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Trader loses 130k+ on short, owes eTrade 100k
Started:November 19th, 2015 (04:33 PM) by Big Mike Views / Replies:8,455 / 102
Last Reply:December 3rd, 2015 (06:51 AM) Attachments:1

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Trader loses 130k+ on short, owes eTrade 100k

Old November 25th, 2015, 08:05 AM   #101 (permalink)
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No idea why Sykes name was mentioned here given his stance on Biotech and this being not OTC but NASD stock, but today there is a cheering in Sykes camp - one of his students posted a long trade in KBIO than made over 100k for her. Apparently Sykes gave a long signal on profitly after that turnaround with Schrkeli.

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Old November 25th, 2015, 10:49 AM   #102 (permalink)
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afranco562 View Post
I always thought any stock below $5 is near getting to be considered a penny stock. Apologize for my lack of education,(and I do meant that) does a stock need to be in OTCBB to be called a penny stock?

I've always only referred to OTCBB listed stocks as penny stocks. Stocks under $5 are of course subject to delisting and becoming a penny stock on OTCBB, so they carry their own risks, but I wouldn't call them a penny stock while they are trading on Nasdaq.

Not sure if this is just me, or a commonly accepted nomenclature.


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Old December 3rd, 2015, 06:51 AM   #103 (permalink)
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I never traded US stocks outside of the occasional CFD trade, I was wondering if incorporating a stop was possible with such trade or not ?? Because it seems really stupid to trade without one.

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