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This week I have made free share possitions in 5 new stocks. Some range from 3,000 shares to millions. My question for you all is, how realistic & worthwhile is it to build a large free share portfolio of many stocks ranging 3,000 to 6,000 in free shares?
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Ask Uncle Milty, from what I gather he has built some considerable retirment possibilities from free shares.
Posts: 1702 | From: Michigan | Registered: Oct 2003
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When I try to decide on free share positions, I try to determine whether its a flash in the pan run on the pps, or is it a real company with a potential future.
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Free shares is when u blackmail the marketmakers by hiring private detectives with new picture phones.
Posts: 973 | From: usa | Registered: Aug 2003
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quote:I am new to penny trading and have never heard of "free" shares, someone please explain...thanks
I define free shares as the shares left over after you sell enough to get your original investment back. Say you bought 10,000 shares of a company at a nickel for a total investment of $500.00 (excluding commissions). Then say the stock goes to .08. You could sell 6,250 shares to recoup your original $500.00 investment. The remaining 3,750 are your "free shares". You invested $500.00, you were returned $500.00 and you have 3,750 shares of stock that in effect cost you nothing.
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bump (since trading is over, that is for those not having withdraw symptoms, I thought I would put this to the top for more answers)
Posts: 973 | From: usa | Registered: Aug 2003
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The best type of free stocks, are the ones where people transfer ownership to you. Like for a belated Christmas gift, or because you're feeling nice, or want to give me an early birthday gift.
So....if anyone is feeling one of the above, just let me know
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bump, bump. Still need more imput! Its a long weekend so maybe everyone will have time to answer.
Posts: 973 | From: usa | Registered: Aug 2003
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if i had those free shares i would consider it pure profit.i would set my mind to what price i would be willing to part with,and use the proceeds to but other potential gold mines.this way it hurts less if something were to happen.
Posts: 44 | Registered: Feb 2004
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