posted
How come there are sooo many companies running up and crashing down that don't seem to have any business-- and there are a few good companies that can't seem to get rolling? LOL
Posts: 36378 | From: USA | Registered: Sep 2003
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posted
GLASS When you run a screen. Pay close close attention to ROE & ROA. Regardless of economic conditions this tell you how the management is responding. I know posting here you are looking for that low price deal. Like I told some on another thread 200shares @$25 will almost always be a better result than 5000000shares @$.001. This is due to a more stable corporate environment that is reporting facts for your better decision.
[This message has been edited by VNGNTN1 (edited December 12, 2003).]
Posts: 1424 | From: Peoria, IL. USA | Registered: Oct 2003
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posted
In the >.10 arena, I mostly do momentum plays. ] It was mostly a rhetorical question. There are a few good companies in the pennies but they don't get the action. Some of these big OBB movers don't have anything going for them but they make for interesting trading.
[This message has been edited by glassman (edited December 12, 2003).]
posted
If you are looking for a great play under .10 cents i would take a serious look at VRMD. Vision Real Estate Managament and Development released big news on the 5th and is scheduled to have another release soon. Volume has been very high this week. Big blocks being bought and accumulation taking place.
Posts: 48 | From: Vancouver | Registered: Dec 2003
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posted
here is that PR you were talking about coming out on VRMD. any one have any thoughts as to what this might do because of this situation.
ALBANY, N.Y.--(BUSINESS WIRE)--Dec. 12, 2003--Vision Real Estate Management and Development, Inc. (Pink Sheets: VRMD - News), today announced the board of directors has unanimously approved a 40% stock dividend for its shareholders of record as of December 31, 2003. Shareholders of record on that date will receive 2 new shares for every 5 shares they own. The delivery date of the stock dividend will be January 14, 2004. "We are about to substantially increase the asset and revenue base of Vision Real Estate Management and Development through acquisitions and new divisions," commented Daniel J. Duffy, Director. "The upcoming acquisitions and new divisions, which will increase assets and revenues, will be done without using the company's stock as currency. Since no dilution is needed to execute these additional acquisitions, we want to give something back to the shareholders."
Vision Real Estate Management and Development feels that these acquisitions and new divisions are strong enough on both an asset and earnings per share basis to support the additional shares that will result from the stock dividend. Prior to this dividend the issued and outstanding shares of Vision Real Estate Management and Development, Inc. is 48,821,000.
President Donovan Rhoden remarked, "This dividend is a part of our ongoing initiatives to build shareholder value. We are building a strong, viable company and because we are able to add additional assets and revenue streams with no dilution, we feel we can give our existing shareholders this tangible benefit. It is also our way of saying thank you to our shareholders who have stayed with us during our transition to becoming a dynamic real estate company."
posted
I, as most are aware, play momentum also. The thing that you need to remember is that the "Big Stocks" trade on results, while the "Pennies" trade mostly on rumor and fluff. Hence, High Risk - High Reward! Set yourself some ground rules. When vested in a stock, immediately set a point where you sell a certain portion of the stock to recoup original investment and ride the rest (free) to profit. This is the easiest way to guard against getting hurt to often. First couple of months playing with pennies spanked my butt. Then I extablished some "Golden Rules" for myself, thanks CJ, and things have been much better since. For you new traders, you may be waiting on stock and have no other funds until you profit from something. Use this time to practice! Put a dollar amount on paper and play as if you are buying and selling stock (keeping track on buy and sell points). It don't cripple you financially if you lose your arse! With practice you will find yourself doing better DD and in time you will find yourself becoming a better trader. Stock101-out.
THIS IS EXACTLY WHY THE "PROS" STEER CLEAR AND CAN NOT (LEGALLY) TRADE LOW MARGIN STOCKS FOR THE VERY EXACT REASON IN YOUR POST.
IT IS A VERY SMALL PERCENTAGE OF INDIVIDUALS WHO EVEN INVEST IN THE LOW MARGIN STOCKS SUCH AS PINKS AND OTCBB.
5-10% OF THE ENTIRE CURRENCY SIMPLY DISAPPEARS WITH THESE STOCKS. IF YOU ARE AWARE AS TO HOW MUCH CURRENCY IS OUT THERE, THAT'S A HUGE AMOUNT. MEANING THAT YOU BUY AT .10 AND SELL FOR A LOSS AT .08. WHICH IS ABOUT 20% THAT JUST VANISHED INTO THIN AIR. REMEMBER, MOST LOSE THEIR MONEY ON THE STOCKS CONTRARY TO WHAT IS POSTED. NEXT TIME YOU SEE THE POSTS FLY OFF THE HANDLE AND GO UP 300% IN A SINGLE DAY, I ASSURE YOU THAT THOSE PEOPLE MIGHT BE BREAKING EVEN FOR THE MOST PART SINCE THE PREVIOUS LOSSES.
MY BEST ADVICE TO ANYONE IS TO PLAY THE LOW END STOCKS FOR THE LONG TERM, SAY 1-5 YEARS. TAKE A GOOD COMPANY WITH GOOD PRODUCTS TO OFFER, BUY IT AND WAIT. YOU WILL BEAT YOURSELF UP TO DEATH "DAYTRADING". I ALWAYS RECOMMEND ALSO TO TAKE YOUR STOCKS YOU BELIEVE WILL SOAR, PUT IN YOUR LIMIT ORDER FOR SOMETHING REASONABLY CRAZY, AND FORGET ABOUT THEM.
MY PREVIOUS PICKS.
OTOD (02-DIESEL) 3-YEARS AGO AT .0074. PLACED MY LIMIT ORDER IN @ $3.50
HLSH (HEALTHSOUTH) 7 MONTHS AGO AT .10 PLACED MY LIMIT ORDER @ $4.50
KMX (CARMAX) 3-YEAR AGO @ 1.50 PLACED MY LIMIT ORDER @ 20.00
MY CURRENT PICKS WHICH SHALL DO THE SAME AS ABOVE:
NSDM IN AT .11, .106, .08, .048, .046 AND .035 AND I'M STILL HOPING IT DROPS TO .01 TO BUY MORE.
GOT MY LIMIT ORDER @ $7.00
LBTT IN AT .0015.
GOT MY LIMIT ORDER @ $15.00
NSDM AND LBTT ARE MY TWO FINAL PICKS FOREVER. I DON'T CONSIDER MYSELF LUCKY, I JUST NEVER TRIED TO PLAY THE GET RICH QUICK SCHEME WHICH WILL DRIVE YOU BANANA'S. YOU'LL BE IN A STOCK, AND SEE A POST ABOUT A "SURE" THING, YOU'LL WATCH IT HIT 30%, 50% THEN 100% AND YOU'LL SELL OUT OF WHAT YOU GOT, JUMP IN AT 104% ONLY TO SEE THE STOP PLUMMET 80% AFTER YOU JUMPED IN. URRRRR. HAPPENED TO ME ONCE BUT NEVER AGAIN.
PEOPLE ARE ALWAYS GOING TO LOOK BACK AND GO I WISH I WOULD HAVE, I WISH I'D OF DONE THIS. WISH WISH WISH WISH WISH. WELL I GOT LBTT AND HLSH. DO YOUR RESEARCH AND YOU'LL SEE I'M RIGHT WITH THE LONG TERM ON THESE. I WONT BE POPULAR WITH MY PICKS AND MOST WILL SCOFF. BUT THAT IS OK, BECAUSE PRETTY SOON, I WONT BE POSTING ANY INFO SINCE I'LL BE TOO BUSY SLEEPING IN, BEING BORED TRYING TO FIGURE OUT WHAT TO DO WITH ALL MY TIME. USUALLY THE ONE'S TALKING ABOUT IT ARE GETTING IN THE WAY OF THOSE DOING IT.
IT'S LONLEY AT THE TOP BUT YOU SURE DO EAT BETTER...
quote:Originally posted by glassman: How come there are sooo many companies running up and crashing down that don't seem to have any business
posted
Very good post U4TSAF2. I, myself, enjoy the fast pace of daytrading. You have hit the nail on the head though. It is not a game for someone who is not willing to take a loss. I find it exhilarating to ride a stock that is soaring upward, but there is no sinking feeling like a sinking stock. Half of all my gains have been reinvested into two stocks that I am very long on. I have read your posts and had you pegged as a safe and sound investor. I take a bit of comfort from the fact that one of my long holdings is also one of yours. If one is to daytrade, please, set some rules for yourself. Always follow them without question and don't look back. Get your original investment back as soon as possible by selling an established amount of shares, whether it be a third or half or whatever when you have an increase. Never be greedy by trying to eek every "penny" out of a climbing stock, the turn around will bite you. Last but not least, Never Ever Put All Your Bags In One Basket. This is hard to do when first starting out with limited funds, but try spreading it around as soon as possible. Next, always be watching for the sound "penny". Only 1 - 1000 penny stock companies "make it". If you put some proceeds into this "safer" investment, you will thank yourself down the line. If you have chosen the correct long investment, you too one day will be sleeping in like U4T.
i beg to differ with you with regards to short term trading. If you want to succeed, the key is DISCIPLINE, DISCIPLINE, and DISCIPLINE!!! do not be greedy, satisfy yourself with a 30% or 50% gain that you can make in a day or two, and be consistent with them. Those that ride a stock to 100% as you mentioned, sell, and then hop back on at 104% show a lack of discipline and a lot of greed. I guarantee you anyone with that mentality will get burned within weeks if not less. Long term plays are also good - the only disadvantage is that they take ages to wield results.
... and yes short term trading is stressful as hell, but what the heck, if it was like a walk in the park everyone would be filthy rich!
I to am keeping LBTT...NSDM ..for the long term but I would like to ask you how you reached the price points where you are looking to sell and why do you have sells on them...do you just want to put them to the side and forget about them until they reach your goal. Yes it hurts when you sell early and see the stock that you sold for pennies end up being worth dollars.I would say that most lack the patience they are looking for instant gratification and lose sight of what their goals are.I purchase shares to keep and shares to sell within the same stock.This allows me to sell on the way up and keep enough for the long term.I have found that most people do not set goals so they do not know if they want to sell early or hold.Set goals for every stock you own and that way when you reach your goal you will know what to do.JMO but it works for me.
YOU CAN DIFFER WITH ME ALL YOU WANT. DISCIPLINE? AGAIN, MOST LOSE THEIR REAR ENDS. ANYTHING TO THE CONTRARY IS ONLY MISLEADING YOURSELF. YOU ALSO ACKNOWLEDGE THAT IF THIS WAS A WALK IN THE PARK, EVERYONE WOULD BE FILTHY RICH. YOU CONTRADICT YOURSELF BY STATING TO SATISFY YOURSELF WITH 30% TO 50% GAINS AND DO THIS CONSISTENTLY. IT IS IMPOSSIBLE. CONSISTENT GAINS OF JUST 25% MEANS IN 4 TRADES YOU DOUBLED YOUR MONEY, CONSISTENTLY DO THAT AND IN NO TIME WHAT-SO-EVER YOUR IN THE 10'S OF MILLIONS OF DOLLARS. REMEMBER THAT CLICHE'; I'LL PAY YOU A PENNY AN HOUR AND DOUBLE IT EVERY HOUR FOR A MONTH OR WOULD YOU RATHER GET PAID $25/HR FOR A MONTH'S WORK.
YOU ARE CORRECT, IT'S NO WALK IN THE PARK AND I CONFIRM WITH ABSOLUTE CERTAIN FACTS: IT IS IMPOSSIBLE TO CONSISTENTLY GAIN 30%-50% IN A DAY OR TWO OR IN A MONTH OR TWO. YOU CAN'T DO IT. WELL YOU CAN DO IT ONCE, TWICE AND THREE TIMES YOUR BATTING 1000 BUT YOUR FORTH TIME YOU JUST DROPPED 401% AND YOUR NOW DOWN 1% FROM THOSE GREAT GAINS. TO REITERATE, THOSE WHO MAKE THOSE GAINS ARE USUALLY MAKING UP FOR PREVIOUS LOSSES.
quote:Originally posted by trader01: U4
i beg to differ with you with regards to short term trading. If you want to succeed, the key is DISCIPLINE, DISCIPLINE, and DISCIPLINE!!! do not be greedy, satisfy yourself with a 30% or 50% gain that you can make in a day or two, and be consistent with them. Those that ride a stock to 100% as you mentioned, sell, and then hop back on at 104% show a lack of discipline and a lot of greed. I guarantee you anyone with that mentality will get burned within weeks if not less. Long term plays are also good - the only disadvantage is that they take ages to wield results.
... and yes short term trading is stressful as hell, but what the heck, if it was like a walk in the park everyone would be filthy rich!
I TAKE THE HISTORY OF SIMILIAR COMPANIES AT WHAT THEY CURRENTLY TRADE AT. I THEN DEPENDING ON WHAT I FEEL ABOUT THINGS, SET MY SELL PRICE. I USUALLY SELL FOR A BIT LESS THAN I THINK I COULD ACTUALLY REACH.
I PUT THE LIMIT ORDER IN BECAUSE YOU SIMPLY NEVER KNOW WHAT COULD HAPPEN FOR ANY STUPID REASON. (BEFORE IT BOUGHT THE SHELL CORPORATION IN JUNE OF 03, WENT FROM .20 IN FEB OF 2002 TO $19.00 IN MARCH OF 2002. YEA YEA YEA, I KNOW IT WAS ANOTHER COMPANY) IT WONT SELL UNTIL IT AT LEAST HITS THAT LIMIT PRICE I SET AND WHEN IT DOES, I'M HAPPY REGARDLESS. I DON'T CARE IF NDSM GOES UP TO $15.00 THE VERY NEXT SECOND. I GOT IN AT $7.00 AND GREAT!!!!!!!! I'M THE CRAZY PERSON WHO SEE'S A STOCK ASK AT SAY $2.50 AND I'LL PUT MY BID ORDER IN AS A AON AT $2.40; THIS WAY NO MATTER WHAT HAPPENS OR HOW FAST THAT STOCK DROPS, MY AON ORDER WILL FILL REGARDLESS OF THE AMOUNT OF SHARES I'M SELLING.
I HAVE A SET AMOUNT I WISH TO MAKE AND I'M 2-3 TRADES AWAY. THE TAX-FREE T-BILL INTEREST ALONE IS FAR GREATER THAN MOST CAN EVER DREAM ABOUT LET ALONE MAKE WORKING THEIR ENTIRE LIVES. 10 YEARS OF HARD WORK, HOLIDAY PAY, WEEKENDS, 401K'S, ETC. ETC. ETC. IS WHAT I'LL BE MAKING EACH YEAR ON T-BILL TAX-FREE INTEREST ALONE.
quote:Originally posted by TRSTURGUT-18: U4... NSDM / LBTT
I to am keeping LBTT...NSDM ..for the long term but I would like to ask you how you reached the price points where you are looking to sell and why do you have sells on them...
posted
[PRVH is moving up it looks like one of those good companies, but it isn't a >.10 anymore.
in response to losing Urass-- You have a system that works and fits your pesronality.But the doubling of money as you represent it is not humanly feasible. One can set a reasonable goal of daytrading to make $200 a day and maintain that-- when you start trying to manage trades in pennies of doubling your whole portfolio every week you get into volume issues. You dont want to make the whole market-- you want to be part of the rise and get out before the musics stops. (35 or so years ago in elementary school they taught me a game called musical chairs)Anybody who starts telling me any stock is going to be $xx.xx next year I just filter out. They are entitled to their opinion. Once you reach your reasonable goal take your capital back out.If you see it dropping get out, lick your wounds and start over.It is not for everyone and I get annoyed when I see inexperinced people getting suckered, but everybody learns in their own time.
[This message has been edited by glassman (edited December 19, 2003).]
[This message has been edited by glassman (edited December 19, 2003).]
posted
These are good post. Lots of ideas to think on. I too am holding LBTT, got in at .0018. Did not sell at the .03 mark. Like what I see in it. Bought FLCR at .05 and had a limit to sell at .10. When it hit there I cancelled due to the way the charts looked and the info. I kept finding when doing some DD. Still holding. Also, holding MSITF for the long haul. I sold my PRVH at .20 on the first run up. Wish I had held, but made good profit.
I like U4t idea of setting the sell limits way out on stocks he feels good about. I may try that on LBTT and MSITF.
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