posted
i've learned that a great way to play these penny stocks is to get free shares and just play those. but does anyone have a rule of thumb they go by in order to acquire the free shares?
do you wait for it to double and then sell half? maybe sell more than half if it doesn't quite reach there?
i realize that every stock is different, but i'm curious what you guys think is a good way to play this...
i've been a victim of not putting in a sell order immediately and missing a good exit point.
thanks very much.
Posts: 353 | From: Bay Area, CA | Registered: Feb 2004
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quote:Originally posted by darogo: i've learned that a great way to play these penny stocks is to get free shares and just play those. but does anyone have a rule of thumb they go by in order to acquire the free shares?
do you wait for it to double and then sell half? maybe sell more than half if it doesn't quite reach there?
i realize that every stock is different, but i'm curious what you guys think is a good way to play this...
i've been a victim of not putting in a sell order immediately and missing a good exit point.
thanks very much.
I FIND THAT TRYING TO BUY IN AT THE TIME OF THE RUN IS ALMOST IMPOSSIBLE AT TIMES. ALMOST (NOT ALWAYS) THIS IS HAZARDOUS AND COSTLY. I BUY ON THE PROFIT TAKERS LOW AND PLAY THE BOUNCE. I CAN NOT SAY NEVER--BUT ALMOST NEVER FAILS.
THE SECOND PART IS TO FIGURE OUT IF YOU EVEN WANT FREE SHARES!! GOOD DD WILL GIVE YOU THE ANSWER TO THAT.
I SOMETIME'S SELL WHATEVER IS NEEDED TO TAKE MY CASH OUT OF THE EQUATION. TAKES THE STRESS OF THE TABLE ALSO. THIS VARIES ON DD, TREND, VOLUME AND PUBLIC SENTIMENT. UNFORTUNATED THERE IS NO SOLID ANSWER. EVERYONE HAS TO FIND THIER OWN BEAT AND DANCE TO THE RYHTHEM OF THE PROVERBIAL FINANCIAL BAND.
------------------ DIANA
[This message has been edited by realityinc21 (edited February 25, 2004).]
I understand the "master" of free shares does something like % of profit & free shares for tax purposes.
I think 2/3 or 3/4 at double price is nice. I seem to be leaning in that direction on paper.
This way you make some money and hold a free share position. I have done this before and feel less pressure from the shares I leave in. Up or Down. Fewer regrets.
PAUL
------------------ But godliness with contentment is great gain. For we brought nothing into this world, and it is certain we can carry nothing out.
yes, i suppose a lot of it depends on the company. like with qbid, the potential is sooo high, that i don't want to sell any of my shares but with lbtt, i'd be happy with making my money back and having some free shares.
appreciate your thoughts....
Posts: 353 | From: Bay Area, CA | Registered: Feb 2004
| IP: Logged |
quote:Originally posted by darogo: thanks for your input guys.
yes, i suppose a lot of it depends on the company. like with qbid, the potential is sooo high, that i don't want to sell any of my shares but with lbtt, i'd be happy with making my money back and having some free shares.
appreciate your thoughts....
QBID IS NO EXCEPTION. ALWAYS TAKE YOUR MONEY OFF THE TABLE AS SOON AS FINANCIALLY POSIBLE...THERE ARE NO EXCEPTIONS TO THAT RULE...JMHO
posted
when someone i really trust throws one out--LIKE DAVE THE MODERATOR did with IBZT--i jump in and ride it without DD---but i dump most or all of it on the turnover---(profit taking) then i start doing DD if i havent already---a lot of my freeshares look close to free RIGHT NOW--if i had sold them i would look and feel pretty smart right now--that will change soon tho
consider holding a stock by how much DD you have really done--little/no DD =short hold/DAYTRADE--thats dog's way
more DD makes you either a seller or a long holder IMO--thats PG's way
combining the two approaches give you security and growth----the ultimate-- in my opinion
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