Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Yeah, like I said, I wish I had more money to play with.
I'm ready for another round of legalization news to send a few of my holdings running up so I can actually cash in on something. Right now I'm sort of maxed out on buying potential until I actually turn a profit by cashing out somewhere. I'm new enough to this that I've yet to really cash in on a major winner. I've made a couple decent trades for a smaller profit here and there.
One or two significant gainers to more than cover the losses of the other losers I'm holding would be nice.
Just got an additional 10k shares @ .0305. Wish I had more money to play with. This buy averages down my negative position on this one from where I bought in quite awhile ago.
I'm going to need one of my penny stocks to make a run I can cash in on before I can buy much of anything else.
I wish I'd found investorshub before I jumped in on some of the penny stocks I bought. The company profiles and comments people leave about the companies are good information to have before diving in.
... Also, fundamentals aside, stock prices in this market rise and fall as much on the news as on anything else. A crap company might still enjoy a surge. A perfectly decent company with sound fundamentals might not surge in price at all. Stock price isn't directly tethered to the company's fundamentals. You can give yourself an ulcer worrying over it all, or you can buy the ticket and take the ride.
Here's the way I look at it. At this price if I risk roughly $300 on 200k shares and it goes nowhere then I'm out a whopping $300. But if come January when Cali goes fully legal this stock gets a bump up to 10 cents a share then I might cash out with $20k. Surge to 20 cents makes for $40k. Maybe that's crazy optimistic, but this is a totally uncharted brand new marketplace and we've already seen similar price surges with other stocks in this area many times before. Even a less insanely optimistic surge to 1 cent gives me a ROI of 600% if I get spooked and cash out early. You can sweat the deets on these companies all day long, but in the end if you're that worried about the fundamentals you probably shouldn't be in penny marijuana stocks. I don't invest anything in these companies that I'm not willing to lose on a gamble. Because basically that's what this is. You're betting it will go up far enough and for long enough that you can cash out at the higher price.
What do the margin requirements for this mean?
I think my bid was too low. Although I've put in super low bids on a GTC basis before and never seen the overbought/oversold warning before, so I'm not sure why I saw it now. I bid at the ask, but meanwhile it changed.
Nevermind. Slapped the Ask and got the order in at .004.
Tried to buy some of this and got a message that doing so would cause an overbought/oversold issue with my account. What does that mean exactly? I wasn't trying to buy in an amount larger than the funds I showed available for trading.
Yeah, I don't expect it overnight. Wouldn't mind, but certainly don't expect it. I'm not holding enough of it to cash in like that unless it's the next Amazon anyway. And I'm not totally delusional, so it's not like I'm drafting blueprints for the mansion just yet.
I'm pretty new to all this, so if SGBY turns out to be a winner down the road I'll count it as pretty much dumb luck that I managed to ride the wave. Wish I had known about these forums on the front end of a few of my stock buys. Any profit I make here will be offsetting losses I'm sitting on for two or three other micro-investments.
The way you guys talk about SGBY we're all going to be millionaires any day now. The bulk of what I'm holding I bought at .0206 so it'll be a little while still before it's actually making any money for me. But I much prefer the positive comments I am reading here to the forums where the company is called a loser and a POS over and over.
I take a long view on anything I buy. If it loses value I don't mind holding it to see if it comes back up again, and these cannabis stocks seem to peak with the news cycle. So I've just sat on it and waited.
Wish I had more of it for all the upbeat posts I'm reading here.
Bought into this when it was higher, so I've got some lost ground to make up before I'm in positive territory, but I just bought a bit more.
The vast majority of my meager retirement is wrapped up in far less exotic investments. I have a tiny bit of play money I have been experimenting with in the penny stocks. So far I've picked more losers than winners, but I don't mind holding onto the losers for awhile to see if they turn around. And I've cashed in on a couple of short term gainers when I decided I was tired of holding onto them.
The only time you actually lose money is if the company goes out of business or you sell for less than you paid. That's my general philosophy. Maybe not the most exciting investment strategy, but there it is.
Yeah. Live and learn.
I think the "joke stock of the year" title should maybe go to FBEC Worldwide.
I already bought a chunk at .0016. I figure I can wait and see on the rest and maybe save a few bucks.
So if it dips to .0014 will my order still fill at .0015 provided a seller comes along?
So if I put a buy order in for .0015 and the stock has been sitting there for the last hour or so, why hasn't my order filled? Just nobody willing to sell at that price?
Why does my stock trading software tell me "opening transactions for this security must be placed with a broker"? First time I've ever run across that.
Even if I was able to unload what I have at .0002 I would still manage to make a little something on the deal, so I'll just sit on it and hope they goose it back to life long enough for me to sell someday. If it ever climbed to .01 I'd make some real money. Well, real by my standards. I took the risk on the cheap shares thinking that since it hit .05 last year, if it did it again I'd be all set to cash in. The trick will be finding somebody willing to buy.
Oh look, he hired a band with my money.
Well that sucks for me then. But on the up-side, if the stock ever twitches back to life long enough for me to offload my holdings I'll turn a profit. Maybe not a big one. But at least I wouldn't take a loss. Have to be able to sell the damn thing first though.
Well, the company might be crap, but Jeffery Greene (or somebody posing as him and using his photo) still personally responds to email inquiries. "I can appreciate your concern about the company we have just relaunched our new product which is being very positively accepted in the marketplace and as we said before we are in the process of negotiating with major national Distributors to carry our product they should be an update of the status of that within the next few weeks"