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Alright guys, Like the rest of you I follow a bunch of penny stocks daily. I thought it would be nice to just create a “General Pennies Chat”, so I started this thread. We will have to see if you guys like it, and respond to it with your suggestions. It is more for what stocks to watch every day or the next day.
I have been Trading stocks as my means of making money for about half a year now, so I am new to it, and any suggestions from anyone as to what stocks are Hot or Not are always helpful. Only thing I ask is to please try to post general discussion, the usual talk about the bid and the ask on a stock every couple of mins is not necessary, but there are times when it should be mentioned…
Here are some of the stocks that I feel are worth watching for Thursday:
GRMU: Closed $.0012 with 24,214,000 in volume. Volume is a little low on this guy, but it looks like it is starting to move forward, and I see it in the green for the next couple of days.
FCDH: Closed $.0014 with 216,600,635 in volume. This stock daily has high volume. There is a Dividend on December 29th, and the EX date is Friday, so in order to reap the benefits of the Dividend, you have to be a share holder by Friday. I think this will lead to high volume, and I see this stock being in the green on both Thursday and Friday.
SGLS: Closed $.052 with 17,359,074 in volume. This stock has been on the up for several weeks now and I see the trend to continue. I spiked today, but it seems to have settled by close, and I see it to be green again tomorrow and through the next several days. This stock reminds me a lot of what AMEP looked like in early September.
SVXP: Closed $.0008 with 280,654,767 in volume. This stock has been moving up over the last month, and more so over the last week. It has enough volume that I am comfortable with it, and I see it continuing to stay green for the near future.
OK, those are my picks. Everyone can feel free to comment on the picks, or to add several of your own. Any comments are welcomed.
Good luck to all on Thursday!!!
-------------------- All you need in this life is Ignorance and confidence; then success is sure. Mark Twain
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PBLS... Nice one to watch, I'll add it to my list. The overall trend looks down, but it also does look like it has begun to turn the corner and go Green. I would look for a little more volume before I would be comfortable with it. I'll have to look into it some more...
Thanks for the post!
-------------------- All you need in this life is Ignorance and confidence; then success is sure. Mark Twain
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quote:Originally posted by KillaKmetz: I would look for a little more volume before I would be comfortable with it. I'll have to look into it some more...
Volume is relative to the float. Volume is very important but you can't compare the volume of one stock to the volume of another stock purely on face value.
A stock with 5 billion shares in the float can trade a couple hundred million shares without affecting PPS.
A stock with less than 100M shares in the float can trade less than a million shares and make 25% - 50% gains.
You've got to consider the overall picture when analyzing the volume of a particular stock.
-------------------- All of my posts are based on my opinion. My opinions are based on the info available to me at any given point in time. Do your own DD and see if you concur.
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quote:Originally posted by KillaKmetz: I would look for a little more volume before I would be comfortable with it. I'll have to look into it some more...
Volume is relative to the float. Volume is very important but you can't compare the volume of one stock to the volume of another stock purely on face value.
A stock with 5 billion shares in the float can trade a couple hundred million shares without affecting PPS.
A stock with less than 100M shares in the float can trade less than a million shares and make 25% - 50% gains.
You've got to consider the overall picture when analyzing the volume of a particular stock.
good post...
lol--I'm a lil embarrassed to say this, but I wonder whether there's a single indicator/variable/factor whatever, that shows OS/float ratio...
anybody?
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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quote:Originally posted by BuyTex: lol--I'm a lil embarrassed to say this, but I wonder whether there's a single indicator/variable/factor whatever, that shows OS/float ratio...
anybody?
Very good question Tex.
If there is an easy way to compare stocks based on a float ratio I'd be very interested to know what it is.
Personally, I compare price level, price movement, volume and reported float (if reported).
For instance, look at QBID. It is trading at the .0002 - .0003 range. 320,660,704 shares traded today and it moved one tick without leaving the .0002 - .0003 range. Great volume but when you look at the entire picture, it doesn't look so good. 1/3 of a billion shares can't move PPS more than one tick?
comparing price level, price movement, volume and reported float (if reported), becomes quite involved when you are comparing 3 or 4 stocks. That is a lot of info to process. If there is an easier way I'd sure be interested to know it.
Until someone shows me an easier way, I'll be pouring over charts and data.
sorry about hijacking your watchlist thread.
-------------------- All of my posts are based on my opinion. My opinions are based on the info available to me at any given point in time. Do your own DD and see if you concur.
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I think its going to a great day for FCDH. Im hoping for a dip so I can buy more but even at .0015 or .0016 you will still make money over the next couple of days. IMO
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If the charts are right - ARGC should be making a move anyday. It is oversold (RSI under 30) but in a bullish trend right now. The 50ma is over double the 200ma.
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Well almost every stock on my watch list is in the red today... how about you guys?
GZFX & CMBV are barely green, and their volume is so low it is barely worth mentioning them.
Besides them, the only one that is green so far that I am following is SYCI. HOFF and UGHO are also on my watch list and green, but they also trade above $.60.
Any good ones so far today that I don't know about?
-------------------- All you need in this life is Ignorance and confidence; then success is sure. Mark Twain
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Here goes one for you not on OTC, but on the Nasdaq. It's a company that everyone thing is down and out noooooo! This thing is about to make a nice rebound to around a 1.00 anytime now, this one should be on your list/radar for sure. If I'm wrong that means I am loosing my touch on reading these things... PRGX
However as you know nothing is promised in this world, but chances are really good if you get in now, you will be on a ride to $1 soon...
Do your own DD and make your own choice, it's a lot of things that don't look good for them, however I look to the future and the things that they are currently doing to get to the future and in my view this is a steal right now.
PRGX!
-------------------- We are in it to win, why not win togather.
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FEMO PRGX - The 200MA is 3X the 50 MA - that thing is in a bearish move. I would wait until it flatens out some more plus the RSI is at 48 - It could go either way. JMO
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If you look at the charts ARGC looks like it could get a bounce here within a week or two. It is at .01 right now. It is way oversold with an RSI of 24 and the 50MA is double the 200MA. This is a bullish move. We'll see what happens.
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Honestly and I say this without bias - stay away from them. If you research the company they have R/S so many times it is pathetic. My father n law lost his shirt on those guys. Others tried to tell him then. It is a lost cause.
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Betting that one really took off. The news is helping those guys. If they can land that US deal that one should take off.
I'm in GZFX and then onto PBLS. Another one to watch at the end of January is EFSF. If they get the good news on their product that they are expecting. That one will go crazy. I don't own it though.
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Yea, FCDH needs a nice PR... but what stock doesn't need a nice PR? Anyways, I struck out bog time today. My only stock in the green was GZFX, but that only up .77%
Some days you get lucky, other days, like today, you Suck. The green ones on my list where all over $.15 but they were MOBL HOFF VSUS& UGHO.
Well lets hear the ones to watch on Friday guys... I gotta go through the websites I use and check what email notices I got, and I will post any new stocks I found this evening.
-------------------- All you need in this life is Ignorance and confidence; then success is sure. Mark Twain
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OK guys, an old stock I used to be in just popped up today. The symbol is MCZ. I bought in last spring in the low $1's and sold out at $1.60's. Since then it dropped because (I forget the exact details...) it was because Microsoft wouldn't allow them to do something, but I forget what it was, and so the wheels fell off. Well if you can't beat them, join them, and they signed an agreement with Microsoft for the XBOX 360 etc. today... check it out. This guy is goin green big time!
-------------------- All you need in this life is Ignorance and confidence; then success is sure. Mark Twain
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quote:Originally posted by shomethamoney: FEMO PRGX - The 200MA is 3X the 50 MA - that thing is in a bearish move. I would wait until it flatens out some more plus the RSI is at 48 - It could go either way. JMO
The logic to it is in Bearish mode, for the short term, but if you get in now or anywhere below a $1 and are in it for at least a 50% ride up, you will get it. thats all I'm saying. They are doing all the right steps to get things back on track. Watch once it breaks a $1 it will takes giant leaps forward for another good .20-.50 before having retracements for awhile then move towards $2.00. PRGX!
Thats all I'm saying. lol
But good view!
-------------------- We are in it to win, why not win togather.
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KillaKmetz good pick, the Bulls are in control of that stock 8/4 right now, and they have more room to move forward before retracements happen. I don't think it is too late to jump in this one and make some nice profits, I might have to watch this one close for a gap down around high .60s and see if I can't jump aboard, after the early morning gap up. MCZ! very bullish
-------------------- We are in it to win, why not win togather.
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Yea, Femo & YunG, I like both of your pics. I also like my MCZ, and that is the only one I was able to ocme up with tonight. With Thursday's PR I think that MCZ will be the biggest gainer on Friday, but I am thrilled to have STTK and PRGX to keep an eye on also.
Thanks for your picks Guys! Now I just gotta figure out what to do on Friday... I unfortunately loaded up on FCDH on Tuesday, so now I gotta decide to wait and hope, or take a 20% loss and jump into one of these guys... owell, so is life.
-------------------- All you need in this life is Ignorance and confidence; then success is sure. Mark Twain
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