|
do we have any penny stock investors here?
|
|
Moderator
|
25. July 2006 @ 23:25 |
Link to this message
|
|
i was recently thinking of diving into the world of penny stocks just to play around a bit. i was wondering if we had any investors among us. i suppose it dont even have to be penny stocks, any investing will do. with so much crap on the forums nowadays, maybe a different type of conversation make be a welcome change.
before anyone decides to come on this thread and be a smacktard, just remember 1 thing...
I have a ban button and using it is better than sex to me!
http://www.Lonero.net - friend of the forums, great guitar player
#afterdawn (well i have no idea where it is anymore) |
|
Advertisement
|
|
|
|
|
ddp
Moderator
|
26. July 2006 @ 15:52 |
Link to this message
|
|
lost about $2-2500 in penny stocks. don't do it anymore.
|
Moderator
|
26. July 2006 @ 16:19 |
Link to this message
|
|
how long did you play ddp? was it a quick loss? anything you might have done differently (besides not invest in those particular stock lol). i'm not looking to get rich or anything, mainly just something to occupy some time and get to know the market. i figure if i throw $50 or so into something and i can ride it for a while then break even i'll be happy. i guess i'm just bored.
http://www.Lonero.net - friend of the forums, great guitar player
#afterdawn (well i have no idea where it is anymore)
|
|
ddp
Moderator
|
26. July 2006 @ 16:32 |
Link to this message
|
|
about 18months. was spread out in 5 different stocks. if a stockbroker calls you about investing in penny shares & not you to him, stay away.
|
Moderator
|
26. July 2006 @ 16:47 |
Link to this message
|
|
yeah i've done enough research to know that there are no true "free tips" or anything. damn sure wont take a spam call and think it's worth anything. the simple fact is, if a stock is going to take off, they dont need to advertise it or troll for investors. i'll probably end up paying for the $200 newsletter or something from peter leeds (or find someone else who is and sponge off of them).
http://www.Lonero.net - friend of the forums, great guitar player
#afterdawn (well i have no idea where it is anymore)
|
Moderator
1 product review
|
27. July 2006 @ 05:27 |
Link to this message
|
|
Hey darth, why not just try some free online poker...it's truly addictive.
|
Moderator
|
27. July 2006 @ 11:25 |
Link to this message
|
|
nah i've never really been one for cards, but i do like blackjack. the problem with me and cards is i tend to just keep on playing until i'm broke. the stock market has potential to make some money, and the researching the companies and scouring the news for leads and stuff kinda seems interesting to me. i dont plan on doing any large amount of money at all so even if things go belly up, it isn't going to hurt.
http://www.Lonero.net - friend of the forums, great guitar player
#afterdawn (well i have no idea where it is anymore)
|
Moderator
1 product review
|
27. July 2006 @ 11:29 |
Link to this message
|
|
I have some stock in BB&T, used to have some in utilities....stick with something stable, you will be better in the long run than trying to dabble with the penny stocks. I wish I had bought stock in NS (the company I work for) a few years back when it was $11 a pop, now it's up around $50 I think.
|
Moderator
|
27. July 2006 @ 12:42 |
Link to this message
|
|
yeah i know what you mean, i'm just not ready to play with big money yet. since i'm doing it more like a hobby, the penny's are fine with me. i doubt i buy more thna $20 of anything at a time, so even if it flops i'll be ok. in todays world it's hard to get a few days worth of entertainment for $20. who knows, if things do go well and i enjoy doing this i might get into bigger stuff later on. i'm not a patient person, so holding something for a long time just doesn't seem like something i would be good at lol.
http://www.Lonero.net - friend of the forums, great guitar player
#afterdawn (well i have no idea where it is anymore)
|
Moderator
1 product review
|
27. July 2006 @ 15:47 |
Link to this message
|
Quote:
so holding something for a long time just doesn't seem like something i would be good at lol.
It's a great college fund, that's what my parent's did for me. With what was left over after college, I took half for a down payment on our first house and what was left over I don't plan on touching until my boy is ready to go to college. I also put 9K per year in my 401K, that is where I do my playing because I can pick and choose between stocks, bonds etc., high risk, low risk and everything in between. I just hope I'm don't screw up our retirement. LOL
|
Moderator
|
27. July 2006 @ 15:53 |
Link to this message
|
|
i just have the fear of holding something then having the company tank out. i'd rather play the current market and not go long.
i was hoping to drum up more investors here and maybe start a stock picking thread, or if anything just throw ideas back and forth. 500,000 minds are better than one.
http://www.Lonero.net - friend of the forums, great guitar player
#afterdawn (well i have no idea where it is anymore)
|
Moderator
1 product review
|
27. July 2006 @ 17:45 |
Link to this message
|
Quote:
start a stock picking thread
Now there's an idea...count me in.
|
Moderator
|
27. July 2006 @ 18:23 |
Link to this message
|
|
ok...go! :)
i got a list at home that i'm watching, a few seem to be doing well. i'm at work now so i cant get to them. it seems liek when i go thru the penny stock forums and see what others are hyped about i'm always a few days late. too bad for me becuase some of them have went from starting at $0.02 to $1.15 or so in a short amount of time.
I think it would be really cool to have a bunch of us researching potential good stocks and making recommendations. thats another reason why i want to play the penny's, as long as you're careful you really aren't going to lose alot of money if the stock goes flat.
http://www.Lonero.net - friend of the forums, great guitar player
#afterdawn (well i have no idea where it is anymore)
|
Moderator
1 product review
|
28. July 2006 @ 04:00 |
Link to this message
|
|
Where and how do you set up an account to start trading? What site(s) are you getting you information on the said stocks from?
|
Moderator
|
28. July 2006 @ 06:52 |
Link to this message
|
|
there are lots of online brokers like scottrade, ameritrade, etrade, etc. if you want to play where the most penny stocks are you need to make sure your broker deals on the OTC and pinksheet markets. i have an account at sogoinvest.com, which doesn't yet trade on these markets, but soon will. and their online real time trades are only $3 each vs. $7 or higher per trade on the other sites. by the time sogoinvest opens up to the markets that i want (OTC and pinksheets), i should be ready to start playing a bit. there are tons of penny stock forums out there to get info from, but everyone should do their own research on the company's they are thinking of investing it. with penny's there's alot of "pump nad dump" info out there so you need to be careful and do your own reseach. people hit a forum, usually paid by the company to do so, and claim a certain stock will explode soon. people buy in based on this speculation then the people that are already in the compnay can unload their stock as the price goes up just based on this speculation. then the poor saps that didn't do their own research get stuck holding worthless shares. if you want good stock info, "you get what you pay for" as far as info goes. the fact is, a good company will never need to spam or advertise their stock, based on the research people will already know they are on the way up. i'm going to pay for a newsletter from some of the respoected pickers. mainly Peter Leeds is the guy i'm starting to trust as far as picks. his info makes people millions, his newsletter is $200 per year but he's got a 98% accuracy track record. peterleeds.com if you want to check him out.
there are forums out there that do have good info, and honest investors are really just sharing tips with their fellow investors, but even they encourage anyone to do their own research on the stock and no go by thier recommendations. I have followed quite a few of these and checked into how they did based on a yearly or monthly chart and checked it agains when these people made thier posts. Some were dead on, some were crap. doing that is all part of the needed research IMO.
http://www.Lonero.net - friend of the forums, great guitar player
#afterdawn (well i have no idea where it is anymore)
This message has been edited since posting. Last time this message was edited on 28. July 2006 @ 06:55
|
Member
|
29. July 2006 @ 20:45 |
Link to this message
|
|
Penny stocks aren't bad if you want to learn, and dabbling where 100% gains are quickly had can be fun, and addicting. However, bear in mind losses can be quick too. As unstable as the market is right now, I would be a bit shy in dealing with smaller stocks. My retirement plans are all fairly agressive, and mostly overseas market players. However, I keep some blue chips still, because I did lose my a$$ not long after the changing of the gaurd. I did very well durring the tech boom of the 90's (Digital Lightwave EXPLODED, and made me very comfortable), but the new millenium has been less then kind. I have scored on some stocks where the companies involved clean up efforts in Iraq, and Katrina... so if you can find some low ballers in the clean up sector, rather then the tech sector it might be worth looking at.
|
Moderator
|
30. July 2006 @ 01:18 |
Link to this message
|
|
well you sound like just the kind of guy that needs to help us get a thread like this going. i'm totally new to the investing world, but i have been doing tons of reading about it.
http://www.Lonero.net - friend of the forums, great guitar player
#afterdawn (well i have no idea where it is anymore)
This message has been edited since posting. Last time this message was edited on 30. July 2006 @ 01:18
|
Member
|
30. July 2006 @ 08:20 |
Link to this message
|
Anybody who claims to be all knowing in the investment market is full of $hit. I have seen some people who score big once, then claim they know everything. I did pretty well in the 90s, but then again, who didn't? It was hard to screw up when the market was surging so fast and strong. Virtual companies were all the rage, and it was a safe bet. I am no genious, but I have watched trends and can get a rough idea of where things are going. I never offer tips (I do suggest you research rather than taking someone else's word for it), because I don't want to be responsible for someone losing their nestegg.
I learned, over the last few years, to watch for where growth is in the market... where there is certain to be work. DIGL (now DIGL.OB) skyrocketed in the 90s ( http://finance.yahoo.com/q/bc?s=DIGL.OB&t=my I bought at $18 and sold at over $130) because of the growth in high speed internet, which was obviously a sign of the tech boom. They developed high speed cable, laid it, maintained, and monitored it. Similarly I watched companies that were involved in clean up after natural disasters, as well as keeping a stern eye on companies bidding for war cleanup (I might suggest researching who may be in the running for the clean-up in Lebanon).
So what you need to do is look for companies who are involved in a sector where work WILL be required. If they are currently required their market value will be high and rarely see significant changes in a positive direction. Look at the 5 year chart for DIGL I provided for proof of that. But if you foresee a service that will be required the gains can be explosive and satisfying.
|
Moderator
|
30. July 2006 @ 09:20 |
Link to this message
|
|
seee thats what i mean though, "tips" dont have to be in the form of "buy this stock, it's going ot explode". to me, tips are more like giving good info of any kind. of course anyone would want to do their own research on anything before the dump money into it. far too many "pump and dumps" out there for someone just to take another's word for it.
http://www.Lonero.net - friend of the forums, great guitar player
#afterdawn (well i have no idea where it is anymore)
This message has been edited since posting. Last time this message was edited on 30. July 2006 @ 09:21
|
Member
|
1. August 2006 @ 04:37 |
Link to this message
|
|
you guys want a good stock.. not really penny, but its going to make it huge. its a new oil company which is really doing well... goign to build 12 more wells across canada. SEL-V or SEL (CA) depends which format your quoter grabber uses. Read up on them, some insider info has really helped me out, and apparently its going to go up and up. Enjoy. Throw me some paypal when you strike big.
|
|
sleepyone
Newbie
|
5. August 2006 @ 22:56 |
Link to this message
|
|
IF you wanna do penny stocks might as well burn your money right now, least you'll be warm. If the money is burning a hole in pocket then go to Vegas and have a good time with red or black.
|
Moderator
|
6. August 2006 @ 05:39 |
Link to this message
|
|
you've obviously had no luck with them.
http://www.Lonero.net - friend of the forums, great guitar player
#afterdawn (well i have no idea where it is anymore)
|
|
LexZ
Suspended permanently
|
6. August 2006 @ 19:01 |
Link to this message
|
|
um is penny stocks like a small betting thing with the stockmarket??
my creation! |
|
sleepyone
Newbie
|
7. August 2006 @ 11:31 |
Link to this message
|
There's a really good site, where this guy hypothetically buys a 1000 shares of stocks he gets in his spam email. http://www.spamstocktracker.com/ . No, I've never personally invested with penny stocks, however, I do a lot of research on stocks.
You've got devote yourself to stock picking, read everything, listen to conference calls, know when to get out of a stock - don't get emotional about a stock.
Remember the reason why a penny stock is on the bulletin board or pink sheets. These companies usually trade at a low volume, with big spreads, have low capitalization, and usually their product is an all or nothing type of deal.
Penny stocks are only suitable for people with extra money lying around. You should not risk what you cannot afford to lose.
|
|
Advertisement
|
|
|
Moderator
|
7. August 2006 @ 13:03 |
Link to this message
|
Quote:
You should not risk what you cannot afford to lose.
i'd say that applies to pretty much any type of investment, or gambling.
thats why i want to play with the penny stocks, i do enjoy the research and watching everything, and trying to figure when to buy and sell. i dont think i couldn't handle the stress of having big money tied up in big stocks lol.
http://www.Lonero.net - friend of the forums, great guitar player
#afterdawn (well i have no idea where it is anymore)
This message has been edited since posting. Last time this message was edited on 7. August 2006 @ 13:05
|
