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| Moderator Lex_Luthor | |||
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I'm her hero because I promised I'd get one of THESE.
The Fastest ( 253 MPH ), the Most Expensive ( $1,700,000.00 ) car in the World! - And I NEED ONE!
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The Bugatti Veyron Video:
PART 1 http://www.youtube.com/watch?v=4XAYQ8ifT8M
PART 2 http://www.youtube.com/watch?v=UJhMW4YM3tU
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The following stocks will be my picks to get me a Bugatti; they will be under a penny, for now:
But before I can do this I have to remember this:
20 GOLDEN RULES FOR TRADERS
(from Penny Runners)
1. Forget the news, remember the chart. You're not smart enough to know how news will affect price. The chart already knows the news is coming.
2. Buy the first pullback from a new high. Sell the first pullback from a new low. There's always a crowd that missed the first boat.
3. Buy at support, sell at resistance. Everyone sees the same thing and they're all just waiting to jump in the pool.
4. Short rallies not selloffs. When markets drop, shorts finally turn a profit and get ready to cover.
5. Don't buy up into a major moving average or sell down into one. See #3.
6. Don't chase momentum if you can't find the exit. Assume the market will reverse the minute you get in. If it's a long way to the door, you're in big trouble.
7. Exhaustion gaps get filled. Breakaway and continuation gaps don't. The old traders' wisdom is a lie. Trade in the direction of gap support whenever you can.
8. Trends test the point of last support/resistance. Enter here even if it hurts.
9. Trade with the TICK not against it. Don't be a hero. Go with the money flow.
10. If you have to look, it isn't there. Forget your college degree and trust your instincts.
11. Sell the second high, buy the second low. After sharp pullbacks, the first test of any high or low always runs into resistance. Look for the break on the third or fourth try.
12. The trend is your friend in the last hour. As volume cranks up at 3:00pm don't expect anyone to change the channel.
13. Avoid the open. They see YOU coming sucker
14. 1-2-3-Drop-Up. Look for downtrends to reverse after a top, two lower highs and a double bottom.
15. Bulls live above the 200 day, bears live below. Sellers eat up rallies below this key moving average line and buyers to come to the rescue above it.
16. Price has memory. What did price do the last time it hit a certain level? Chances are it will do it again.
17. Big volume kills moves. Climax blow-offs take both buyers and sellers out of the market and lead to sideways action.
18. Trends never turn on a dime. Reversals build slowly. The first sharp dip always finds buyers and the first sharp rise always finds sellers.
19. Bottoms take longer to form than tops. Greed acts more quickly than fear and causes stocks to drop from their own weight.
20. Beat the crowd in and out the door. You have to take their money before they take yours, period.
DIVIDENDS AND PENNY STOCK DIVIDENDS
Forget about them: it's BS. Dump it!
Avoiding Dilution.
USE Level 2!!!
How to play a penny stock or micro cap stock near its bottom. You will come across a lot of stocks at or near their bottoms when trading penny stocks, here are some tips for timing your purchase correctly.
Once you have found a stock you like,take a look at its 52-week high and its 52-week low. This will give you the stock’s trading range for the year. When a stock is trading near its 52-week low it has a better chance of moving upward in the trading range. When at a 52-week high, some traders may feel its to risky to purchase and will wait until there is a retrace in price. This is a general rule for the majority of penny stocks that trade within a range. There are some obvious exceptions, such as great news causing a penny stock to continually make new 52-week highs.
When a stock you like is near or at its 52-week low, you must investigate why. Search for any S-8’s, SB-2’s, or an increase in the amount of operating shares. These filings are dilution, the company will have added shares to the market causing an increase in supply and a price drop. If these filings are not present and there is no reason for the stock to have dropped this low, then it may be a good time to invest.
You should have a good reason why you like the stock before purchasing. Some major things to keep an eye on are stocks in very strong markets. Currently gold and oil stocks are strong, therefore finding undervalued gold and oil penny stocks is a good idea. Another of my favorites is finding a penny stock with an innovative product, these types of products can garner national media attention and often will draw the interest of other big companies in that field.
Ideally, you want to find a company that has increasing revenues and a lot of valuable assets. These types of companies are hard to find and you must investigate thoroughly. Often you must assume they will generate revenues in the future. Look at the amount of shares the insiders are holding: is there a small float with a large amount of insider ownership? This would be a sign that the insiders think that their shares will be very valuable in the future. At times you will also find that institutions are holding a percentage of shares, which would also be a good sign.
Using a stock screener you will be able to generate lists of stocks with institutional holders, insider buying, small floats, and strong revenues. After you generate these lists, separate them by their fields, such as technology, oil, or gold. Find the companies that interest you most in the strongest of fields and begin to read the filings. You will be able to dismiss some companies almost immediately. Keep narrowing down your search until you have a handful of companies into which you are willing to invest your hard earned money.
If you have done your research correctly, the company should continue to grow in value and in time other investors will realize the potential and the price of the stock will continue to rise.
By Keith Guyette M.Ed, J.D
SYMBOL CODES:: Attached to the Symbol
A - Class "A"
B - Class "B"
C - Continuance - or Nasdaq exception
D - New issue
E - Delinquent SEC filings
F - Foreign
Q - In bankruptcy
R - Rights
S - Shares of beneficial interest
J - Voting share -
V - Pending issue and distribution
W - Warrants
Z - Miscellaneous situations
----------------------------------------------
a = acquisition
b = bunched trade - average price
c = cash trade
d = distribution
e = automatic execution
g = bunched sold trade - opening/reopening trade detail
h = intraday trade detail
i = basket index on close transaction
j = rule 127 trade
k = rule 155 trade
l = sold last
n= next day
o = opened
p = prior reference price
r = seller
s = split trade
t = form t trade - pre/post market trade
u = extended hours trade - reported late or out of sequence
w = average price trade
y = yellow flagged regular trade
z = sold - out of sequence
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Russian pic's:
Iryna says my commrades rip you off:
Russian STOCK picks:
AURC
GBDX
You will find that this board will recommend other Boards from time to time and links to items of interest. But this will not be a library: there are plenty of EXCELLENT boards here for that. This place is just for picking stocks that you believe (not hope) or think will go up because you own the dog; stocks that you believe in that you should be in. Many of us know that sometimes we think better outside the box and maybe that will help here.
The point is to make money, have a little fun, and make more money for retirement or whatever. So start picking.
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Thanksgiving Day ** November 22, 2007 **
Christmas Day ** December 25, 2007 **
Early Closings
** The NYSE and NASDAQ will close trading early (at 1:00 PM ET) on Friday November 23rd (the day after Thanksgiving) and Monday, December 24, 2007.
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2008 - Stock Market Holidays
All Major US Stock Exchanges Date
New Year's Day January 1, 2008
Martin Luther King, Jr. Day January 21, 2008
Washington's Birthday (Presidents' Day) February 18, 2008
Good Friday March 21, 2008
Memorial Day May 26, 2008
Independence Day *** July 4, 2008 ***
Labor Day September 1, 2008
Thanksgiving Day *** November 27, 2008 ***
Christmas Day *** December 25, 2008 ***
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On Feb 15 , penny stocks can longer dilute at will.
They either need to start reporting or hold onto issued stock for one year
http://www.sec.gov/rules/final/2007/33-8869.pdf
Thus, under the amendments that we are adopting, Rule 144 is available for the resale of restricted or unrestricted securities that were initially issued by a reporting or non-reporting shell company or an issuer that has been at any time previously a reporting or non-reporting shell company, only if the following conditions are met:
* The issuer of the securities that was formerly a reporting or non-reporting shell company has ceased to be a shell company;
* The issuer of the securities is subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act;
* The issuer of the securities has filed all reports and material required to be filed under Section 13 or 15(d) of the Exchange Act, as applicable, during the preceding 12 months (or for such shorter period that the issuer was required to file such reports and materials), other than Form 8-K reports (§249.308 of this chapter); and
* At least one year has elapsed from the time that the issuer filed current Form 10 type information with the Commission reflecting its status as an entity that is not a shell company.
