As far as trading this stock on the OTC or Grey sheets, there is no problem as this stock being a spin off is recognized as a fair trade.......... not like the majority of stocks in that arena, i know as i tried to sell a few stocks as a test, problem is finding a buyer.
CodenameA
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@MrMumbles, I see, thanks for the clarification. After I contacted my broker, I got the information that my current Canadian Alma stocks had to be converted to their US counter part first for a fee, before I am able to trade them OTC. Thought this info might be helpful to someone in the same situation as myself :D
tsx_trader
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Hey Mnovo, can you write a couple sentences explaining this idea? I really coulldn't make it out.
I am holding AAX and RGLD atm.
mnovo
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@tsx_trader, Sorry, I just haven't been myself. I wonder if should even be making any videos at all. I'm having trouble with focus while on these stupid meds.
Firstly the title should read RGLD, not AAX... This is essentially a recap of RGLD and the spinout of ALMA Gold being gifted to us holding shares. The spinout equated to .95 shares for every RGLD share held. (ie: 100,000 RGLD got you 95,000shares) Current price for Alma is sitting up around .33CAD/share? So it was a nice gift and 50k shares would be about 16grand.
Stepping back or zooming out from chart, we need to complete and break out of that wedge. Perhaps a 45-49day peak to peak cycle as we try to hold support on that lower tangent.
With trump signing the new stimulus bill, we may see more money coming into trades as the Robin Hood traders et al. come back buckets of "hopium" on the next ticker to follow. Signs of pumps are already here.
Personally, I sold some RGLD and bought AAX in order to do the same thing. Waiting for the same pattern to erupt and I'm hoping it is soon...
Trade safe~
mnovo
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sorry about the low internet quality folks
abel11
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good video. love your methods
CodenameA
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Thanks for the update @mnovo! A pleasant surprise indeed. I'm also about to find out as well how tricky it will be for me to trade Alma OTC via my broker as a non-North American. And lastly, don't worry about the quality of the vid :)