posted
If you look at the main page here, called OTC BB Stocks, which provides a link to bring you to this chat forum, there is a list of REd Flad signs to lookout for when investing in micros/OB and especially PK's. I do not have the list handy so the ones I make here you'll find there as well. Here is my list of Red Flags for potential scams 1) Are they located in Las Vegas or Florida? 2) Do they move home office alot? 3) Change company names often? 4) You say NO WEB PAGE? 5) No names mentioned as corporate officers? 6) Tele #, a "secetary" answers, but does not know when "anyone will be back in the office, will have 'them" return your call 7)No specific address, only a office suite 8) Lets say you do get someone of "importance", is he abit nervous, uneasy, talks in circles, nothing specific? 9) The company projects hugh unrealistic income figues from "potential future" projects? 10) look as hard as you can, but you cannot loacte the amount of shars out. 11) Read all news articles 5 X's, read between the lines, does it sound for real to you?
I'd like to see others here add to my list so we can help out newbies that will soon be visiting this site. I'm sure everyone has their stories to tell. So far I've not lost any money in any scam. Ny father has though, plenty of 'em. He never learns.
Paul
-------------------- Do not invest on any of my suggestions Posts: 1215 | From: baton rouge | Registered: Apr 2006
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posted
Paul you seem wise, what other penny stocks do you like? & please say the reason why you like them.
Posts: 583 | From: Northridge, CA | Registered: Apr 2006
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posted
no offense... but there is no such thing as "investing" in OTC stocks and much less in Pink Sheets... i think you mean "trading" not "investing"... major difference in both terms...
-------------------- Let the world change you... And you can change the world.
Ernesto "Che" Guevara de la Serna Posts: 4669 | Registered: Mar 2004
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quote:Originally posted by hbbus700: Paul you seem wise, what other penny stocks do you like? & please say the reason why you like them.
Hey hbbus well I have now 3 yrs in stocks. I'm still learning something new EVERY DAY. My father has not learned one thing new in 30 yrs. His account's success is all from my hard work. I see now how many opportunities I've missed. But I know there are other opportunities in the future. These penny/under penny stocks are something new for me. I'm just learning the ropes. I have recently come across a few trading tools that can help me identify potential investments in micros. Its not often that a good micro comes along. I am a recent member and missed out on the the ethanol tech stocks, Greenshift and its 2 subsidaries, Veridium, and Inseq, symbols GSHF, VRDM, INSQ. Nice bull runs, where its going, who knows, keep a close eye. Right now I put everything into RSHN. I did no research before my investment. I just read a few pages on the topic and felt confident that the members had done their DD and so I just followed along. I am a bit"late" as I bought 1.3M shares for $8K. one guy told me a few weeks ago he got RSHN, $8K/8 million shares. So you the gains in these micros can be in the thousands %'s. As to picks, I'm hoping to have 1 or 2 this week , after my discovery of a tool that can help me identify "potential" winners. Most of the members here already know of these tools. On friday I found sites that gave the most active volumes for PK's and OB's. Each list offers somewhat like 75 stocks. I go through the entire list by clicking on a symbol on yahoo. This is the beginning of the DD. News? Website? Statistics? Address? ...anyway, as soon as I come up with something I'll post it here. You know the other day I read a post here that mentioned he would let us know of his find after he loads up first. You see once a good pick is posted here, it tends to drive the price up abit. btw I love to see pumpers post here and then I come in and "slam the scam". There was one from california the other day, a modeling agency, 100% pure scam. As is common knowledge around here, for every one great micro, there are 999 scams. So the odds are against you. But with well dome DD, you;'ll know how to avoid the scams. I suspect the number of scams to grow more every yr. So in 5 yrs the ratio will be 1 bonifide company to 2K scams. I'm looking at NORD oil, NDOL, but I have a few issues/Red Flags with this company. So I'd be very cautios there. Also I found a comapny called Clickable Eneterprises, its a heating fuel distributor for homes and businesses, you can order on line. CKEI.ob. It might be worth looking into this week and may be a good investment BEFORE any good breaking news hits. Most of the tech lingo around here I do not understand, nut hope to pick up as I go along. I see the post above mentions its best to sell on high points on these micros for quick profit. He may be right in some cases. But at the moment I'm not into flipping with RSHN. I'm long and stubborn. But in some stocks, mining and energy particularily, I can clearly see the wisdom in flipping.
Hope to add a few picks to the board in the comming weeks. I tend to believe if you learn at least one thing new everyday, you'll have success in the long term. Know how to look for red flags, the warning signs that tell you to Run Away.
Paul Baton Rouge
-------------------- Do not invest on any of my suggestions Posts: 1215 | From: baton rouge | Registered: Apr 2006
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quote:Originally posted by Machiavelli: no offense... but there is no such thing as "investing" in OTC stocks and much less in Pink Sheets... i think you mean "trading" not "investing"... major difference in both terms...
I realize most here are traders, lots of flipping. But if I find a good company I tend to hold and make my trade an investment. Its too hard to predict the future, so holding can be good in certain stocks. Makes life simple and easy if you hold on certain stocks. On some, its good to take the quick profit and get out. The "pump and dumpers" vs the solid longs.
-------------------- Do not invest on any of my suggestions Posts: 1215 | From: baton rouge | Registered: Apr 2006
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posted
3 years in stocks & you jump ship after a little downturn? Do you not think that RSHN is a good company to make as an investment? Also, why do you think WMNI is a scam?
Posts: 583 | From: Northridge, CA | Registered: Apr 2006
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quote:Originally posted by hbbus700: 3 years in stocks & you jump ship after a little downturn? Do you not think that RSHN is a good company to make as an investment? Also, why do you think WMNI is a scam?
Agree it was too soon to dump VRDM after one day hold. But as I clicked to buy at 29 yesterday, I knew I made a mistake, that it was going to have a correction. And it did. I got out at 25, and i think it closed abit lower than that, although it did see green at one point today. This stock will only rise on news now, the bull is under a tree resting.
Yes RSHN is s agood company..as soon as it gets some distribution. Which I have yet to see.
WNMI, someone comes around and says, "I have 10M shares, you ought to buy some too". Then i look at the web, and amount of shares etc. I ain't buying. I have others atht are much more sure. I've learned alot in the past 2 weeks here, and hope to be a pro by yrs end. I've got my eye on a few under $ stocks that I'm not posting here, until I get a position. That might take some time. I'm deep in red right now, and need green this week or in jeporady of losing all my ...wife;'s that is...chips. She went from 11Ke 11K 2 weeks ago to like 7K as of today. GOOOOOO JUPITER. JPHC
Paul
-------------------- Do not invest on any of my suggestions Posts: 1215 | From: baton rouge | Registered: Apr 2006
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quote:Originally posted by ruthie: Thanks for the good information Paul... I appreciate your input.
Thanks Look for a more updates on tips to newbies. Some are old rules that are mentioned on a page that gave the link to this forum. Goes something like, after a few day bull run, be very very careful that you do not chase a stock, as it will have some sort of correction. As did VRDM. "if you miss the boat, don't try swimming to catch it". The boat may make a U turn and you can pick it up when she re-docks. Also if she continues sailing away, don't take a speed boat out to board, try to find another investment. I'm talking micros here, for when they make their climb, they may level off and remain in a state of limbo for awhile.
I tried to buy in VRDM at 23, then 24, then 25,26,27, finally got it at 29. I told myself. "nicely done dumb thing to do". and of course she dropped. True it may go higher than 30....may go lower...no one knows with these micros, strange creatures......
DD ='s many things . Look at the web site long and hard, the officers, the way the site is laid out, amount of shrs, read the news several X's. Look, read, understand, use intuition.
For instance there is a certain oil company that i have zero confidence in, several as a matter of fact. I've learned atht even though I don't like it, there may be many others who do like it and will push the price up. So I realize now if the price is at a low, go in. Go in, do not hesitate. Provided the company meets at least some of your standards. Then look for a place to dump. Do not get too greedy, but also do not be a bear.
I may not be around much in the near future, other things are calling me away from making money in stocks.
As a example of my above example. I had been following Ivanhoe Energy, IVN for 2 yrs. We bought in around 2 and held, then sold. I told my father a few months ago "hey look at the dog Ivanhoe at 80 cents...good thing we sold".....1 week later news breaks that China is interested in Ivanhoe's heavy oil cracking technoly. She goes up to $3 Even though i did not, and still do not like Ivanhoe Energy, still the smart thing to do was to say, "hay dad, look at IVN at 80 cents, STRONG BUY" But I did not. I laughed it off. Laugh was on me. I can tell you Westcorp will have this same run up. When? Best guess 1 to 3 months from now, Keep a watch for any spike. If you see a spike, STRONG BUY. When she triples, strong sell most your holdings.
One of the most important rules I know is its not important that you lose money, its how much you learn. If you learn something new every day, you'll have a very very successful future in the markets. That is , even if you do not like a comapny, but does have most of the qualifications that meet your standards as an investment, you can invest and make money on it.
Hope some of these ideas are of help. For most of the members here, these are ABC's to them.
Paul
-------------------- Do not invest on any of my suggestions Posts: 1215 | From: baton rouge | Registered: Apr 2006
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posted
OK all nooobies head on over to the VRDM chat. starting on april 11 starts the day at 12 finishes at 8 april 12 climbs back to 11 april 13 finishes at 14 april "The Big Day" goes to 29 at least thats the price I paid, though the chart does not show it. Opens on the 18 DOWN TO 20 cents = "The Big Crash" A few hours later up to 30 then followed by another dip, The Gigantic Sell off, The Profit Takers Strike. Finishes the day at 21. I say she's going down, Do not buy. Lets see how close I come...unless some PR comes out then she'll go up. I suspect you'll get stock in the comming weeks for under 20 cents. I could be wrong, but its good for noobies to follow a chart and see how it rises and falls. In my experience there is The Bull Run, ususally lasting for 3 to 4 days, then The Big Sell Off, followed by a state of limbo, where's she rises and falls and basically is dead money. Then she ususally settles back down to close to where she started.
I may be wrong, I may be right. Ethonal stocks is something totally new for me. I know energy stocks, but only iol and gas. And I know the characteristics of the rises and falls in mining stocks. So hopefully if we watch this one, we can learn something about these penny stocks.
-------------------- Do not invest on any of my suggestions Posts: 1215 | From: baton rouge | Registered: Apr 2006
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posted
So you see I bought in high, the day before I bought VRDM, she had a 104% increase. Most everyone on this board, and everyone who bought VRDM at 5 cents to 15 cents, has the policy if she doubles, I'm selling out most all my holdings. So if you see a stock double, rest assured she's going down the nest day. at least 95% of the time this will be the case. I'd watch this stock, but I would not buy in. Only if she dips low , like to 12-15 cents. That may even be too high. Why? Because there are some who are holding onto shars bought at 5 cents, and in their minds its "if she goes back to 25, I;'m selling off everything. Bang, she goes back down to 15 cents, the very same price you opaid 2 weeks ago. So be careful on this one,
IOW Its a SELLERS MARKET...for possibly the next few weeks. I now have the following trade options. 1) Do not invest after a hugh run up that you just missed out on., watch and wait 2) Invest on the first spike in volume, you need to watch by the minute. 3) The Load pattern says to keep buying if everyone else is. 4) Hold pattern says to wait with patience. 5) Unload pattern says that when you have a very healthy profit, don't get greedy, look to begin unloading. 5) You can then begin to rebuy some back on a dip
2)
[ April 19, 2006, 10:12: Message edited by: paulbest ]
-------------------- Do not invest on any of my suggestions Posts: 1215 | From: baton rouge | Registered: Apr 2006
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posted
See I put most of my money into JPHC which is not ready to make a move, and should have put it into NDOL which is moving and will continue to move. noobies learn how to read charts, If you know this you'll be successful
Look at each days open and get the feel. Look at NDOL. that my friend is amoving stock. Now look at JPHC, that is adead stock. So my advice is to keep your money at hand. Do not, do not invest UNTIL you see the opening, if its moving up, then that is the sugnal for STRONG BUY. NDOL IS A STRONG BUY. JPHC IS A WAIT AND SEE
CBAY IS A SOFT BUY AND LOOK TO BE A STRONG BUY VERY SOON.
-------------------- Do not invest on any of my suggestions Posts: 1215 | From: baton rouge | Registered: Apr 2006
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posted
Look keep in mind the pros around here ain't giving out any secrets. Why should they. They figured it was a long hard fought road for them =money lost and no one showed them the ropes, so why should they share any trade secrets. It means less profits for them, as the more folks know, the less they make. Now after 4 yrs in the market as a hobby, I'm finally getting the hang of it. I can read a chart/news/and buy/hold/sell patterns.
I'll up date as new understandings come along. You can also post your questions on certain stocks here and get my advise, as to wait N see/soft buy/load up/hold/sell/strong sell.
-------------------- Do not invest on any of my suggestions Posts: 1215 | From: baton rouge | Registered: Apr 2006
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quote:Originally posted by hbbus700: 3 years in stocks & you jump ship after a little downturn? Do you not think that RSHN is a good company to make as an investment? Also, why do you think WMNI is a scam?
Alittle downturn. From a penny to .0005 Thats a major dump pattern. It'll take a major PR to get RSHN to move up again. I call this baby a soft buy
-------------------- Do not invest on any of my suggestions Posts: 1215 | From: baton rouge | Registered: Apr 2006
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posted
Watch daily Watch hourly watch by the minute Soft Buy Buy Strong Buy Hold with Patience Hold with Trepidation Soft Sell=30% Sell=50% Strong Sell=UNLOAD 100%
-------------------- Do not invest on any of my suggestions Posts: 1215 | From: baton rouge | Registered: Apr 2006
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quote:Look keep in mind the pros around here ain't giving out any secrets. Why should they. They figured it was a long hard fought road for them =money lost and no one showed them the ropes, so why should they share any trade secrets. It means less profits for them, as the more folks know, the less they make.
whoa, man--you find that soapbox, or bring it with ya from another board? lol, there's lottsa good traders here, who help newbs all the time... The more good traders, the better.
posted
Hey Buytex I ain't buying what you say. I do not see anyone giving out any of their secrets. I'm giving all I have.
Now here's yet another note of interest. Remember, in most any maket segment, energy, mining, pharms, and especially these penny (under 50 cents) and micros, there are usually only a few RED HOT stock buys for any given week. Last few weeks it was GSHF (VRDM/INSQ) and NDOL. Now these were the 3 or 4 best of the micros for the past 2 weeks. You could have ignored everything else. Now ;last wek and this is was/is NDOL. looks like CBAY will end this week great and into next. You need a game plan. As you see something going up, you now need to begin a plan where you will put some of the gains you make in this weeks RED HOT stock. You might want hold some $'s monday morning and look at your top 10 micro picks/volume. If you beging to see strong movement, do not hesitate, begin buying. You now may have found a gainer for that week. Towards wensday through friday you need to look for a plce to begin dumping. Yep dump. As yu will now take those gains and place them in another Top Best Pick on monday of the following. Thus after 1 yr, you had started with say $5, and now after 1 yr you have $500,000++ It can be done. Of course the ol' pros ain't gonna tell you none of these top guarded secrets.. anyone who wants to begin a partnership with me, email me
paul
-------------------- Do not invest on any of my suggestions Posts: 1215 | From: baton rouge | Registered: Apr 2006
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OK so you have the possibilites of going into 3 of the best picks going here. RSHN, JPHC, NDOL Which one should you go into? Well NDOL will be your very least amount of risk, has a very high % chance of going up during these next 2 weeks. Now how about the micros JPHC. Waiting on news. That might be a few weeks yet, it might be next week, no one knows. Strong PR will mean you'll have to do some chasing. Thats OK, but do not buy in too early as it will be dead money/some loss. RSHN, as with JPHC, both offer much greater % gains vs NDOL but when will RSHN make a move? If you go in now, you may have dead money/slight loss, as we all await strong PR of distribution.
I took some hits in my first 2 weeks here, comming in after all the dust has settled and could see a thing, so bought in blindly. Now I see NDOL as a sure 100% gain in these nest 2 weeks. So I started with my wife's $10 and now have about $7K, loss of 3K+ in 2 weeks. Now Im playing safe with a small % gain, but one with much less risk than RSHN, JPHC. Sometimes the best play is the safest play.
Paul
-------------------- Do not invest on any of my suggestions Posts: 1215 | From: baton rouge | Registered: Apr 2006
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Just keep in mind we *do* gets lottsa newbs and also lurkers; so don't being starting rumors that newb's questions get ignored--if you'll notice, this entire forum is dedicated to newb-like questions... Typically, more questions get answered after trading-hours, for obvious reasons.
quote:Of course the ol' pros ain't gonna tell you none of these top guarded secrets.. anyone who wants to begin a partnership with me, email me
lol, now we get to it...
surprised it took ya this long to start trolling...
Seems I got myself into trouble around here with that post looking for partners in investing. If snyone sends me an email, I cannot respind, my PM function has been FIXED, which I take to mean locked.
Hopefully the moderators will see that I made a mistake in my poor judgement and will aloow me to send PM"s in the near future. I hope to make my posts motre careful.
Paul
-------------------- Do not invest on any of my suggestions Posts: 1215 | From: baton rouge | Registered: Apr 2006
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posted
Paul, out of curiousity, has the wife brought you in from the dog house to at least the couch? After RSHN what did you jump into?
Posts: 583 | From: Northridge, CA | Registered: Apr 2006
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quote:Originally posted by hbbus700: Paul, out of curiousity, has the wife brought you in from the dog house to at least the couch? After RSHN what did you jump into?
I'm in NDOL hopefully this russian oil co is for real. We;'ll all see in 7 days. Thats my best pick at the moment, besides my can-not-nmae stock pick. Will do so ASAP. =when I get a small position
Paul Wife is hanging..if NDOL comes through, I'm saved
-------------------- Do not invest on any of my suggestions Posts: 1215 | From: baton rouge | Registered: Apr 2006
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I am guessing early teens by the way you are posting. Or, is english a second language for you? Something about you doesn't pass my sniff test. You don't sound as experienced as you say you are.
Posts: 89 | Registered: Mar 2006
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Oh I'm pretty good at finding them, but my father 's approach is to buy and hold for years, with no day trading involved. Its his account and works under his old outdated principles. Here's an exapmle of 2 of my many good finds over the past 2 yrs. I found Canwest at 22 cents 18 months ago, now its $7. Found Silvercorp at 86 cents 18 months ago, now its 15 I can find the winners, I just need to know when to swing the bat. I didn't have funds at that time, and now with my recent knowledge of day trading, buy low, if goes to double, sell some, even if its only a few weeks time. Why hold for 1 yr and watch the stock go down to what you orginally paid. I'm learning the ropes, so yes I have a few yrs to go. If you learn at least one thing new everyday, you will be successful.
Apologies that my writing skills are not as polished as you would like. I'll have to fire my editor. I'm just throwing out ideas above, noobies can take it or leave it, it costs nothing. Which is not any worse than some of the gang here pumping their fav stock, where the noobie, like myself can lose a few $'s.
Paul
[ April 21, 2006, 09:47: Message edited by: paulbest ]
-------------------- Do not invest on any of my suggestions Posts: 1215 | From: baton rouge | Registered: Apr 2006
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