posted
Lets say for example HCCF reaches .0002. I want to buy $1000 worth of stock. That means im going to get 5,000,000 shares. Will this order fill? How long will it take to fill. Im a newbie and am going to use choicetrades.com. Any feedback?
Posts: 4 | Registered: Dec 2005
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It really depends on the o/s for the stock. And the liquidity.
Example: According to Pinksheets.com the o/s for HCCF is 987,831,056 as of 2005-06-30. Also more than 20 mil traded yesterday.
Given that, it is likely your order could be filled as long as your bid isn't too low. You can request an AON order but it is more likely to fill in a couple chunks over a period of time.
If you are a true newbie to investing I suggest you spend the next six months in very safe stocks where you won't see a lot of action while you learn what you are doing. Jumping in with both feet is a good way to lose your money very quickly! Especially in penny stocks.
If you are sure you want to start investing in these stocks then in the General Investing Topics Forum there is a thread titled "Advice for a Beginner." Read it, print it out, put it next to your computer, and read it again every time you are thinking of making a trade.
Penny stocks are like adrenaline, you feel great when they are running, but the crash can be devistating. And like a workout junkie you can get addicted.
That's my advice, perhaps others will have other words for you but I doubt many are on the boards tomight. Have a Happy New Year and good luck!
The Bigfoot
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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posted
Sirbroker to fill 5m shares of a subpenny stock isn't something that is rare. As someone said above the higher the o/s the better your chances of getting alot of shares without a parital fill. Just because a stock is subpenny doesn't make it the best choice for a stock to invest in. Usually a stock is that price because of dilution. And Dilution isn't something you want in a stock you are holding. As you go along you will learn alot of things about this market. What ever you do any questions you may have don't ask RiescoDiQui because he has no idea what he is talking about.
Posts: 162 | From: Kentucky | Registered: Dec 2005
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quote:Originally posted by SirBroker: Lets say for example HCCF reaches .0002. I want to buy $1000 worth of stock. That means im going to get 5,000,000 shares. Will this order fill? How long will it take to fill. Im a newbie and am going to use choicetrades.com. Any feedback?
I hate to say something about your choices but I also hate to see someone make a mistake too. HCCF is at this price for a big reason. You should consider a smaller investment if you really want to invest in this but there are major concerns with this stock. I wouldn't touch this one myself. But if you don't want to believe that this is a bad investment at least realize its too risky to put that much into it.
-------------------- Invest with your brain not with your heart. Posts: 4405 | From: Bristol, Tn, USA | Registered: Aug 2004
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-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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posted
Sirbroker honestly speaking Ric is a pro at this. I would suggest taking what he says into consideration before buying a stock as an investment.
Posts: 162 | From: Kentucky | Registered: Dec 2005
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quote:Originally posted by RiescoDiQui: How is CEAT doing pitty?
Happy new year to you as well. CEAT is doing well. Trying to hold support and hopefully break .75 soon. You also failed to bash the other 2 daytrader I called PMEDW .018 High .049 and PLMA which did very well the day after I suggested it as a buy. Anyway have a happy new year and study more so you can become like RIC someday.
Posts: 162 | From: Kentucky | Registered: Dec 2005
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posted
Well if i buy 5 million shares of HCCF at $.0002, and it goes up to .0004, wouldnt i make double of course? How hard would it be to sell my 5 million shares? Instantly?
Posts: 4 | Registered: Dec 2005
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Spoken like a person with champange wishes and caviar dreams.
That's the basic idea of pennies, a quick turnaround with a large percentage gain.
Yes, you are correct, buy at 2 and sell at 4 and you have a 100% gain minus commission.
Would it sell instantly? Aye, there's the rub. If you bought at 2 then you will have to wait for a PR or quarterly or something to come out with good news and hope it is enough to push buying pressure up to 4. Everybody in pennies is looking for a deal. You want to pay 2 and have it go to four. The only way other buyers are going to go to 4 is if they think it will go to 6, etc. etc. etc.
So you tell me. Does HCCF have anything good coming on the horizon in your opinion? Is it good enough for buying pressure to rise to the level you want to sell at?
Researching and buying stocks can be fun or timeconsumming however you approach it. Buying right however is only about 25% of what marks a good trader. Selling at the right time is 75% of what proves a trader as successful.
These boards are full of people like me who have been trolling these waters for a couple years. Most if they are lucky will break even at the end of the year. Get what I'm saying? Buying is easy, selling not so much.
So you tell me, what is going to make this stock do what you want it to?
The Bigfoot
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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quote:Originally posted by SirBroker: Well if i buy 5 million shares of HCCF at $.0002, and it goes up to .0004, wouldnt i make double of course? How hard would it be to sell my 5 million shares? Instantly?
Yes if you buy at .0002 and sell at .0004 you would make 100%. For you to sell 5m shares of a subpenny should not be a problem either. HCCF is a pink sheet so you would have to sell on the bid not on the ask. So you would have to wait till HCCF is .0004/.0005 bid/ask inorder for you to make your double. As ric said stocks are at these prices for a reason. Dilution may haveplayed a key role which would make the chances of it going that high very unlikely. Not to mention so many people have shares at low prices that the sec she upticking people willbe hitting the bid causing the stock to go back down. In other words if you want to get in and out quick might want to look at daytrading.
Posts: 162 | From: Kentucky | Registered: Dec 2005
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posted
In other words if you want to get in and out quick might want to look at daytrading.
definitely.. i hate dead money
(had to give ya 5 stars for that one P....)
-------------------- siggy: 'the poorest way to help the poor is to be poor' / jmichael1974 (yahoo) Posts: 836 | From: Atlanta | Registered: Aug 2004
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