posted
not sure what your asking and i have to run today.
nothing goes straight up or down, there are a lot of zigs and zags through a stock. this one was up .05 now its up .04 you're good i'm expecting this to start a new uptrend.
Posts: 9110 | From: boston, ma | Registered: Jan 2004
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No Bij I wouldn't sell and re-buy. You can't really do that too often. Depends on the kind of account that you have. Not only that, but you'd lose money on trading fees.
You should read a few books and do lots of research.
Posts: 1632 | From: NJ | Registered: Nov 2005
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posted
its alright, its worth the laugh. I just got into stock about a week ago. How do you buy penny stocks? In otherwords, what price syhould you buy them at? Like if a stock was selling at .007 should i set a limit at .008 or .006? How do you make a nice easy quick profit?
Posts: 46 | From: PA | Registered: Dec 2005
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posted
Should i sell my shares before i loose any more money? I havent made any money with any stocks in my portfolio.
Posts: 46 | From: PA | Registered: Dec 2005
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posted
Honestly, you should pick up some books and really cram your brain with good infomation. That's what I did, plus I asked questions and got some help.
Level 2's, IMO, are the only way to trade. I wouldn't trade without them. Also learn how to read charts. I wouldn't just toss yourself out there without knowing what you're doing. You'll lose alot of money there.
If you want to trade, learn it first. Don't dive in without knowledge of what you are doing. It's a combination for failure. There will always be another stock that will make you money. Trust me.
Stocks go up and and down. The key is to get them low and ride the wave up. Sounds easy right? Not really.
I like Toni Turners books. Good luck.
Posts: 1632 | From: NJ | Registered: Nov 2005
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posted
Well, as a general rule you have to buy at the ask price, but sometimes, if there's a spread between the bid and the ask, you can go lower than the ask. Same thing applies when selling. So with the bid/ask for this stock being .15/.17, you might be able to buy at .16 or .165, but there's no guarantee.
edit: It *is* possible to buy at the bid and sell at the ask, but extremely difficult -- depends on market conditions.
I wouldnt sell. This stock only has 28 million shares outstanding, so there's only 14 million or less in the float. If we get some more buying pressure after lunch, it should shoot up, in my opinion..
Always buy and sell with limit orders. Generally best to get your sell order ready after you buy so you can just push the button and make your profit. But when to get out really depends on what kind of profit you're willing to make, how much risk you can tolerate...
[ December 28, 2005, 12:50: Message edited by: Phoenixx ]
Posts: 0 | Registered: A Long Time Ago!
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posted
Thank you everyone for your advice. I appreciate it a lot. I am only 16, and i would like to start investing it instead of spending. Phoenixx, how do you know what the spread will be? Because is it better to bid below the ask but higher than the bid, only if you know what the spead will be.
Posts: 46 | From: PA | Registered: Dec 2005
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posted
so the reason you guys bought at .17 was because you knew it wast goning to go over .18?
Posts: 46 | From: PA | Registered: Dec 2005
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quote:Originally posted by BijanH: What is Level 2's, IMO?
Level 2s are Level 2 quotes. What you have on your streamer is called Level 1 quotes (bid,ask, time and sales, basic info). Level 2s :basically they show what the market makers are selling and buying at, and the amounts. Useful tool for guesstimating when a stock is going to run because you can see the various prices and the sizes of their orders, roughly. It's not an exact science, IMO, from what I've seen.
Posts: 0 | Registered: A Long Time Ago!
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quote:Originally posted by BijanH: Thank you everyone for your advice. I appreciate it a lot. I am only 16, and i would like to start investing it instead of spending. Phoenixx, how do you know what the spread will be? Because is it better to bid below the ask but higher than the bid, only if you know what the spead will be.
I guess what I meant to say here is: if the distance between the bid and the ask is large (the spread), sometimes you can get onboard in the middle, if you dont want to pay the ask price.
Posts: 0 | Registered: A Long Time Ago!
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quote:Originally posted by BijanH: so the reason you guys bought at .17 was because you knew it wast goning to go over .18?
Some of us bought in the .125 to .14 range yesterday..generally there's no way to predict how far something might run, unless the float (the amount of shares publicly available to trade) is extremely small. Various factors can affect it. If a stock is being heavily diluted (company or whoever is selling it) then the price wont move even on good news.
I had a feeling it would move at least 4 cents from the .13 range, but that's just gut instinct.
Posts: 0 | Registered: A Long Time Ago!
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quote:Originally posted by BijanH: so on pinksheets.com i should look at best bid and best ask for the spread.
Not sure what you're asking here? What brokerage do you have? You should have a streamer or a quotes section on your web account. It'll show the current bid/ask for the stock, which right now is .155 bid, .165 ask, a spread of 1 cent. If it was a tight spread, it would be .164 bid/.165 ask, or even .1649/.165. If the bid rose to match the ask, there's a good chance the ask would go higher, specially if buys are coming in.
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posted
i have an etrade account. Yea i have a streamer and quotes section. and it shows what you are talking about.
Posts: 46 | From: PA | Registered: Dec 2005
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Glad to help -- keep the questions comin'! If I cant answer it, there are enough gurus on this board who can I'm sure.
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