posted
I found this in a recent thread. This member (Fatheroftwo) probably say's it best.......
I found this last week by looking at smallcapcenter.com.
I used the most active link and started working my way down the list. I went through nearly every stock under 0.01 and checked them out... all the info is there. Once I came across this one, I went and looked at the charts. I saw that the MACD was in a slow steady uptrend, The CMF was trending positive and nearly crossing over, the stochs were all getting ready to cross over. It was looking good from a chart prospective.
Then I went and read all the previous SEC filings to see O/S, dilution if any (and yes there was some with this stock...see first page). After all this, I started searching Message boards to see general opinion of this. All said, there was very little written about it, except for $Keith$ warning us to do DD.... which I did.
I then shared what I found with everyone on AllStocks and some here benefited from what I posted.
I do not mean to sound like I am bragging, because others on the board also did their DD and added to the thread. This was by no means all my effort, but a group effort by many here... and for that I want to personlly thank Lil, Doc, BB and many others!
Good Job Allstocks!
If your looking for stocks that you wont need to "babysit" then pennies probably arent gonna be your cup of tea. Way to volatile, you could loose your but in a matter of minutes here.
Your looking for a mid or large cap co. with stability.
My best advice, practice trading on paper for a while, and act like a sponge. Soak up and learn everything you hear, you'll need it later.
Grynder
-------------------- On the other hand,
you have different fingers. Posts: 896 | From: Arizona. It's a dry heat ! | Registered: Dec 2004
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posted
What you are looking to do is Swingtrade (buy,hold and sell stocks in periods of 3 to 5 days) or position trade (hold for weeks at a time) ... i recommend you read books.. 3 recommendations are below as well as sites that you can do your "DD" ... I suggest you "trade" in stocks of $1 and over since you wont be able to monitor stocks all the time and put stop/losses on all stocks in case the trade goes against you so you can get out of a position and not be emotionally involved in the stock (Fear & Greed among others) ... this will protect your profits and limit your losses...always take someone's stock recommendations with a grain of salt.. always to your DD as we say...
Books:
A Beginner's Guide to Short-Term Trading by Toni Turner www.toniturner.com