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Author	Topic: looking to get some info
DIESELECLASS Member	posted April 07, 2004 13:15 I am trying to find out where to find out the financials of companies such as qbid, ththf, ivoc, gwdl, and cytp. Where can I find info on their financials, debts ,income. etc. Also where can I learn how to read this information. Another questions I have is what does it mean if there are a lot of insider buys? I think it was gwdl, they had some insider transactions. any help is appreciated. thanks. IP: Logged
Allstocks Administrator	posted April 07, 2004 13:17 Look on sec.gov if they are not there then there are none. Pinks are not required too. IP: Logged
DIESELECLASS Member	posted April 07, 2004 13:23 okay I will check it out. but let me ask this, (sorry in advance if its a dumb question though)so how do you choose a penny stock to invest in. If you cant find any financial information, or much else? I am ready for a little risk, but I dont want to walk into something completely blind. is it really juts trying to wait on news?, like ivoc for instance, on one of the boards here i read someones post. it said that whenever they are coming out with a new patent the stock rallies. aside from looking at the charts, and past patent dates, what else is there for me to look at to pick a winner. thanks. IP: Logged
DIESELECLASS Member	posted April 07, 2004 13:31 sorry, but I have another question. for ex. gwdl the chart on : http://pinksheets.com/quote/chart.jsp?symbol=GWDL&duration=2-6-9-0-0-524 the stock price on that one about a little over a year ago was in the thousands. how does a company go from there to where it is now? and pertaining the my previous question, how can I tell whre its going. Realizing for a definitive answer you have to be from the futer. but any help is really appreciated. thanks again!!! IP: Logged
Bob Frey Member	posted April 07, 2004 13:33 First there are pinks that do report to the sec. Penny Stocks in general are 2 types in my opinion. Many are real companies looking to grow and or develope a long term business. Many are also little more than scams... Trying to pump the stock so the original stock holders can dump at a profit. How to tell the difference? You won't always be able to. Playing fundamentals is ok and would probably be recomended by most of those who have serious money. If your playing pennies i only use money that would be in vegas if I had made a reservation. Playing news and other information can also be profitable with pennies. Read some of the articles from below and buy a few books. http://www.allstocks.com/pennystocks/ http://www.invest-store.com/cgi-bin/allstocks-bin/cart.cgi?division=books&item=384137 IP: Logged
Bob Frey Member	posted April 07, 2004 13:36 [QUOTE]Originally posted by DIESELECLASS: [B]sorry, but I have another question. for ex. gwdl the chart on : http://pinksheets.com/quote/chart.jsp?symbol=GWDL&duration=2-6-9-0-0-524 This happens when a company does a reverse split unless you have BRK.a. IP: Logged
DIESELECLASS Member	posted April 07, 2004 13:40 do you have any books you can recomend on penny stocks? IP: Logged
DIESELECLASS Member	posted April 07, 2004 13:43 scratch that I saw the link found the book...thanks again. IP: Logged
Bob Frey Member	posted April 07, 2004 13:59 More books: http://www.allstocks.com/html/investment_books.html IP: Logged
DIESELECLASS Member	posted April 07, 2004 15:09 thanks for the help. IP: Logged
Wallace#1 Member	posted April 07, 2004 15:47 Diseleclass, I tried to help someone a bit back re the fundamentals. Look at previous messages with my username to a Veda. Maybe what I told her will be of help to you. You cannot go wrong with anything Bob Frey suggests for your self-education! IP: Logged
DIESELECLASS Member	posted April 07, 2004 15:55 will do ... thanks IP: Logged
Machiavelli Member	posted April 07, 2004 17:08 You might consider TA (technical analysis) over fundamental analysis or a combination of both ... a company's financials doesnt really interest me ... when it comes to trading i just want the stock moving.. whether up , down or sideways.. as long as it doesnt go bankrupt (egghead.com to me back in the tech days comes to mind lol but back then i didnt learn how to trade i just jumped on the tech bandwagon like everyone else and bought on stock "tips" most of the time.. learned my lesson..) ... thats why i prefer TA over FA ... people (traders) react to what other people do in terms of buying or selling it.. so you try to predict by looking at charts and analyzing it what your fellow traders will do next and based on that you would go long (anticipate stocks will go up) or sell short (anticipate stocks will go down) and make a profit on either/or ... with trailing stop losses of course to limit your losses and protect your profits... you might consider learning about Candlestick Charts.. seems to be all the rage lately.. 3 books i can recommend are below.. 1)A Beginner's Guide to Short-Term Trading by Toni Turner (www.toniturner.com), also on amazon.com etc.. 2)Japanese Candlestick Charting Techniques by Steve Nison 3)Beyond Candlesticks: More Japanes Charting Techniques Revealed IP: Logged
DIESELECLASS Member	posted April 07, 2004 17:21 thanks for the advice, but let me ask you this, with so many companies trading in the range of what I am willing to invest in, how can I pick ones that are will rise. I know to look for near lows, lots of volume, and try to catch it on the upswing. but I am very nervous that what I read as an upswing will be wrong. For example I chose, last week, cytp, ththf, gwdl, and ivoc. three days ago I hear about qbid. from when I said okay I will invest (fantasy investing...trying to see how I do), I am pretty sure they all went up from that point. but still very iffy as to know how to predict wen to get in and how far they might go? like ththf for ex. is about what it was a week ago, give or take. But with the small amount I am willing to start with I want to be able to prdict when to get in (at bottom if I can) and when to get out. anyway, sorry if I rambled to much, just trying to figure out the in's and outs of a particular play. any ideas that might help me along the way? the books I am going to get but while I wait I would still like to pick up some info... thanks. IP: Logged
Wallace#1 Member	posted April 07, 2004 20:22 I forgot to mention, that if you go to my messages to Veda (mentioned above) look for the various references made by Bob Frey as to the fundamentals and their definitions. I disagree with Machiavelli above. I think the fundamentals should come first and then you want to look at the charts. However, that's what makes the market what it is. Do what works best for you. [This message has been edited by Wallace#1 (edited April 07, 2004).] [This message has been edited by Wallace#1 (edited April 07, 2004).] IP: Logged
Machiavelli Member	posted April 07, 2004 22:42 Diesel, Im not sure what you know or dont know already.. but im going to assume you know Resistance/Support and if not when you get your books and start reading them you'll know what i mean.. anyways 2 things you can do and that is trade in the "range" of resistance/Support.. and second to buy when the resistance is breached (a third is to sell a stock short and buy it back when it breaches the support instead but i doesnt sound like you want to sell short).. so anyways when you trade in the range.. u would buy the stock when it hits and bounces off the support and sell in the uptrend before or when it hits the support and bounces back.. the other way to trade i already mentioned and that is simply to wait till it breaks through the resistance and sell it on the uptrend.. you can do limit orders for buying at the support or resistance.. as well as put trailing stop losses to limit ur losses and protect your profits... im assuming your a short-term trader as opposed to a long term investor.. As for Wallace's opinion that FA is more important then TA.. i still disagree (but respect his opinion).. i still say a combination of both is better. but if i had to choose one over the other for short-term trading (day/swing/position trading).. TA is the way to go... FA will tell you the overall health of a company for long term investing but in short term , traders tend to emulate(i think thats the word im looking for lol) each other.. in other words for argument sake.. in Level II trades.. Market Makers try to predict what other Market Makers are doing or will do.. and it dont matter a whole lot what a companies health is at the moment.. but average traders (or investors) tend to trade based on fear and/or greed not financial reports.. a whole bunch of market makers start selling like crazy based on some report of whats happening in Iraq in any given stock... did the company's health change between the time you first bought the stock and when you heard the report(remember im talking about world events that has no effect on a company's health in the U.S... lets say a pharmaceutical company) like anyone else? very doubtful but anythings possible.. but yet people will all of a sudden panic and get fearful and start selling off their positions like crazy.. no amount of fundamental analysis will help you in that situation.. TA can give you somewhat of a idea what MM's are up to because of world events or other issues in the news etc.. but like i said a combination of TA and FA is probably the best route... though you can do one or the other which works best for you... try both to see.. below are some quotes from books im reading.. "Those who buy & sell on the strength of a company's fundamentals generally buy a stock "for the LONG HAUL," and ignore gymnastics performed by the market on any given day" "The price action draws PATTERNS on those charts. And, because HUMAN BEHAVIOR can be REPETITIVE, the price patterns can be REPETITIVE. When keen-eyed technical analysts recognize one of those formations starting to form, it gives them a set of probabilities on which to base the stock's next move" "We, as wise and profitable short-term traders, recognize the value of both(TA & FA)worlds.When we enter the market, we want all odds possible in our corner." "I know from experience that nobody can give me a tip or a series of tips that will make more money for me than my own judgement." "When you sell your shares of a stock to me, you believe the value of the stock will soon shrink. I buy because I believe the value will increase. In the SHORT TERM, only one of us will be RIGHT!"... IP: Logged
Wallace#1 Member	posted April 07, 2004 23:11 Diesel & Machiavelli - Great explanation of resistance/support trading. Mach, I agree with doing both analyses also. However, being on the conservative side I prefer healthier companies so that's where I look first -- then, I go to the charts. Basically, what that means is that I am taking less risk. You are very much right about greed, fear, etc. as to the cause of much movement. A good example is HQNT -- extremely healthy company but either profit taking and/or fear (panic in this case) has overruled reason. Support = 1.55, Pivot = 2.32, Resistance = 3.09, High = 2.81, Low = 2.04, Close = 2.11 and Prev. Close = 2.46. All on no known news. In the sense of "Long Haul", you may be right if you are in one day and out within a very few days. I play for 3 to 6 months...which for me is short term. [This message has been edited by Wallace#1 (edited April 07, 2004).] [This message has been edited by Wallace#1 (edited April 07, 2004).] IP: Logged
DIESELECLASS Member	posted April 08, 2004 11:09 thakns for the help IP: Logged
DIESELECLASS Member	posted April 08, 2004 11:17 long replies....its really appreciated.... IP: Logged

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