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Agree 100% - If you can't afford to lose 100% of what you 'play' here - Go AWAY. This is a glorified online casino. Sometimes it just takes a little longer to lose it all than at BlackJack or ROulette.
Then again - a Reverse Split could make you lose it all in an instant.
Be Careful.
I ONLY play $$$ here that I would play at the tables....
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i would recommend daytradeing. i started tradeing penny stocks almost 2 1/2 weeks ago. i started with $5,000 and a non margin account. ive been spliting up my money to make one trade almost everyday so, i have money to trade everyday because of the 3 day wait with my online broker. ive made $1073 profit off of making $1500 daily investments. im sure you can do about the same with the amount of money you have. i try to only keep penny stocks for one day never keep them over night, you never know what may happen. if you want a long term investment, i would say buy something in the major stock exchanges. your money is much safer there but, then again you have alot better chance making more money in the penny stocks.
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microstock, If you can't afford to lose it, then don't invest it. Investing is about risks. If you can't take the risk then you shouldn't invest.
First I'll give you a money plan and then I'll tell you what I think will fly. Remember, everyone has their own opinion, never means its 100% correct. Just take the picks and do your own DD.
Start with $5000 or $2500. I'll use $5000 as the example. If you managed to make only 10% per trade each month, just 10% on 1 trade a month! You could end up with $1.5 Million in just 5 years. http://www.rollercoasterstocks.com/building-investment.html
I like QBID.
Good luck.
quote:Originally posted by microstock: I need advise on which stock to buy with $4000 for a short term.. can't afford to lose! Any good penny ready to fly?
posted
Take a look at ISAC and ETEC I think these both have strong financials and earnings for penny stocks.
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Clyde Crashcup
unregistered
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quote:Originally posted by microstock: I need advise on which stock to buy with $4000 for a short term.. can't afford to lose! Any good penny ready to fly?
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Save 2000 and put the other 2000 into 3 or 4 different ones that are recommended here. If you're lucky, one might hit while the other ones disappear.
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if you say you cant afford to lose, i doubt you want to have that kind of money in a penny stock for that period of time. but if you want to gamble you could go ahead and try it, you never know you may get a 100%+ or more return or the company could reverse split and you would end up loseing almost your whole investment.
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.....you will see some steady gainers. They are stocks that have hit a new high in the last 20 days. You can also see how many times they have hit a new high during that 20 day period. Some are nice steady gainers. I would put About $1200 each on three separate stocks listed here after doing some DD on them and feel comfortable with your findings. Keep the other $1400 for playing everyday "runners". Don't automatically pick the "steady" stocks that have the "most" new highs. They may be near played out. Biggest point I'm tryin' to make here is never put all your eggs in one basket. Good Luck with it. Everyone take a look at how these two stocks played on Friday. Their pattern of play to me appears as if they are possibly gonna fly a lil' early this week. NXRI and EXCB. EXCB hadn't sold a single share in well over a week and all of a sudden did over 300,000 on the day. Went up tremendously, came back down, and appears to be set to go back up. NXRI has positioned itself for a quick large gain play also. Good Luck with it.
------------------ "When the strike of the hawk breaks the body of it's prey, it is because of timing" The Art Of War - Sun Tzu
"Do Da Due - But Be Damn Quick About It" Da Art Of Daytrading - Dardadog
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Without a doubt MBAH. This will be your Sugar Daddy. It is also on Dardadog's list for stock making new highs. This thing has been a rocket and I believe will continue to be so. Do some DD on it and I believe you will see some nice returns on it. I am looking for it to triple to quadruple from this price within the next 6-12 months.
quote:Originally posted by microstock: I need advise on which stock to buy with $4000 for a short term.. can't afford to lose! Any good penny ready to fly?
posted
You might consider some higher-priced stocks if you cant afford to lose anything. If I had 5,000 right now I might consider going back and subscribing to Jim Cramer's Action Alerts Plus -- he can be a bit of a long-term guy (who doesnt buy pennies or pink sheet stocks) and who's willing to "wait out" downturns, but the time I spent on his program...well..he's pretty darned good, IMHO.
They're offering a 33 cent a share cash dividend soon, for shareholders on record of the 26th (so ya might have to buy by Tuesday)...
The only downside to all this is that the stock price has already jumped up somewhat since the dividend was announced and could fall back once people start dumping -- so if you can buy on a dip in price, that would be better. But if you wanted to invest $4000 into it, you'd make back $1300 or so in cash, relatively safely.
Given the nature lately of alot of penny and pink sheet stocks doing reverse splits, I almost wish I could get out of them and trade something more high priced. Just be careful. Listen to people like Dardadog ; he's probably the most successful day trader here. Like everyone else said, dont invest more than you can afford to lose and it seems the laws of survival in fast moving daytrading of pennies/pinks are: dont hesitate, dont hold overnight if you can help it -- get on, get off, move on to something else, and never ever fall in love with a stock. Reverse splits can make you lose it all.
Good luck to you in your decisions.
[This message has been edited by Phoenixx (edited November 20, 2004).]
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