This is topic New to stocks... general questions in forum General Investing Topics at Allstocks.com's Bulletin Board.


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Posted by littlefish on :
 
I am new to trading, and have a few questions for those who have time to respond. Penny stocks look like a good place to start gambling, since the potential losses are minimal, but the potential gains seem great.

My initial goal is to distribute my initial investment into about 8-10 penny stocks, and hope to make back my initial investment, before taking any major risks.

Do these companies typically purchase back the stock when you try to sell?

Are the news releases and PR statements posted here usually accurate?

I notice that certain users seem to do extremely well based on their posts. Is that usually because they own 50 stock that aren't performing, and only post about the ones that are?

Where is a good pace to find lists of penny stocks, other than the ones discussed here?

Any information or help would be greatly appreciated. I am definitely willing to take a risk, but would like to learn how to make educated gambles [Smile]
 
Posted by Charbel on :
 
Hello and welcome [Smile]

The best way to learn is to invest your money and learn as you go. Dont fall into P&D's. And always try to bring us some good picks :)Best of luck trading
 
Posted by littlefish on :
 
Thanks Charbel! Hope you're having an up week [Smile]

I am guessing P&D's means pump and dump. That's one of my worries... what are some of the ways to spot a P&D?
 
Posted by DOUBLE L on :
 
1.share count of the company what company needs billions of shares
 
Posted by littlefish on :
 
That's a good predictor Double... thanks!
 
Posted by T e x on :
 
Are you guys serious?
 
Posted by KingCon on :
 
i got a question for anyone who can answer it. How about a penny stock with a billion share outstanding? is that good or bad for a company to have a billion plus shares? does that mean they might do a reverse split in the near term future?
 
Posted by Homersbud on :
 
quote:
Originally posted by KingCon:
i got a question for anyone who can answer it. How about a penny stock with a billion share outstanding? is that good or bad for a company to have a billion plus shares? does that mean they might do a reverse split in the near term future?

Billions = Bad.

Chances for a R/S increases a ton when the OS is in the billions. Try to avoid them, if you can.
 
Posted by littlefish on :
 
I've been doing some research on the companies listed with billions of shares, and the few who had information available looked pretty dangerous, and the others had no news or no revenue
 
Posted by Rusty40 on :
 
Ok I have searched and searched because I know that it has been asked but I cant find it, what programs do you all use to find these stocks ?
 
Posted by T e x on :
 
maybe this will work:

http://www.allstocks.com/stockmessageboard/cgi-bin/ultimatebb.cgi
 
Posted by BooDog on :
 
quote:
Originally posted by T e x:
maybe this will work:

http://www.allstocks.com/stockmessageboard/cgi-bin/ultimatebb.cgi

linked right back to the forum. [Razz]
 
Posted by T e x on :
 
quote:
Originally posted by BooDog:
quote:
Originally posted by T e x:
maybe this will work:

http://www.allstocks.com/stockmessageboard/cgi-bin/ultimatebb.cgi

linked right back to the forum. [Razz]
o, snot...

OK, Rusty--use the search function, type in "screener" and select the "General Investing Topics" forum.

Thanks, Boo...
 
Posted by BooDog on :
 
Cheers Tex.

Rusty,

Check out the home page also. LOTS of stuff there.
http://allstocks.com/

A couple stock screeners like Yahoo finance and finviz.com come in handy also.
 
Posted by Free Muney on :
 
Looking for a stock screener that can isolate 2 variables at the same time... Specifically a narrowing of bollinger bands, and increasing volume.

stockcharts' screener does not seem to do that as far as i can tell.

Thanks!
 
Posted by T e x on :
 
Stockcharts would probably do that. Or try Stockfetcher.

I can't remember that screener Da'Dog use to use--we use to have deals with them, every now and then. It was a paid service, like Stockfetcher, but i think SF is quite a bit cheaper (cuz it ain't real time--you use it the night before).
 
Posted by Free Muney on :
 
thanks tex!
 
Posted by BooDog on :
 
might experiment with http://finviz.com/screener.ashx?v=111&ft=3 as well. (of course it's free!)
 


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