Allstocks.com's Bulletin Board Post New Topic  New Poll  Post A Reply
my profile login | register | search | faq | forum home

  next oldest topic   next newest topic
» Allstocks.com's Bulletin Board » General Investing Topics » Pennies are really heating up

 - UBBFriend: Email this page to someone!    
Author Topic: Pennies are really heating up
dmxbr9
Member


Member Rated:
4
Icon 1 posted      Profile for dmxbr9     Send New Private Message       Edit/Delete Post   Reply With Quote 
just wondering how newbies are doing and if they needed any guidence from the experienced players...post some ? that i can help u with, or if your shy PM me...
GL to all
Happy Profits

Posts: 375 | From: New Jersey | Registered: Apr 2005  |  IP: Logged | Report this post to a Moderator
rivrwrat
Member


Rate Member
Icon 1 posted      Profile for rivrwrat     Send New Private Message       Edit/Delete Post   Reply With Quote 
HI dm, thanx for asking..Well this so called venture into investing in stocks has been tough at first, but after reading alot of posts and losing about $500 you learn quick to do your DD and dont beleve all the BS that goes on here..but after a few mths you learn so im back on the upswing of making some money

--------------------
a penny saved is a penny i can make millions on the pinks

Posts: 114 | From: PA | Registered: Sep 2006  |  IP: Logged | Report this post to a Moderator
OILDOG
Member


Rate Member
Icon 1 posted      Profile for OILDOG     Send New Private Message       Edit/Delete Post   Reply With Quote 
A "few mths", only "$500"!!!!!aaaarrrrggggghhhhh!!!!!!!
Taken me 2 YEARS...to learn that!!!!Lost $1200 in ONE stock last month,followed the hype. Bailed. I dont wait around!!!!Had to laff at myself. I knew better!!! oooowwwwwooooo!!!!
I have the IQ of a paperclip at times!! [Frown]

--------------------
It takes a lot of attaboys to make up for an aww chit

Posts: 483 | From: OK | Registered: Aug 2005  |  IP: Logged | Report this post to a Moderator
GoldMember
Member


Rate Member
Icon 1 posted      Profile for GoldMember     Send New Private Message       Edit/Delete Post   Reply With Quote 
I bought 20000000 shares of AUGC at $.0001/share, with the intention of selling those same 20000000 shares at $.0002/share (AUGC jumps from $.0001 to $.0002 per share on a daily basis) for a 100% profit. My sell requests have been ignored by the MM for five days straight now. What do I do?

--------------------
Greed Kills

Posts: 5 | From: Canada | Registered: Jul 2006  |  IP: Logged | Report this post to a Moderator
Machiavelli
Member


Rate Member
Icon 1 posted      Profile for Machiavelli     Send New Private Message       Edit/Delete Post   Reply With Quote 
As I've suggested to you in your own thread... try trading in higher priced pennystocks that might get their shares filled on a faster pace then those micro pennies you are trying right now...

--------------------
Let the world change you... And you can change the world.

Ernesto "Che" Guevara de la Serna

Posts: 4669 | Registered: Mar 2004  |  IP: Logged | Report this post to a Moderator
Phoenix
Member


Icon 1 posted      Profile for Phoenix     Send New Private Message       Edit/Delete Post   Reply With Quote 
quote:
Originally posted by GoldMember:
I bought 20000000 shares of AUGC at $.0001/share, with the intention of selling those same 20000000 shares at $.0002/share (AUGC jumps from $.0001 to $.0002 per share on a daily basis) for a 100% profit. My sell requests have been ignored by the MM for five days straight now. What do I do?

Sell request(s)?

Make sure you use a GTC (Good Til Cancelled) order, and set it and forget it. If you're letting the order cancel at the end of the day it'll never get filled because you're dropping to the bottom of the sell queue as soon as it cancels.

Also, it can be difficult to sell on the ask. Sometimes a stock needs to go to .0002/.0003 before you can sell -- depends on the buying pressure.

edit: also, 20M shares is quite a bit..if you're trying to do that as an All Or None (AON) order, you may have extreme difficulty selling....

Posts: 287 | Registered: Jul 2005  |  IP: Logged | Report this post to a Moderator
beechwood
Member


Rate Member
Icon 1 posted      Profile for beechwood     Send New Private Message       Edit/Delete Post   Reply With Quote 
Goldmember:

You forgot one small but important detail.
The MM will never buy back from you at the
ask price - only the bid or less.
That's how they make their money - by the spread.
That is, the difference between the two.
If the spread is .0001 x .0002 then 1 is the
bid and 2 is the ask the MM will only buy it
back from you at bid (.0001).
Then he flips it at the ask (.0002)
Why would he buy it off you at .0002 with
no buyers for him at a higher price?
There are exceptions but not many.
I recently picked up a boatload of shares
of VIPM (a clean shell looking for a buyer)
at the bid price of .003 x .006
It just so happenned he had some a bunch
of leftover shares at that price.
It went to .009 and I dumped it all for
a 3x bagger.
It went back to .004 x .009 and I tried to pick
some up again at bid (.004) but to no avail.
I have a GTC limit order in for same but no luck.
VIPM is a clean shell looking for a reverse merger (R/M) - the best thing that can happen
to a penny stock.
They have a few candidates in mind but no news as yet.
Check out www.shellstoc_review.com for the
lowdown on R/M's.

Posts: 669 | From: Gouldsboro, Pa. | Registered: May 2006  |  IP: Logged | Report this post to a Moderator
   

Quick Reply
Message:

HTML is not enabled.
UBB Code™ is enabled.

Instant Graemlins
   


Post New Topic  New Poll  Post A Reply Close Topic   Feature Topic   Move Topic   Delete Topic next oldest topic   next newest topic
 - Printer-friendly view of this topic
Hop To:


Contact Us | Allstocks.com Message Board Home

© 1997 - 2021 Allstocks.com. All rights reserved.

Powered by Infopop Corporation
UBB.classic™ 6.7.2

Share