I need some real big short term stocks that will rocket really fast. Me and my friend are in a competition at school for highest stock return. So basically, we need small penny stocks to regain some ground we lost. We're in 10th, even though we have made profit. Since this is a simulation, any advice is helpful. Please help.
Penny stocks
- Thread starter ChAoTiCpInOy
- Start date
Any actual stocks you guys would recommend? I can't day trade google because it is a simulation and I am in school during the day. Plus its delayed, so I can't even do that if i wanted to.
AnonymouseUser
Diamond Member
- May 14, 2003
- 9,943
- 107
- 106
ICE
ISE
GYMB
FRPT.ob (headed for Nasdaq soon)
DEIX
Avoid penny stocks.
Also, one speculative stock with potential: SIMC
ISE
GYMB
FRPT.ob (headed for Nasdaq soon)
DEIX
Avoid penny stocks.
Also, one speculative stock with potential: SIMC
The nature of these things is that it's a pure gamble, unless you are able to manipulate the movements of the stock yourself. Why don't you go learn about some basic technical analysis, run some stock screens, see what happens.
DrPizza
Administrator Elite Member Goat Whisperer
Logic: if it was simple to pick penny stocks and make a huge profit, everyone would be doing it.
But, since it is just a contest, rather than intelligent investing, go for the highest risk stocks... you've got nothing to lose.
But, since it is just a contest, rather than intelligent investing, go for the highest risk stocks... you've got nothing to lose.
The point of this forum post is to ask those that know stocks, what stocks that are below $10 per share, are worth buying. Me and my friend need to make up ground.
DrPizza
Administrator Elite Member Goat Whisperer
That's the point of my post above. If people *knew* which stocks were going to have 20% or 30% gains during the next couple of months, they'd be idiots not to take out loans and invest real money into those stocks.
dullard
Elite Member
- May 21, 2001
- 26,200
- 4,871
- 126
It appears that no one is willing to truely listen to your plight. So, Dullard to the rescue.
I wouldn't dare do this with my own money, but CDE tends to move 1-10% in a day. 2-5% moves occur on a typical day. Those moves could lose 5% of your money in one day, or gain 5% in one day. It is very risky. However, it is down 21% in about 2 weeks, and it is down to a level in which has been the recent low point after which it has risen back up. Thus I would think it has a better chance to swing back up than to continue downward.
True, you can't predict future results from past history. However, you know you are getting CDE at a great discount compared to what it was selling at just a short time ago. Also, the fundamentals are strong. CDE is a silver (~75%) and gold (~25%) mining company. Silver and gold prices are both quite high, so CDE is raking in the money, earnings should not be a concern.
As a commodity stock, CDE will trade similarly to oil because investors lump metals and oil together into commodity indicies. Basically you are betting that oil has bottomed, and you are betting that gold and silver will stay high if you buy CDE. Also, any politicial instability will cause CDE to soar, CDE went up ~90% in a very short time when Iran and nuclear weapons was in the news earlier this year.
If you believe that oil will continue to fall, that gold/silver prices will fall from their highs, and that there will be relative political stability, then don't buy CDE.
I wouldn't dare do this with my own money, but CDE tends to move 1-10% in a day. 2-5% moves occur on a typical day. Those moves could lose 5% of your money in one day, or gain 5% in one day. It is very risky. However, it is down 21% in about 2 weeks, and it is down to a level in which has been the recent low point after which it has risen back up. Thus I would think it has a better chance to swing back up than to continue downward.
True, you can't predict future results from past history. However, you know you are getting CDE at a great discount compared to what it was selling at just a short time ago. Also, the fundamentals are strong. CDE is a silver (~75%) and gold (~25%) mining company. Silver and gold prices are both quite high, so CDE is raking in the money, earnings should not be a concern.
As a commodity stock, CDE will trade similarly to oil because investors lump metals and oil together into commodity indicies. Basically you are betting that oil has bottomed, and you are betting that gold and silver will stay high if you buy CDE. Also, any politicial instability will cause CDE to soar, CDE went up ~90% in a very short time when Iran and nuclear weapons was in the news earlier this year.
If you believe that oil will continue to fall, that gold/silver prices will fall from their highs, and that there will be relative political stability, then don't buy CDE.
judging by your username, you seem to be the average person looking to make money on a penny stock. when you're $5,000 poorer let me know.
Judging by your user name your reading comprehension levels are on par with a slug. Seriously, *HE IS LOOKING FOR A LEG-UP ON A STOCK *******GAME********.
Man...
Thank you for showing off your high IQ legend killer. Anyway, I can't imagine any reputable professor who would allow students to speculate on pinksheets/bulliten board/penny stock crap. It's about as risky as gambling on the internet, will the professor let you(chaoticpinoy)take your money to party poker or something similar?
hey man, i lost all my shares ive invested in a penny stock last year. don't make the same mistake i did.
Professors will let you do anything and it's quite interesting if your grade does not depend on it.
When I was going through grad school, we had a class on behavioral finance and discussed the largest pitfalls an investor can encounter or subject themselves to. Interestingly enough, I had an advanced derivatives course at the same time with the same professor, so we asked him if we could perform an experiment. We read 1-2 day old WSJ or FT to trade on news with information already baked in, day-traded, traded on emotion...etc.
one of the best trials was super-speculation. A classmate and I took opposing sides on a a 3-month crude future, since the beginning of the Iraq invasion had just started and many were speculating on Saddam lighting the wells on fire. I went long on oil, he went short. Considering the market had already included a risk premium and I was paying for peak contracts, it was pretty fun to watch my 30% return portfolio tank. Apparently I had the largest loss in the game's history.
Now, you can go ahead and assume what you want sparky, but I have probably forgotten more about finance than you will ever know. Obviously you can't even read posts, because you sidestepped and backtracked. Also, you can't even spell "Bulletin" well enough.
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