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After all the news headlines yesterday, I thought we'd see a lot more interest than we have. We've been kind of stagnant price-wise since mid-day yesterday.
Thanks GYMYRAT! Insiteful. Not a bad day today at all. Strange how we shot out of the gate and then kind of froze.... Hope they don't go back and fill that gap for a while! Based on history - should we sell at open and buy back in for 2.04 two hours later!?!?!?!!
I wonder if we'll see $2.50 today - or $3.00 this week?
OR: with 7 headlines this morning - will we see $1.75?!?!?! Just Kidding - but every time the talking heads raising their optimism for our share price - we seem to go south.....
Has anyone read the Annual Report yet? If so - what do you think of it?
I have to leave for a meeting shortly.
Thanks,
Steve
Nice to see us up almost 5% today!
Boy this little sucker drops from .002 to .0014 before you can yell "Oh Sh_t"! Hopefully it will keep bouncing up just as quickly - and then take off! It was .0014 when I started typing this - now .0017 and 6 MM's between .0014 and .0016 on Bid now. I guess this is what they mean by "Shaking the Trees" when the MM's want shares?
Good Luck to us all!
News makes this thing drop? Weird.
It's just about there now!
I bought into this P&D at .30! So I need LOTS of OTC Reporter PUMPS to get out of this.
I used to be able to pick the runners - lately I've hit dog-poop.
Good Luck to you all!
I've blown my ballz here IF I sold now - I bought a bunch at .0051 last week. But I'm a big boy - and if I lose - it SURE HURTS, but I did it. It's PENNYLAND ! Big Boards aren't doing much better.
I'd rather lose it all than sell at 50% loss (and my account sure shows it - I can pick 'em (except the last few) but can never get the "SELL" point quite right. It's my 'gambling money' - and won't keep food off the table... REMEMBER - If you CAN'T afford to LOSE it ALL - Don't Play.
I have my sells in for half at .012 (free shares after - lowered from .02) 25% at .03 and 25% at .04 -
Why do SOME here seem hell bent on hurting people?
Why can't we all be friendly and hope to make money together?
Opinions backed by FACTS are WELCOME! But people just spouting off that "We'll be at .05 next week" or "This CO. CEO is a FRAUD and will do a RS or steal your money" WITHOUT ANY BASIS - is CRAZY!!!
I can remember reading about 200 posts on a certain stock on RB about 8-9 years ago - those people were nasty and vile and I believe they REALLY (in their weird heads anyway) wanted to whack anyone who didn't agree with them. They were OBSCENE. You should have read the references made - SUPPOSEDLY by WOMEN - about what the men could do to their body parts) !!
Hope that doesn't happen here - HOPE we ALL make BIG BUCKS!
GOOD LUCK to EACH and EVERY one of you....
PEACE! and have a GREAT weekend...I'm going up to Cape Canaveral and HOPEFULLY - if no bad weather - see one of the last SHUTTLE LAUNCHES !!! NEVER have seen one close.
Steve
yeah but it might hit 850-800 soon the way things are going - U.S. won't let the dollars become totally worthless....
Oh crap - does that mean we drop big tomorrow?? LOL - but NOT funny as we usually go way down when the 'brainiacs' say up!
What other gold stocks do you have/like? I have AGT and sold CGLD recently and may buy back into it tomorrow or Thursday if it drops to .52-ish
Good Luck
I SHOULD be playing both sides but I blew it:
Repost of my post from last Tuesday - same old - same old:
"We're dropping like a rock - any idea why? I can't BELIEVE I cancelled my sell order last week for $2.40 when it hit $2.38 - and raised it to $2.50. I've done this so many times I should have finally learned. I could have ended up picking up a bunch of FREE shares with THEIR money for a change if I had stuck with my gut. Errrrr. Oh well - good luck gang. I knew we were in trouble when they kept raising the target price to $3.50"!
I agree: WHY are we going down and WHY are there so few MMs on this stock? I thought it would have flown to near a penny at open; then pulled back between 10-10:15am, then fown into lunchtime???
I can't agree with the fellow who said it will take a few days to go up a lot because it's not pushed by ihub. When the news hit the wire - it's available everywhere....
Any opinions? Thanks and Good Luck to us all.....
Scotia raises us and we tank - this is getting a little too repetitive. I should jst set sells I'm happy with and not look until Fall! Good Luck.
No - I spent the rest of my money on something else yesterday. I have about 8 different stocks now - waiting for them to do what they SHOULD!!! Have a happy 4th. I'm still kicking myself for raising my sell from 2.40 to 2.50 last week, when we closed at 2.38 and went to 2.45 the next morning....I could have picked up about 500 free shares buying back in yesterday/today..... Oh well....
I hope that means good things - I got in for a bunch today at .0051 and it IMMEDIATELY dropped to .004. Glad it recovered somewhat - but I'm still down a few hundred on the promise/hopes of a PR.....
We're dropping like a rock - any idea why? I can't BELIEVE I cancelled my sell order last week for $2.40 when it hit $2.38 - and raised it to $2.50. I've done this so many times I should have finally learned. I could have ended up picking up a bunch of FREE shares with THEIR money for a change if I had stuck with my gut. Errrrr. Oh well - good luck gang. I knew we were in trouble when they kept raising the target price!
Hope today's even better than yesterday! Good Luck Gang!
Did any of you see Motley Fool picked NXG under "the next million dollar penny stock"??? (READ ALL)
The Next Million-Dollar Penny Stock
By Tim Beyers
June 15, 2009 | Comments (0)
Recs
5 Penny stocks can make you rich. Need proof? Every one of these multibaggers was once a penny stock:
Company
Recent Price
CAPS Rating
(out of five)
5-Year Return
American Oriental Bioengineering (NYSE: AOB)
$4.96
*****
110%
LMI Aerospace (Nasdaq: LMIA)
$10.48
****
759%
GeoResources (Nasdaq: GEOI)
$10.67
****
465%
American Dairy (NYSE: ADY)
$42.30
***
1,310%
Green Mountain Coffee Roasters (Nasdaq: GMCR)
$60.43
*
1,296%
Sources: Motley Fool CAPS, Yahoo! Finance.
The promise of outrageous returns has periodically made even the world's best stock pickers penny stock investors. Peter Lynch has enjoyed the stock market's super-cheap seats in the past, and still does on occasion. The Royce Low-Priced Stock fund has beaten the market for a decade by betting on stocks trading near or below $10 a share, including TradeStation (Nasdaq: TRAD).
Even the All-Stars in our 135,000-plus Motley Fool CAPS community take to penny stocks. More than a few have been richly rewarded.
Pennies from heaven
So why not invest in penny stocks? Well, the warning the SEC issued about them provides one excellent reason to steer clear. But what if we take the agency's definition literally, and limit our choices to stocks trading between $1.50 and $5 a share? And what if we further seek only four- and five-star stocks with a market cap between $250 million and $2 billion? Surely our CAPS screener would return some winners, right?
When I ran that screen this week, 51 stocks made the cut -- not including our last topper, Orthovita.
My favorite penny stock this week is Northgate Minerals (AMEX: NXG), a copper and gold miner that our CAPS community mostly loves:
Metric
Northgate Minerals
CAPS rating (out of five)
****
Total ratings
1,442
Percent Bulls
96.8%
Percent Bears
3.2%
Bullish pitches
213 out of 215
Data current as of June 15, 2009.
Bullish investors find Northgate's valuation most enticing. As CAPS All-Star goldminingXpert wrote in a pitch last month:
Reloading at 20% cheaper than my last pick as it outperformed the S&P but still declined. This stock is worth $4 to $7 if you value it on the same metrics as other mid-tier gold producers are valued with. I own this stock -- have owned it since I first purchased at $3 and tripled down at $0.98.
Analysts would appear to agree. Northgate trades for 14 times forward earnings, a fraction of the 46% average annual income growth the Street expects this company to achieve over the next five years. Color me intrigued.
But that's just my opinion -- I'm more interested to know what you think. Would you buy Northgate Minerals at today's prices? Let us know by signing up for CAPS today. It's 100% free to participate.
Think we'll hit $2.50 or more during this steady climb?
Holding steady at 2.16-2.17 all day so far! I had to go out when it had pulled back to 2.13 and didn't know if I'd come home to $1.80 or $2.30!
NYBob - What other gold/mining stocks do you have/like? Do you like platinum/silver/copper at this time? Do you play the Indexes? Thanks in advance for your reply!
Good Luck to us all -
Steve in FL
What other Gold/Mining stocks do you all have/like? Thanks
Yours and mine filled! I bought more at $1.85 and $1.86 yesterday and today to avg. down to $1.98 after getting back in 2 weeks ago. We hit $2.05 at close - but it dropped to $2.03 for official close I guess. Hope it continues in the morning! When they raised the target again - for the 2nd time in days - I figured it'd crash, along with the price per ounce and the entire market yesterday! No time to get too bored here lately. Good luck.
Upbeat - I was just thinking the same thing myself. I live in Coral Springs. I wonder if we can get in without being cops. I think it's at the Broward COunty COnvention Center. Where do you live?
Don't I wish - I got in at .30 last week for a bunch....THEN got KILLED holding Eddie Bauer....Ewwww and dumped for a HUGE loss - over $2400.
Good luck to us here!
I got out at .25 - couldn't get out at .30 - crap; now .21
Any of you ever play a bankruptcy? Would you buy back in below .10?
Thanks for your opinions...
BANKRUPTCY - we're in the .20 - oh CRAP. Never thought it would happen THIS soon.....
Hope it makes this pig rise again! Last one moved it further down. Guess they need 5 newletters touting at once! Good Luck.
I hope you're right! Good Luck!
Nice close today !
Once we bust through .74, anyone think we'll hit $1.00? I also have NXG (dropped from today's high of $2.42 to $2.12 before closing at $2.16) and AGT, which also dropped from .46 to .43 today. Wonder what's going on? Good Luck to us all.
Why the large drop - almost 14% off high of $2.42 - today? It allowed me to buy back in at $2.15; but didn't see ANYTHING bad...... .30 drop down to $2.12 was big, imho.
you did better than me. I added 2,000 more but at .45; time to go back up over .50!
Thank you Chuck! May this sucker rise 50% tomorrow! HAHA - Hey -this was pumped and dumped like a sub-penny. I was surprised. Even NXG tanked from $2.42 to $2.12 today. I got back into that one at $2.15 You never know with these stocks.
Come on "Newsletters" - Pump this pig back to .30! Where the BS NEWS when ya really need it! ( I know where it is - NITE is hiding it in his back pocket! LOL - but NOT funny!)
This P&D crashed FASTER than GM .30 to .18 in 28 min. I wonder if that's a record for a penny that was touted in 4 or 5 "Newsletters"? I knew I should have gotten out yesterday - I just need to leaarn how to play the game and stick to the rules. Making $200 would have been better than losing $600
I got in yesterday at .30. I was not at computer for the morning spike. Now I think I just want out. L2 sure looks like it's going to go back into low .20's. I thought it was going to hit .40 first - my mistake - as usual! Good Luck.
I tried to get another 2000 at .45 but never got filled. Hey - I'd RATHER it go WAY up the other way!
Maybe I'm crazy - but I bought another 2000 at .46 to bring my avg. down to .555. I think the potential reward is well worth the risk, jmho. Good Luck to all!
Surf - did this really hit .048 this morning or was it an error? I've been online since opening bell and never saw ask above .035....