I have two IRA acounts at Schwab, one for me and one for the old lady, and more than the minimum in each of them and it's HTB there also, but there is no shorting allowed in the IRA accounts anyhow.
It's been a long time for me that I don't know what the minimum is, I even forgot there is a minimum.
If I remember right, at Schwab you had to have $5,000 to open an account at Schwab back then.
Only in my regular account. In my entire life I think I shorted no more than five times. And quickly covered.
In the 70s a broker talked me into shorting Great Northern Railways, I never shorted before, I couldn't sleep all night, and first thing in the morning I called and told him I wanted out, he tried to talk me into sitting tight....I had to holler at this guy to get me the hell outa this. There were all kinds of buy-outs and stuff going on and all I could see was waking up in the morning and seeing....Great Northern Railway Acquired for a 30 or 40% premium.
There was no such thing as a discount broker yet back then, and it was a real pita dealing with brokers. I maybe shorted a stock a few times on my own after that, but always chickened out real quick.
Things are way way different nowadays, commissions would cost you about $350 to buy 400 shares of stock, and $350 to sell it. Not to mention the spreads, no such thing as penny spreads, it woul be 1/4,1/2 or a dollar or two dollars and on up, depending how liquid the stock was ,or how volatile. The instant you bought the stock with the commissions and the spread you were already in a pretty good, to a big size hole.
And then when you went to sell, the spread was against you on the sell side too.
Way different now.
Dang, I'm really running off at the mouth.
So many infantile people to deal with.
If a stock makes wild volatile swings no broker is going to let you go long on margin on that stock, and sometimes it isn't strictly up to the broker, the SEC also is involved.
There was a stock earlier this year in March if I remember right, on a Friday it closed @ $16.50 , over the week-end it came out with real bad news, on Monday it opened @ $2, and actually was as low as $1.50 in pre-market.
Today it's 80 cents.
Now who is left holding the bag if you were already maxxed out on your margin, and zeroed out in cash in your account even before the monstrous drop?
You're used to be friendly broker, that's who.
That's why in some stocks they will not let you margin at all, or they set the margin requirement higher than the normal 50%.
They don't like to be left holding empty bags.
If a stock doesn't have enough of a track record, or has minimal shares out (a thin trader) where very little vloume can move the stock, no no we ain't taking the chance to hold any bag on that one.
Maybe some day, but not right now.
I have been over the years with over a dozen brokerage houses, but for a long time now have been with Charley Schwab, on the trading window at Charleys, at the top of the trading window on some stocks it says ...HTB, that stands for Hard To Borrow, in other words don't try shorting this stock here. Schwab is maybe more conservative than other brokers where they will let you short certain stocks, but there is an HTB for ZGNX at Schwab.
I don't know if any of this info helps, or maybe you already know all this stuff, but I had a few minutes to kill.
Stop-loss orders are not done in AH.
Can you imagine the manipulation if they did stop-loss trades in AH ?
Same as if you have a GTC, Good Til Cancelled order in, they are not done in AH.
The spreads in AH can be gigantic.
bigpig The point I was trying to make is that if you are on margin you should never max out your margin, that is very dangerous.
And the guy that says if you buy on margin you should put a stop loss order in a nickel or dime below your buy in price is totally ridiculous.
Stocks fluctuate every day.......if you use a close stop order and then you get fluctuated out of your stock......and the stock recovers by the end of the day or the next day.
So what did the stop loss order do for the holder ?
Like this one poster was advising buy the stock for $3.10 , then put your stop loss in at $3.......this is about as lame advice as anybody can come up with.
If you have a stop loss in at $3.......and for some unknown reason the stock gaps down $1, or more, are you going to get your $3 ?
You are going to get whatever it gapped down to.
If a person is not willing to ride the NORMAL daily fluctuations.....stay away, this is NOT for them.
I know exactly what I'm talking about......don't be buying ANY stock on margin and then put a stop loss on that stock.....FIVE CENTS below your buy in price ....PERIOD!
If that is your situation......then DON"T buy on margin.
If you buy on margin, make sure you have at least a 50% cash cushion in the account in case of a margin call.
I bought my first stock in 1965, and I got burned enough right off the bat with margin that I haven't used margin to buy stock for almost fifty years now.
Buying on margin is great.......until it ain't so great.
You got any more lessons you want to teach me ?
"More shorts share bought today then buys"
Can you even explain what the above comment means ?
You make yourself sound like you're not just new here........but new everywhere.
More shorts share bought ?
Do you understand......what shorting is?
Do you wear a helmet when you ride ?
Sorry for all the hard questions, just trying to learn your new way of seeing things.
iamsmart123........This is without news.......that us peons know of.......but the price and volume is talking loud and clear......somebody knows of some.
We're always the last to know, we just have to be the outsiders ignorantly watching the stock go up.
"3.10-3.15 with stop loss at 3.05. That's your safest route"
Are you kidding?
That's the quickest way to get nailed, buy like that and then put in such a close stop loss?
Just go in the bathroom and flush your money, at least you can watch it disappear then.
You put in a close stop like that and the MM is gonna come and take you out.....and I'm not talking to dinner and a few mixed drinks.
Personally I never use stop loss orders, if you can't take the daily fluctuation......stay away from the stock market.
Daily fluctuation....is the game, and always will be.
The Kenny Rogers Song ....You Got To Know When To Fold'em ?
And he spelled it....Kenny Rodgers ?
Well he had the wrong Rogers, he meant Mr. Rogers.....It's a beautiful day in the neighborhood.
That was here wasn't it?
And I responded with the song that applies here is......MONEY by Barrett Strong.
Do a search on that song and see if you can stay in your seat and remain still while the Youtube video is playing.
Barrett Strong the original Mo-Town version, not the Pink Floyd version, that one's pretty good too, but the original is the best.
Well at least we are seeing the difference from....being up beat.....to being beat up.
Up beat feels better.
That would be great, but do not lose track of the fact that the bigger picture here is a whole lot bigger than what happens today.
If I was a nickel/dimer, today would be my only concern, I'm looking for a whole lot more than they are.....by many multitudes.
I want a whole lot more here than the price of a family meal at Mickey Ds.
Feel they are so important ,that when they take their nickel profit and leave, they just have to let us know?
Then they announce, just be gone temporarily though.....and they assure us they will re-enter soon after the nickel or dime dip?
And then just like magic the stock runs away from them......laughing all the way?
It just gives you that warm fuzzy feeling inside.
They truly wouldn't know a golden opportunity if it fell out of the sky and busted their heads wide open.