quote:Originally posted by BadBrad: what's the guess for the next PR? friday? if so this is the time to flip if you are so inclined...
that's my intention with my choicetrade account.. sold all 340k today. looking to get back in tomorrow.
Probable PR on Thursday. If no PR Thursday, that may be an even better time. I'm waiting to get back in somewhere in the .006x's. I still have 515k shares in my Scottie account, so if this goes up, Great! And if it goes down, that's fine too. I'll just load up again.
posted
stupid new guy question. what does it mean if a stock is in the grays??? does it make it hard to buy and sell? what does it mean???
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quote:Originally posted by Doniboy: Thank God I sold out of LFWK before it went up.
The object of this is the first one to zero wins right? Right? No?
Whatever
LOL. Man, Don. You gotta work on your timing. At least you still had some of shares in this today right? I hope?? I hope you don't go bankrupt. You're an enjoyable character here.
-------------------- Hindsight is 20:1. It's like printing money.
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quote:Originally posted by BadBrad: what's the guess for the next PR? friday? if so this is the time to flip if you are so inclined...
that's my intention with my choicetrade account.. sold all 340k today. looking to get back in tomorrow.
Probable PR on Thursday. If no PR Thursday, that may be an even better time. I'm waiting to get back in somewhere in the .006x's. I still have 515k shares in my Scottie account, so if this goes up, Great! And if it goes down, that's fine too. I'll just load up again.
quote:Originally posted by logical buyer: Market is closed Friday.
quote:Originally posted by edgewise:
quote:Originally posted by BadBrad: what's the guess for the next PR? friday? if so this is the time to flip if you are so inclined...
that's my intention with my choicetrade account.. sold all 340k today. looking to get back in tomorrow.
Probable PR on Thursday. If no PR Thursday, that may be an even better time. I'm waiting to get back in somewhere in the .006x's. I still have 515k shares in my Scottie account, so if this goes up, Great! And if it goes down, that's fine too. I'll just load up again.
These rides are great.
Yea. I hope this thing has a nice run on on Thursday so that I can really enjoy the 3 day weekend!
-------------------- Hindsight is 20:1. It's like printing money.
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quote:Originally posted by buzzygresham: stupid new guy question. what does it mean if a stock is in the grays??? does it make it hard to buy and sell? what does it mean???
quote:Originally posted by paulbest: Have $43 left in my account. How did I do?
Next time put in a limit order, RSHN will uptick on buy orders so they will screw you into buying at higher prices with every order that goes through, as you can see in your end result.
-------------------- Well done is better than well said. Ben Franklin
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imakmony2005
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posted
buzzygresham Member
Member Rated: posted April 11, 2006 04:27 PM -------------------------------------------------------------------------------- stupid new guy question. what does it mean if a stock is in the grays??? does it make it hard to buy and sell? what does it mean??? -------------------------------------------------------------------------------- Posts: 266 | From: Levelland | Registered: Mar 2006 | IP: Logged | GRAYS ARE THE VERY BOTTOM LOWER THEN A PINK. VERY VERY RISKIE.
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quote:Originally posted by E-Z: Just curious how you can up a portfolio by 50% in a year, but not know what you are making/losing between .0068 and .0069???
Maybe he put it all in GOOG
-------------------- Well done is better than well said. Ben Franklin
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First of all... Green is green and when you lose it, your left with less than what you started. To be honest, you must be prepared to lose it... But don't come to the table with a ho-hum attitude towards making your money grow my friend. You need to put on your game face, do some research on your companies, etc.
As far as "how did I do"... To be honest you should have tried to get in earlier today when it was sagging around .006x or so.
I like a great number of guys here try to watch the heart beat of things to come... We watch threads, message boards, charts, volume, movement, etc.
I myself try to get in VERY low so I can gobble up a million or so shares for a couple hundred. I then sit on my nest egg until I can cover what I put into it and make a little "boot" as I call it. I will then offload 100,000 or 250,000 shares to "cover" my initial investment, trade costs, fees, etc so I can ride what is known as "free shares". With the funds I get back plus my "boot" I still have money to trade and I take a little and place it in my childs college fund.
You really need to google penny stocks and learn the risks involved... They have great rewards when they HIT, but there are a great number of flops out here.
Research the company, the ceo's, previous business names, secretary of states, court records, suits, financials, filings, etc.
Once you are sure they are honest and are a factual business with a future... Then you can risk taking a "gamble".
The "market" as we know it is also very strange... Once day mining companies may be big, another day bio-tech companies and another day it's something else. It's hard to keep up with trends at times... But you can find sites that will tell you the volume of all trades based on the industry you are investing.
Also... Keep your ear to the ground for news. Big things like bird flu and the like make certain bio-companies a nice target for investment... But trials and human testing can take years.
All I can say after being married for many years is this: Don't EVER lose your wife's money! You will never hear the end of it! It's almost as bad as knocking over her favorite china that her Great Grandmother handed down.
Good luck and keep your eye on things... Practice self control and don't get too greedy or too scared and you should be ok.
Zow
quote:Originally posted by paulbest: I got 200K * .0072 400K * .oo75 400K * .0075 300K * .0076 50K * .0075 Have $43 left in my account. How did I do?
Where do I go from here? I know if we knew that we'd all be rich. Best guess on the routes I can take?
posted
Thanks Agent. But I really wanted to make sure I got in today, so I just put market. . As sometimes with PK"s the orders dont go through when there is amd rush to buy going on. But I'll take your advise. You are saying I should have bought in at .0072 /LIMIT and nothing higher. Correct? Man I hope my wife understands what might go down here....
Paul
-------------------- Do not invest on any of my suggestions
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posted
Paul, if you are in for the long term then your buy in point is just fine IMO. Its expected a possible 2 cents in the near future. You have to get a feel for what the market can handle, on a solid runner that doesn't dip at all then your strategy is the only thing you CAN do.
On a stock like RSHN which still bounces a little, you may wait a few minutes to finish filling your order, at a given point, but it can often happen just fine without you being left in the cold.
Again if you are longer term though, dont sweat it. IMO this will probably see a bit of a dip tomorow, but I could be completely wrong as there is yet another PR possibly expected this week (so goes the rumor).
Since I have only been watching RSHN seriously for a couple weeks, I see ups and downs, its still being played and not 100% invested nor sold. Ergo it goes up, and then it dips, it goes up again, and then dips again. At least today though it still closed well above previous close.
Experience from watching, and sometimes putting money into a stock, is the only way to make good guesses on how much of an AON (all or none) order will go through, when your limit order will or will not go throuh, and when to take risks with order timing and sell/buy points, and where to set your stop losses. If you look at yesterdays activity for STTK that is one example of people either making lots of money or losing lots of money depending all on timing of buy/sells, and setting of stop loss points.
I dont even get realtime L2s for my pinks (only OTCBB or greater), so I have to look at the orders that are going through to make my guesses.
Tomorow morning, as little as 2 or 3 sells will start this one sliding to around .0068 or so. A couple buys will bump it to just under .0080, and then it will probably retrace slightly until the next PR.
-------------------- Well done is better than well said. Ben Franklin
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quote:Originally posted by paulbest: Thanks Agent. But I really wanted to make sure I got in today, so I just put market. . As sometimes with PK"s the orders dont go through when there is amd rush to buy going on. But I'll take your advise. You are saying I should have bought in at .0072 /LIMIT and nothing higher. Correct? Man I hope my wife understands what might go down here....
Paul
Rule 3: Don't chase a stock up. That's another rule that you kinda broke today.
From my experience, if a stock is running up, it will almost always have a minor pullback at somepoint before it goes on the next run. That's how I lost on DVFN and GRMU. I chased up, and then got stuck with the shares as the values went back down to their original value.
Right now, I see this thing creeping back down to .0065 or so. But if a PR comes out soon, then it'll move back up again before moving back down, and it'll approach .0080.
So given that you're already in the stock with an avg. around .0074 (you can calculate your weighted avg, I'm too lazy), with that sort of avg. all you can do is hold and wait for the next run.
I'm not gonna get on you yet about flipping the stock yet (sell at a high point, get back in at a low) but that's a great way to benefit from these little runs that this stock has.
But for now, just lean back a little, and it should go back up once the next PR hits. You just have to take note of how lucky you are that this is the first penny you got in. Most of them, you could be way out of luck by now. But RSHN's a real company at least, with a good product, and good future potential.
Just keep hanging out on these boards, go read the section for 'Newbies', and educate yourself a bit, and you'll do fine.
Good luck.
-------------------- Hindsight is 20:1. It's like printing money.
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Yea, limit order is the way to do it. Just put in whatever price you want. Once it hits that price, it will turn into market. That helps to protect you a lot from buying or selling too early if going by market price.
Edgewise:
What do you mean by limit order is this when you buy or sell??? I am planning on selling 800k shares once it reaches .0085 what does this limit order mean???? Help????
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posted
I use LIMIT for my buy and sells, again I have to with my broker. Once you get a feel for a stock though you know where to set your orders. Right now there is a window, or a box, that RSHN trades within based on news and no news, its pretty predictable right now.
-------------------- Well done is better than well said. Ben Franklin
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quote:Originally posted by netfreak: originally posted by edgewise:
Yea, limit order is the way to do it. Just put in whatever price you want. Once it hits that price, it will turn into market. That helps to protect you a lot from buying or selling too early if going by market price.
Edgewise:
What do you mean by limit order is this when you buy or sell??? I am planning on selling 800k shares once it reaches .0085 what does this limit order mean???? Help????
Basically, just put in the Sell order as a Limit at .0085.
This means that the order will sit there, idling until the Bid for RSHN becomes .0085. At the point that your limit price and the bid price line up, your order should execute.
-------------------- Hindsight is 20:1. It's like printing money.
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posted
Hey zoe, first thanks for atking the time for posting good adive and helpful tips. I started 3 yrs ago researching pharm stoks, as you say I just missed out on The Great Bull Run of Pharm Stocks, by a few months. I caught in when they were all going down, I believe summer 2004. But we didn't buy any. Then I went into mining stocks in late 2004, and again too early, so we didnt buy much. My father had always made money in silver/zinc abut it was too early. So we made a few investments in canadian oil. Made a few $'s there. But we missed loading up a=on CANWEST Oilsands and , only bought 10K at 30 cents, I saw it when it was 22 cents, but like a minor league batter in the first game of amjors batting against Randdy Johnson, I froze at the palte and bought zero shrs for my wife. my father got nervous and sold the 22K shrs we had for $1.74 in November, now CWPC.OB trades at $6+. I also found Silvercorp SVM.TO at 86 cents, My father kept his aslm.pk, which si a loser and only bought 10 which we sold along the way at 3-5. And had to rebuy at 7-12 in the past month, . Now she's at $15+ american. So we made alot of mistakes. But I did find Firestone Ventures at 25 cents, now one month later she' s at 50 cents american. So I I've had a few good picks but many more missed chances.
I'll read the posts here and try to make my pics based on what you guys say + looking at the company.
I was trying to get rich quick with RSHN, making up for all the lost opportunities in the past. But I see this might not be the case.
See you long on RSHN.
Man I see all the mining stocks TANKED today.
Paul
-------------------- Do not invest on any of my suggestions
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quote:Originally posted by netfreak: originally posted by edgewise:
Edgewise:
What do you mean by limit order is this when you buy or sell??? I am planning on selling 800k shares once it reaches .0085 what does this limit order mean???? Help????
Sorry to jump in here edge....
Nfreak... A limit order is an order to buy or sell a stock at a certain price. Limit orders are normally good for 90 days if you select GTC (Good till cancel) or for one day if you select GFD (Good for day).
Say you want to offload 200,000 shares of RSHN when it hits .01. You could set a sell limit RIGHT NOW for .0099 OR .01 for 200,000 shares and go fishing for the next 3 months.
If it hits a penny... Your money will be in your account when you get home from your trip.
Same thing if you keep watching a steady running stock go up/down/up/down... Rather than watch it... You can put in a buy order with a limit of .0050 or so... When it hits a little below that mark, you will buy X shares while you are fishing.
Bottom line... If you learn how to time bomb your sells/buys on a STABLE stock... You can go fishing a great deal.
HOWEVER... if you forget about it and the bottom drops out... Your sell at .01 will still be there when you get back from fishing and the stock could be back at what you got it for or much lower.
Stocks are a great deal like children... you always need to keep them under control.
quote:Originally posted by paulbest: So I I've had a few good picks but many more missed chances.
In the short, and sometimes long term, missed chances are exactly that and shouldn't usually be chased. I've lost 10 grand in the market before doing such things, buying when the runs have already happened. Here is a good quote to sit on:
We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful. Warren Buffett
P.S. If you set your sell order right now, set it GTC which is Good Till Canceled. You can always change these later.
-------------------- Well done is better than well said. Ben Franklin
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posted
READ We only bought 10K shsra of silver corp at 86 cents ...So i do have a good eye for winners , its just in these pennies/less than a penny that I feel uncomfortable with.
Paul
-------------------- Do not invest on any of my suggestions
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posted
I think many members are over concerned with PRs. Many stocks got a run with PR at all, such as CLBE, JKRI, GLIF, and DIAAF. XKEM got a pull- down after a PR. When the MMs are collecting shares, they need to keep the pps down. When they are ready to make a run, the PRs will help, but not needed. The MMs have total control of the movement of the pps. When the pps advances too much, they need to stop it and come back down to collect shares for the next run. They want to make the chart looks miserable, disappointed, and even scary -- this will make investors fearful and sell their shares for cheap. In the meantime, they careful arrange the chart to create the scary effect. After 2 weeks or so, when they get enough shares, they will turn the chars arround, and make it looks like the bottom has reached and the next run is coming. At this point, all traders will rush in for next run. The chart will look upbeat and every body is happy. In fact, the MMs will make the chart looks so good that every body will think this run is so strong that sky is the limit -- no body think the run will end at all. So the MMs get to sell their inventory at higher pps. When the MMs' inventory is all sold, they will halt the run, and another downturn will begin. It complete a stock cycle of wings.. So, folks, MMs are in charge of the pps. The PRs can help, but not necessary. Study the charts of VITS, IDWD, and IMNR -- these stocks ran without any PR at all. Understand the swings of all stocks will make your tradings more profitable and enjoyable. Your addiction to PRs is not helpful at all. Try to get used to and take advantage of the swings of the pps. Good luck.
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posted
Dont put a lot of dough in something you are not comfortable with. Read plenty (careful of rumors, I've gotten burned by them), research on your own and only put cash in something you believe in. RSHN I'd say is pretty damn safe, I was wary of it back when it was sitting at .0004, and look at where it is now just a few weeks later.
JoeMillion and others believed in something that others saw as valueless. If I would have taken enough time to look at its market cap at the time, and possible deals on the table, it would have looked pretty golden. Sometimes you never know though, IGAI is hugely undervalued right now but the market prices are set by what people are willing to pay for them (minus manipulation by market makers).
-------------------- Well done is better than well said. Ben Franklin
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quote:Originally posted by zowwie438: HOWEVER... if you forget about it and the bottom drops out... Your sell at .01 will still be there when you get back from fishing and the stock could be back at what you got it for or much lower.
Zow
Actually, in Choicetrade they have "Stop/Loss" Orders. I haven't played with those yet.
But it seems like in a Stop/Loss order, you can set both a high limit and a low limit. So, you could set RSHN to automatically sell at either .0069 or .0080, whichever it hits first.
That way, you can go fishing for a couple months and you'll know the exact range in which you money will be when you return.
-------------------- Hindsight is 20:1. It's like printing money.
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quote:Originally posted by JimSC: When the MMs' inventory is all sold, they will halt the run, and another downturn will begin.
And then from that point on, like RSHN it may continue to run or it will be done with. Usually wherever everyone expects a stock to hit in price, cut that number down a bit because likely it will NEVER hit that in the short term. It may however, once in awhile, eclipse that mark (USXP).
When something dips hard though its hard not to sell, so sometimes those with smaller investments who REFUSE to sell until a given point win. In the pennies though things move so fast that its damn near impossible to be someone like a Darvas who hunts slower, yet consistent winners.
I suppose ironically Canwest might be one of those, smaller dips but steady upticks over months and months. Yet, they dont sell a damn thing yet.
-------------------- Well done is better than well said. Ben Franklin
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quote:Originally posted by buzzygresham: how do you buy a stock that has no bid or ask?
It always has a bid/ask unless nobody possesses the stock or its FROZEN in the market. I dont get to see bid/ask on my ChoiceTrade for pinksheets, so I have to watch the orders themselves going through to make my guesses.
I get to see orders in realtime, but no L2s until I hit OTCBB (I pay $10 extra for realtime L2s for OTCBB and better).
-------------------- Well done is better than well said. Ben Franklin
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