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So true. I've been guilty of that too many times. Now I've just been sticking to playing promos. Although I am still in another trade that's about to close out for me.
I will probably continue to monitor the ticker board of the promo I'm playing while being on the ATA board.
There is still information to be gained, and I think it's educational to see how it's being pumped while listening to the wise on the ATA board to get the other view.
The last couple promos, I could easily discern between the hype and the truth. Not to mention easily pick out the paid pumpers.
Welcome texmen. I just came out of lurking myself yesterday. That's good advice about paper trading promos before actually trading them. I did that, but mostly because I was locked into a couple other plays.
Just watched and charted promos for a while before actually playing any.
I'll second that! That PR would definitely be one that would send this flying to .20 or higher!
Yep, that's what got me on the infamous SPNG crash, and I can think of a trade I let a lot of money fall right off the edge of the table with another play back in February of this year.
In fact, these days I tell myself to just take profits and stop dreaming of the instant retirement play, but still my calculator is less than a foot from my keyboard!
I just read your response and Carla's. So it's that damn calculator that's been costing me so much all this time! :)
Man, am I ever guilty of that one. Now every time I go for the calculator, I'll be thinking of this!
I couldn't agree more with you. There are different risk tolerances and experience levels.
You don't need to get in at the lowest low and sell at the highest high. You just need to end the trade green!
Thanks man!
Thanks, appreciate it!
Thanks! Great info here!
Funny though, because the last one restricted was the first APS play I came across. SNPK. They wouldn't let me buy it!
I've only had 2 penny stocks restricted in the 4 years I've had the account. And I've traded a ton of pennies.
TDAmeritrade ACH wires never come through until the next day. Then 3 days on non-marginable stocks.
I've considered opening an Etrade account. Sounds much quicker!
Thanks, I did go through it and found some new stuff and links I wasn't aware of.
Just thought I'd say howdy! Just came across this board a couple days ago and have been scanning the posts. Looks like a lot of friends and friendly chatter. And some good info on trading the promos.
Been charting a lot of promo newsletters myself for a while now and then came across the Promo Buyer site. Wow, some excellent info there. Much more thorough than what I was doing.
Played some of the other promos not on this board, but so far only played the APS GWBU play. Looking forward to the TBX promo next week!
Excellent explanation! Thanks.
The best thing about this latest PR is that it's by no means a "Fluff" PR. It names real, and well respected companies.
This should bring it up over .05 pretty soon here. I wouldn't be surprised to see a last minute run up and a HOD close today around .055.
Here you go. Here's the link! http://finance.yahoo.com/news/treaty-energy-contract-major-oil-133000394.html
We should hit the 05 today!
My TD Ameritrade account is showing it as a .043 close!
It sure did. We'll get it right back on Thursday's open!
Coming into the close now and back to it's current HOD. Can we close above .042 with a final buying spree?
Maybe .045?
Agreed. It just defeats the purpose if I wait too long and end up buying higher!
In fact, I got weak and slapped the ask at .04. All done buying now!
No more selling for me. I'm buying one last time on this dip below .04. Holding tight from here on now!
So much for the .051 holding up! Still looking for a HOD close today though!
The way things are moving with the shakeouts and new runups, I wouldn't be surprised to see a close at the HOD with a runup to it just before closing today.
And that will set the stage for another gap up and run tomorrow!
Are you looking for .10 today, or sometime this week?
Still in? Looks like they're done playing now.
I see they're not done shaking the tree yet. The ask is really thin now!
Yep, I never bought the news either, but I will play the bounce for what it's worth!
I'm not worried yet. It looks like the dip is almost done and should start moving up here. We'll see by the next few trades.
Looks like another round of profit taking, then the next leg up!
Yep, I would say the dip has just about come to an end for now.
That should be seen as very good, as it's just the opposite of dilution. But then, you have to believe it first! Pinkies say a lot of things they don't follow through on.
Still good news though and should attract more eyes and volume.
So, for all of you that say there is no pre or after market trading in the OTC market, explain the buy that just went through 8:14 for 10,000 shares @ .043.
There is and always has been pre and post market trading in the OTC for those with special accounts and brokers.
I was told by TDAmeritrade to put a buy in and see if it will go. Sometimes it does!
Because the boys running the show want to sell at it's highest price. And today will be it's highest price.
By the time the Rule 144 time limit runs out on the dividend certificates, this stock won't be anywhere near this high!
I'm feeling it right now. I flipped a few K of my shares yesterday to use for flipping a couple of other stocks on the move.
Now I've increased my buying power, just waiting for the dip.
Considering this most likely has 1 to 2 more weeks before things really start moving, there will be a profit taking day as it continues to move up, then I'm all over it, and will hold tight!
I'll venture to say that the volume will be higher than the last 3 days today. And that won't be because everyone getting in for the dividend, it will be the insiders and promoters selling off.
It's DUMP DAY today! Look out!
Nice little flip. Bought yesterday @ .67 and sold this morning for .825.
Better get out before the boys running the show start selling!
I bought bigger earlier in the promo, but jumped out with a small couple hundred profit next day. Too many red flags popping up.
I'll play small though just to see if something eventually pops. When and if it does though, I'll be out in a New York minute!