Penny stocks

[Al Neri]

Originally posted by: LegendKiller

Originally posted by: Don Rodriguez

Originally posted by: LegendKiller

Originally posted by: Don Rodriguez
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?

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.

You give me anecdotal evidence of a tried and almost clichéd investing strategy that you did in business school and then claim to "probably forgotten more about finance than you will ever know?" To top that off you end your ramble with an assumption and a spelling correction. That my friend is not sound judgement.

Regardless of your little story, what you say you simulated trading in (futures on comodities), if you weren't aware of, is traded on a recognized market. What the OP is looking for are listed on the Pink Sheets or other similar markets, those are not registered with the SEC, they are not recognized as a real exchange, and there are no listing qualifications, so your story holds no water to your argument (i.e. trading crude futures vs. trading securities on an unrecognized exchange)

Anywhoo... remember the axiom, you don't know who you are talking to on message boards, so don't run your mouth, ever.

Now, next time a grownup says something, please, sit down, read and learn. Be seen, but not heard... in the modern formation it has become, "don't be heard" with the advent of the internet's anonymity, especially when your rebuttal has nothing to do with the topic at hand, Mr. advanced derivatives.

Thanks,

Don R.

 

[DrPizza]

Originally posted by: Don Rodriguez
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?

I got the impression from the OP's grammar that he's in 9th or 10th grade... not college. I think these types of contests in the high school really aren't about teaching common sense when investing, but rather about understanding investing in stocks in a broader sense.


I also saw something about gaining and losing 5%. That's not a good thing at all. Let's assume you start with 100 dollars. Today, you gain 5%. You're up to $105. Tomorrow, you lose 5%. You're now BELOW 100 dollars (99.75)

(In fact, regardless of the starting value, it works out to losing a quarter of a percent every other day)

 

[dullard]

Originally posted by: DrPizza
I also saw something about gaining and losing 5%. That's not a good thing at all. Let's assume you start with 100 dollars. Today, you gain 5%. You're up to $105. Tomorrow, you lose 5%. You're now BELOW 100 dollars (99.75)

(In fact, regardless of the starting value, it works out to losing a quarter of a percent every other day)

The idea is:
(1) when stocks are in a holding pattern, they go up 5.26%, then drop 5%. It repeats over and over again. In the end you are about the same. Stocks always go up more than they fall in situations like that (it is +5.26%/-5% NOT +5%/-5%).

(2) Buy at 95, sell at 100. Wait until it hits 95, sell at 100. Do this repeatedly on penny stocks and you'll gain a ton. Of course, if you time it wrong and just once do that backwards, you'll lose all your gains and much, much more.

 

[FelixDeCat]

Pssst....hey buddy.....buy SCAM.OB. Theyre about to release info on a gold discovery in a long abandoned lower Manhattan mine in NY, that sits on top of a large reserve of oil and unreleased Tupac Shakur Songs.

Best part is you can buy a share for .00001 cent each!

 

[ChAoTiCpInOy]

Originally posted by: DrPizza

Originally posted by: Don Rodriguez
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?

I got the impression from the OP's grammar that he's in 9th or 10th grade... not college. I think these types of contests in the high school really aren't about teaching common sense when investing, but rather about understanding investing in stocks in a broader sense.


I also saw something about gaining and losing 5%. That's not a good thing at all. Let's assume you start with 100 dollars. Today, you gain 5%. You're up to $105. Tomorrow, you lose 5%. You're now BELOW 100 dollars (99.75)

(In fact, regardless of the starting value, it works out to losing a quarter of a percent every other day)

First of all, I'm a senior in high school. I'm in an AP Micro/Macroeconomics class. The reason I am asking you people is because you have proven yourself to be a source of information that can be used credibly. I know stocks; I have actual money in the stock market. All I was asking was advice, not for some criticism. Me and my friend are losing to a CP Economics class group and that is not cool. I just need short term gains to make up for the losses that we have incurred so that we can get back to number 1.

Trust me, if i wanted to talk with college grammer and vocabulary, I would, but the reason I didn't is because some of you may not understand it. So kiss my a**.

 

[LegendKiller]

Originally posted by: Don Rodriguez

You give me anecdotal evidence of a tried and almost clichéd investing strategy that you did in business school and then claim to "probably forgotten more about finance than you will ever know?" To top that off you end your ramble with an assumption and a spelling correction. That my friend is not sound judgement.

Sure, it's "almost" cliche, but not quite. Perhaps 80% there. Sound judgement? Your original post was so far off the mark as to make your posts laughable. Try reading first.

Regardless of your little story, what you say you simulated trading in (futures on comodities), if you weren't aware of, is traded on a recognized market. What the OP is looking for are listed on the Pink Sheets or other similar markets, those are not registered with the SEC, they are not recognized as a real exchange, and there are no listing qualifications, so your story holds no water to your argument (i.e. trading crude futures vs. trading securities on an unrecognized exchange)

I am well aware that commodities are traded on a recognized market, but they are still speculative to a lay investor, much like penny stocks. I am also quite aware that they aren't registered or regulated. My point was, I gambled, but I guess that was too hard for you to understand.

Anywhoo... remember the axiom, you don't know who you are talking to on message boards, so don't run your mouth, ever.

Now, next time a grownup says something, please, sit down, read and learn. Be seen, but not heard... in the modern formation it has become, "don't be heard" with the advent of the internet's anonymity, especially when your rebuttal has nothing to do with the topic at hand, Mr. advanced derivatives.

Thanks,

Don R.

Frankly, I don't give a flying fluck about the anonymous nature of the net, I would have called you out in face or not. Furthermore, I doubt you have anything but a shred of knowledge you picked up in some pathetic book or an undergrad course. Next time you try to use the belittling language of acting like some superior adult, try not to be so obviously condescending as to appear moronic in your attempt. Wow, so you can go online and say you are older to somebody who you think is younger, or at least minimize the points they make by doing that action. Great job sparky, you have done what others have done since the web was invented. Amazingly, you do that while trying to write a scathing rebuttal which does nothing more than expose you as a oafish hypocrite.

 

[bobdelt]

just buy frozen concentrated orange juice futures

 

[Al Neri]

Originally posted by: LegendKiller

Originally posted by: Don Rodriguez

You give me anecdotal evidence of a tried and almost clichéd investing strategy that you did in business school and then claim to "probably forgotten more about finance than you will ever know?" To top that off you end your ramble with an assumption and a spelling correction. That my friend is not sound judgement.

Sure, it's "almost" cliche, but not quite. Perhaps 80% there. Sound judgement? Your original post was so far off the mark as to make your posts laughable. Try reading first.

Regardless of your little story, what you say you simulated trading in (futures on comodities), if you weren't aware of, is traded on a recognized market. What the OP is looking for are listed on the Pink Sheets or other similar markets, those are not registered with the SEC, they are not recognized as a real exchange, and there are no listing qualifications, so your story holds no water to your argument (i.e. trading crude futures vs. trading securities on an unrecognized exchange)

I am well aware that commodities are traded on a recognized market, but they are still speculative to a lay investor, much like penny stocks. I am also quite aware that they aren't registered or regulated. My point was, I gambled, but I guess that was too hard for you to understand.

Anywhoo... remember the axiom, you don't know who you are talking to on message boards, so don't run your mouth, ever.

Now, next time a grownup says something, please, sit down, read and learn. Be seen, but not heard... in the modern formation it has become, "don't be heard" with the advent of the internet's anonymity, especially when your rebuttal has nothing to do with the topic at hand, Mr. advanced derivatives.

Thanks,

Don R.

Frankly, I don't give a flying fluck about the anonymous nature of the net, I would have called you out in face or not. Furthermore, I doubt you have anything but a shred of knowledge you picked up in some pathetic book or an undergrad course. Next time you try to use the belittling language of acting like some superior adult, try not to be so obviously condescending as to appear moronic in your attempt. Wow, so you can go online and say you are older to somebody who you think is younger, or at least minimize the points they make by doing that action. Great job sparky, you have done what others have done since the web was invented. Amazingly, you do that while trying to write a scathing rebuttal which does nothing more than expose you as a oafish hypocrite.

Hush hush. I work on the street. Now like I said, read, listen, learn. Don't be seen!

 

[LegendKiller]

Originally posted by: Don Rodriguez

Originally posted by: LegendKiller

Originally posted by: Don Rodriguez

You give me anecdotal evidence of a tried and almost clichéd investing strategy that you did in business school and then claim to "probably forgotten more about finance than you will ever know?" To top that off you end your ramble with an assumption and a spelling correction. That my friend is not sound judgement.

Sure, it's "almost" cliche, but not quite. Perhaps 80% there. Sound judgement? Your original post was so far off the mark as to make your posts laughable. Try reading first.

Regardless of your little story, what you say you simulated trading in (futures on comodities), if you weren't aware of, is traded on a recognized market. What the OP is looking for are listed on the Pink Sheets or other similar markets, those are not registered with the SEC, they are not recognized as a real exchange, and there are no listing qualifications, so your story holds no water to your argument (i.e. trading crude futures vs. trading securities on an unrecognized exchange)

I am well aware that commodities are traded on a recognized market, but they are still speculative to a lay investor, much like penny stocks. I am also quite aware that they aren't registered or regulated. My point was, I gambled, but I guess that was too hard for you to understand.

Anywhoo... remember the axiom, you don't know who you are talking to on message boards, so don't run your mouth, ever.

Now, next time a grownup says something, please, sit down, read and learn. Be seen, but not heard... in the modern formation it has become, "don't be heard" with the advent of the internet's anonymity, especially when your rebuttal has nothing to do with the topic at hand, Mr. advanced derivatives.

Thanks,

Don R.

Frankly, I don't give a flying fluck about the anonymous nature of the net, I would have called you out in face or not. Furthermore, I doubt you have anything but a shred of knowledge you picked up in some pathetic book or an undergrad course. Next time you try to use the belittling language of acting like some superior adult, try not to be so obviously condescending as to appear moronic in your attempt. Wow, so you can go online and say you are older to somebody who you think is younger, or at least minimize the points they make by doing that action. Great job sparky, you have done what others have done since the web was invented. Amazingly, you do that while trying to write a scathing rebuttal which does nothing more than expose you as a oafish hypocrite.

Hush hush. I work on the street. Now like I said, read, listen, learn. Don't be seen!

I am sure you do...as a janitor.

Let me remind you...

"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. "

After he had already mentioned that he wasn't playing with real money. Not to mention you already started the conversation on a poor foot. So, you can take your street creds and talk to Bubba about getting that gum off of the floor.

 

[Al Neri]

Originally posted by: LegendKiller

Originally posted by: Don Rodriguez

Originally posted by: LegendKiller

Originally posted by: Don Rodriguez

You give me anecdotal evidence of a tried and almost clichéd investing strategy that you did in business school and then claim to "probably forgotten more about finance than you will ever know?" To top that off you end your ramble with an assumption and a spelling correction. That my friend is not sound judgement.

Sure, it's "almost" cliche, but not quite. Perhaps 80% there. Sound judgement? Your original post was so far off the mark as to make your posts laughable. Try reading first.

Regardless of your little story, what you say you simulated trading in (futures on comodities), if you weren't aware of, is traded on a recognized market. What the OP is looking for are listed on the Pink Sheets or other similar markets, those are not registered with the SEC, they are not recognized as a real exchange, and there are no listing qualifications, so your story holds no water to your argument (i.e. trading crude futures vs. trading securities on an unrecognized exchange)

I am well aware that commodities are traded on a recognized market, but they are still speculative to a lay investor, much like penny stocks. I am also quite aware that they aren't registered or regulated. My point was, I gambled, but I guess that was too hard for you to understand.

Anywhoo... remember the axiom, you don't know who you are talking to on message boards, so don't run your mouth, ever.

Now, next time a grownup says something, please, sit down, read and learn. Be seen, but not heard... in the modern formation it has become, "don't be heard" with the advent of the internet's anonymity, especially when your rebuttal has nothing to do with the topic at hand, Mr. advanced derivatives.

Thanks,

Don R.

Frankly, I don't give a flying fluck about the anonymous nature of the net, I would have called you out in face or not. Furthermore, I doubt you have anything but a shred of knowledge you picked up in some pathetic book or an undergrad course. Next time you try to use the belittling language of acting like some superior adult, try not to be so obviously condescending as to appear moronic in your attempt. Wow, so you can go online and say you are older to somebody who you think is younger, or at least minimize the points they make by doing that action. Great job sparky, you have done what others have done since the web was invented. Amazingly, you do that while trying to write a scathing rebuttal which does nothing more than expose you as a oafish hypocrite.

Hush hush. I work on the street. Now like I said, read, listen, learn. Don't be seen!

I am sure you do...as a janitor.

Let me remind you...

"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. "

After he had already mentioned that he wasn't playing with real money. Not to mention you already started the conversation on a poor foot. So, you can take your street creds and talk to Bubba about getting that gum off of the floor.

LOL you had the last word.

I actually work in compliance, on the road to become a CCO. But you had the last word, so you're a bigger man!

 

[LegendKiller]

Originally posted by: Don Rodriguez

Originally posted by: LegendKiller

Originally posted by: Don Rodriguez

Originally posted by: LegendKiller

Originally posted by: Don Rodriguez

You give me anecdotal evidence of a tried and almost clichéd investing strategy that you did in business school and then claim to "probably forgotten more about finance than you will ever know?" To top that off you end your ramble with an assumption and a spelling correction. That my friend is not sound judgement.

Sure, it's "almost" cliche, but not quite. Perhaps 80% there. Sound judgement? Your original post was so far off the mark as to make your posts laughable. Try reading first.

Regardless of your little story, what you say you simulated trading in (futures on comodities), if you weren't aware of, is traded on a recognized market. What the OP is looking for are listed on the Pink Sheets or other similar markets, those are not registered with the SEC, they are not recognized as a real exchange, and there are no listing qualifications, so your story holds no water to your argument (i.e. trading crude futures vs. trading securities on an unrecognized exchange)

I am well aware that commodities are traded on a recognized market, but they are still speculative to a lay investor, much like penny stocks. I am also quite aware that they aren't registered or regulated. My point was, I gambled, but I guess that was too hard for you to understand.

Anywhoo... remember the axiom, you don't know who you are talking to on message boards, so don't run your mouth, ever.

Now, next time a grownup says something, please, sit down, read and learn. Be seen, but not heard... in the modern formation it has become, "don't be heard" with the advent of the internet's anonymity, especially when your rebuttal has nothing to do with the topic at hand, Mr. advanced derivatives.

Thanks,

Don R.

Frankly, I don't give a flying fluck about the anonymous nature of the net, I would have called you out in face or not. Furthermore, I doubt you have anything but a shred of knowledge you picked up in some pathetic book or an undergrad course. Next time you try to use the belittling language of acting like some superior adult, try not to be so obviously condescending as to appear moronic in your attempt. Wow, so you can go online and say you are older to somebody who you think is younger, or at least minimize the points they make by doing that action. Great job sparky, you have done what others have done since the web was invented. Amazingly, you do that while trying to write a scathing rebuttal which does nothing more than expose you as a oafish hypocrite.

Hush hush. I work on the street. Now like I said, read, listen, learn. Don't be seen!

I am sure you do...as a janitor.

Let me remind you...

"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. "

After he had already mentioned that he wasn't playing with real money. Not to mention you already started the conversation on a poor foot. So, you can take your street creds and talk to Bubba about getting that gum off of the floor.

LOL you had the last word.

I actually work in compliance, on the road to become a CCO. But you had the last word, so you're a bigger man!

CCO of a BB firm? How far out?

Heck, I could say I am on the road to being an MD. But I'd just settle for knowing that I negotiated 5Bn in revolving funding for a fortune 100 company through 6 of your banks in less than a month, I love making bankers dance when they need business.

 

[Al Neri]

a large limited purpose bd. we only house mutual funds, but our larger business is seperately managed accounts (wrap and fee based). Trust me you have heard of this firm, we're probably top 5 in fee based accounts.

I'm an AVP (who isn't)... and am about 2 years out of being a VP, then who knows regarding CCO, but considering i'm under 25, id say I was on a good track.

 

[dquan97]

So the OP was asking about Penny Stocks. But all you guys are talking about is random stuff not even associated with the stock market in any way. Genta seems like a good stock for short returns. It recently doubled.

 

[richardycc]

I have one, but I am still doing the DD on it....it could be a scam or something BIG, someone could retire in 5 yrs from investing only $1000 in this company stock, stay tuned....

 

[dullard]

Well, what did you go into?

Playing by your rule, of buying/selling at the price the stock reached end of the day, what was your return?

Had you bought CDE like I said on Friday, you would have bought it at ~$4.55. If you bought it at the end of Monday, you would have bought it at ~$4.52. CDE ended today at $4.74. So, that is a 4-5% gain in a few days.

It looks like the recommendation for ISE would have returned 8% if you bought on Friday. Good going, AnonymouseUser with that recommendation, although the rest of yours didn't perform quite as well and a couple are down.

 

[AnonymouseUser]

Originally posted by: dullard
It looks like the recommendation for ISE would have returned 8% if you bought on Friday. Good going, AnonymouseUser with that recommendation, although the rest of yours didn't perform quite as well and a couple are down.

Yep, ISE is doing well and I even grabbed some for myself. ISE hit the buypoint of $45.84 (cup w/handle base) several days ago. Should see a nice run up soon, especially with the upcoming short squeeze.

As for the others, it may take some time but they should see some nice gains as well:
DEIX is on the verge of a cup w/handle breakout, with a true buypoint of $16.45.
GYMB gapped up the day this thread started, so it needs to consolidate gains for a few days before it's next run.
ICE goes up tomorrow (provided the market doesn't turn sour), and if it breaks $78 (high point of handle in cup w/ handle base) look out!
SIMC just needs to release their earnings report BEFORE Oct 12th....
FRPT had a nice run a few days before this thread started, and is currently consolidating gains. I jumped on this high-flyer in late May, after it broke out of a high-and-tight flag base. Already have a double, and looking for much more.

None of these stocks will double overnight, but they are pretty safe bets at present. Some could see 15-20% gains or more in a month or so, and could help the OP gain some ground without any more downside risk.

 

[simms]

SIMC went up almost 100% on Oct 12.. How did you know?

 

[AnonymouseUser]

Originally posted by: simms
SIMC went up almost 100% on Oct 12.. How did you know?

Let's look at the whole picture:

Why did SIMC drop so bad in August? They were restating earnings for Q4 2005, and Q1 2006. This also delayed their earnings report, making them delinquent according to Nasdaq's rules. That can often ruin a stock, and though I feel SIMC's pps deserved to be taken down a bit over it, I didn't feel SIMC deserved to see $5 or less.

First off, let me make it clear that buying SIMC was a gamble, but it was a fairly safe gamble for a few reasons.

1) There was no negative news concerning their current earnings, only their recent past.
2) The restatement was not going to be terribly bad because the issue of counting revenue twice only affected one customer. Their largest customer made up 17% of their total revenues, and if that were the customer that they had counted double, then cutting that in half it would only hurt their bottom line by 8.5%. Even taking out 17% SIMC would still be showing strong growth year over year.
3) Low float stock with lots of short interest. Any news - good or bad (everyone already expected bad) - could have driven the price up enough to cause a short squeeze.

I must say I enjoyed riding this one from $5 to $9, but not being a pig I sold 1/3rd $8.00 and 1/3rd @ $8.75. I'll hold the rest at least through next earnings (only one month away).

 

[fitzov]

Originally posted by: bobdelt
just buy frozen concentrated orange juice futures

:laugh:

 

[Stunt]

Originally posted by: fitzov

Originally posted by: bobdelt
just buy frozen concentrated orange juice futures

:laugh:

He's serious...orange juice is a traded commodity and is up huge recently.