posted
I sorry but Qbid has done great and made us all some money but to think that it is going to go up higher anytime soon is a little unrealistic don't you think. This is a new member and I think godd advice should be given. Telling them to buy last week was good advice now its up 1000% might not be the best time to buy. Don't see major movement again until it goes live and with its past we can't be sure of that.
I think GZFX or WNMI should be moving soon, they are at there low cycle and should be moving forward in the next week.
Ric Be smart and never buy on a upward run or you might be burnt. I have learned the hard wayon that one.
[This message has been edited by Rics1997 (edited April 14, 2004).]
posted
IMO you have missed the run for mobl. I would keep a close eye on it and let it retrace a bit and then possibly buy in if the charts look good. But GZFX is a sure bet. I think that it has hit its support level and should start to run in the next couple of days. Do your own DD, and good luck.
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QBID is doing well may have much more to go before the launch, but most likely very volatile(many pull backs) I Usually sell very quick after being involved in a runup, but this time I plan to hold on until launch date.
CMKM - I know many are very a bit disappointed at lately(I am as well), but I believe it deserves a look. If you consider it, maybe try to get in at .0001 and sell half at .0002 recovering your initial investment. (Note: At this point tough to sell at .0002)Never know, many think this one could be next. People talked bad about QBID when it was .0001
If you can get into IBZT near .035 on an early morning pullback, you may see .05 or a little better tomorrow. Then GET OUT, unless you want to hold long term, as I think once the buying frenzy is over because of today's news, it will drop back into low .04's and then .03's again. If you hold it - and the VKB's ship in 2 weeks - you would be a happy camper to see your $500 multiply faster than rabbits in heat!
All, jmho. I don't think you will LOSE at all with IBZT in the .035 range. Sometimes that is more important than what you MIGHT make. Then, you may want to buy in again woth your profits IF my scenario plays out.
posted
Dont think $500 is too little to invest. And no one should think its funny. It thats what you feel comfortable trading, then thats what you trade, only your returns will be less. Either way, risk $500, get a 100% return and suddenly you have $1000. I agree with many others, QBID just hit major new highs and is on a very high uptrend. GZFX, and WNMI are both in lows, but make sure you read and do some Due Diligence before you invest. GLTA B
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Never use more than you are willing to lose. I have only been playing for about a month or two now but have been kicked with ADVK as my loser so far. I only put in $250 to start and down to $80 now. Oh well live and learn. Bought on an uptrend then fell. But I also bought QBID at .003 and put $250 in that also and it is sitting at $1,300 in my acct right now but I haven't sold yet so. I think that is a pretty good increase. I think in time I will spend more money in the market but need to learn more before I keep putting more money in. Everyone on this board has been very helpful and taught me alot. I read posts and did research for about 3 weeks before I even purchased my first stock. don't rush into anything. Just remember. Don't chase things or you will usually LOSE. Good Luck. Wayne
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Best bet with small cap stocks is to find stocks that have a very strong interest that seem to be bouncing off of low points. They usually don't stick around those low points for long.
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I would be very cautious with OCRI. All their estimates are based on 100% salvage rates. Ask yourself - are they really going to be able to make a ton of cash dredging up old scrap metal from the ocean, and is 100% recovery rate reasonable? I certainly could be wrong and OCRI could go to the moon. However, I wouldn't touch it personally, jmho. Good luck with whatever you choose!
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Finally someone who has the same problem I do. Lack of funds. I started out with $500 in October, made some good invesments $50+ profits and got up to about $800 before I lost $250 on CYKY. But you live and learn. Just remember, as we all learn, don't look at getting rich off of one great stock (QBID) especially if you are just learning. I have a good chunk of my money in QBID right now and am contemplating on selling or holding. The one thing I have learned from others (friends and people on these boards) is to be patient and "Any profit is good profit". You may sell too soon, but what if you held and it dropped below what you could of made. I lost big on CYKY because my DD didn't pan out (really didn't know what I was doing). Good luck and GO QBID. I also like IBZT and WNMI.
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I started last year with $900 and then added as I could. Bob Freys advice is good. Learning is where the money is and I dont mean buying school stock. Read Peter Lynches book ONE UP ON WALLSTREET. I found it helped immensly. Learn how to study fundimentals as well as a little on charts. Be careful what you read on boards. Most of stuff hype,pump or junk, yet some can be valuable. Discern who is worth reading and who is just pumping their stock so you can buy high and they can laugh as they think of all the suckers that bought as they dumped and stock plunges.
Be cynical but there are a lot of people on board who will try to help you. If you are going to stay longterm is stocks it helps to be optamistic, but not to the point of always looking through rose colored glasses. Penny stock can be lucrative but develop your own style and take responciblity for your picks by doing at least some DD before buying.
Unlike most other stock many Pennys' that really are not solid companies can go up for a while. Dont get greedy, if stock goes up pretty good sell at least some and take profits. If it goes up more later great but often especially in Micro-pennies (Under .05)the price will not hold up. Select carefully and at first try for stock that will move short term. Watch companies you like. It may prove to be months before you buy it or may never buy in, but that is how you feel pulse of a company. My biggest winners have come that way.
Dont be afraid to lose some but be smart enough to keep losses to a minimum. Some companies to look into are CIRT,CDED,AACS and possably PUPS.
As comedian Will Rogers is to have said, 'Buy stock thats going to go up and after it goes up sell it and buy other stock that is going to go up. If its not going to go up, don't buy it.' Good luck and God bless.
posted
Big, thanks for your candid opinion. I have learned more in one week reading the boards, other's questions, other's replys than I did in my other 6 months trading. I started off as an impulse news buyer. Would buy 1000-2000 shares @ .10 or .12 and get out when it reached 3-5 cents above that price. Maybe get 15-25 dollars after commisions. "Any profit is good profit" but it did bite me in the butt. I know what DD is and where to get it, I am in the process of gathering all the books I can and taking other tips from the boards. I just wish I didn't have to go through the learning process. LOL but you gotta start somewhere. Thanks again and I hope that one day, I can be helping others out. "What goes around comes around"!!!
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Now I did not do this when only had a thousand or two but wish I had. With $500 you should only have maybe 2 stocks. Normally my goal as I accumalted more money is not to buy less than $500 worth so move could be smaller and still make money. Now usually 700 to 1500 when make buy. Its not number of trades or even price but percent of profit that makes for success.
Early on I could not trade shares that were under a penny or even at percentages under a penny (like buying for .047) because broker would not do percentages. Sometimes on low cost stocks a few tenths of a cent is difference between decent profit and barely one. Also would not allow me to buy more than 15,000 shares at a time. I changed to another broker charged less at 9.95 all trades and better for Pennies. (Trading Direct is who I am using. Ameritrade and others probably just as good or better.)
For most part be careful of stock under .02 but if watch you can buy some that have pattern of selling at .012 then going up to .018 or something and a half cent move can give nice profit at that price. A friend of mine does that several times a week buying $400 to $800 at a time usually making $75 to $150 or more each time. But you must be careful of daytrading or account can be frozen. You can only do 3 daytrades in 5 day period. A daytrade is a buy and sell in same day, or a sell,buy and sell of same stock same day. Just a sell, buy is not considered a daytrade. My friend almost never does it same day. He watches for pattern stocks that move every few days.
I do better finding underpriced stock, doing my homework, and trying to buy before it moves up, or on a move down. CIRT is a good example I have owned it several times from a few thousand shares to as many as 75k. Got in at .023 originally. Have tried to buy on dips sell on highs while keeping some for long term. Made several hundred to probably a thousand on four or five occasions. Really like this stock longterm though. About 2 weeks ago sold of it for loss to put into a stock I liked better figuring I would get some later. It is up about 30% since then. Fortunately the stock I bought is up about 60% so guess I made right decision. Still plan on buying back into CIRT when free up some money though. Figure it will dip back to .07 from its current .085 ( Sorry this was never .85 just missed typing the zero. At least it wasnt on a bid with my broker!). Hope it does anyway.
ERHC I have been watching and owned since last May. Did not really move a lot until last few days. As i have been typing this it has moved from .90 to .785. That is enough a lot of times I might panic since at this moment 100% of my money is in it (By the way I never would advise that even if think stock is sure winner. Well almost never). Next few days expected to announce LONG AWAITED news, and I believe it will go well over a dollar so will hold pretty much whatever goes to today, even though down about $7000 at this point today. Since my average buy in price is .35 it has to go very long way before worry about losing money.
Anyway hope you do well and if you do your DD and get a feel for particular stocks you should.
[This message has been edited by BigT1 (edited April 19, 2004).]
posted
U4TSAF are you doing your math right? .. if he had used all his $500 to buy Qbid 7 weeks ago at a price of .0015 he would of bought around 500,000 shares.. 7 weeks later (april 14th when you posted your reply) those shares would be worth $13,500 at around .027 per share... far from $135,000 but still a nice profit.. anyways just wanted to correct your math.. if im wrong let me know.. anyways as for Qbid being a "great" stock.. the only reason it is a "great" stock is not because of the company's financials or anything. its because everyone is "pumping" and "dumping" it via this bulletin board and other bulletin boards on other sites in the last couple of weeks or so.. 2 days ago I believe it went at a high of .02 from opening of .003 and closed at .005 .. its going that high in the last 2 or 3 days cause everyone is pumping it and the smart ones who know how to read a chart and seen its previous all time high in like feb or march was .02 are dumping it everyday this week when it reaches the .02 price or jsut before it reaches that price & before it tanks for the day and rebuying it next morning at the opening price way below .02 and doing it all over again day in and day out since like Wednesday while the ones who dont know what they are doing are still holding there shares with no trailing stop losses etc and not making any profits because they dont understand such things like the more experienced ones... anyways just wanted to say becareful with that stock because its being "pumped" all over the net and the smart ones are "dumping" it at the right time daily so far.. if i'm wrong let me know because thats what im seeing by people's posts on this site and others as well as by "reading" the charts on Qbid...
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As I have said in other boards, Thanks and YOU GUYS ROCK!!!. I was a hair away from selling my QBID @ .025 (in at 0.0056). But, because I didn't know what I was doing and hoping for it to go up and up and being afraid of missing the ride, I didn't. I did the math, I bought again (much less shares) @ 0.016 today because I couldn't get my buy in lower. Anyways, if I would of sold some of my QBID when I wanted to, I could of doubled my shares. Thanks again. I am really enjoying this and learning something everyday. My next goal is to read, read, read. I have been writing down many sites (saving them as favorites) and books that I have to go get. Now I just need for QBID to go up so I can sell some and buy those books. LOL. Thanks again.
BTW - I have read and like the advice that I get from some people on these boards. Is there a way to do a search on their name so I can see what they have to say instead of searching through all of those boards?
posted
Jimbo yes there is just click on search (small letters) at the top of the page under post reply to the right. You can search many different ways. Topic, date, forum, stock name or who wrote it I think. See, I can't remember it all that why I use it all the time. lol
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Thanks, that did it. Most helpful. I think my brain is fried. I have been spending 4-5 hours a day for a week consistently reading post and learning. ALLSTOCKS ROCKS.
Jimbo
quote:Originally posted by timberman: Jimbo yes there is just click on search (small letters) at the top of the page under post reply to the right. You can search many different ways. Topic, date, forum, stock name or who wrote it I think. See, I can't remember it all that why I use it all the time. lol
quote:Originally posted by keronpa: Hi, don't laught at me. but this is my budget right now to buy some stocks.
what picks do you recommend? Tell yours! Well, I am thinking about ocri.ob (.20) or mobl.ob (0.21)
due to my limited knowledge, i cannot buy pink sheet things.
Thanks
[This message has been edited by keronpa (edited April 14, 2004).]
For a quick profit I would try USCI. It likes to run between .0006 and .0016, closed at .0008 Friday, try to get in at .0007 and out at .0010 or .0011 for about 50%. IMHO its due to run next week but put in your sell at limit when you buy as it goes up and down QUICKLY. last run went from .0009 to .0013 and back to .0010 in about an hour, my sell was in at .0012 and I made some good profit and still got 500,000 free shares. Good luck trading.
posted
Thank you for all responses to my topic. To me, just $500 (since I done 2 trades, it's $570 now ) is big money and I want to make it big little by little so that why i am here to learn!
Sorry for my respnse late cuz i did not know this topic was moved here.
Yes, I am ready to buy some stocks this week. (last week my funds was unsettled, so I could not buy stocks that you all told here tell me how you do research good stocks except paid sources
posted
There are tons of places for research but here are four of mine.
1.CBSmarketwatch.com for news,watchlists and general profile. When I first find out about a stock this is where I come.
2.Reuters.com has some of best free fundimental imfo you can find. (One thing on Reuters is sometimes imfo is not all up to date so make sure you read recent news. That can be true for any of these and even some of paysites.) This is where I go for indepth fundimental study. EXCELLENT SITE! And it has a tutorial there to help you understand what you are looking at.
3. moneycentral.msn.com is best place to run a search I have found. Advanced search feature allows for over hundred criteria to search for stocks with.
4. smallcapcenter is a great place for doing general technical research even for a beginner - which I consider myself as far as chart reading. It is also one of best places to find information on OTCBB,pinksheet and canadian stock.
Like I said there are scores of places and much depends on what type or style of trader you want to become. Yahoo is also excellent and have begun using them more.
One place to look for information is pennystockinsider.com which has a free online book by Peter Leeds and excellent articles (The Pig gets None - is one of my favorites). He tries to get you to buy his pay penny stock picks which I have found interesting but not always what I need as most of the time lately they have been in the $2 to $5 range and I trade mainly in under dollar unless it moves higher after I buy. Book is bit outdated but excellent as is One up on Wallstreet and Beating The Steet by Peter Lynch (not Leeds).
posted
BigT1, Machiavelli, thank you for telling the way to research. I just sold my gfyf. I've got 45% of profit
Since I am full time student, I realize that it kind difficult to trade micro-stocks I mean day trade? I mean short? Because, while i was taking shower this morning (I'm in CA), gfyf was big doopping BTW, it was very exciting! and this board also good source I think!
posted
Dont be dissapointed with your sell price. That was a good profit. I sold at .0016 a couple of weeks ago to put in ERHC and took good sized loss. Fortunately only had about $700 in it at that point so really only lost around $400. I posted a couple of days ago and told people if it went up to get out early cause it wouldnt stay there. In a couple of weeks you'll be able to get back in at .0025 or below but I wouldnt advise it. Put money in something less chance of losing it like ERHC,CIRT (under .075 buyin, hopefully under .07) or downtrodden that should go back up before to long like NCVM .019 which should give you 50 to 100% gain if hold a few days or weeks. Remember do your own DD for any company you buy. And no matter how good a picker is sometimes the market doesnt re-act like expected, otherwise everyone would be making money.
By the by if you are in $800 range or above now would be a good chance to diversify and buy 2 companys instead of one. Good to lesson your risk when you can. Of course to much diversifying often turns into deworsifying (Peter Lynch term) so go with your strongest picks rather than just trying to diversify.
What part of CA are you from? I'm in Victorville up in the High Desert area.
[This message has been edited by BigT1 (edited April 20, 2004).]
posted
Keronpa arent you glad you got out of GFYF when you did. .0028 on its way back to .0015. Hope you are doing your DD and finding some good stocks. Good luck and God bless
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Keronpa hope you didnt buy NCVM without doing your DD. Since I had looked at them a couple of weeks ago the have diluted their stock issuing another 125 million shares and giving them out as restricted, then removing the restiction and it is flooding the market.
This is why you must do DD before you buy because circumstances can change rapidly. I saw it was down to .013 and figured it would be great entry point until I checked why they were going down and saw the dilution. Glad I checked before I bought! Longterm they may still be OK but would stay away shorterm.
posted
BigT1, thank you for advice. I've beeb busy with schooling things and since I got profit of gfyg, I haven't done any trading BTW, it is too hot! in my area (northen cal Bay Area)
Well, I think next time i will buy 2 different stocks If there are something good ones. I am interesting in these stocks RSCA, IVOC, VICIE. Do you have any idea of them?
posted
Had IVOC until split then sold them. M ade little off first 250k lost on second 250k but made back some selling my TREY spinoff. Try to get in under .002 if willing to hold for awhile, and may double your money. Should at least move over .003 in probably next couple of months and if you can increase by 25% per month you will beat most investors and all but a few daytraders. Again it is a company I would watch and if you can make 50 or 100% at least sell half if not all. If you wait until run time frame shorter but so is profit. Other two I will take a quick look at and get back later with you.
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VICIE I have looked at before after some recommendation. After looking at their numbers I know why I did not remember them. I believe they are overpriced for this stage of their development. They are being hyped by some 'news' services, but have almost no sales and ever increasing losses. Maybe in 2 years if they get some sales this might be a viable company. May get a pop when patent and if sales go through to agriculture department it may go up.
One thing you have to understand in pennys is sometimes lousy companys still go up and this may be one of those cases. That said over time you will do better with better companies, but you normally wont find them in .02 or less catagory. Occasionally you may find a CIRT or CDED in that area that is just ready to take off. Unfortunately for every one that does, 5 dont. Try to find better companies with fundimental reasons why they should go up. But after DD if you find one your convinced will go up even though fundimentals dont support it, a small investment might be in order than pay attention and see if story improves and if so maybe add to your investment.
posted
RSCA what can you say they have decent volume but other than that unless you find something I didnt this stock is ugly. Down from low $40's to .05 in 2 years and they dont look worth that. How in the world is this stock staying afloat. The best thing you can say for this stock is its at year (and all time) low. I just cant find any reason it wouldnt continue into the sub pennys or into bankruptsy.
Do lots of research before you think about this one. Maybe there was something I missed in short amount of DD. HOW DID YOU PICK THESE THREE Keronpa? I dont see anything great about any of the three. Compare any of the three to CIRT, CDED, CLSI or others and they fall short. I would rather gamble on IBZT or ATNG or maybe a hundred others before throwing my money at these. SAFS even has a chance of coming back but RSCA I dont think so.
Maybe the charts show something totally different then the fundimentals let me do quick check. IVOC 24 bearish, almost everything bearish. VICIE actually a 67 neutral optimistic. Overbought but things technically dont look too bad. RSCA 23 bearish only good thing on the chart is its oversold.
Well there you have it maybe VICIE may be decent so now you can start some heavy duty DD on it. If looking for 2 stocks dont look at those other 2, just keep looking. Still curious how you chose these three. Whatever, you may ahve found one keeper in VICIE. Maybe.
posted
RSCA is oversold. They have revenue coming in and growth plans. I dont think it is doing so well right now but I couldnt see it as a sub penny again. Anyone have proof in numbers or factual news that would indicate it could go bankrupt. I dont have a postion so Im not offended but Im looking to get in .05 if it makes it that far. Just dont think you should mkae statements for the people who still have it. I hope it dips then rises I hope that for every stock. They have property a grand open locations alot. Im nont hating on you but if you do have some infomation that the prs was a lie or something else could you post it. I know about the finace statement being screwy but that is why they are down from the outbreak.
posted
Other thing is if you can get CDED under .062 get it and flip it in low .07s easy safe money. Big hitter is wlsf playing intraday you need daytrader status to capitalize fully on this one. But anyone can buy on the 1.40 and 1.30 dip if there is another one. CCGI is another good flipper .0032 to .0045 and should break out sometime.
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) is big money and I want to make it big little by little so that why i am here to learn!
