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
Hello and welcome
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
Thanks Charbel! Hope you're having an up week
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?
1.share count of the company what company needs billions of shares
That's a good predictor Double... thanks!
T e x
Are you guys serious?
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?
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.
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
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 ?
A couple stock screeners like Yahoo finance and finviz.com come in handy also.
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.
T e x
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).