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
Posted by rivrwrat on :
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
Posted by OILDOG on :
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!! Posted by GoldMember on :
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?
Posted by Machiavelli on :
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...
Posted by Phoenix on :
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....
Posted by beechwood on :
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.
![[Frown]](frown.gif)