posted
I've been reading the posts here for a couple of weeks now. One thing I see mentioned a lot is, "Do your DD before buying" Also, where does a person find the stocks to research? I found a list of all the penny stocks that are available, do you just go through each and every one? I don't really know where to get started. Are there any good books or other reference materials anyone can recommend? I have been fortunate enough to have acted on some of the great tips I found on this board. I don't want to always be a parasite, I would like to be able to offer up some morsels of information as well! I want to be like Keithsan... :-)
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To sort through all those stocks you could use a stock screener. I recommend Investopedia.com to beginners as well as experienced ppl.
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Cloud, I just emailed a link to investopedia to a friend! She is just starting investments.
All readers should visit Investopedia as Cloud suggests. I was there just today to discover what "F" means when attached to a ticker symbol. All these years, never ran into that one. Came about while updating my stock files. A stock ESIM became ESIMF since I last looked at it.
quote:Originally posted by Purl Gurl: Cloud, I just emailed a link to investopedia to a friend! She is just starting investments.
All readers should visit Investopedia as Cloud suggests. I was there just today to discover what "F" means when attached to a ticker symbol. All these years, never ran into that one. Came about while updating my stock files. A stock ESIM became ESIMF since I last looked at it.
Now I know what the "F" means.
Cloud suggests a great site, go there!
Purl Gurl
Hey Purl Good to see a post from you.
-------------------- You never really grow up you just learn how to act in public.
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Glassman, just about everything I write or say, is bull. Yes, the bull is back!
As you know, since Feb of last year, the markets have been very flat. There has been no crash or poor markets as some claim, there just hasn't been any action. Prices are the same today as a year back.
Of course there have been selected exceptions, some runs here and there, but they are so hard to find it just isn't worth a serious investor's time.
CNCN was a recent run but not really much of anything to become excited about. The run only lasted a couple of days and is now over.
The way CNCN behaved, very much mirrors the stock markets over the past year; not much going on.
Yes, I believe our markets are right on the verge of becoming bullish again. However, I have some doubts. The wars we are in are really killing our economy and markets. Bush is now sending out signals he may start a war in Syria. Bush has made a F'n mess of the Middle East and just about everything else he touches.
Setting politics and war mongers aside, I believe Wall Street, the crooks they are, need to refill their coffers by ripping off the American public as is tradition. It seems they will let loose the bulls despite Bush's attempts at destroying world peace and at destroying world economies.
Greed is an extremely powerful force and Wall St. is the icon of greed.
Markets have been flat for a year, those big boys over on Wall Street need to replace their year old cars, Porsches and Mercedes, to maintain their image and delicate egos, not to mention lavish lifestyles and living quarters.
You watch, they will create an illusion of a strong bull market to sucker people out of their money.
Trick is to not be one of the suckers. Diane says, "Go with the trend." That seems just about right.
**
Off Topic
Remember my tirade about the new shorting rule? What did Wall Street do? They enlisted brokers overseas to unlawfully list companies on the Berlin exchange, only to be naked shorted.
Now evidence is surfacing Market Makers are circumventing the new shorting rule exactly by the methods I indicated they would, the loopholes written into the rule to benefit Wall Street without appearing so.
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i think it was the flirtacious nature of the posts that made them undesirable...
i'll try to behave myself from now on....
CNCN got HOT, yes, but they have such a low float, that it was inevitable for the PPS to go so high so fast on even a hint of good news...
i have had them on my low float watchlist for months. i do my DD on each company that "pops" on one of my volume screeners....
i take notes and keep them on a special "alert" list... when the time is right? i am already prepared....
i think they are likely to be a good long term hold AFTER the PPS returns to a more reasonable state....i won't speculate on what that price should be right now...
somebody recently commented on the irony of my comment that 90% of the work gets done by 10% of the people...the irony being that "ALL" we do here is trade, well i can tell you that i do a lot more than just move money arond here....i read somehting like 3K web pages a week....and that doesn't include the applets from the broker or microcaptrade...
[ February 20, 2005, 18:46: Message edited by: glassman ]
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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Yes, a lot of work to research stocks. I gave up back in March of last year. Switched over to moving money into real estate, which is hard physical work.
Currently, I am investing two or three times as much time into research than a year or two back. Past week I have been transferring my 3 by 5 stocks cards into Filemaker Pro to work on saving time and effort.
So far, out of six-hundred plus stocks, I have not found a single one which excites me.
Nonetheless, something has to pop after a year of flat markets. Costs continue to rise, so stock share prices have to rise as well. Thus far, no change in stock share prices, on the average.
Something is gonna break, soon. You cannot have inflation and not have rising stock share prices.
My bet is efforts will be made to create a bull market, even if done so as a pretense.
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