1. Welcome to Elio Owners! Join today, registration is easy!

    You can register using your Google, Facebook, or Twitter account, just click here.
  2. Hate the new look? Click Here to learn how to go back to the old one!

Elio Stock They Called It Pink

Discussion in 'Elio Stock Discussion' started by jack akridge, Mar 4, 2016.

  1. jack akridge

    jack akridge New Member

    Messages:
    3
    Likes Received:
    2
    Joined:
    Nov 7, 2014
    Location:
    BACONTON GA
    Well this is my first post, I am new to actually trying to buy and sell stock, I already had a broker taking care of my 401 K. I have been using Edward Jones. They are telling me that they can only sell the stock that I currently have but can not buy it, because it is to them consereded pink stock and thinly traded for ever that means. I have watching the OTCQX site and I have only see 4 or 5 different brokers show up on the screen to do the trading. I have not seen one single Scott trade, or any of the other self managed sites. Are there problems with all of them, Has any body actually bought or sold thru them who actually has one of these accounts. I hate to set one up an account tire up my money to doing only to find a snag and have to do it all over again. I want to be able to buy and sell, I have also contacted (via email) 2 of the brokers that are currently trading the stock but they have not returned my email for 2 days now.
     
  2. Cedartick

    Cedartick Elio Fan

    Messages:
    12
    Likes Received:
    33
    Joined:
    Aug 10, 2014
    Location:
    Texas Hill Country
    I have a small volume "pink sheet" stock. It is my belief that many/most pink sheet stocks are smaller companies. You can buy some for less than 1 cent. They sell for that price because they are in deep trouble. They probably did not start at a penny, but the stock keeps selling for less until it reaches that price. That is not a good sign. That could happen to ELIO...which I own as well. Pink sheet stocks typically have a small volume of buys and sells a day, as a few thousand shares total. Facebook, which is not on pink sheets, as of 2:30 central time, has traded over 21 million shares today. ELIO for years may not trade more than a few thousand a day. All stocks have risk, pink sheet stocks probably more risk. I have not yet completed the transfer of my shares to Schwab. This type of funding is new and the movement must be done correctly.......so I will give them time to get it moved properly. As I said, I make my own trades. If Schwab told me I could not buy a pink sheet stock, I would find a company that would. Your broker may be trying to protect you from too much risk, and likely had never heard of ELIO and thinks it is not a good investment. They may be right, but "we" put a deposit on a car that did not exist, and also bought stock in a company that has never sold a car. I would say all of us (except the whiners) accept that risk. If I had my ELIO stock when it went to $70 I would have sold part of my shares because I felt that was beyond my expectations. ELIO could easily drop below $12, time will tell. When the shares are in my account I will post the good news, but don't get in a hurry or worry just yet.
     
  3. Cedartick

    Cedartick Elio Fan

    Messages:
    12
    Likes Received:
    33
    Joined:
    Aug 10, 2014
    Location:
    Texas Hill Country
    Well here is the Good news. As soon as I closed the last post, this was in my Email box.
    Thank you for your request to transfer assets to Schwab.

    This email confirms that we have received your request to transfer assets to your Schwab account from ELIO/SHAREHOLDER SERVICES. The estimated completion date for the assets to be delivered by your previous firm is 03/09/16
     
    Sailor Dog, Kuda and TCBronson like this.
  4. Sailor Dog

    Sailor Dog Elio Addict

    Messages:
    349
    Likes Received:
    514
    Joined:
    Mar 17, 2016
    Location:
    COLORADO
    And by the way...which one's pink? But I digress...just want all the Elioites to be patient, sit tight, and whatever else you do, don't sell...there will be trading days where price volatility, up & down, will be without any relation to underlying news. Hence, the harsh, obsessive, trollish nature of some of the posts lately... however...online news and traditional media have been very positive recently... been reading the translated Portuguese, Japanese, German and French online media... very positive... check it out...but now I have overlooked all the great local media!!!
     
  5. NorTracNY

    NorTracNY Elio Addict

    Messages:
    116
    Likes Received:
    142
    Joined:
    Oct 28, 2016
    Location:
    New York
    Might I suggest that people make their own financial decisions and not tell others what to do with their money. I personally like it when I buy low and sell high. I have found that I create the most wealth when I do that.
     
    wizard of ahs likes this.
  6. floydv

    floydv Elio Addict

    Messages:
    1,072
    Likes Received:
    2,414
    Joined:
    Nov 29, 2015
    Location:
    California
    I prefer to sell when I'm sober. Selling when I'm high tends to cloud my judgment. :p
     
  7. LillyMayPatterson #1685 & #5648

    LillyMayPatterson #1685 & #5648 Elio Addict

    Messages:
    1,727
    Likes Received:
    3,704
    Joined:
    Dec 5, 2013
    Location:
    NE OHIO
    What's with that date Cedartick? Anyways I work with Charles Schwab. I always call the 1-800 number and the nice person walks me through what ever I want to do. It was specially complicated to hook it up with my local bank so I could pay for the stocks I bought a few weeks ago. I offered to teach the nice person on the other end How to milk a goat. It's always good for a laugh, but once a gal with a accent told me she already knew how.
     
    Sailor Dog, John-b-gone and Kuda like this.
  8. NorTracNY

    NorTracNY Elio Addict

    Messages:
    116
    Likes Received:
    142
    Joined:
    Oct 28, 2016
    Location:
    New York
    There are people who don't know how to milk a goat?!?
     
    Sailor Dog likes this.
  9. Sailor Dog

    Sailor Dog Elio Addict

    Messages:
    349
    Likes Received:
    514
    Joined:
    Mar 17, 2016
    Location:
    COLORADO
    Love pink!!! Thanks Cedartick...you are a prophet!
     
  10. Sailor Dog

    Sailor Dog Elio Addict

    Messages:
    349
    Likes Received:
    514
    Joined:
    Mar 17, 2016
    Location:
    COLORADO
    So...I'm just pointing out the message coming from the world...we want Elio more than you do! Go pink, go USA, don't short the Elio (very costly mistake today... trolls to return bloodied but unrepentant), short outside the USA...go Elio!!! And by the way... not pink, but OTCQX!
     
    Last edited: Nov 23, 2016

Share This Page