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Was wondering if tommorw the stock would be .011 or lower to buy into with $1000 of margin buying power. I am not an expert but I strongly feel this stock will shoot through the roof in the next week. At least .04 if not more. Thanks to all
Posts: 795 | From: Brown Deer, WI 53223 | Registered: Feb 2004
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Better check with your broker ... but most will not let you use margin for a penny play.
Posts: 3417 | From: Cleveland, Ohio | Registered: Jan 2000
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My guess is that it'll repeat the pattern it's had the past couple days. Up at the bell, with some profit taking before 2pm (esp. since Friday is margin call for a lot of people), then back up before the close. I hope it breaks 02, but not too sure. I'm gonna try to sell some after 1:30 and buy more on a dip.
Posts: 1210 | From: Virginia | Registered: Feb 2004
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quote:Originally posted by joeyisthebest: Was wondering if tommorw the stock would be .011 or lower to buy into with $1000 of margin buying power. I am not an expert but I strongly feel this stock will shoot through the roof in the next week. At least .04 if not more. Thanks to all
Joey. You say you area newbie but you always want to use your margin to buy stocks, if I remember you wanted to do this on cdvj and everyone advised against it ( hope you listened)this play should only be used by VERY experenced traders, there is a huge risk involved. IMHO you should learn much more before trying this,I have been investing for years( though new to penny's)and have never borrowed money to play a stock. ONLY RISK WHAT YOU CAN AFFORD TO LOSE.That said you will probably do this sooner or later so good luck I hope you win with it, if not, then we all have to learn sometime and nothing will teach you how to trade like losing money.
Posts: 1169 | From: Pollock Pines Ca | Registered: Feb 2004
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Poorman I did not invest in CDVJ because I did research and traded another stock to buy the stock straight. I am seriously considering this for QBID though because it is a much more powerful stock with more momentum.
Posts: 795 | From: Brown Deer, WI 53223 | Registered: Feb 2004
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quote:Originally posted by joeyisthebest: Poorman I did not invest in CDVJ because I did research and traded another stock to buy the stock straight. I am seriously considering this for QBID though because it is a much more powerful stock with more momentum.
Joey: Ameritrade will not allow you to trade with the margin acct on pinks. QBID is a pick. I see us moving up right off the bat monday just to drift down around 11 to 3. I am going to sell half of my stock sometime before 11 and buy it back later hopefully on the dip. Very dangerous to do this type stuff but the risk is worth the reward.
Posts: 1046 | From: Evans. GA 30809 | Registered: Jan 2004
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quote:Originally posted by joeyisthebest: Poorman I did not invest in CDVJ because I did research and traded another stock to buy the stock straight. I am seriously considering this for QBID though because it is a much more powerful stock with more momentum.
Glad to see you didn't use the margin on CDVJ alot of us are getting creamed on that pick( I'm one of them)I hope you didn't take offence at my post I just know useing a margin is very risky and didn't want to see you get stuck with a stock going down on borrowed money. Lots of luck trading.
Posts: 1169 | From: Pollock Pines Ca | Registered: Feb 2004
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No offense was taken poorman I am just trying to enhance my portfoilio to the best of my ability. That is why I am into the pink stocks because the have the most potential with the least of all risk. Yes you can loose your initial investment of 200-300 but you can turn it into 200k or 300k depending on the stock purchas price and sell price. I think that QBID will be down on Monday however not confident enough to sell my shares because the risk is way to high for me. Thanks to all and good luck on monday.
Posts: 795 | From: Brown Deer, WI 53223 | Registered: Feb 2004
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