User Panel
User Panel
User Panel
|
Posted: 9/28/2007 6:27:11 AM EDT
[#1]
Stocks with so little value and volume they are not listed, even on the exchange.
Beware the 'pump & dump' scams that are all over the place. |
|
|
|
Posted: 9/28/2007 6:48:39 AM EDT
[#2]
Don't use the rent money. Those shares are so thinly traded that even if the share price goes thru the roof YOU may not be able to find a buyer. Many of those companies don't really exist except on paper. There will most likely always be a buyer for the worst companies on a real exchange but the same can't be said for the shares you are talking about. There are some legit companies that trade OTC but they require 10 times the research of a company that's traded on a regular exchange. If you have some money to just piss away then give it a shot but don't expect to see the money again. If you think you don't have enough money to get into the market park your spare money at Fidelity until you do. SS
|
|
|
|
Posted: 9/28/2007 6:58:15 AM EDT
[#3]
Rough rule-of-thumb on Pink Sheet stocks: The risk greatly outweighs the reward.
|
|
|
|
Posted: 9/28/2007 2:54:42 PM EDT
[#4]
+1 Unless you're a good trader, don't go there. Sure, you might hit the lotto and buy a stock @.05 and have it go to a 1$. Pink sheet stocks are there for a reason - they are companies that can't make the min listing requirements to be on an exchange...they are on the pinks for a reason. Learn technical analysis, if you want to have a chance at winning on a regular basis. There are plenty of guys out there willing to take your money from you.....Believe me, it's possible to find stocks that pop 20+% in a few days to a few weeks. I do it all the time. sold crox for a 15% pop this week, and mea for a 22% pop. - it can be done on a regular basis, you just gotta learn how to play the game. Here, read Trading for a living by dr alexander elder, it's a good into to tech analysis and covers the hardest part of being a trader - the emotions of fear and greed. stay outta the pink and buy what you know. |
|
|
|
|
Posted: 10/8/2007 1:41:55 PM EDT
[#5]
+1 on the risk issue. If you don't do your own research, you're gonna lose out your arse!
Pinksheets & Penny Stocks & OTC Securities are all slightly different little monsters with high volumes!  Personally, I'll try to avoid playing many Pennys & Pinks because of their unreliability, extreme risk, and volatility. SOME of them hold some SERIOUS potential for profits though! I once pulled ~725% profit off one, and another I'm watching VEEEEERY closely is possibly going to get 427% or so in the not-too-distant future (if all goes well). Sometimes people hit the lotto, and sometimes they lose 45% of their investment (or more). If you're gonna pay the pennies you've got to watch your $$ every minute of the day or you're gonna possibly lose out out your arse! High volume, low-cost shares are a great QUICK money-maker! But it's like Blackjack at a Casino to some people!  It can get addictive quickly, and it can also be a great QUICK money-loser!  On some stocks I've lost +45% of my $$ in a day, and on others I've gained +110% in a day! The trick is to watch it daily, and learn how to NOT WORRY about it so much! If you check your Level-2 real-time streaming market data you'll see that there are higher-powers at play with many of the penny stocks! Watching MM's like NITE (who's MORE than happy to take your money from you!) swoop down on a penny stock with an increasing activity volume, you can sometimes watch MMs nearly stop a share price dead in the water, drive the price up or down, and really wreak havoc on some penny stocks! INUHBAD'S CARDINAL RULES OF TRADING PENNY STOCKS: 1.) ONLY TRADE ON A CASH ACCOUNT - YOU'D BE A FOOL TO GO ON MARGIN!  2.) ONLY INVEST WHAT MONEY YOU CAN AFFORD TO LOSE (Some people are lucky to break even) 3.) SET BUY/SELL STOP LIMIT (or Trailing Stop Limits if you can) Amounts ON YOUR ACCOUNT. This way you tell the computer to automatically SELL OUT your shares if it reaches a certain price (high to make profit  , and a low limit (just incase -- A trailing stop limit sell order if you can) to cut your losses before it hits you worse ).4.) WATCH YOUR MONEY LIKE A HAWK THE WHOLE TIME (that's the WORK part). Sometimes you can make a quick $500+, sometimes you can make a quick $10,000+ , and sometimes you can make a quick -$6000- , or a -$350- ... It's all about RESEARCH, ANALYSIS, AND TIMING!
|
|
|
Win a FREE Membership!
Sign up for the ARFCOM weekly newsletter and be entered to win a free ARFCOM membership. One new winner* is announced every week!
You will receive an email every Friday morning featuring the latest chatter from the hottest topics, breaking news surrounding legislation, as well as exclusive deals only available to ARFCOM email subscribers.
AR15.COM is the world's largest firearm community and is a gathering place for firearm enthusiasts of all types.
From hunters and military members, to competition shooters and general firearm enthusiasts, we welcome anyone who values and respects the way of the firearm.
Subscribe to our monthly Newsletter to receive firearm news, product discounts from your favorite Industry Partners, and more.
Copyright © 1996-2024 AR15.COM LLC. All Rights Reserved.
Any use of this content without express written consent is prohibited.
AR15.Com reserves the right to overwrite or replace any affiliate, commercial, or monetizable links, posted by users, with our own.
