posted
Wallace, I went to the site and boy oh boy; Women can't read a MAP how in the world do you expect me to understand all those charts? lol Grrrr I need a tutor. Listen, I was scanning my stocks and a financial statement came out today on my SKVY; would you look at it and help me understand this statement. I realize a gain from a loss, however, I can't look at this chart and determine if it's average, below or above. Come Monday I am putting several sell orders in and I am then going to STOP and try to learn the basics. Thanks again! hope to talk to you soon, real soon lol as you see I need advice.
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quote:Originally posted by poorman: To your comment That you should never fall in love with a stock I don't agree, I have several I'm in love with but none of them are in penny land. You need to decide if your are a trader or an investor, a trader buys and sells on their gut feeling and quick info and long term to them may be a couple of hours, an invester does a lot of DD and at times buys stock that they will hold forever, I have several like this HDI is one of mine like that. On TFCT I did a quick search and it looks like it would work for a long hold but seems a little high right now for trading. But then I am not the most experenced investor on this board( far from it)If you go to the top of the page and look for search then type in your stock you will get any posts on the ticker you are looking for. Again never let ANYONE do your picks for you always do your own DD. http://www.prnewswire.comhttp://www.businessnews.comhttp://www.otcbb.comhttp://www.otclinks.com
Here are some places to start
thanks so much for the links; need I say I have lots of reading ahead of me.
posted
VEDA: "Okay, I am a 'rookie investing in penny stock. Currently, I have 25 investments" VEDA: "Bought SEHO at 0.18 so as you see I have absolutely no business even trading, not at this level. I can not afford blue chip stock so I invest in penny hoping of course to hit the big jack pot." VEDA: "Let's talk about TFCT I believe this Company will turn over huge profits so why should I sell my 550,000@.05 when I forsee the stock selling for over $1.00 within the year"?
You have 20 or 25 investments, I assume they are all stocks, you mentioned both numbers in differnt posts. You bought 550,000 shares of TFCT at .03. Extended cost = $16500.00. You had enough to buy bluechips even if it was through Mutual Funds. Is TFCT your largest position or do you have as much or more invested in your other 19 or 24 stocks. If you have only 10% of your investment you have in TFCT invested in each of the others = 1650.00 each X 19 = $31350.00 + $16500.00 in TFCT = $47850.00 . That would buy a lot of bluechips. With that kind of money at risk I certainly wouldn't be following the leader and pumpers. My original amount of monies I decided to play with is $7,000, and I freely admit I am too ignorant to buy 550,000 shares of anything priced over .0002. LOL
quote:Originally posted by will: VEDA: "Okay, I am a 'rookie investing in penny stock. Currently, I have 25 investments" VEDA: "Bought SEHO at 0.18 so as you see I have absolutely no business even trading, not at this level. I can not afford blue chip stock so I invest in penny hoping of course to hit the big jack pot." VEDA: "Let's talk about TFCT I believe this Company will turn over huge profits so why should I sell my 550,000@.05 when I forsee the stock selling for over $1.00 within the year"?
You have 20 or 25 investments, I assume they are all stocks, you mentioned both numbers in differnt posts. You bought 550,000 shares of TFCT at .03. Extended cost = $16500.00. You had enough to buy bluechips even if it was through Mutual Funds. Is TFCT your largest position or do you have as much or more invested in your other 19 or 24 stocks. If you have only 10% of your investment you have in TFCT invested in each of the others = 1650.00 each X 19 = $31350.00 + $16500.00 in TFCT = $47850.00 . That would buy a lot of bluechips. With that kind of money at risk I certainly wouldn't be following the leader and pumpers. My original amount of monies I decided to play with is $7,000, and I freely admit I am too ignorant to buy 550,000 shares of anything priced over .0002. LOL
Hi there, first of all I own 55,000 TFCT what a typo and I also own approx 20 other penny stocks. so now that I cleared that up whatcha got to say? I will work on being precise in number of stocks I own, jeesh didn't realize I would catch such grief.
[This message has been edited by Veda (edited March 28, 2004).]
[This message has been edited by Veda (edited March 28, 2004).]
quote:Originally posted by Veda: Hi there, first of all I own 55,000 TFCT what a typo and I also own approx 20 other penny stocks. so now that I cleared that up whatcha got to say?
GOOD LUCK!
[This message has been edited by Veda (edited March 28, 2004).]
posted
I have read so much; there is a wealth of information on this forum.
Okay, I purchased some stocks @ .002 .004 and others at .09 .11 After reading the posts, I think I should focus only on stocks trading at .0001 etc. the strategy being "quanity" and cash in around .04 How am I thinking now? lol My question is, how long does it typically take for a stock to go from .0001 to .04?
I have so many questions. I guess I need to keep on reading.
posted
I may never learn to read those charts. Heck, I can't even read a road map lol.
Where does volume come into play? When I see a massive volume I am inclined to think it indicates the particular stock is HOT and of course I need to jump on it. Right or wrong?
quote:Originally posted by McClymont: I would say that you are focusing on the worng things. Don't worry about price.
100 stocks @ $1 or 1,000,000 stocks at .0001 is still $100 and a 10% increase is still a $10 profit.
The only thing is the stocks that you are looking at tend to be much more volatile.
Stop worrying about the quantity of stocks that you are buying and start thinking about quality.
I am also very inexperinced but I think you should listen to others on this board and read much more before you think about buying anything else.
Good luck anyway,
ALAN.......
After reading your post again I have a question. Okay, the example you used of buying 100 shares @ $1.00 equates to buying 1,000,000 @.0001 Yes, BUT I would rather invest in the 1,000,000 @.001 because it can only go UP whereas the other could drop drastically. Am I wrong to look at it this way?
edited to add: also if the $1.00 stock goes up .05 I only have a $5 gain, the 1,000,000 @ .05 would bring me a $50,000 gain. I am sorry but I don't understand your example; what am I missing here?
[This message has been edited by Veda (edited March 28, 2004).]
posted
yikes, the more I think about this the more I realize I am not being realistic.
Using the same example above, the 100 shares would have to trade for $500 for $50,000 and that is NOT going to happen just like the million shares is NOT going to trade at .05.
posted
Most people are in penny stocks because that stock at 0.0001 might (just might) hit 0.5 (or much more)someday. To go into every trade with this in mind would be pretty ridiculous though.
As Greg said earlier, set yourself much more realistic targets. I personally am happy anywhere between 20-50%.
posted
To expand on this stradegy: If you bought: 400,000 shares of ABC at .0005 = $200 inv. 20,000 shares of XYZ at .01 = $200 inv. 250000 shares of ABCD at .0008 = $200 inv. On and on investing $100 or $200 a stock. If you look for their historical, usual support level and buy there, very few will run right after you buy them, some will dip, some will do little or nothing for a time. Buying at their low should give you some protection of it not going down much, unless you chose complete crap and they BK. Most will go higher in time. OK, you have 20 stocks at an average of $150 invested in each, or $3000, (looks like you started with $5000 to $10000). Over a course a few weeks you sold 1/2 of them for a 25% profit or $375. You might replace them with others or wait for a pull back and rebuy them for another run up of 25%. The other half you might have to hold longer. Once the pipeline is filled your few week cycle will ocurr every day. If you only made $200 a day X 260 trading days = $52,000. I have noticed the micro pennies move on rumor, press releases, and hype. Most have crap fundalmentals, (they are micro pennies for a reason). Understanding some T/A can and does help. Resistance, support, volume, MA, MACD....even candlestick charts. They are pennies, and sometime defy all these rules. Some of them are legit, some aren't, that is why people here tell you to do due dillegence, read all you can, see if they changed their name and trading symbol six times.... After you select your plays post a topic and tell folks this is your pick, and tell them why. You'll get supporters and detractors, but you'll get MORE information from their posts, they'll reference their sources. If you look at their references you will add to your toolbox to investigate your future picks. Hopefully in the process of doing, learning, and earning, you will have some fun, and eventually you will get the biggest reward of all, being right and respected for your opinions.
quote:Originally posted by McClymont: Most people are in penny stocks because that stock at 0.0001 might (just might) hit 0.5 (or much more)someday. To go into every trade with this in mind would be pretty ridiculous though.
As Greg said earlier, set yourself much more realistic targets. I personally am happy anywhere between 20-50%.
If you don't want to repeat a message you are answering (the quotes), go to "Your Reply", left click, hold and drag your cursor down until the whole message to which you are replying is covered in blue. Then click the delete key on your keyboard.
I think the Allstocks people would rather all this be handled in the "General Investing Topics" section. See you there!
posted
Be careful of that guy Greg! HA!!! However, he does seem to be good people. Me? I wouldn't dare ask you a question like that!!! "Hot and single"? Greg, HANG YOUR HEAD DOWN IN SHAME!!!!! LOL
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Is that why your a named Gregdogg? LOL
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posted
I was just wondering can I purchase the same stock like 40 or 50 times in the same year? Thats assuming I was making a profit each time off of it? Is it ok with the IRS?
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I remember a while back their was a guy with a girls name as his username... Also SallyTwoTrees, if that's not a girl I'm going to assume everyone but Purl is a guy.
[This message has been edited by GREGDOGG (edited March 28, 2004).]
posted
Ok thank you Greg I just wasnt sure if there was anything wrong with buying and selling the same exact stock like 40 times in one year and taking it eachtime as a profit. But I do know if I would sell it as a loss I could not buy it back for 30 days. Thank You again
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posted
Hey Invest.... look over the 18 000 or so otcbb stocks starting alphabetically at A , and try to find some "TRUE" "Rollercoaster" stocks, when you find them, you could play them every month for as long as they continue to "roll".... Good Luck
posted
You may have to look at more expensive stocks around $1 and up to find "TRUE" roller's.... One of these days I'm going to build a program that searches through all 18 000 and picks up the roller's at their best price...
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posted
Thank you Greg, looks like I will try and find some. I currently invest now but am just looking into trying something different, don't get me wrong that I will stop investing I just want to try daytrading out. I will only be daytrading with less than 5% of my current cash in my portfolio and will only find the rollercoaster ones that have potential of growing revenues also. Thank you again
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posted
It's funny how some people don't call "daytrading" investing. I consider any time your playing with money and looking for a profit, to be "investing". The only differance is daytrading is short-term, and investing is long-term. It must say in some book somewhere that if you daytrade your not "investing".
quote:Originally posted by GREGDOGG: It's funny how some people don't call "daytrading" investing. I consider any time your playing with money and looking for a profit, to be "investing". The only differance is daytrading is short-term, and investing is long-term. It must say in some book somewhere that if you daytrade your not "investing".
I'm sure someone will disagree....
Hey Dogg I'm going to show your post to my wife so she can understand that when I'm sitting at that blackjack table I'm investing. I've been telling her that for years. LOL ( course I don't always win there either)
posted
Gregg--the reason i don't call it investing is because---- #4 in websters adds this to the idea of using money to make money--- 4.to FURNISH with power.... the INTENT of daytrading is definitely not furnishing a company with market cap (POWER) however daytraders eventually leave the company's PPS in close approximation to the appropriate price--they just get it there quicker--hence the complaining by investors who have lost the chance to capitalize------
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