posted
I have approximately sixteen stocks that do not move at all. I have 50% losses on some of them, and was wondering whether it would be smart to dump them at a loss and get into something new or wait it out? Any opinions appreciated..
posted
Really depends on what they are IMHO....I no longer hold any pennies long, except QBID....I simply "play" them now...especially pinks....do some DD and look for trends.....do they spike every x amount of time? could signal an exit point for you close to Buy In..does the RSI show as oversold? Could signal a "wait".....do some DD before you give away your money....of course, it's entirely up to you....GL
-------------------- Marty When I was born, I was granted a visitors pass to earth. I will enjoy everyday until it has expired. You should too ;)
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posted
There are so many variables that may need to be considered.
1) Can you use the tax write off?
2) Take each stock individually and determine if it has a chance to run at all. Many companies are reporting this time of year. How's each companies outlook?
3) Is there another stock with better potential of making $ sooner?
You've probably asked yourself these and other quetions. I'm just throwing out suggestions to help get rid of any stagnation there might be.
posted
Thank you all for your responses. I will try to look into each stock individually, but I am new and not to good with dd. Here are a few that I have large positions in: GWNI, NSDM, NMCX, HSHL, IWWH and SHRN. I appreciate any help you can forward.
posted
ouch, nmcx, you got played on that, that was a group pick, i remeber that one, it was the first makret day fater cmas, i made money o nthat one luckily
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quote:Originally posted by striper: Thank you all for your responses. I will try to look into each stock individually, but I am new and not to good with dd. Here are a few that I have large positions in: GWNI, NSDM, NMCX, HSHL, IWWH and SHRN. I appreciate any help you can forward.
Thanks, striper
Don't really follow any of those but SHRN. I would keep that depending on where you got in. They have a great idea and I have made money on them though I'm not in them right now. Have been thinking of getting back in but haven't had time to Do the due before I buy.
-------------------- You never really grow up you just learn how to act in public.
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#1. Sell and rebuy at a lower price. #2. Buy now and average down and then get out when you're even, probably at .085(depends how much you invest) #3. Sell and don't look back.
From the looks of it, it has support at .075. If it drops below that then it could see the .06's. There's no signs of bullish movement at this point so thats why I would think about those 3 options.
IMO. GL
-------------------- Charts are like artwork, it's the same painting to everyone but each person see's something different.
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quote:Originally posted by 1BigTip: You have 3 options with SHRN.
#1. Sell and rebuy at a lower price. #2. Buy now and average down and then get out when you're even, probably at .085(depends how much you invest) #3. Sell and don't look back.
From the looks of it, it has support at .075. If it drops below that then it could see the .06's. There's no signs of bullish movement at this point so thats why I would think about those 3 options.
IMO. GL
Never, never, never average down. (unless you want to tie up more money. You're trying to buy a prayer.)
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You never, never, never average up. If you're making profits, why average up. Averaging down is an option, if you're down on a stock you got caught in, and you see a reversal start to happen while you're down initially 30+%, you can average down and make profits well below your initial buy in.
Anything involving stocks is a risk - But you take advantage of your options.
quote:Originally posted by newbie do: [QUOTE]Never, never, never average down. (unless you want to tie up more money. You're trying to buy a prayer.)
-------------------- Charts are like artwork, it's the same painting to everyone but each person see's something different.
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posted
Striper... Until June of 2004 I traded $1.00 to $5.00 PPS stocks exclusively by charting them. I still have a portfolio that I trade mid to long term.This part of my investments is doing very well...but...please hear this part...
I started to get involved in Penny's in August 2004. I brought to Penny Trading many of my beliefs and practices from 2002-2004. One of those was holding on to stock.
Approximately 80% of my losses with Penny's comes from holding on to stocks that I bought under the practices learned trading $1-$5 stocks...This was a huge error in judgement on my part. I did not join the blogs and when I did join I didn't listen to the experienced Penny Traders for the first few months. I went only on my past experiences. Thanks to these folks I have gotten my losses back and then some...The only stock I hold long is QBID..but have been day trading that also over the past 6 weeks...
You however, are doing the exact right thing by asking folks advice. Good for you!
1. Find folks here on Allstocks that you can trust...there are many, many good folks! You will find them playing different stocks each day...follow their lead...They will not attack you for being new or for your opinions. Avoid the people who want to get into pissing contests. They are selfish and immature. 2. Listen to these good, experienced folks who know and continue to be willing to be humble and learn. 3. Start to learn how to research for yourself so that you can bring data to this board that helps everyone. 4. Be willing to take losses. Don't go to bed with one stock. 5. Be willing to let go of stocks that you were convinced would do well but didn't. The ones that you thought would make huge profits but didn't. We all have those stocks that because of the product or new technology we thought we would be drinking on the beach in the Carribian. 6. Try to schedule your time to play every day. 7. Spread your resources over several plays and when one of those goes south...get the hell out...
This is just how I feel based on my "on the job training" Your training may be different...if it is I'd like to hear it...Never to late to learn....
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Thanks all This is a great board to be on when i started all i knew was rb board and now i found this one BIG difference.I don't post much but i read alot of post thier are diffdently some good people here.
posted
Striker you are already a member of http://www.droptheclutch.com/stocks/ CNCN was up 400% and SFTV was up 700% if you had purchased any of those you would have made your money back.
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