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Oh, sorry. I didn't know you meant to break out. I guess that would make sense, huh?
WHOA!!!!! Very nice!!!!!!!!!!! GM LB! GM ATM!!!
You're very welcome! Have a nice evening, too!
That's exactly right about margin. I don't use it, but many do. You could also think about buying less shares with the $100 capital and then hold for a longer-term investment and add to the position. You will find the niche that you are most comfortable with. Once you do, go with it.
I agree! You can't go wrong when you do the opposite!
I know!!!
I think so, too. I was just reading that some think it's going down to $20, but somehow I just don't think so.
It sure does. Thanks for introducing me to it.
I played FSLR last week. I love trading that stock!
I just about spit my drink on my computer screen!!! Love the pic!!!
Me too!!! Or an empanada!!!
I remember that too, LB!!! One of the best days ever!!! :)
Hi PLT. I know what you mean about being able to buy more pennies than big board stocks. It's all a matter of personal preference and risk tolerance. For example, if a penny stock has an ask price of $.0004 and you have $1,000 to invest, you could buy approximately 2.5 million shares. With that same $1,000, you could also buy 100 shares of a $10 stock. This is just my opinion, but there is a lot more risk involved and less room for error with the $.0004 penny stock than the $10 big board stock. But, again, it's all a mater of personal preference.
Shorting a stock means to borrow positions of a stock from a broker using a margin account, sell them, then buy the shares back after that stock's pps goes down to pay back the broker. The difference in price is the profit. You can also buy options contracts, called puts, to short a stock. Short sells are bearish on the market, believing that the pps will go down and money can be made by "shorting". Sell first, buy back later at a lower cost; buying low and selling higher but in reverse order. Shorting can be somewhat more aggressive than a long position because you can lose a good amount of money if the stock does not go down, but insetad goes up. You then have to "cover" your short position by buying at an even higher price. Have you ever heard the phrase "short squeeze"? When a stock's pps starts going up, the shorts scramble to cover and the pps subsequently can rocket up for a bit.
You're welcome. I started out by trading pennies and quickly found that it was like a snake pit. Once I figured out that the vast majority were pump and dumps and I was stuck with the "dump" part, I graduated to big boards. Slowly, and through lots of hard work, I have been able to enjoy gain after gain after gain. The folks here at ATM have played a huge part in my learning and are so very gracious. I'm not saying that I don't make bad plays, because I definitely do, but I cut my losses quickly and move on. If I do play a penny, I buy a bunch and get out quick. Never fall in love with a stock, but especially not a penny stock. Just my opinion, as always.
Hiya PTL! I can help answer about OTCQX, OTCQB, OTC Pink, etc.
OTCQX: The OTCQX tier includes both multinational companies seeking access to U.S. investors and domestic growth companies.To be traded on this tier, companies undergo a review by OTC Markets Group. Companies are not required to be registered with or reporting to the SEC, but must post financial information with OTC Markets Group. In addition, US companies must be ongoing operations (no shells, etc.) and may not be in bankruptcy, while foreign issuers must meet the requirements of qualified Non-US exchanges. Additional oversight of OTCQX securities is provided by requiring every issuer to be sponsored by approved third-party investment banks or law firms.
OTCQB: OTCQB companies must be registered with and reporting to the SEC or a U.S. regulatory agency. There are no financial or qualitative standards to be in this tier.
OTC Pink: An open marketplace that has no financial standards or reporting requirements. The stock of companies in the OTC Pink tier are not required to be registered with the SEC. Companies in this category are further categorized by the level and timeliness of information they provide to investors and may have current, limited, or no public disclosure.
OTC Pink Current Information: Companies that have submitted information no older than six months to the OTC Markets data and news service or have made a filing on the SEC's EDGAR system in the previous six months are rated as having current information. This category includes shell companies or development-stage companies with little or no operations, as well as companies without audited financial statements.
OTC Pink Limited Information: Companies that are unwilling or unable to meet OTC Markets' Guidelines for Providing Adequate Current Information, but have submitted some but not all of current information required, are rated as having limited information. These are often companies with financial reporting problems, economic distress, or in bankruptcy.
OTC Pink No Information: This tier indicates companies that are unwilling or unable to provide disclosure to the public markets. Companies in this category do not make current information available via OTC Markets disclosure and news service, or if they do, the available information is older than six months. This category includes defunct companies that have ceased operations, as well as 'dark' companies with questionable management and market disclosure practices. Securities of publicly traded companies that are not willing to provide information to investors are considered highly risky.
Caveat emptor - buyer beware: There is a public interest concern associated with the company. This may include a spam campaign, stock promotion, or known investigation of fraudulent activity committed by the company or insiders. During a spam campaign, any stock that is not in the Current Information category will also have its quotes blocked on otcmarkets.com.
OTCBB: The OTC Bulletin Board is a listing of securities that are also traded "over the counter" similar to the OTC Markets. OTCBB companies are required to file timely reports to a US regulatory agency.
Take care, AD!
:D You have me laughing!
It sure does!!! Way to go!!! :)
I did!!! Yeeehawwwwwwwww!!!! Or should I say Mush????? :)
Hiya, AD!!!
Of course!!!
Get out the spaghetti!!!
Okay, I concede to that one (I think).
Grrrrrrr!!!!!!! That's funny about the patterns, but at least you can find them!!!!!!! Just sayin'.
GM DA. Moi?????
perfectionist [per-fek-shuh-nist]
— n
1. a person who strives for or demands the highest standards of excellence in work, etc
2. a person who believes the doctrine of perfectionism
— adj
3. of or relating to perfectionism
Thanks for the explanation about the bull/bear market. It makes perfect sense.
GM LB! GM ATM!
Thanks, bull.
Right. I was just confused on the graph you showed. Thanks for sharing.
Thanks, bull. I think the drop will be hard, too. It will be interesting to watch your projection. :)
Thanks for the chart, bull. Sorry if this is obvious, but how did you know where to put the peaks of those triangles for the last two?
I have tons of those moments daily. :) Yeah, I was in for earnings and then got out for now.
If my memory serves me correctly, they were last Tuesday. I'm old, though, so you never know.
Hiya LB! It sure looks like it's going to touch $9. But weren't their earnings last week?
Haha! Hi, ptd! Good luck on your play!
Grrrr!!! So why didn't I see that pattern in October? I think I am pattern-blind on stock charts. As soon as you said it about October, I smacked myself on the forehead. Big DUH for me!
Thanks. I hope it bypasses that October 22 ugly if it's repeating the pattern. :) So, is the $5 bet on?
$5 says up! ;)