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I'm being serial. What can you do about this? Better yet, what are my options?Sure, have you plan administrator give me a call! You're in a crappy 401k plan!I just went to move some of my 401k to cash (up almost 10% ytd AND missed the huge tumble last year) and was informed I am now only allowed to make ONE TRANSACTION PER QUARTER
1. Quit the company and roll it into an IRA.2. Take out a loan and pay yourself back into the account.3. Take a distribution and pay the 10% penalty.
Thanks. So I cant self direct?
This is all silly talk.A managed retirement plan is so that you don't day trade your retirement monies. If you have the itch to trade, set up your own brokerage account.
Thanks for your opinion.
I am serious. I'm Director of Marketing for a retirement plan administrator. We consult & design DC and DB plans, and apparently your plan is poorly administered and allows zero flexibility. You company, depending on its size, can pretty easily change plan administrators, who would then redesign the plan and the plan documents.Did the plan administrators at your company give you any advanced notice as to this one transaction per quarter change? They're required by law to do so.You can self-direct if your plan allows it. Very few do.The first step in making changes to a 401k plan is to let your company administrators know of displeasure, whether its yours or others. In time, they may realize the overall unhappiness of its employees with the plan and make changes.Random said:I'm being serial. What can you do about this? Better yet, what are my options?Revo said:Sure, have you plan administrator give me a call! You're in a crappy 401k plan!Random said:I just went to move some of my 401k to cash (up almost 10% ytd AND missed the huge tumble last year) and was informed I am now only allowed to make ONE TRANSACTION PER QUARTER
. WTF. Anything I can do about this?
Yes I had advanced notice. I'm apparently on some sort of probation for making too many changes and am now on a restriction. It sucks.What steps should I take to self direct (assuming this means what I think it does)?I am serious. I'm Director of Marketing for a retirement plan administrator. We consult & design DC and DB plans, and apparently your plan is poorly administered and allows zero flexibility. You company, depending on its size, can pretty easily change plan administrators, who would then redesign the plan and the plan documents.Did the plan administrators at your company give you any advanced notice as to this one transaction per quarter change? They're required by law to do so.You can self-direct if your plan allows it. Very few do.The first step in making changes to a 401k plan is to let your company administrators know of displeasure, whether its yours or others. In time, they may realize the overall unhappiness of its employees with the plan and make changes.Random said:I'm being serial. What can you do about this? Better yet, what are my options?Revo said:Sure, have you plan administrator give me a call! You're in a crappy 401k plan!Random said:I just went to move some of my 401k to cash (up almost 10% ytd AND missed the huge tumble last year) and was informed I am now only allowed to make ONE TRANSACTION PER QUARTER
. WTF. Anything I can do about this?
Self directed means having access to an individual brokerage account. Most mutual funds have short-term redemption restrictions, meaning you can't sell them for whatever the minimum holding period is (usually 90 days). It seems like the funds in your plan have these restrictions in place. Generally, it's the mutual fund companies themselves that place the trading restrictions on the individual investors, not the plan administrators. So there's very little you can do in that case, besides checking the prospectus to see which of the funds have the restriction and which do not.
I guess a cross back into the tens would bring back some buyers and bring some sort of normalcy back. But until we get some momentum and volume, this is going to remain a trading vehicle. Keep in mind this ran to 21cents last week in advance of the report. Most of the people got in in the 2cent area, so they're obviously still holding. Its the swing traders causing all this mess. We have a nice move today but we need to be able to sustain it next week. One this stock gets rolling (in either direction) there's a lot of money to be made.springroll said:
I am looking at this and it seems to jump between .0001 to .0002 regularly (though good charts are hard to come by). It even hit .0003 once today. I am wondering why a person wouldn't put $500 (5,000,000 shares) on this at .0001 and set a .0002 limit.The volume would seem to support it (357,000,000).What am I missing?NajehHejan said:
Bought some. Now up to $0.25, already made 25% today!
I think we make a couple hundred in a short time. I have 20 legs for 400. Didn't really want to, but i sold a couple BAC options when they ran to 105% today. They expire on the 22nd and i saved a few legs for more of a runup and hopefully a short squeeze at the end.
Not to be the word police but by the way you use "leg" I think you mean contract.
Honestly, yes. The way the market has been going I would have expected $4.75 and $4.00 for PRGN and SBLK, also considering the earnings from the other shippers.
I wasn't until you said something.....lol. J/K. Didn't both of those have their runup before reporting?? Or has Drys not reported yet?? Not sure, but I know drys has gone from under 6 to to over 6.60 in a week or so for a 10% gain. You might be right though, might want to temper my enthusiasm about prgn hitting 6 this quarter like it did last.
The issue is you need to get lucky. My buy orders at .0001 have not gotten filled. There is a long line of folks that want to buy at .0001 and sell at .0002. Easy 100% profit. I’m surprised it ticked up to .0003 because there are so many flippers that bought at .0001 and just want to sell at .0002, they don’t care about 3 or 4 or even 5 – they don’t want to get greedy, they just want a quick 100%. It will probably take pretty good news to get out of this constant flip. I only have a few hundred on it so I’m just playing the waiting game, hoping once it breaks I can sell at .0006 or .0008 and make 400-600 bucks.
This is correct. I had a buy order in for .0001 all day yesterday and it didn't get filled, despite plenty of trades going through at that price.
Well, I guess I will get in line behind you guys then. I am not sure in what order these things fill, but if it can be screwed up, I am sure zecco will. I will let you know if I get in.I also find it interesting that the price is always a round number (.0001, .0002, etc). Do the markets allow for any more decimals? It seems that if they do, some would get sold for .00015.And why wouldn't the company do a reverse split?
lol, I have as much in these guys as I do in PM's.
Maybe for a day trade, but never for an investment.
arent pretty much all the trades talked about in here short term plays?
Fair point. There have been some long type discussion on Oil a few months back and Nat Gas for this winter.
Good stuff - almost all of Europe up 1.5% and Asia up 1%.Oil up big - I'm guessing a big plunge in the USD Index today.
Ooooof - Cracked a 78 handle.... down to 77.91. We have cracked the USD lows of the end of last year. 74 handle is now in play.
Any suggestions on what to do with my shares?
Sold my 2000 at $1.62
You talked me out of selling at $1.50. thank you!!!
hahaha, and of course it is now at $1.85 4 minutes later.
i would sell it all. Kerx should pull back. Possibly a lot. There will be a lot of quiet time in the near future.Disclaimer... I am pretty new to the market.
Congrats to those that held.
