this allstocks board will help you, Ive learned alot here just in a few months....STAY AWAY FROM GROUP PLAYS......I know i learned the hard way also feel free to post any bottom plays anyone
Posted by pensandoenti67 on :
listen to DoubleS you will lose your underwear and the skidmarks that are not on them
Good luck, this is a good place to make money, need to learn when to get in and when to get out!
Go with your gutt feeling, if your goal is to make 50% and you have it get out, there will other to make another 50% on them.
There are a few that are for real, look for companies that have a real product, call them and ask them to send you a flyer or information.
For example I called FCCN and received a complete paket on how to start your own franchise with numbers to their lawyers etc.
Do your own DD (research on any stock), don't go by what other say.
Becareful of those who say:, "get in now" "it's okay we will rebound." and "it was a good day today." all these things said after your stock keeps losing 10-20% each day and they continue to say good time to get in.
I have learned to if my stock id dropping to get out protect my investement and profits then catch it when it settles at the low, then I re-evaluate, check the interest (volume) then maybe get in.
Verify the news from any company yourself, write to the company, check their website etc.
There are good people here and some that are there to take the newbies money.
Great place to multiply your intial investment 10 times and also a place to lose 100%
Posted by rickpic on :
If somebody says Buy Buy Buy! See if they say when to Sell Sell Sell! If not they are not looking out for you at all!
GLTY Rick
Posted by Tryintomakeabuck on :
Im new to trading and the board but how can you tell if its a group play? Is it by the number of size of trades going through? I know this might be a touchy subject on the board but who is best to follow and who do we stay away from.. I am still trying to learn where to get all the information on these companies.. Any help to the newbie thread is fine info cant hurt.. Thanks ,, Gary
Posted by The Nice Guy on :
There is a lot of crocks here...I know two of them so far. You would know them in due time too. Those who talk about "chart" "chart" "chart". Just watch your fav. stocks and get in when volume picks up or when the bid is rising. Don't be greedy.
Posted by BuyTex on :
good start to what could be a great thread...
one side-note, rickpic: group-gropers often will, in fact, post "when to sell"--but it's w-a-a-y above where they know they're going to exit. My simple point is: Simply because they post an exit target is no indication of a "heads-up," genuine type notice...a quick rule-of-thumb is good exit strategy is based either on "safe" percentages or the trader's charts, explained, with links. When you see, "I heard," "a birdie told me," etc...ding ding ding...scam bells should be sounding.
Glad y'all started this thread, could be very good.
best to all
Posted by BuyTex on :
quote:Originally posted by Tryintomakeabuck: Im new to trading and the board but how can you tell if its a group play? Is it by the number of size of trades going through? I know this might be a touchy subject on the board but who is best to follow and who do we stay away from.. I am still trying to learn where to get all the information on these companies.. Any help to the newbie thread is fine info cant hurt.. Thanks ,, Gary
Well, for instance, a new join date can be a giveaway. Do not take this personally. If you are really new and asking, you will be fine.
However, because this is one of the premier boards, we get a lot of "newbie" questions. Some stay--I did. Unfortunately, that also translates to being a target for scam artists trolling for newbies...They come in, get busted by members, get banned from the board.
Yet because of our open structure, they can return under a new "nick" or "handle," often pretending to be new.
A clear giveaway, though is when a "newbie" signs up on, say, Friday, and by the next Sunday evening is posting as a pro.
Other signs: a stock with no "business" starts getting pumped; "Hey, you guys--forget DD. Let's just play low-floaters."
just a few...
others have other clues...
Actually, we should just have a thread for "g*angb*angs" then whoever wants to play em could play em. What pi$$es folks off is when they show up acting all innocent, then later when the dump is over, they're like "Who? me?"
Posted by rickpic on :
BuyTex
I hear that and thanks for bringing that up! What I was saying was a reality sell post like the ones you may have seen me post! How many times do we see the starter of a stock topic stick with the crowd and not only recomend the stock but also, be there with a warning near or at there sell point! We need more of that here for sure! Many newbees follow the cool-aid being served and are left to fend for themselve when the run gets close to its top or starts falling! At the end of the day we are all responcible for our own investments, but its easy even for a seasond veteran trader to get caught up in the momentume, never mind a rookie who has no idea what signs to look for! I bring picks to this group because for the most part there are straight up guys here, but wolves do lurk here as well! Checking the born on date of someone doing the Ra Ra is a good idea as well. I see threads here right now where it was started by a first day poster and 6 other new posters are the ones posting to that new starter! All the same person? Could be! A group bringing in there picks? it could be! Just a coincidence? It could be!
Rick
Posted by BuyTex on :
ya, rick, lottsa clues... da vets here can knock it off quick...
as you sort of imply, when a thread suddenly gets "populated" by those types or all "joined-yesterday," that's WAY obvious. What is more subtle? Some of these scamsters will actually "store-up" handles, that is, create several/many that they can then "reach back to" with a nick that's a few months' old. A giveaway there is, say they joined 6 months ago, and show up today with 2 posts.
Another is "Charts? we don't need no stinking charts!" or whatever, news, DD, etc. Anything to attack the character of the poster instead of the validity of the message.
Posted by pensandoenti67 on :
Look at NWPO pages 60-80 bunch of new imposters and MM's running and scaring and pumping it perfect example of imposters and wolves.
Posted by BuyTex on :
yup, good example, pens
Posted by rickpic on :
Its a Rat Race thats for sure! One sure way to not look back at why, is to look into a stock, the caliber of the news or is the stock up 200-300% when the cool-aid is served and trust yourself at the end of the day! Knowone is right all the time! Im as capable of losing on any given day as anyone! Thats why I have gotten so quick on the out button UP or DOWN! grab the profits and cut the loses unless you are going long, and this market has few I would hold long and most that I have, I have lost on eventualy.
Posted by rickpic on :
pensandoenti67 and here I was thinking I was the only one who saw that! Good eye!
Rick
PS but I think the situation there started a wee bit before page 60!
Posted by Bearclaw on :
All of you... There are so many wonderful points all of you have brought to the table today. I just opened this thread because I thought it may be the beginning of another scam. My Friday evening "Neighborhood Watch" of which many of you are volunteers also. I'm so relieved it is not a scam tonight. Even if it was the folks who have posted are folks who have stood up and fought to keep the integrity of this site. I have nothing to add to all the great tips posted other than to say "THANK YOU...ALL OF YOU" Have a great weekend and a great week of trading ahead for all...
Posted by pensandoenti67 on :
rickpin (NWPO) I been here since last year (different alias then) and I had never seen a stock with so much BS and wolves, gosh people came from all over the place it was hard to trust anyone it was a war zone. I got so many PM's telling me to get out. It was a bit scary and I been here for a while, I'm not saying I'm an expert but the past two months my profits have really soared and it's by doing exactly what you say. Have to know when to take your profits and exit.
I posted when I got in in NWPO in the first day that FrOGGY started the thread, I posted my exit and man I was ambush of why I was getting out, several of the members congratulated me saying "good job and profits for you pens."
Those are good people, those that bashed my at first for getting out when the stock was going down, well only they know.
Why is it okay to post I'm in with xxxx shares, but not when I get out? I think posting your entrance and exit is good, it let's people know why it may have gone down a few cents, and not that the company is doing anything wrong or bad news. Maybe I'm wrong on posting my entry and exit points?
Anyways good luck to all trading as I said before
you can go from $1,000 to $10,000 easy on this message board.
Also, that $10,000 can go to ZERO if you are not careful and choose your exit points. NEVER PUT A BIG CHUNK ON GROUP PLAYS, IF YOU WANT TO PLAY PLAY $250 DOUBLE TRIPLE AND GET OUT.
Posted by OnPoint on :
Thanks guys for all the useful tips, heads ups (?), etc. It is very helpful to us nubees. I've enjoyed this site for several weeks now, since I first found it. I'm just starting to get to know some of you by comment, style, etc. Getting to know who the characters are who's reasonable, legit, or otherwise. I finished the week with profit- up 22% mostly in the last 3-4 days. thanks much to this site. Might start to get the real hang of it soon - with some help of course. thanks for sharing,
Posted by rickpic on :
One more note!
I will not hold any stock no matter how much I love the company. If I believe I can buy it back for less than I sold it for!
just food for thought!
Rick
Posted by BuyTex on :
pens, I posted I was headed for the door at the high ( as far as I know, haven't watched every day) around 1.61 to 1.64. Did I know it was the high? heck, no...if I had DD to back me up, I woulda posted sumpin like, "imho, scram and get back in later." Of course, at that point, many were still euphoric. Anyway, I posted I was looking...
Nobody here that's here worth their salt will *ever* seriously question anyone taking profit. Ya, you might kidded if its keeps jump-jive-n-wailing, but, seriously the first point is make bank, second point: if ya caint? protect your tools...capital...
great board, good thread...
Posted by rickpic on :
Pen
I believe that as a community here we owe it to each other to post enrty point, but even more paramount is to post our exits its only fair in the long haul we all gain much more by being straight with each other as a majority!
Rick
PS anyone who post a dirogitory note to someone who takes a profit and posts it! Talk to the hand!
Posted by rickpic on :
by the way if Im taking a profit I want other to do it with me. Its no fun celibrating alone! Check the EYII thread from today! No stuckholders just happy profitiers!
Posted by matto on :
This is the best place to learn,there are certian people you can trust and value thier opinions and pics.everything i learned was here i have been reading all post for two months havent missed a beat. my first buy was last week and i am making alot of money!!!! keep learning, and thanks looking foward two pic some nice ones for you folks someday!!!!!!!!!!!!!!
Posted by BuyTex on :
whoops.
got my threads/re-posts mixed up...
sorry
Posted by pensandoenti67 on :
new members learn the power of Private Message.
Posted by rickpic on :
I've been on the guru list and understand what your saying about the mass exidus, but I posted it anyhow at least on quick day plays! If you were here when CMKX ran 1200% then you would have seen me screaming take profit! Some listened and made a buck and some payed the price for falling in love with the thought of millions out of pennys! Catch 22!
rick
Posted by BuyTex on :
o, thanks, rick--had a better post then lost it due to clumsiness...
pens, pm--i got one the other night xrym (sp?)--is your mailbox clear, yet
mass exodus--rick, yeah, some of da vets can not post exit targets in advance cuz that almost guarantees flee-dom. If I post an exit one thing, if they do? Gospel...
i hope that's clear, the distinction...I'm drinking beers....whoooooooo hooooooo!
Posted by pensandoenti67 on :
buy tex you can PM me now
on your opinions
Thanks
did you get in XRYM... I'm up 50% since my post on Monday
Posted by BuyTex on :
ya, check your pm in a few...
Posted by one2watchny on :
quote:Originally posted by rickpic: One more note!
I will not hold any stock no matter how much I love the company. If I believe I can buy it back for less than I sold it for!
just food for thought!
Rick
I second that; or at least ride free shares!
Posted by Hamzat on :
Great thread! Very helpful.
Posted by Hamzat on :
Can anyone who knows of users to stay away from please PM me with a few names. Thanks alot! And just for the record, Rickpick is a great guy! Very honest person. He posts his entry point as well as when he's selling for a profit. No B.S. with this guy.
Posted by BuyTex on :
this is *exactly* the post I wished against
Hamzat, please learn the principle...then you will *Know* w/o having to consult a list.
eg, from Rickpick, work outwards...who does *he* trust?
See whatI mean?
Posted by Hamzat on :
I get it BuyTex. I don't want to cause any trouble with any users on this board. I'll just be careful. Thanks.
Posted by BuyTex on :
cool--please keep posting
Posted by t3achmehowtowin on :
i've been reading this board for like 3 months and finally signed up now! LOL. Got a newbie quesitons here...wut is DD and L2?
Posted by one2watchny on :
DD is Due Diligence IE research of the stock and L2 are the prices the MM's(market makers,firms that buy and sell) the Bid(price price you can most of the time sell the stock for) and ask (buy) If you pay for a service(Alphatrade.com)I use;you can usually see if the stock is getting ready for a move;If the MM's on the Bid side are stacking up on that side it usually should go up and vice versa All this depends on volume(ANOTHER INDICATOR) When a stock goes down on light volume'it is usually a good sign(bullish) However when dealing with these penny's The MM's can do what they want' they are not regulated by the SEC like Nasdaq and higher priced stocks Thats why you hear MM manipulation often on this forum. Hope some of this helps.
FOR ALL THOSE WHO ARE NOT MEMBERS AND JUST BROWSE, IT WOULD BE TO YOU BENEFIT TO SIGN UP! I'm sure the posters here only make up about 10% who are actually browsing. It's free and you won't get junk mail or anything else if you don't want.
Posted by pensandoenti67 on :
Can someone please explain how to read the RSI?
How important is it on a upclimb or decline of the price?
Thanks
Posted by Jerm on :
This is a very nice thread.
I've only been on here for about a month or so now and have learned more than I could have possibly imagined in that time... unfortunately... mostly through getting burned... but I'm starting to learn who can be trusted here and who can't.
One mistake that I made was just jumping right in! I.E. GRYF! So, I'd suggest doing the following... read the boards daily... pick some stocks from here that sound good then pretend to buy them... record your pretend purchses and sales for a month or so and see how they would have done if they had been real.
Pens, this may sound stupid... but a pretty good book for learning the basics of reading stock charts is Technical Analysis for Dummies.
Posted by BuyTex on :
quote:Originally posted by pensandoenti67: Can someone please explain how to read the RSI?
How important is it on a upclimb or decline of the price?
Thanks
Basically, (and I'm no expert so hopeably a better TA person will post, too) a high RSI indicates the state of being "over-bought," and a low RSI that of being "over-sold." The 50-level is considered "median"; 80 climbing to 100 is "high," and TA folks are looking for an exit.
What you're "looking for" is RSI climbing, starting below but headed toward and through 50...
Importance? depends on the other indicators. For example, say there's low float and people keep buying: pps keeps going up--a "runner" doesn't know it's being charted. Make sense? On the other hand, if a significant number of buyers are TA folk, they'll start selling...
The indicators I use are: SMA3, Bollinger Bands, RSI, MACD and moneyflow, the latter sometimes supplemented with volume or momemtum or Williams%.
The ideal is tight bollies, rising RSI, MACD heading toward or just crossing convergence line and uptrend in moneyflow. I use it as much--or more--to avoid a play as I do to jump in...
All that being said, there's much better chart readers here than I--maybe they'll post, too.
Bigcharts.com and stockcharts.com both have edu links...
[ August 13, 2005, 10:48: Message edited by: BuyTex ]
Posted by BigJohn on :
Hello all, Another newbe here. What do you all think of using Candlesticks for in/out signals? From what I can tell, maybe not so good for getting in, but possibly some indication when to dump. Thanks for all the good info so far.
JW
Posted by CjLovesSara on :
awesome thread i will agree about losing alot of money by not knowing the specifics and following group plays i have since pulled back to observe and learn more before i lose the skidmarks off my missing underwear lol. I do agree i think buytex and rick have alot integrity and also add inputs for the new people that have no idea about when to get in and get out. I have to agree with getting out with a small profit and getting out with a small lost i first got into nwpo at 1.51 it dropped to .93 went back to 1.40 and i still kept it from reading information and hoping about a good pr. I think you have to set a margin and get in and get out and dont get caught in a stock to long.
Posted by t3achmehowtowin on :
thx all you teachers! i really learned a lot...
Posted by pensandoenti67 on :
Can someone explain, monthly share market by the Stock Brokers: Can someone look at this one, when one one of the MM's increase their total share from 368,000 in June to having over 14Million in July is that a good sign? Is that an indication interest is expected so the MM's buy them from the Company?
Sample: Please study and anaylyze for thos of us that are still learning:
first number is July 2005 purchase, second number June 2005 numbers and total number
As you can see all the major MM's bought lots of shares in July:
Total Share Volume 38,316,948
PERT PERSHING TRADING COMPANY, L.P. 14,774,750 368,200 33,631,463 SCHB UBS CAPITAL MARKETS L.P. 6,793,522 903,026 43,198,678 NITE KNIGHT EQUITY MARKETS, L.P. 6,172,202 1,013,200 27,746,846 DOMS DOMESTIC SECURITIES, INC. 3,390,065 8 25,000 13 3,659,065 ETRD
Posted by BuyTex on :
glass? keith? machiavelli? ric? Good Question Here
quote:Originally posted by pensandoenti67: Can someone explain, monthly share market by the Stock Brokers: Can someone look at this one, when one one of the MM's increase their total share from 368,000 in June to having over 14Million in July is that a good sign? Is that an indication interest is expected so the MM's buy them from the Company?
Sample: Please study and anaylyze for thos of us that are still learning:
first number is July 2005 purchase, second number June 2005 numbers and total number
As you can see all the major MM's bought lots of shares in July:
Excellent thread!!! I have learnd alot here and will learn much more. I don't know if I'm a newbie but still at least a newb. Newbies pay close attention to these big boys here. I'm still struggling with the get out part. Have learned some lessons waiting for it to rocket only to see it come crashing down twice as fast. Instead of taking 50% I then sell at loss. I am trying to read charts better but tend to follow this board and press releases the most. NO chart knows when a big PR is about to pop. SInce May I'm up about 15 to 20K and can say with all honesty it has ALL come from nothing but listening to the Stock Gods right here. Granted come next week I may be back to square one. I think in pinkyland, if you can ride 2 out of 5 stocks you are doing good cause no one is going to pick them all right. Anyway...my 2 cents and again Thanks to all here for taking me under your wing. Posted by BuyTex on :
quote:Originally posted by BuyTex: glass? keith? machiavelli? ric? Good Question Here
quote:Originally posted by pensandoenti67: Can someone explain, monthly share market by the Stock Brokers: Can someone look at this one, when one one of the MM's increase their total share from 368,000 in June to having over 14Million in July is that a good sign? Is that an indication interest is expected so the MM's buy them from the Company?
Sample: Please study and anaylyze for thos of us that are still learning:
first number is July 2005 purchase, second number June 2005 numbers and total number
As you can see all the major MM's bought lots of shares in July:
no offense, dq--well appreciated post, but I'd really like to see an answer to pens' question...
Posted by rickpic on :
My only answer is how do you know that the increase doesn't represent a larger short position?
So the question has no answer, but rather only creats another one!
The penny market has changed over the last month though. It has gone from relitivly flat to quite active with many positions moving strong.
Posted by Prdponce on :
All things remaining equal...
Never go long on a penny....Day trade or swing trade, to me are the only way to play these pennies.
Something I have noticed....
most of the time, a penny run wont last more than 2 days....so if you get in on the second day of the run, you wiould probably will have to exit that day so that you keep your profits.... having said that do not get in at the top of a penny run from the previous day...
When a penny close strong, it will most likely Gap the next morning.... If you did not get in the day prior do not buy into the gap... wait 5-10 minutes to see if the run will continue or not.... most time it will gap and then is down from there....
Posted by one2watchny on :
IF you do get caught buying a stock at the wrong time and it goes down quickly....too quick for you to get out when you want to..... just become a "bagholder"....and make sure you aren't playing with more than 25% of your portfolio so you still have other money to play with. The stock you got caught in usually bounces back 1-4 weeks and you will end up at b/e or even or make a profit on it I know its hard if you see a stock rocketing to not sell the one you're holding but you must have discipline. You're Saying "well the loss i am taking on one stock can be made up on this other one" If you take a 50% loss on 1, you the other stock has to go up at least 100% for you to just break even. That all for now. GLTA. Don't try to become a millionaire overnight!
Posted by Ric on :
It can be bad or good. There are so many reason this can happen. It could be dilution where the company is issuing new share. It could be from a run where the volume increased dramatically and the MM had to buy up shares in support. It could be as you stated a stock up on shares in anticipation of a major event. There just is too many reason to tell whats going on without having details on past events and future possible events.
Posted by Ric on :
Shhhh, don't tell the truth. How else can we make money without the bagholders and the ones that buy in to high. lol
You can tell them this but it seems the only way to learn it is to be burnt. Pennies run on hype but always drop afterwards. Those that continue to hold are just asking to lose your money. If you did buy high, don't hold the stock in hope that it will run again. Thats a bad investment choice. Sell for a lose and reinvest in something going up. If the stock you were in runs up and down, sell it and buy it back low. You will make more in the next run that way. But holding a dropping stock is just bad.
quote:Originally posted by Prdponce: All things remaining equal...
Never go long on a penny....Day trade or swing trade, to me are the only way to play these pennies.
Something I have noticed....
most of the time, a penny run wont last more than 2 days....so if you get in on the second day of the run, you wiould probably will have to exit that day so that you keep your profits.... having said that do not get in at the top of a penny run from the previous day...
When a penny close strong, it will most likely Gap the next morning.... If you did not get in the day prior do not buy into the gap... wait 5-10 minutes to see if the run will continue or not.... most time it will gap and then is down from there....
Posted by BuyTex on :
Ric, in response to your good post on the bashers thread: You mention dilution--On my bigger losers? That is one, singly insidious practice that has cost me personally more than anything else, "MM tricks," "bad TA," staying in a run too long, etc--all put together.
What suggestions/techniques do you have for folks to keep up with or recognize dilution on any given issue?
Posted by rickpic on :
Ric my quote says it all! agreed 100%
Rick
Posted by Ric on :
It is hard sometimes to tell the difference between shorting and dilution. But basically if there is more buys then sells and the pps is not moving up or it's going down. But other things I check, if its reporting and some pinksheets report look at pinksheets.com . Don't just look under the SEC filings. On pinksheets there is a financial reports tab. Some company post there financial's there but not with the SEC. Look for any S-8's and also look for convertibles being issued or coming due. But the easiest way is call the TA.
But really if the company is gagging the TA it's for a reason. They are manipulating there stock some how and not for the your good. I know many of them that sell shares during a run and buy them back when it drops. Cough cough, qbid, did I say that out loud, lol. Its not adding shares in the end but it causes runs not to be able to hold its support. And since the TA is gagged, no one knows whats going on. Also the biggest dilution kings hide behind gagging the TA.
IMO, I think that any stock that gags the TA should be boycotted until they stop the practice. It would help a lot of investors make better choices. If you call a transfer agent and they say they can't give you the information. Then run fast. Also, laugh at any CEO to his face if he claims shorting while his TA is gagged.
Posted by pensandoenti67 on :
When a company announces they are going to do an audit in order to go to the OTCBB, must they by SEC rules maintain minimum PR news, I mean completly silence? I understand no news about the audit it self. What are the rules on PR news?
I want all new members to understand and know the rules. The reason I mentioned it, it's because I almost got burnt and would have lost lots of money on it. I'm sure some veterans and wolves got rich on that stock, but to any new trader of pennies it was and could have been a massacre.
I am talking about WFTV now (WTVN), I read it here on allstocks everyone was talking about it, talking about the news due any day, I ask what news, several replied, the news about the Audit is due now.
The company had said on their PR release three months prior that minimum news were going to be released due to the Audit and do not expect news at all, that was odd, but on the thread most members acted and pumped it so much, I ask why the silence why is that required? No one ever answered my question. Needless to say that drop from .0017 when I bought to .0005, I was lucky to sell on it's last high at .0018. Now it has lost another 80% since it's name change.
The stock started at .005 when they announced they were going to OTCBB back in Feb 05, it now at probably (with the reverse split) at .00005
So be careful, I do not know the SEC rules but it didn't sound right.
A stock that comes to mind of doing the opposite is HISC!!!
Posted by Ric on :
WFTV is the perfect example alone with MLON. But really another big scam this year was ICAN. I tried to warn people about it, after I made money of course, lol. They promised that they were going to roll the best parts of their business into a OTCBB and issue shares to the ICAN shareholders as dividends. After they massively diluted there shares in that run they announced they had to call the deal off. Hard for the SEC to prove anything without having internal notes on what happened. But what a scam. They pulled that one off perfectly. If it wasn't such a scumbag thing to do, I would have to tell them well done. Wish these people would get jail time.
Posted by BuyTex on :
Ric, Pens:
WFTV/WTVN, lol, i got in that about a month after I started. Talk about drinking the Kool-Aid--I got seconds, chewed up the cup, then swallowed that, too! What's really sick? Coulda doubled, but n-o-o-ooooo, I'm gonna grab the 60-bagger or whatever it was. Shoot, the chart *showed* it, right? ya...
Wheeeee, paid some dues on that one, for sure...
Ric, I thought about calling the TA--and I agree with you on the gag, I went through that with gvrp--but does the TA release the CEO/company shares in order to dilute? And thanks for all readers, those are solid suggestions about alternate sources. ********************
Pens, they were calling that a "news blackout," which to me now makes no sense, either. A "quiet period," yes--but that's just for IPOs, as far as I know. If I had it to do over again, I would severely question that "news blackout" deal...
Posted by Ric on :
I tell you a good trick though. I mentioned it briefly above but I like it so much that I will say some more on it. I have made some serious money on Qbid so I don't talk about it much but a trick that they do is just sweet. I guess its better then a P&D were the company leaves the dump with the shareholders.
What make Q's dilution sweet is the hype he gets afterwards making him look like a great guy. Heres how it plays. The stock runs. Whether its a hype or what but it runs. They sell shares to the market (dilution) at the high of the run. Now the o/s is diluted at this point but no one knows it because the TA is gagged.
Well heres the sweet part. After the pps drops because it will after the dilution. The CEO announces a share buyback. He lets his shareholders know that he cares for them by doing a buyback. Of course in forgets to tell them that he just diluted those shares the last run. He buys them back at a bargain and in turn helps cause the next run. After that run he will sells (dilutes) more shares and starts all over again. No harm you think but the shareholders are thinking the O/S is shrinking but in fact it remains the same. But best of all the CEO gets praised for his buyback and it produces loyal shareholders. Now that a CEO that has a vision, like it or not. He made money by selling high and buying back low.
Posted by BuyTex on :
funny--boy, there's all kinds of angles, now don't it?
Posted by Ric on :
BuyTex, as far as the TA is concerned on releasing information it depends on the TA and the company policy. Some will give you great detail and some just O/S or anywhere in between. But any information is better then none. But most honest company's TA will tell you if there is insider trading going on. Just very few of them anymore, lol.
Posted by pensandoenti67 on :
rick thanks
check you PM
Posted by bill1352 on :
Ric...your giving away the secrets...ppl need to pay for that info by losing cash to those that lost cash before them...lol
all newbies, forget what Ric posted, you might just get a clue...lol
Posted by dutch on :
are you guys a group because i see alot of your post have the same names on them wouldnt that make you a group? iam not trying to get under your skin just a ? sorry if this is offensive
Posted by BuyTex on :
I guess that depends on your definition of a group...several of us *are* posting on this thread. Please clarify your question, dutch.
Posted by pensandoenti67 on :
Dutch,
dankewel, what are you talking about a group. Yeah I posted more than once and Ric more than Once.
Pens is one person, Ric is one person etc... we multiple postings, is that what you mean. Besides that I don't see any relation on the names, explain.
Have fun trading, DUTCH... ashiblift..
which stocks are you in DUTCH?
Posted by dutch on :
Iam not in any stocks now i dont like to hold over night iam a day trader see just a question how can you say dont play in groups this whole site is a group
Posted by BuyTex on :
lol, well, then welcome to the group! Wasn't that you thanking me for answers on the MCLDW thread?
Posted by dutch on :
yes lol
Posted by dutch on :
just trying to prove a point call it what you want but if we all play the same stocks it makes us a group and if a group hits a stock with there hard earned cash it will move up
Posted by BuyTex on :
but we on this thread don't all play the same stocks--there's overlap, for sure--I remember being in a couple with Pens, but just for example, I can't remember offhand any play that ric and I have been in on at the same time...he might remember different, mo, but I think you'd be hard-pressed to find even one stock that everybody on this thread has played together.
The only thing thread has in common is folks responding to requests for information. Surely you don't object to traders helping educate each other?
Posted by Ric on :
There is a difference. Yes a lot of us play the same stocks but we usually play them because we see bottom or there is news releases.
I group play is a little different in the fact that the ring leader and a few of his close friends tend to frontload the stock. This causes the stock to rise or gap the next morning before they announce there pick. They tend to dump early causing the stock to tumble in price and the followers are left holding the bag while the group leader makes the cash.
Of course there is always exceptions to the rules and a group play may make a lot of people money but someone is the last one to buy high and gets burned but that happens in all runs.
The groups that are warned about are the ones that claim they make there followers money when in fact they were the only ones that did.
But yes, we are a group here. It just we don't tell people when to buy and sell. You make up your own minds here. And we do a group pick every now and again but no leader and no frontloading. Everyone has an equal chance of making or losing money or not playing.
Posted by Ric on :
I don't post much on stocks that I am playing unless it to let people know its time to leave. Like on EYII where I told everyone about the .20 wall for pennies and that it would stop right before it hit it so they better start getting out. Every now and again I do talk a little bit but rarely. I not high on pumping a stock. I might mention what the chart looks like or how the level II looks but try not to get much into the hype.
So I may have played some you where in and you not even known it, lol.
Posted by dutch on :
well the first one in is the group leader lol
Posted by BuyTex on :
lol, I'm sure. But, well, yeah, that's what I meant--where you got a thread of folks sweating a runner or waiting on the breakout...
I don't post everything I play, either cuz I take some strange positions and don't want to be "blamed" if it goes south. One that was on-board recently was that deal Master Keith found--did you see that? Spend 40 cents to maybe get back $110-190? Funny one.
But, days when I play runners, I'll usually say sumpin...
Posted by dutch on :
hey tex some one took one of my stars i wasent trying to get under anyones skin lol
Posted by BuyTex on :
quote:Originally posted by dutch: well the first one in is the group leader lol
we really *are* missing your point, unless you're saying low-floater, front-loaded, group-picks are the same as what we usually do, day-in, day-out...
Posted by BuyTex on :
quote:Originally posted by dutch: hey tex some one took one of my stars i wasent trying to get under anyones skin lol
lol, mine been getting dinged all week-end...somebody here doesn't like my stance against scams and selctively enforced rules and regs. I'm all about transparency in the marketplace. You agree with that, right?
Posted by BuyTex on :
mo? dutch? dutchmo? modutch?
transparency? anti-scam?
You know--something you could answer? Give us some insight about dilution...you willing to do that?
Posted by SeattleWriter3d on :
Hey Tex....when can you give somebody stars again? I gave you some way back when and would be happy to do so again! I don't pay any attention to my stars, I don't give picks, plays, charts, any of that so why the heck I would have pissed somebody off to take away my stars is beyond me, but I'd be happy to 5 star ya again if I can lol
Posted by Dustoff101 on :
Momo and company have turned the star system into a joke, means nothing anymore...
Notice how the newbe's come in with 5 stars now with one fluffy post?
Posted by BuyTex on :
Fellas, I've never checked that out. lol- i was surprised to *even* get stars in the first place.
The only benefit I see? when newbies come on board.
Otherwise, those of us who have been active readers--not necessarily posters--we know who's genuine and who's not.
Anybody can be wrong on a given pick, it's the "body of work" that's important. momo et al, gainster, etc, think all that peeps want is tomorrow's pick.
Well, yeah, some are satisfied with that. But, really? The good ones want to know how all this "works."
Can't get that from a group-grope...
Posted by BuyTex on :
Well, it's been an hour and a half since Mo's most recent post in this thread. Guess it got it too hot under the lights...
Posted by OneGreater on :
bump
Posted by crockett on :
quote:Originally posted by Jerm: This is a very nice thread.
I've only been on here for about a month or so now and have learned more than I could have possibly imagined in that time... unfortunately... mostly through getting burned... but I'm starting to learn who can be trusted here and who can't.
One mistake that I made was just jumping right in! I.E. GRYF! So, I'd suggest doing the following... read the boards daily... pick some stocks from here that sound good then pretend to buy them... record your pretend purchses and sales for a month or so and see how they would have done if they had been real.
Pens, this may sound stupid... but a pretty good book for learning the basics of reading stock charts is Technical Analysis for Dummies.
Sorry for bumping this thread but maybe someone else new can find it useful as well.
I just had to comment, I was surprised to see someone mention "pretending to buy" while you learn, as that's exactly what I'm doing.
I normally just run and jump right in something but I decided hold back and play along for a little bit, while I'm setting up my trade account and so on. It's just funny to see someone actually suggesting to do that so I figured I's say "hey good tip".
Posted by whb11 on :
maybe i should do a search through other posts instead of bumping this, but i figure the easiest way is to just ask.
about testing through 'pretending to buy', are there certain programs that work well to help learn from.. i've been hearing about papertrading or something like that.. it sounds like a good idea, so i'm wondering how to get into that to help educate myself a little more.
this whole board is very very intriguing to me, and i'm doing my best to not jump right in, and to learn everything i can first from the big names around here, so any guidance would be much appreciated.
Posted by Aleks on :
I have been looking around at other boards, and I have to say that I personally think that this is the best one out there. MHO
Other ones are just blah, this one has some DD to it, heheh
Posted by NEL on :
I am too a new member here and am in deep in about 10 penny stocks: AMEP, DMTN, NTVI (just lost my shirt on the R/S here), ERUG, GWGO, GZFX, ITGJ, SSTY, VRDM, VMHVF, CLBE, PBLS, USXP, VTLV, WTVN (loser) and PMED. Now if just one of this can perform...well we all think the same way.
It has been fun and education finally getting my hand into the trading end of this, I figured if my broker can lose it for me why not myself and learn a thing or two along the way.
I guess I am finally growing up. After 10 years as a business owner I finally wrote my business plan, now it just makes more sense and I have some direction.
I LOVE this board!
Posted by Machiavelli on :
your in 10 penny stocks? .. did you do any DD on them or bought them on a whim or tip? ... just curious...
Posted by tomall on :
I am new to this and would like to know what taxes run. invested 5600 and its 11500 now after 3 weeks.PGCN is what i made the most on i could use some help.
Posted by BuyTex on :
sounds like you got plenty of time...this is a new tax year, right?
Posted by tomall on :
I got time and would like to keep my money.
Posted by tomall on :
I am new to rhis game what do taxes run.
Posted by Machiavelli on :
There's a reason my name is VeryGreen...No scammer here. I'm new to this whole thing...I'm 29 and am in Accounting II in college...graduating with my business degree in 5 months...Hooray!! Anyways...balance sheets, income statements, charts...are all beginning to intrigue me. I have been browsing this site for a few weeks now and think I want to get my feet wet in stocks. I know who some of the good guys in here are, and I have already seen some of the scammers you speak of in this thread. I just signed up for an account so I could start asking questions.
I guess my first one is what is the best online broker for penny stocks?
And...am I limited to the amount of trades I want to do in a day?
I'm wanting to make the most $$ I can...I'm also trying to help my Dad out with some of his $$...I don't want to be limited in what I can and can't do though as far as trades...any suggestions??
I think one of the things I have learned from reading a lot of different threads is basically set your goals for companies you buy into. However, If I buy at open and 2 hours in my goal is met and I decide to sell can I then buy more shares of a different company and so on as the day progresses??
Help...Please LOL
Posted by tomall on :
NEVER KNOW WHAT YOU GET PGCN HAS BEEN GOOD FOR ME. I USE SCOTTRADE ITS OK. good luck.
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