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My first advice to you would be: Do not invest in penny stocks, just trade them. No matter how good they sound, even if they have a cure for cancer, they are trading low for a reason. There is plenty of money to be made with them, but don't fall into the trap of reading too much about them and becoming a bag holder waiting for the day. Most of these companies have large outstanding and they keep getting larger because they dilute and some eventually reverse split. You will make more money if you buy up a bunch of shares and sell them on a couple of upticks. Don't be holding them. As far as sites, open up the Ibox of this board. Jimmy put a bunch of helpful sites in there. Here are a couple of others that may not be in the Ibox to help educate you:
http://www.sec.gov/answers/eadded.htm
http://www.learnaboutlaw.com/the-secs-streamlined-s-8-securities-registration-scheme-demystified
http://stockcharts.com/def/servlet/SC.scan
http://www.alphatrade.com/techSupport/marketMakers.html?page=a
http://www.finra.org/Investors/SmartInvesting/AdvancedInvesting/DayTrading/P005906
I am using TD Ameritrade for my stocks. Should I be using something else for penny stocks?
Also looking strongly at ZLUS. Can it miss as most of it is adult entertainment? I might not be into the adult entertainment industry as a whole but this is about making money.
Thanks in advance/
hey im new to the penny stock world, any advice on where to start.
if i can get some books or websites that would educate me that would be great. thanks
I use Choicetrade for the good majority of my trades and make sure I do enough trading in Etrade to qualify for their tools.
Thanks; I'll look into it. I'm on Choice Trade now and iHub as a subscriber, but if this tool saves me hours of research I will certainly pay for it.
This is what I use:
https://us.etrade.com/e/t/activetrading/strategyscanner
go to the tutorial and watch what it can do - it is pretty comprehensive
A RT scan would be nice, and I have that with my iHub subscription in a way. I'd just like to be able to range search and real time isn't a requirement. The 30-35 cents per share was merely an example. I'm still crying over spending 0.375 on SUF.
Thanks for the link; I'll give it a go.
Are you looking for a real time scan to find potential stocks that are under .35 a share? I use Strategy Scanner but it is through Etrade Pro and you have to make at least 30 shares per quarter to qualify. I don't know how many free scans are out there, but try this:
http://stockcharts.com/def/servlet/SC.scan
Gotcha; allow me to clarify:
By marketplace, I'd like to see a daily results listing with typical columns. Name;symbol;volume;open;close;etc... Say for instance, one were to build said spreadsheet in Excel, one could then sort that sheet by any header. I would like to find the same in real-time or at least EOD online so that I could sort by more than just the symbol, volume, %up/down, $up/down.
Make sense?
Basically, if I have $1000 and I would like to spend between $0.30 and $0.35/share, I'd like to find securities trading in that range and then use that list to do my DD.
I really don't understand what you are asking? allow you to sort by price both bid and ask - sort what?
Does anyone know of an online tool that will allow you to sort by price both bid and ask? I'd love for it to be live, but EOD results would be acceptable. I've not found anything of the sort, but my google may be broken. :(
If you are a beginner try Toni Turner's A Beginner's Guide to Short Term Trading - she has an easy to understand approach. But I would ask this person to direct you to the best tutorials:
http://investorshub.advfn.com/boards/profile.asp?user=3527
who happens to be one of the best ta guys but not too many people know him.
Hi,
I have a question and I think this is the right place to post it. If I want to start learning more about technical analysis where should I start from. Can anyone recommend me online tutorials or good books?
This is great information. I think i can learn a lot. Thanks all
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=42306206
That was the first time it happened to me. My broker, choicetrade, ended up waiving the fees for me. But, Etrade has stopped trading on any issues that the DTC has suspended. They actually allowed me to purchase these stocks and then pulled the plug on me and won't allow me to sell them. How they can legally do that is beyond me. I had asked choicetrade if they had a list and they said it changes often so they couldn't provide me with it. I do know that rvgd and ipwg are two I owned that I am in the process of transferring out of Etrade.
DTC question. I learned the hard way that some penny stock do not trade electronicly. DTC charges a fee for cirtifacates transfered to buyer. Is this so and if so where is the list of penny stock companies that do not trade electronicaly? Also, what brograge firm whould work with me on these type trades?
As long as you don't change the price or the amount of shares you only get charged one commission per day. If it only partially fills during the day and you go into a new trading day, most brokers will charge you a new commission for the new day. I have heard of some brokers who only charge on commission for the entire order, but I think they are few and far between.
i have a question...
if an investor places a GTC sell order (without AON) and it fills, but in 3 different days, does the investor get charged 3 commissions?
seems to me it is one order, no matter how many days it takes to fill, and should be charged only one commission.
You are looking for a lot in one program. I don't know other than what I use and it is Quicken.
nob question: best spreadsheet setup
Hi,
I am trying to figure out the best way to set up a excel sheet to track my portfolio, individual positions in it, and metrics. This seems like reinventing the wheel but I have had no luck finding an online service or even a ready made excel template to buy. It seems more likely to me I simply am looking in the wrong places, but no luck yet.
I am looking for things like this, (and assuming manual entry on most of the EPS numbers as I hold not just big board stocks, but things on the CGS board..)
Portfolio: live ticker updates via yahoo or other, overall annualized returns, benchmarks comparison, ability to add 401k funds manually, percent of total portfolio per position, churn rates, my expenses ratios, a page breakout for each position with entry of eps, float, revenue, margins, forward earnings estimates, etc, I plug in to establish target pps based on my DD research.
fyi: goggle, yahoo, smartmoney, financial times, stockalicious, etc are not what I am talking about. The closest thing I have found is: oldschoolvalue.com, but it will not run on a mac, have no idea why, and is based on only having to drop in a ticker, which is a bit too 'auto' for me.
I figure if I am going to be doing this for the next 30 years I might as well get the tools to track and evaluate, but I have a hard time believing I would need to build them from scratch.
Does anyone have a model to use, or even a place to buy something 'off the rack' and go from there? I am looking to use Excel or Numbers on a Mac, but even something to copy to build myself would be a start!
I know this is basic, I ask only after weeks of my own DD, thanks for your thoughts, hope this was the right place to ask.
kurt
DWN? I don't think you typed the right ticker.
Hello,
I'm about to start investing a little. I've been looking at yahoo finance and saw DWN, a food company in China. The yahoo analyst has ranked it a strong buy; I checked out the company's web site, got their '08 financial report (the '09 isn't available) and discovered they lost several million that year due to "controlling interests". Doesn't that indicate the management was making bad decisions? And if so, what reason could the analyst have for making a "strong buy" recommendation? Also, the stock's price last week was 10 cents, but the yahoo site says the "expected target" price is 4.70; how can they possibly make a prediction like that?
Thanks for any advice.
They are probably going pink.
hey cintrix, a question for you....
what exactly does this mean...it came out on the daily list today:
01/25/2010 13:02:10|D||MMPIQ||Meruelo Maddux Properties, Inc. Common Stock|01/26/2010|Form 15; Terminated Registration under the 34 Act; Added to NBB (MMPIQ)**|||U|Y|100|Y
are the common shares being deleted completely?
thanks so much for your time and insight!!!
Try these - they list the ones they can alert you on:
http://secfilings.com/?mode=new
http://www.atedgar.com/
Yeah they can get a market maker if approved, but when they are approved the pps usually goes up. You can search edgar by form type so i wanted to be able to search for companies that had submitted a 2 11. I figured i would be able to do some DD on them and have a good idea if they would get approved or not.
I don't think so. Why do u need to see it? 211 just gives them the ok to be quoted, no?
Is it possible to see 15(c) 2-11 forms through edgar? I dont think it is since edgar is SEC and the 15(c) 2-11 goes through FIRNA, but just wanted to ask and be sure.
Thanks
This forum isn't for help with stock picking. In regards to your "speculative" question - it is relative. What you might think is speculative I may not and vice versa. Are you an investor or are you a trader? An investor would be more interested in the stock's fundamentals. If you have a long time frame you would look into what you mentioned. For me, long term is anything more than a few days. I don't invest, I trade. I mainly play bounce plays so my criteria has nothing to do with good earnings or pe ratio, etc. I have a scan that I set with my own personal perimeters, such as specific exchanges, percentage down, under $5, etc. Sounds to me like you are young and have a long term horizon with your picks. Personally, I don't believe that just because a stock is under $10 makes it more volatile. I have lost loads of money on much more expensive stock in the past. Oh, and BTW, when I first started trading, I wanted to buy AAPL for around $6 and some brain surgeon on Silicon Investor talked me out of it. Told me that it was "under $10" and that Microsoft would eventually put them out of business. This of course was before the birth of the ipod. lol
well you are young so you can afford to invest into stocks that are more risk averse. Me personally i would invest in some speculative stocks but also include proven stocks on the big boards with dividend returns.
New investor, first picks
I just wanted a critique on these picks. I'm 23 just out of college and starting to invest. I have read tons about it so I am not completely uninformed. After sifting through companies while I saved up the money to start with, I have come up with the following four companies:
LLFH
CPBY
SORL
HQS (not sure on this because bad cash flow)
Still deciding on a fifth.
I wanted opinions, I think they are good picks, and diversified, but I am nervous they may be too speculative. I guess that brings me to my main question. Just because stocks are under $10 can you define them as speculative? After all, these have good P/E, revenue growth, low debt, etc. What do you all look at when decided if things are too speculative in your portfolios?
Trim Taxes by Boosting Retirement Savings
Max out your contributions while you can; limits won’t increase in 2010.
By Mary Beth Franklin, Senior Editor, Kiplinger's Personal
http://www.kiplinger.com/columns/taxtips/archive/trim-taxes-by-boosting-retirement-savings-.html
Despite a remarkable rebound in the stock market since last March, your 401(k) balance may still be a mere shadow of its former self. And it’s not just the colossal market crash that’s to blame. Overall, the past decade has been a real disappointment for investors. One of the best ways to fatten your nest egg while trimming your taxes is to max out your contributions to your retirement plan.
This year, you can contribute up to $16,500 to your 401(k) or other tax-deferred retirement accounts, such as a 403(b) for teachers and nurses, or a 457 plan for police officers and other local-government workers. That's $1,000 more than the 2008 limit. If you're 50 or older, you are allowed to put in an extra $5,500 in catch-up contributions, sheltering up to $22,000 of your salary from federal and state taxes this year (although you'll still be nicked for FICA taxes).
Tell your employer to adjust your remaining paychecks to boost your contribution if necessary. Or if you receive a year-end bonus (remember those?), ask whether you can defer some or all of it to your retirement account.
If you are self-employed or have a sideline business, you can stash away even more. And if you can’t come up with the cash just yet, don't worry. You won't have to fund your business retirement account until you file your tax return next spring.
If you are self-employed with no employees (other than your spouse), you can open a solo 401(k) plan and contribute up to $16,500, plus your business can kick in an additional 20% of your net self-employment income until the total pay-in for 2009 reaches $49,000. If you're 50 or older, you can fund an extra $5,500 in catch-up contributions for a total of $54,500 this year.
If you have a sideline business in addition to a job as an employee with a company 401(k), you can't double up on your 401(k) contributions. The same annual limit of $16,500 (plus $5,500 in catch-up contributions if you're 50 or older) applies whether you have one job or more. But you can contribute to a SEP IRA, stashing away up to 20% of your net self-employment income up to a maximum of $49,000 for 2009. SEP IRAs have no catch-up provisions for those 50 and older.
Tags:401(k) Plans
Topics:Tax Planning, Saving for Retirement
I don't think pinksheet companies have to.
stock is at .004. one other question. isn't a publicly traded company required by law to have yearly shareholder meetings?
Sounds like your typical penny stock. This is very common with otc's and pinks. That is why I highly suggest that you trade them and not invest in them. There is money to be made short term with a lot of them, but once you start getting interested in their story, and go long term, watch out. For every good penny stock that might have potential, there is probably ten times that amount that are like the one you have. What is the ticker of your stock? I'll take a look at it for you, and pm you - I know u r a free member and won't be able to reply but we don't like to discuss individual stocks on this thread so just post me the ticker and I will pm you.
yes it did dramaticly, this seems a sham to me. no notification, dillution to the point of worthlisness. to me this seems like being robed. what
No, no, no. You have that wrong. When a company increases its' authorized, the outstanding usually goes up too because they are issuing shares. That is not a good thing - it is dilution. The more diluted a stock, the harder for the price to go up. When a company raises their authorized or outstanding, that is not a dividend. You still own the same amount of shares of the company. Unless they split the shares, you would still own the same amount of shares and probably the way you describe it, the pps went down, no?
when i bought this stock the company had 100 million authorised shares, last year they increased it to 1.5 billion shares, now i found out that they increased to 3 billion. no yearly shareholder meetings for 3 years. i thought that if a public company increases its authorised shares that existing shareholders stake would be increased proportionly. am i wrong?
Huh? Not following u at all - are you talking about market cap or outstanding shares, and what do u mean should you be compensated?
i hold a large amount of stock in a certain company, when i bought this stock it was capatilized at 100,000,000 shares now it's at 3 billion cap. shouldn't i be compansated for this?
Very good, thanks as always.
Rook
J - Other acquisition or disposition
Don't know what it means in relation to your stock in question, but that is the definition of a J coded 4.
Greetings Cintrix, what does the "J" designation mean when an isider files a form 4?
specifically, SUNV filed a form 4 last week for 3m shares and indicated a J for type of transaction....
thanks as always,
Rook
You know for sure that the 400M was a sell?
So when you see a systematic sell off in blocks of 50K, then a big block of 400M as in the case of PRPM, is it time to worry or is there something else at work here?
You can actually purchase the other stock with the unsettled funds, but you can't sell them back until the three days clear. As Don mentioned, if you switch it to a margin account you don't have to wait for settlement, but you do have to be careful of daytrading rules if you have an account under 25k.
Your last trade was a $2,000.00 sale, which will settle in 3 days. Unless you trade with a margin account you must wait for settlement.
question: Waiting on settled funds?
I recenty sold a stock for $1,000 profit. ( I paid $1,000 and sold it for $2,000). I held the stock for 1 month.
Can I purchace another stock with $1,000(of the proceeds) and sell the next day or does the settled funds rule apply to the whole $2,000.
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