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Warning: Moderators do not remove likely scams. You must use your own brain: caveat emptor. Watch out for Ponzi schemes. Do not invest more than you can afford to lose.

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Author Topic: newbie question on cryptostocks  (Read 1942 times)
df5102 (OP)
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October 23, 2014, 01:28:37 PM
 #1

i have purchased a stock  which is at the ipo active state, so i cannot sell that stock. how do i know when will i be able to sell again?
Germican
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October 23, 2014, 01:32:43 PM
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When ever the owner decides to lower the ipo flag. A few scams never allowed you to sell. Also they can raise the ipo flag again at any time. A while ago cryptostocks didn't have that feature and I personally think they shouldn't still.

Personally I'd never buy into an ipo flag. Once it drops several people will start selling and the price will almost always be cheaper than the ipo price.
df5102 (OP)
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October 23, 2014, 01:45:42 PM
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normally, how long will it remains as ipo active? the stock i have bought is autotrade, which seems to be ipo flag since July 2014.
twentyseventy
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October 23, 2014, 02:10:22 PM
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normally, how long will it remains as ipo active? the stock i have bought is autotrade, which seems to be ipo flag since July 2014.

I believe that Autotrade has been outed finally as a scam per the lack of activity in the thread (I've been a detractor since day 1). Cryptostocks is 99% scams, hopefully you didn't purchase too much and this will be a cheap lesson.
df5102 (OP)
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October 23, 2014, 02:27:16 PM
 #5

thanks for your advice, luckily it is only 0.5 btc. anyway most stocks in cryptostocks lack liquidity and it seems to me the prices of most stocks are going downwards.
 
One other question, is there any way to change the login email?
Little P 1
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October 30, 2014, 11:18:17 AM
 #6

They are not all scams look carefully and contact the owner before investing.

Preferably get in touch personally if you can.

Do your Due diligence and remember that its a very risky market but you can make some money.

On investing generally if you are expecting large amounts every week then your expectations may be high these are normal business just like in any market and it takes time to set things up and get returns.

There are a few golden opportunities if you do your research.

On liquidity without market makers in the stocks it will always be a problem understanding how the company will deal with liquidity pre  or post ipo flag is important.

I think the IPO flag is actually a good idea for owners they did not force you to invest before it was removed.

Kr,

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thy
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October 30, 2014, 01:11:07 PM
 #7

When ever the owner decides to lower the ipo flag. A few scams never allowed you to sell. Also they can raise the ipo flag again at any time. A while ago cryptostocks didn't have that feature and I personally think they shouldn't still.

Personally I'd never buy into an ipo flag. Once it drops several people will start selling and the price will almost always be cheaper than the ipo price.
The possibillity to raise the IPO flag again at any time after the initial shares has been sold was removmed many months ago, do you mean that kumala has reintruduced that again recently ?

AcoinL.L.C
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October 30, 2014, 01:17:32 PM
 #8

When ever the owner decides to lower the ipo flag. A few scams never allowed you to sell. Also they can raise the ipo flag again at any time. A while ago cryptostocks didn't have that feature and I personally think they shouldn't still.

Personally I'd never buy into an ipo flag. Once it drops several people will start selling and the price will almost always be cheaper than the ipo price.
The possibillity to raise the IPO flag again at any time after the initial shares has been sold was removmed many months ago, do you mean that kumala has reintruduced that again recently ?

I was under the impression he never actually removed it, he just planned on doing it
thy
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November 06, 2014, 02:15:44 AM
 #9

When ever the owner decides to lower the ipo flag. A few scams never allowed you to sell. Also they can raise the ipo flag again at any time. A while ago cryptostocks didn't have that feature and I personally think they shouldn't still.

Personally I'd never buy into an ipo flag. Once it drops several people will start selling and the price will almost always be cheaper than the ipo price.
The possibillity to raise the IPO flag again at any time after the initial shares has been sold was removmed many months ago, do you mean that kumala has reintruduced that again recently ?

I was under the impression he never actually removed it, he just planned on doing it
I was under the impression that companys that have removed the IPOflag after the announcement should not have been able to put the IPO flag up again, that part i think worked (or has there been any company that did that ?)

The thing kumala failed to implement correctly and still hasent fixed was removing the IPO flag for companys that first had the IPO flag on, then had taken it away but then later(but before the announcement) had put a IPO flag back up again. All those stocks that had been traded openly on the market before the announcement should have had the IPOflag removed many months ago.

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