posted
It looks like .0001 is about to become history. Here's to .0002 - .0003 today. Volume is heavy and climbing!
Posts: 1254 | Registered: Aug 2005
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i have 5k to invest and thinking of trading micro stocks to make money. however etrade and onlibne companies wont allow stop or stop limit trades on pennys. also they only alloow daytrading with balance greater than 25k. any way around this. i guess they allow 4 round trip trades per week.
-------------------- Jason D Posts: 15 | From: boston | Registered: Jan 2006
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quote:Originally posted by stnkng1: why does it keep going back to .0001
There are still suckers willing to unload at this basement price. Better off just holding and putting pressure on the MM's to allow it to run.
Posts: 1254 | Registered: Aug 2005
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quote:Originally posted by menslib: sorry this is off topic
i have 5k to invest and thinking of trading micro stocks to make money. however etrade and onlibne companies wont allow stop or stop limit trades on pennys. also they only alloow daytrading with balance greater than 25k. any way around this. i guess they allow 4 round trip trades per week.
Save your 5k and don't nickel and dime it away daytrading. Find an agressive company that you feel you can stick with over time instead of an overnight success. This is my best advice I can give you if you really want to make money.
Posts: 1254 | Registered: Aug 2005
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quote:Originally posted by stnkng1: volume is climbing because people are selling volume isnt going up because of buys right?
You have both. However, there are more buys coming in than sell orders which is slowly but surely knocking out the .0001 barrier and moving us up. Daytraders are hoping to flip .0001 to .0002 for a quick double with hopes of buying back at .0001. I'm afraid those hopes are about to be ruined as now we are getting buys at .0002 today taking us up. However, there are still some who are unloading their shares to the MM's so they can go after another stock they feel can bring them quick cash for today. I really do believe that we are now on the move up as the new CEO is staying true to her word and that is get the price up to the company value.
Posts: 1254 | Registered: Aug 2005
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posted
do people who day trade make money by buying risky stocks and holding them hoping they will go up or do they constantly buy and resell volatile stocks?
-------------------- Jason D Posts: 15 | From: boston | Registered: Jan 2006
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quote:Originally posted by menslib: do people who day trade make money by buying risky stocks and holding them hoping they will go up or do they constantly buy and resell volatile stocks?
Most daytraders look for any stock they see that can bring them a quick profit. Let me tell you from someone who has made $10,000 in a day and lost upwards of $6000 in a day that it is better to find an agressive stock that isn't risky who has solid growth and leadership. Here are two companies that have risk but solid leadership that I follow: CESY and CWPC. Read up on their PR's and do you own due diligence to see if they are right for you. I cannot recommend CWFG to anyone as the company still has to prove it's leadership and financial growth.
Posts: 1254 | Registered: Aug 2005
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posted
Menslib - buy the book "The little Blue Book that Beats the Market" by Joel Greenblatt (Gotham Capital Manager annualized return of 40% a year for past 20 years) Read it, then read it again, then write a summary of it, then read it again, then paper trade for a few months, then read it again, then invest. It is the bible.
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot. Posts: 5320 | From: Syracuse, NY | Registered: Apr 2005
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quote:Originally posted by DWE: Hey, wasn't today's PR the same as last week's? Old info we got today.
Negative, today's PR stated that the major retiring of shares has now been completed and that more will be forth coming.
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posted
My favorite part of the press today-this company must be legit-jmho---- ------------------------------------from the pr.-----Ms. Ryals, CEO said, "We are aggressively growing our company and we will not remain idle while our share price remains undervalued. I remain confident in our company's business model and strongly believe, given our current prospects that our stock is severely undervalued and I intend to pursue additional share buybacks, and retire them to the company treasury."
Posts: 3056 | Registered: Feb 2005
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posted
My favorite part is knowing we are about to go up and laughing at those hoping to hold it down in an effort to get on.
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