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That's a good synonym for pennie's, slot machines!
Thanks! LOL, sounds good to me!
To be honest I would avoid penny stocks. I use to do penny stocks back in the day but have mostly stopped. Occasionally I'll play one every now and then but treat it as a complete gamble and ONLY put in an amount of money you are ok with COMPLETELY losing. The only reason they jump up that high so fast is because of PP's the company does or massive pumping so the ones who are already in can make a big/quick profit and then dump on the ones who just entered (like yourself) who are wanting to buy (AKA p/d: pump and dump). I wouldnt recommend it but if you do see something you think is worthy, put a few hundred and see if you get lucky but take in account that you may lose half of that in one day if you don't pick a winner. Another word of advice, do your DD (MAJOR role in penny stocks), some are complete garbage. If you rely on Penny Stock Alerts, def. do your DD because half the time they list accomplishments about the company are things they've done weeks or even months ago so that bounce has already happened leaving you to believe that it's going to happen. One last thing, penny stocks are about insiders, they buy and dump in massive quantities. You will not be able to tell where it'll be going. Like I stated earlier, it's a complete gamble and only play with an amount you are willing to completely lose.
I dont have to wait for funds to clear. Get a margin account, everything is so much nicer. I buy and sell left and right and never have to wait for a single settlement period. Waiting around for those 3 days wastes time when you could be grabbing more stock!
As far as listening to others, we are all here to help one another to succeed and make money; but in the end you are the one who pushes the buttons on your computer. If you believe a member is calling wrong shots all the time then simply don't take the members statements seriously. The person may be a basher or someone who wants to drive down the price to buy in cheaper. I for one, am trying to help others out and am also open to others opinions. Just keep your eyes and ears open and think about the majority in most cases. If everyone is saying good things it's most likely the truth, if theres the few that have wrong/bad things to say it's normally junk that can be thrown into the recycle bin.
Def. agree, currently up .08 (4.85%) in AH! There was a nice amount of buying volume right before close as well. Tomorrow should be a great day for CLWR! I'm glad I jumped on this stock today.
Good point!
I see it dipping before EOD. I'm deciding whether I should buy more at the dip or just sit on what I have for the moment and see how it opens tomorrow.
Intraday charts show it's extremely overbought. Check F-STO chart, very top heavy.
I know I missed it. I already have enough shares but thought I could grab some more at a dip but that one has passed. If another one happens again then I'll jump on it.
Waiting for the dip before I add any more shares to the boat.
Take some of your profits and buy back in. I wouldn't do a stop loss on any stock because there will always be dips that will potentially execute your order and then your at a disadvantage if it rises again. I would only recommend doing a stop loss if you aren't routinely looking at the movement of your stock.
That aside, Sprint has been a strong stock over these last couple days and I don't see anything pointing in the direction that it will be moving downward. I have loaded the boat on this one and it should continue to be a great ride.
I'll be picking up even more tomorrow! I've loaded the boat on this one these last couple days! This is for sure pushing over $3 by EOW like I stated yesterday. Great day today for all S investors!
Oh ok! Got you, understand what you were meaning now. Thanks for that link!
I looked through several articles and meeting reports and almost all of them stated that all 17 countries have to agree to push the fund through. I never rely on one source as it could be wrong. The consensus of the articles and reports I read is what I believe and that is what has been stated numerous times.
That is not correct. From what I understand ALL 17 countries have to agree; the bailout plans need to run a gauntlet of votes in 17 separate European parliaments. EU rules: Expanding the fund requires the approval of all 17 countries that use the euro.
I should have waited for the dip! I bought more in the decline after the high at the open. Didn't think it would dip more than what I bought at but it did.
Agreed. It's a bargain at the current price and if it continues to perform as it did today we will see $3 by EOW.
Not good news! Read: NEW YORK (AP) -- One of Wall Street's quietest days in months ended mixed after investors spent the day waiting to see if Slovakia would block an expansion of Europe's financial rescue program.
Slovakia's decision came after U.S. stock markets closed. That country's parliament rejected a bill to strengthen the powers of a regional rescue fund. The sixteen other countries that use the euro have already signed off on the bill, but the measure requires unanimous support.
There are ways around Slovakia's opposition, but the move temporarily sets back efforts to address Europe's debt jam, which has been the most important issue for financial markets for months. Investors worry that if Europe doesn't contain its debt crisis, a default by the Greek government could deliver a devastating blow to European banks and cause them to freeze up lending.
The Dow Jones industrial average ended down 17 points after moving between small gains and losses throughout the day. The index traded within a range of only 82 points, the narrowest since July 20. The relatively tepid trading came a day after the Dow surged 330 points, its largest increase since Aug. 11.
During Slovakia's 10-hour debate, European Central Bank head Jean-Claude Trichet warned that countries needed to act urgently to stem what he called a "systemic" crisis that threatened global financial stability.
"I think markets want to say `who cares about Slovakia,' but the reality is every little country has to agree," said Randy Warren, investment strategist at Exton, Pa.-based firm Warren Financial Service.
Greece has been on the brink of defaulting on its debt for months. If that happens, it would hurt European and U.S. banks by decimating the value of Greek government bonds they own. Those banks would then be less likely to lend to each other and to businesses. That could plug up an already weak global economy, with implications for everything from bank stocks to international trade.
The Dow lost 16.88 points, or 0.1 percent, to close at 11,416.3. The Standard & Poor's 500 index rose 0.65 point, or 0.1 percent, to 1,195.54 The Nasdaq composite rose 16.98, or 0.7 percent, to 2,583.03.
Aluminum maker Alcoa Inc. plunged 5.6 percent in after-hours trading after reported that its earnings slumped from the previous quarter, suggesting demand from Europe has slowed.
Markets have been swinging wildly since early August, when Europe's economy suddenly seemed closer to the brink of collapse.
Moves of more than 100 points for the Dow have become commonplace as traders react swiftly to every whiff of news coming out of Europe. The S&P 500 is up 8.8 percent since last Tuesday, when it traded 20 percent below its April peak. Had the S&P closed at that level, it would have put the index into what analysts call a bear market. The index is still down 5.1 percent for the year.
Many market watchers think the volatility will continue until heavily indebted countries like Greece, Spain and Italy have established a clear path out of their current debt mess. Some hope that the summer's heavy selling may have reflected the worst of the market's fears.
"It appears that barring an uncontrolled meltdown, the bottom is in," said Warren.
Analysts expect earnings from S&P 500 companies to rise about 12 percent from the same period last year, according to data provider FactSet. Revenue is expected to rise 11 percent. Investors are concerned not only with companies' performance over the last quarter but what they expect to earn over the next year. A series of gloomy forecasts could compound fears that the country could enter another recession.
I should have bought more shares at todays open! Tomorrow should be another great day for S, I'll be watching it and may be picking up more tomorrow! GLTA!
GO S!!!! Finish strong! Closed at $2.22! Nice!
Im new to the Sprint stock and picked up 1,000 shares at $2.18 after watching it for awhile. Looks like a good play. The resistance looks to be at $2.20. What's your take on it?
It'll go down. "EU delays summit to finalize crisis plans"
On Monday October 10, 2011, 9:40 am
BRUSSELS (AP) -- The president of the European Union said Monday he is delaying next week's summit of EU leaders until Oct. 23 because they need more time to finalize a plan to fight a worsening debt crisis.
The EU summit was originally planned for next Monday and Tuesday.
The new timing will allow the bloc "to finalize our comprehensive strategy on the euro area sovereign debt crisis," Herman Van Rompuy said in a statement.
Leaders need more time to conclude discussions on financial aid to Greece, the recapitalization of banks and giving the eurozone bailout fund more firepower, Van Rompuy said.
The 27-country EU, and in particular the 17-country eurozone, have found themselves under growing market pressure, as fears intensified that Greece and other highly indebted countries will default on their debts and take down big banks that hold their bonds.
Van Rompuy said he had also asked for an additional meeting of EU finance ministers ahead of the summit, so they can lay the groundwork for the leaders' decision.
---Delays are always a bad thing lately! Not a good sign IMO.---
Morgan Stanley Lowered Its PT For Sirius XM Radio To $2, Maintained Its OW Rating (SIRI)
Financial News Network Online - News CornerMorgan Stanley lowered its price target for Sirius XM Radio (NASDAQ:SIRI) to $2 from $2.60 and maintained its overweight rating on the stock.
Sirius XM Radio has a potential upside of 52% based on a current price of $1.56 and an average consensus analyst price target of $2.37.
Sirius XM Radio is currently below its 50-day moving average (MA) of $1.76 and below its 200-day MA of $1.86.
In the last five trading sessions, the 50-day MA has fallen 3.54% while the 200-day MA has remained constant.
Sirius XM Radio Inc. broadcasts various channels of audio from its satellites. The Company provides its services throughout the continental United States for a monthly subscription fee. Sirius delivers various streams of commercial-free music in every genre, as well as streams of news, sports, weather, talk, comedy, and public radio.
Don't worry I understand :) I'll keep a close eye on it.
Saw this right before I closed my window! Banks survive off of clients, whomever the clients are and however much funds the clients hold. They wouldn't get investment banking deals if they didn't have any clients. Banks don't come up from nothing and start making various deals. They need support, backing, funds, clients, customers, etc. for anything to happen. If everyone left and took their funds out of BAC and switched to a CU or another bank do you think BAC will still be here? For that matter if everyone left any financial institution from one day to another that company would be gone. Banks need deposits, no clients = no deposits. No deposits = no deals. No deals = a company that has nothing. How will a bank live/survive with nothing going into it? Who would want to invest in a bank that has no clients? A bank needs clients and customers just like a store needs customers to buy the stores products. Banks that don't have clients have no money to lend out to make money off of. They won't exist without us. Clients = life, No clients = death. Plain and simple.
I'm def. going to bed now. Night to all.
Just remember this stock went to the $2.50 range back in early 09, you don't think it could happen again? I'm sure we all thought it could never hit that low back then and it did, what makes you so sure it won't again this time around considering there's no gov. to save them.
Another point I'd like to mention. If you and anyone else honestly believe that BAC isn't in that bad of shape please compare it to other major financial institutions. They are by far in the worst shape. A simple visual if it's easier. Place BAC on a 10 year span and run WFC and JPM over it. BAC is a catastrophe and dying slowly. I and many people have already switched to other institutions. The more and more that do that, the more BAC dies.
Clients = bank's life
No clients = bank's death
BAC is dying and everyone knows it. As it may be a good short day trade many don't want to even hold it through the following business day because of it's dramatic volatility. Up 5% one day, down 6% the next day, it's going under.
I am off to bed, talk to you all in the AM.
Even with the incline in share price I haven't gone in yet. I know it will drop this coming week and start to decline. I'm sitting on the sidelines waiting until the $1.20-$1.25 comes into play.
Agreed. This was a massive p/d. Typical penny stock. One day it sky rockets the next day is all red. I find it funny that I got another email from Breaking Bulls last night letting me know about this stock for today even though I've been following it before the pp. It now alerts me that this is a great stock AFTER the pp is done? Setting up for failure?
Advice to others: If you bought in today, get out immediately in the open to limit your losses, this will all be downhill now that the pp is over.
Don't believe me? Throughout the day, how many said the charts and volume looked good? It was a horrible chart and the volume was dumping not buying. Still don't believe me? Blood bath all day. If I bought in today I would have gotten -37.82% in return. Great bull, literally.
Glad I never bought in, I knew this thing was headed for disaster today. Next week we'll see low $5's IMO.
Def. agree with you about how BAC trades. On top of that theres always the suspense of news. Good news, see a sky rocket, bad news (I.e. When Moody downgraded 12 UK banks today), see a disaster. Bad news always lingers the longest. Not a good day for BAC, after that announcement I dont see the weekend being a good hold for anyone in BAC either.
I've spoken with numerous clients of BAC and they all seem to be split 50/50. Many couldnt get in their accounts (like myself) and the others didn't have any issues at all. When I called customer service I had to hold forever and waited a lot longer than I should have to. I just couldnt take it anymore, unreliable at this point.
BAC under $6, in 5.....4....3....2....1...
Update: Ok maybe not just yet LOL
I dont normally play penny and subpenny stocks but have been watching this one. To be honest to all who are uncertan about it, if you missed the pump and pp yesterday then you missed it. I used to play OTC, and have realized that if you miss the bounce then don't plan on catching it another day because it won't happen again, if it does make some type of bounce it won't be nearly what it was previously. Its not worth the risk in trying to catch it again. In other words, if you missed the big bounce, then just find another penny stock that's ready for a bounce don't count on it happening two times because odds favor it won't regardless of what others say.
I am not saying get out or get in all I'm suggesting is theres millions of stocks out there; don't try to catch one you already missed. GLTA.
It's been working randomly for me since last week. It's truly annoying and something I can't tolerate. I'll probably still flip the stock but won't be using them for banking.
Will do, I appreciate it mo. :)
I'm closing all my Acts at BAC tomorrow and will be switching banks. BAC is rediculous, I've had enough. As for my online banking, 90% of the times I've tried to access my Acts online it has various 'issues'. If I can't even look through my own Acts. what the hell is the use of my bank? I dont have time to be running to my bank to be checking my funds every day. BAC is going down if they can't even keep their site up running normal. Hell with BAC, you just lost a big client that's been with you for many years.
What I find ironic is that there's a nice sign that says "Now Hiring' in the front of the location I use. I suppose they can hire more to fire more?
If/When Greece defaults, BAC will see well below $5. More like a couple dollars.
Good analysis, I do agree. I still see a decline before any nice bounce happens after yesterdays movement.
Like I stated earlier, the moment it hits around $1.20, I'm all in.
Another bloodbath, I knew all index's would drop within the last hour of close. Whomever doesnt manage to sell their shares by the end of close will end up losing money with tomorrows open. This is beginning to be a trend for all index's. Make your money during the day not from close-open jumps, they all seem to be free-falls lately.
To whom has private messaged me. I cannot send one back because I don't have a "Premium Subs" to this site.
I will state my reply 'public' sorry for the inconvience.
Once it drops below the $5 mark, I believe it will continue to decline, at that point quicker than it has been believe it or not. I truthfully dont think it will follow the DOW at that share price level. BAC is going to be unanalyzable at that point IMO. I'm pretty sure I'm going to avoid it for now unless I can agree with myself that if I lost most or all my investment would I be ok.