Rule 2
Never ever chase a penny stock if you don't get in at the very beginning
Never ever chase a penny stock if you don't get in at the very beginning
Penny Stock Thread
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Last: 2 yr ago by LatinAggie1997
HCMC
Penny stock.
Large volume (7B/ten day 13B)
Pending suit vs P. Morris
Co. has assets and patents
Obviously a lottery stock but what is your gut saying and what are some positive possibilities.
Penny stock.
Large volume (7B/ten day 13B)
Pending suit vs P. Morris
Co. has assets and patents
Obviously a lottery stock but what is your gut saying and what are some positive possibilities.
I threw some money at it, not a lot (135k shares), and figured what the hell.
Split?
How would that adversely/positively affect someone's position?
What is the purpose of it?
Googled reverse stock split but want your thoughts on why you believe it is coming.
Split?
How would that adversely/positively affect someone's position?
What is the purpose of it?
Googled reverse stock split but want your thoughts on why you believe it is coming.
I bought ELCR and it went busto....for 10 years....same .0001
Now this month it jumps to .005...?
Company doesn't even really exist anymore....crazy
Bought my kid some AMMJ to teach him about stocks...and it's trickling up
Now this month it jumps to .005...?
Company doesn't even really exist anymore....crazy
Bought my kid some AMMJ to teach him about stocks...and it's trickling up
Fixing to transfer things Fidelity....can you trade penny stocks with them?
So, I need ro hope for a massive p&d and catch the peak at the right time
Or
Hope they win the PM suit and catch the peak at the right time.
Yuck, timing takes timing.
Or
Hope they win the PM suit and catch the peak at the right time.
Yuck, timing takes timing.
You're right ELCR is strange. Motley Fool was largest share holder and sold off all shares last year. Hasn't been a quarterly report since. And it rises 26% today. Because of the name?
CHOOF
Operates upscale marijuana shops in Canada, recently opened 14th location and signed a deal to open in New Jersey.
Decent volume, should pop when US legaluzes
TNSP...already running
Operates upscale marijuana shops in Canada, recently opened 14th location and signed a deal to open in New Jersey.
Decent volume, should pop when US legaluzes
TNSP...already running
BucketofBalls99 said:
Fixing to transfer things Fidelity....can you trade penny stocks with them?
Fidelity allows penny's but you may have to sign a form to acknowledge the risk involved.
They won't trade EGOC though, because the company is late on some required SEC filings.
MGA.TO
It shows up but no data on TSO
frankm01 said:BucketofBalls99 said:
Fixing to transfer things Fidelity....can you trade penny stocks with them?
Fidelity allows penny's but you may have to sign a form to acknowledge the risk involved.
They won't trade EGOC though, because the company is late on some required SEC filings.
You're right it appears they haven't kept up. I put some on them based on the other thread. Is that a bad idea?
agdaddy04 said:frankm01 said:BucketofBalls99 said:
Fixing to transfer things Fidelity....can you trade penny stocks with them?
Fidelity allows penny's but you may have to sign a form to acknowledge the risk involved.
They won't trade EGOC though, because the company is late on some required SEC filings.
You're right it appears they haven't kept up. I put some on them based on the other thread. Is that a bad idea?
I wanted to throw a few bucks at it but neither TDA or Fidelity (my 2 brokerages) allow it.
It certainly is a gamble but l think it's worth a shot. Plus, OA brought it up as well although he doesn't do penny's. As long as its money you're ok to lose.
TDA allows it.
Ubitag said:Volume is a leading indicator, u want a stock with mucho daily volume movement.Bob Knights Liver said:
I am interested in the process for penny stocks since I have very little experience in this realm. Questions for this thread:
How do you select pennies to follow? Is this primarily based on mentions in social media or do you scan for specific qualities?
Are there particular DD steps you generally go through before investing? Is you decision typically based on financial or technical signals? Do you look for ideas with growth upside and ignore the rest?
Do you have a set percentage of your portfolio it a set initial investment amount that you generally get in for most investments?
After you have invested do you have a certain profit point where you look to return some of your initial capital?
Very few penny stocks will ever become a long time winner. Exceptions to all rules but there is a reason these stocks trade for pennies,
If a stock has 2 billion shares issued and is trading for a penny, chances are it will be nothing more than that.
Once you hear about the pumping of a stock, get into it but dump it once you hit a reasonable return on your money. Mine is 20%
Get out and then watch it for a few days. U should see a pattern until it finally goes flat and the pumpers move on.
If u can get on the ground floor of a pump and dump, u can literally make a fortune on the dump.
Rule 1
Never fall n love with a penny stock.
Definitely agree on getting in on the ground floor. It's ok to miss plays, you are going to miss most of the plays. FOMO is worse though, can't get FOMO especially on a penny play. FOMO gets you burnt, if you miss you just miss it.
The whole reason to hold EGOC is due to the filing of David Lazar in Nevada. He is planning to use the structure of EGOC (now defunct company) as the vector for a reverse merger. The process is moving along, was in court Feb 1 and granted approval to continue process. Lazar has a history of successful reverse mergers.agdaddy04 said:frankm01 said:BucketofBalls99 said:
Fixing to transfer things Fidelity....can you trade penny stocks with them?
Fidelity allows penny's but you may have to sign a form to acknowledge the risk involved.
They won't trade EGOC though, because the company is late on some required SEC filings.
You're right it appears they haven't kept up. I put some on them based on the other thread. Is that a bad idea?
There has been enough volatility recently it allowed me to go net free in a week. Ill stuff it away in the net free collection and see what happens from here
I saw that. What company is using the reverse merger? I tried looking for it but haven't found it yet.
slacker00 said:
I saw that. What company is using the reverse merger? I tried looking for it but haven't found it yet.
Hasn't been announced yet
Eyes of texas Crying
slacker00 said:
I saw that. What company is using the reverse merger? I tried looking for it but haven't found it yet.
WPG did it about 6 weeks ago. They had to stay above a $1 to remain on the NYSE. Reverse split 7/1 to 7/share. They have doubled since.
playa00
Thanks, that explains why I couldn't find it.
In
All great advice... but I really just need to know what the next TSNP is so I can put my whole paycheck this month on it.
have a position in it.agdaddy04 said:
Anyone in RVVTF?
Started accumulating around 15 cents. It peaked at 70 cents and has been trading in a window around 41-49 cents. They just received private funding at 40 cents. They've been rapidly opening more testing sites for their stage 3 therapeutic for covid. News is due this month. Safety profile is already cleared since repurposed existing drug. They also have the shroom med angle part of the business that is hot.
Hoping for a moonshot with this one.
yes and absolutely no fees for trading otc. Highly recommended.BucketofBalls99 said:
Fixing to transfer things Fidelity....can you trade penny stocks with them?
Aston04 said:yes and absolutely no fees for trading otc. Highly recommended.BucketofBalls99 said:
Fixing to transfer things Fidelity....can you trade penny stocks with them?
The only issue is with Fidelity, is that you will be blocked from buying any OTC stocks that are not current on their paperwork. This is how I missed out on EGOC. To combat this I opened a TD Ameritrade account. They charge a fee but I believe they are wide open on OTC purchases. If Fidelity won't let me buy it, then I'll buy on TD Ameritrade.
Does schwab do similar restrictions as fidelity? I know that they have no fees as well for otc.
Pretty neat tool to filter stocks.
https://swingtradebot.com/
Click on "research" and all stocks.
Weird, this thing won't work on my chromebook, but it works on my phone.
Edit... figured it out: the upper link is for non OTC stocks.
Here's the one for them: http://otcbb.swingtradebot.com
https://swingtradebot.com/
Click on "research" and all stocks.
Weird, this thing won't work on my chromebook, but it works on my phone.
Edit... figured it out: the upper link is for non OTC stocks.
Here's the one for them: http://otcbb.swingtradebot.com
Maybe the wrong thread for that site... Tried 3 different penny stocks- nothing... (RVVTF, TSCRF, RWBYF)
Blue chips- had info...
Side note: Really like RWBYF (Red, White and Bloom)- hadn't mentioned that one before... Pot stock with growing retail footprint.
Blue chips- had info...
Side note: Really like RWBYF (Red, White and Bloom)- hadn't mentioned that one before... Pot stock with growing retail footprint.
I hold it. I got in at .0001 and sold some on the runup to .0018 to say I made a profit. Letting the rest ride.LatinAggie1997 said:
HCMC
Penny stock.
Large volume (7B/ten day 13B)
Pending suit vs P. Morris
Co. has assets and patents
Obviously a lottery stock but what is your gut saying and what are some positive possibilities.
Float is absolutely massive. It does have some potentially dynamic catalysts.
Nice.
I was late, yet again, and bought in at .0015
Now, it is a long hold to see if anything interesting develops.
I was late, yet again, and bought in at .0015
Now, it is a long hold to see if anything interesting develops.
LatinAggie1997 said:
Nice.
I was late, yet again, and bought in at .0015
Now, it is a long hold to see if anything interesting develops.
There is certainly some very interesting stuff here. I've only been messing with OTC since mid December. I decided early January to try and get in on one super early. Got into a group message with some folks. It's been an interesting experiment, that's for sure.
This really could run to big $ for an OTC stock but like most. It needs some stars to align. From what I've gathered... need the company to do a major stock buyback then of course, need the PM case to settle big or be won outright. Very unlikely any of that happens.
Folks that have been in the OTC long... has it always been this way? It seems like some insane life changing money is being made by some folks on Twitter unless they are all real collectively good at photoshop.
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