posted
Purl... I have been one of those fools..plenty of times...but I am learning...that if it isn't makin' me money right now..need to take it where it will!
(but in the "fools" defense...someimtes it's that 3 day waiting period, the settled funds thing, that keeps them where they are at!)
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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quote:Originally posted by 10of13: Purl... I have been one of those fools..plenty of times...but I am learning...that if it isn't makin' me money right now..need to take it where it will!
(but in the "fools" defense...someimtes it's that 3 day waiting period, the settled funds thing, that keeps them where they are at!)
posted
If I buy a stock, How soon after can I sell it. Do I have to wait for the settlement date?
Posts: 19 | From: NY | Registered: Mar 2006
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posted
Buy only with settled funds. It took me a long time to learn that lesson even though it really should be common sense.
The lure is...you are listening too much to the pump and looking to broadly at the charts.
"This one will pop and even if it retraces a bit I'll be able to get out with good profit in three days."
NO.
If you are falling for logic like that you have gotten addicted to the run and need to take a step back.
Trade a stock...and get out according to your pre-established rules (my rule, one week unless stock REALLY looks good and two weeks max with no exception. I look for a larger percentage return then Purly. Once my stock passes 20% I make that my minimum and wait to see how the run will continue.)
Get the money back in your account and DO NOT TOUCH that money again until three trading days have passed.
That way if you get in on top (if you do that you are chasing a stock and need to reevaluate your methods) you can get out right away again and limit your loss.
BIG
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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posted
This was put out on 27 june 06 what,would happen to a stock when something like this is done? what inpact would it have on the share holders.
First Guardian Financial Corporation to Retire 48 Million Shares Thus Reducing the Company's Authorized Shares to 152 Million First Guardian Financial Corporation (Pink Sheets: FGFC) today announced it has agreed to acquire a block of 48 million restricted shares thus reducing its authorized shares to 152 million.
The Board of Directors has approved management's acquisition of said shares; this move will be above and beyond and will not affect the previously announced buyback of up to 50 million shares on the open market for up to a maximum price of 0.06 per share for a budgeted commitment of up to $3,000,000.00 Dollars.
To your first question...chart looks ok. not great...but ok. Haven't done any DD so make sure there are no traps within the paperwork before you invest. I would wait for confirmation of an upward trend also.
As to your second question. They are retiring "Restricted" shares not "Common" shares, this will reduce their AS but it won't effect the float.
Don't get the point personally. Unless the Restricted shares were about to fullfill their pre-tradable requirements.
On the other hand, if they actually go through with the 50 mil buyback on the open market...
The Bigfoot
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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posted
I am a newbie and need advice.My current portfolio includes the following stocks,ABDE, ADNL, CBCL, EBOF, EEEI, EFTI, MTNA, PXIT, TEXC, UCPI, VRDM, XLPI, XNL, XSNX.I didn't have much money to start investing with and now have even less.My current situation is I am a veteran and I haven't worked for 3 years due to a back injury and the Docs say I will never work again.I am currently fighting the Govt. for compensation but in the meantime I thought I'd try my hand at the stock market.If someone out there has the time to help me with advice on my current holdings it would be greatly appreciated.I am prepared to give furthur details of my portfolio to assist in getting help.The bottom line is "I want to make money and need help from those of you who know how and don't mind helping the little guy"
stratcat
Posts: 1 | From: Rocky Mount Va. | Registered: Jun 2006
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posted
anyone who has questions, feel free to PM me. im always willing to give a helping hand!
Posts: 375 | From: New Jersey | Registered: Apr 2005
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