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Well it seems like this is the most visited section of Allstocks.com and also a place where you can practically double your money overnight or within the same week when picking stocks under .10 cents.
I was just curious if anyone wants to share their strategies when searching for penny stocks? What do you mainly look for? A stock that has been basing a while? A stock with high volume? Do you only buy a penny stock when its at its 52 week low? I was just curious as how other people search for these penny/sub stocks.
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one of my most successful techniques is to look for stocks that are seeing a large increase in volume without a huge change in PPS. often a stock will trade heavily for a day or two BEFORE the price runsup... these are usually the best gainers and offer the best oppurtunity to "get in on the ground floor"
Posts: 36378 | From: USA | Registered: Sep 2003
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That was very good advice Glassman I hope others can reply to this thread and share information so that we can all can become better investors/traders. Thank You
Posts: 41 | From: Youngstown, Ohio | Registered: Jun 2004
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follow ALL of dardadogs posts...even if you are not ready to start buying his pix... check out his kinks,LOL i mean links, he has a VERY good DD plan...
Posts: 36378 | From: USA | Registered: Sep 2003
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I do basically the same thing Glassman does. I imagine he does the next step that I do and checks for any recent PRs to cause such movement. Then, being a fundamentalist, I seek out all financial information I can find, especially SEC filings.
Although I do not strictly adhere to it, I look for positive earnings (preferably for a sequence of quarters and years). Then, look for a positive cash flow statement. Last, the balance sheet - check current assets (minus inventory) against current liabilities (1 to 1 or better), current assets vs current liabilities (2 to 1 or better), prefer companies with no long term debt and a positive stockholders' equity. Always check the auditors' statement for "exceptions" (SEC filings) and read the whole SEC filing for any unusual items that may be beneficial or detrimental. Further, I like to see if officers, directors, and other beneficial owners are selling or buying and when.
Oh yes, check out DaDog's links as Glassman says. Also check out Glassman's!
[This message has been edited by Wallace#1 (edited July 31, 2004).]
quote:Originally posted by glassman: one of my most successful techniques is to look for stocks that are seeing a large increase in volume without a huge change in PPS. often a stock will trade heavily for a day or two BEFORE the price runsup... these are usually the best gainers and offer the best oppurtunity to "get in on the ground floor"
Would this theory make USCI one stock to watch closely? And PCCL?
[This message has been edited by newbe (edited August 01, 2004).]
Posts: 17 | From: Morongo Valley, CA USA | Registered: Jul 2004
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PRRM - been getting hit with extremely heavy vol lately! (definitely on my Mondays' watch-list) ;0)
Posts: 836 | From: Atlanta | Registered: Aug 2004
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Hi Wallace and Glassman -Good Posts -Where do you look to see which stocks have been gaining in their volume over their usual volume? Thanks-Debi
My method of finding a great stock is on news of agreements with big companies like bio-techs getting deals with BSX, JNJ, or Homeland Security products with Government/Military contracts or in ONEV's case Bill Gates showing their product and calling it the wave of the future. Good Advertising. In ONEV's case I expected it to run sooner and sold after two days because it didn't run and had to buy it on the run. Fortunately that one was so good it was hard to not make money. -IMO-Debi
Posts: 1188 | From: Clinton, MA 01510 | Registered: Jan 2004
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look in the posts for the clues to where he is getting the data from.... he isn't hiding it.... your charts should show you the volumes across the bottoms..if they don't, you need to get them set up to...
I use the barchart reference that keithsan gave you. Another one that shows each and every day is on www.StockHouse.com. I am a novice with computers and have trouble posting the site, but go to StockHouse and put in the symbol, up will come "Go Directly to Company Snapshot" (top left), click it and then Co info will show up. Under the Chart on the right it will say "View History" and it will show the last 20 days (open,high,low,volume). Go to "Previous" below and you can get more.
posted
Thank you to all who replied I think I will check out the "Bottom Plays" thread also. Thank you again
Posts: 41 | From: Youngstown, Ohio | Registered: Jun 2004
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