posted
Hi there, Thank God I found your forum; I have been reading for the last hour and simply love the board.
Okay, I am a 'rookie investing in penny stock. Currently, I have 25 investments and on your board I saw only 2 of my investments(QBID)(WNMI) Oh, I am so discouraged. WHAT am I doing wrong. I have no clue what stocks to buy, no clue when to enter, when to exit. I am ashamed to throw many stocks at you lol you would laugh but I do want to tell you about 1 and it is TFCT please check it out and tell me what you think...
I am excited to be here and look forward to guru's willing to teach this rookie. :-)
Have a nice day, Veda
[This message has been edited by Veda (edited March 27, 2004).]
[This message has been edited by Veda (edited March 27, 2004).]
quote:Originally posted by Veda: Hi there, Thank God I found your forum; I have been reading for the last hour and simply love the board.
Okay, I am a 'rookie investing in penny stock. Currently, I have 25 investments and on your board I saw only 1 of my investments(QBID) Oh, I am so discouraged. WHAT am I doing wrong. I have no clue what stocks to buy, no clue when to enter, when to exit. I am ashamed to throw many stocks at you lol you would laugh but I do want to tell you about 1 and it is WNMI please check it out.
I am excited to be here and look forward to guru's willing to teach this rookie. :-)
Have a nice day
Welcome to Allstocks, I'm a fairly new invester also and this is a great board I have learned alot just reading the posts. There are some great investers and traders here so don't be afaid to ask for advice but still do your own research on the tips you get. There are some very good research tool here also just use them.Good luck tradeing
quote:Originally posted by poorman: Welcome to Allstocks, I'm a fairly new invester also and this is a great board I have learned alot just reading the posts. There are some great investers and traders here so don't be afaid to ask for advice but still do your own research on the tips you get. There are some very good research tool here also just use them.Good luck tradeing
hi, could I ask you to look at TFCT and give me your honest opinion. I know you aren't suppose to fall in love with a stock, but, I really, really 'like' this one. thanks
posted
To your comment That you should never fall in love with a stock I don't agree, I have several I'm in love with but none of them are in penny land. You need to decide if your are a trader or an investor, a trader buys and sells on their gut feeling and quick info and long term to them may be a couple of hours, an invester does a lot of DD and at times buys stock that they will hold forever, I have several like this HDI is one of mine like that. On TFCT I did a quick search and it looks like it would work for a long hold but seems a little high right now for trading. But then I am not the most experenced investor on this board( far from it)If you go to the top of the page and look for search then type in your stock you will get any posts on the ticker you are looking for. Again never let ANYONE do your picks for you always do your own DD. http://www.prnewswire.comhttp://www.businessnews.comhttp://www.otcbb.comhttp://www.otclinks.com
quote:Originally posted by GREGDOGG: Veda.... TFCT looks pretty good, it shouldn't go much below .04 or .03 and once it pops it should see at least .10, buy at .05 sell at .09
Also scan old threads for others opinions on this stock.....Good Luck...
could you guide me on knowing when it will "pop?" My cost is 0.03 thanks a million Greg
ummm, why do you suggest I sell @ 0.9?
[This message has been edited by Veda (edited March 27, 2004).]
posted
In order to figure out a pop you should look to the past first. "Look at the past to predict the future".
No one really knows, unless your an insider or have a working crystal ball...lol
The reason I say buy at .05 and sell at .09 is because people who buy at .05 will look to sell at .10 so if you sell at .09 you can get out before the correction at .10
If you bought at .03 I'd sell some at .06 and some at .09, if you have a high risk tollerance I'd hold everything for .09, a 200% profit.
quote:Originally posted by GREGDOGG: In order to figure out a pop you should look to the past first. "Look at the past to predict the future".
No one really knows, unless your an insider or have a working crystal ball...lol
The reason I say buy at .05 and sell at .09 is because people who buy at .05 will look to sell at .10 so if you sell at .09 you can get out before the correction at .10
If you bought at .03 I'd sell some at .06 and some at .09, if you have a high risk tollerance I'd hold everything for .09, a 200% profit.
I am going to ask this question and then I am going to run lol. Why would I not hold the stock, until .25 I am struggling to understand why you are suggesting I sell so soon. Need I say, I am a rookie. lol
quote:Originally posted by Veda: I am going to ask this question and then I am going to run lol. Why would I not hold the stock, until .25 I am struggling to understand why you are suggesting I sell so soon. Need I say, I am a rookie. lol
I am also blonde, so this excuses me lol see I just responded to my post jeesh
[This message has been edited by Veda (edited March 27, 2004).]
[This message has been edited by Veda (edited March 27, 2004).]
posted
I'm not researching new picks right now, I'm moving on the 15th, so I have a lot on my plate...I'm going to look at a 4-plex for sale today, $143 000 bucks and it rents out for $1600/month, at that rate it should be paid off in 7-8 years.
The best way to find new picks is to read all the threads on this site and then look at their charts, 10 year, 1 year, 6 months, 1 month, 10 days, ect.
You'll probably find at least 10 that look really good....
posted
No that's not logical, what your asking for is 3000% profit on every pick, most people are happy with 30% profit, myself I play everything to at least 90%, but usually 100% to 300%.
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quote:Originally posted by GREGDOGG: I'm not researching new picks right now, I'm moving on the 15th, so I have a lot on my plate...I'm going to look at a 4-plex for sale today, $143 000 bucks and it rents out for $1600/month, at that rate it should be paid off in 7-8 years.
The best way to find new picks is to read all the threads on this site and then look at their charts, 10 year, 1 year, 6 months, 1 month, 10 days, ect.
You'll probably find at least 10 that look really good....
But you see, I have trouble reading those charts. I hear cup/handle and have no clue what that means. I have read this board all morning and afternoon and have written down oh about 15 stocks I am going to look further into. I need strategy, bad. I don't know when I miss the boat as they say. I feel I am waving good-bye as they pull off. Let me re-phrase, I am waving good-bye and my portfolio proves it.
If I sell, the stock goes up. If I buy, stock goes down. grrrr I must get some leverage.
quote:Originally posted by GREGDOGG: No that's not logical, what your asking for is 3000% profit on every pick, most people are happy with 30% profit, myself I play everything to at least 90%, but usually 100% to 300%.
I know you mean well, but sounds to me like you're getting way ahead of Veda.
From what I am reading, there's no way she/he can handle 25 (so-called investments) stocks effectively at this stage.
For example, Veda, BigCharts is a site...just add ".com" to get there. Do not want a stock so badly (even if you do love it) that you chase it in either direction (that's what Greg means by "chasing"). Forget Level 2 for now until you learn the basics.
Learn how to read a financial statement so you can interpret the fundamentals (earnings, ratios, returns, cash flow, etc) as YOU see them. Play around with various charts as Greg suggests so you can see similarities and differences.
Get in there ahead of the crowd instead of following it. Make your own choices as opposed to following (and supporting) someone else's. Remember that on practically every news release, someone is way ahead of you in having that knowledge!
Good Luck!
You should back off completely for a while until you have learned the bare minimums. Already, you want to buy more. BIG MISTAKE!!
posted
Also, Veda, it sounds to me like you're in to the sub-penny stocks. How many of those stocks have you ever seen with positive earnings as opposed to a loss. Get some value stocks where you can make profits. Then, play with the profits you make on the sub-penny stocks if you like...I, however, do not care for them. Find some value companies with earnings...after you have learned the basics.
[This message has been edited by Wallace#1 (edited March 27, 2004).]
posted
Hey Wallace, Good point.... I'm not sure how expierienced Veda is, she said she's kinda new but she owns 25 stocks, I can't see a newbie buying 25 stocks, unless they were trying to use up their 25 free trades from their brokerage. I'm sure she'll inform us further when she checks in later.
quote:Originally posted by Veda: I am trying so hard to figure out what I am doing wrong.
Could it be this? Okay, I tend to think if I hold 50,000 shares of RUN(example)@.02 my cost basis is $1000. I feel I should hold until at least .50
Is this logical? If not, why?
Veda
It looks like your trying to be an investor( see my former post) this is hard to do with penny stocks as most of them do not rise from .02 to .50 or we would all be rich. What greg was trying to explain was how to trade not buy and hold. Here is the way I like to do it. If I buy 100000 shares of xyz at .01 and it moves to .015 I sell, chances are it will go back to .01 and I have made 50% profit, if it goes back to .01 I buy it again and try to wait till it gets to .02 then sell half and keep 50000 free shares ( remember I have already made a profit and now have free shares) at some point I sell 40000 of my free shares this will all be profit as they are free and I keep the other 10000 shares because lighting can strike though it is rare. QUIB is a fine example lots of people got in at .0001 and now hold milions of free shares that may some day make them very rich, I will bet that everyone who got in that low has taken profit along the way, I made good profit on this stock but am out of it at this time, if prices drop low enough I will be back in if not then I will be on to the next stock, never worry about what you could have made just take you profit or loss and learn from each trade. There is an old saying that still rings true, bears eat, bulls eat and pigs get slaughtered( I spelled that wrong but can't get my spell check to work on this board)
quote:Originally posted by GREGDOGG: Hey Wallace, Good point.... I'm not sure how expierienced Veda is, she said she's kinda new but she owns 25 stocks, I can't see a newbie buying 25 stocks, unless they were trying to use up their 25 free trades from their brokerage. I'm sure she'll inform us further when she checks in later.
I have 20 stocks and yes I had 5 weeks to trade commission free. The only high stock I own is GERN and I am losing bigtime. My other stocks are penny, QBID TFCT WNMI THTHF to name a few. What I have done is followed the leader so to speak. Until I found this board I was on yahoo chat and when I saw someone pump a stock, I bought it, silly me. The only chart I can read is to determine the high and low. Now, on Wed. on my own I did some research on SEHO. I liked what I read and I purchased but you see I only purchased only 'likeness' as I have no clue regarding the current and past status of this company. Bought SEHO at 0.18 so as you see I have absolutely no business even trading, not at this level. I can not afford blue chip stock so I invest in penny hoping of course to hit the big jack pot. If I could just grasp the concept of when to enter and when to exit I just may light up green.
thanks for your help
[This message has been edited by Veda (edited March 28, 2004).]
quote:Originally posted by Wallace#1: Also, Veda, it sounds to me like you're in to the sub-penny stocks. How many of those stocks have you ever seen with positive earnings as opposed to a loss. Get some value stocks where you can make profits. Then, play with the profits you make on the sub-penny stocks if you like...I, however, do not care for them. Find some value companies with earnings...after you have learned the basics.
[This message has been edited by Wallace#1 (edited March 27, 2004).]
Hi Wallace, the problem is, I am not familiar with the charts. Could you give me an example using 2 stocks one that has no positive earnings as opposed to a company who does. Then I can look and compare. I appreciate your help. I am so discouraged and feel like selling what I have and starting all over.
posted
Maybe I am not a trader. Maybe I am in for the long haul. Let's talk about TFCT I believe this Company will turn over huge profits so why should I sell my 550,000@.05 when I forsee the stock selling for over $1.00 within the year? From reading the posts I feel all penny stocks are a failure and one should sell as soon as they turn a profit. Am I being unrealistic to believe a penny stock can make me super big money? Now I am scared and don't know what to do lol. thanks guys
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Commission free means nothing if you lose everything. I hope this is money you can afford to lose.
The "fundamentals" you MUST learn are rather easy. Most of it is common sense. Off hand I do not know a site that explains each of them, but I am sure one exists. Learn the fundamentals before going on to learn the charts. In the Revenue portion of a company's financial statement, earnings look like this - .01, .26,.41 or whatever figure. Losses (of earnings) look like this - (.01), (.26), (.41) or whatever (figure). START THERE!!! Start with earnings. Let others play with the stocks with losses (remember, they're "behind the eight ball" to begin with). Plenty of reasonably priced stocks exist with positive earnings pictures.
For charts, go to "StockCharts.com" and then click on "Chart School" along the top. Put in charts of the stocks you have and then try to interpret them by going to Chart School. DO NOT GO HERE UNTIL YOU LEARN THE FUNDAMENTALS!!!!
Commission free means nothing if you lose everything. I hope this is money you can afford to lose.
The "fundamentals" you MUST learn are rather easy. Most of it is common sense. Off hand I do not know a site that explains each of them, but I am sure one exists. Learn the fundamentals before going on to learn the charts. In the Revenue portion of a company's financial statement, earnings look like this - .01, .26,.41 or whatever figure. Losses (of earnings) look like this - (.01), (.26), (.41) or whatever (figure). START THERE!!! Start with earnings. Let others play with the stocks with losses (remember, they're "behind the eight ball" to begin with). Plenty of reasonably priced stocks exist with positive earnings pictures.
For charts, go to "StockCharts.com" and then click on "Chart School" along the top. Put in charts of the stocks you have and then try to interpret them by going to Chart School. DO NOT GO HERE UNTIL YOU LEARN THE FUNDAMENTALS!!!!
Are you still here Wallace? I have some questions for you. Thanks so much for your help and time
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