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Thank you very much for your comment. I will keep that in mind. I think I'm going to chart the stock on paper using your reccomendation and see what happens!
Hi Run4it - Thanks for your question and comment. It's how I will learn. The commission is $4.50 in and out.
Is there a rule of thumb to use when considering order size versus commission?
Man, this is just like showering in the high school locker room all over again. THAT cost me a couple years of therapy -
If you have helpful comments, reading suggestions, I'm ready to learn!
Yeah, that was me. I know it's not a lot, but I need to learn what the heck I'm doing!
By the way, I ordered 4,000 at market, and it went through at .0112
Fair warning you guys - everything I've bought in the past year has dropped like a stone - I'm hoping this breaks the trend.
OK - I am dipping my toes in.
I'm thinking of jumping in, but I'm wondering what you think. Do you think that IOVE may have peaked in late Oct, early Nov? What is it that makes you believe it's going to jump up again? Your advice / input is most welcome.
There's a group called one play a day, here o investtors hub - every other day or so they all suddenly buy a particular stock - the pps goes up and then they dump.. Today, they picked your stock - nice, eh?
I signed up for this the other day and was out of office until now. Looks like fun! When do we find out what's up for Wednesday?
So, the stock market wasn't quite overwhelming and confusing enough, so I decided to try pennystocks. Pennystocks seem to have even more potential volatility than plain old stocks! So, I come here to Investors Hub, looking for thoughts and ideas from other folks in the same boat I'm in and you guys are fighting for days over whether or not some OTHER company is the exclusive shipping company for the one we invested in? Is that what the fight is about?
I'm also a little confused that one of the assistant moderators for this board sounds like he is NOT a fan of HTDS. I would have thought that the position of an assistant moderator for the HTDS Board would have a more positive interest in the company.
Now, I'll admit I've been watching this board for only a couple days (right after that disputed PR came out) and so maybe there's some history I need to catch up on. Your help would be appreciated on that score.
Other than the validity of the three day old PR that doesn't seem to either helped or hurt the stock PPS, does anyone know of something I should be watching on this stock?
Thanks for your feedback.
I'm still hanging around too.
This company is really messing up my plans to be a millionaire.
I'm getting depressed. I took a look at UPDV Board - they're suffering the same fate as us. They seem to be convinced that management wants to drive the price down far enough to force the stock into the pinks and do a revesrse split (I think that's what they said). I also found this list of penny stock tips - and if I had included this in my own DD, I wouldn't be here today. (I did not author these tips - presumably someone smarter than me did)
Penny stock tips 1
These are some brief tips which I will add more information on in later posts.
The most important rule if you invest in penny stocks is READ. Message boards, books, tips from people. Gather as much info as you can on the stock you are interested in.
1) .0001 is the lowest penny stocks can go, unless of course the company goes out of business. Many of them do. I have seen more pink sheet stocks near .0001 than the OTC ones.
2) Try finding a company with a product or service that would sell big. Something that is not on the market yet is even better.
3) Too much competition if it already exist will make it hard for the penny stock company to make it. The fewer competitors they have the better. It's important to do research in this area before investing in it.
4) Keep an eye on the O/S count of the stock. The higher the O/S is, the less the stock is worth. Stocks with less than 1 billion shares O/S is best. Less than 500 million shares is even better. Avoid the stocks with billions and billions of shares. The company isn't worth anything and will most likely do a reverse split in the future.
5) A/S is authorized shares. Once the company maxes out the A/S, they usually do a reverse split or increase the A/S even higher. Be careful if the outstanding shares are getting close to the A/S.
6) Raising the A/S dilutes the stock even more because they will usually issue more shares and max it out,then the reverse split follows. This happens a lot with the pink sheet stocks.
7) Reverse splits are usually never a good sign. If you have 100,000 shares and they do a 1-100 reverse stock split, you only have 1,000 shares left. I have seen 1-5,000 reverse stock splits on the cheap stocks. Most of those are just scams. If you ever find out that they did a huge split in the past, DO NOT BUY THE STOCK. They usually just keep doing the reverse splits over and over. I AVOID THEM.
8) Reverse splits usually only work if the company is getting off the pink sheets or the OTC and moving on to a bigger exchange. They are OK if the company is already making a lot of money. Reverse splits with no revenue is usually because of bad management. Those stocks usually keep doing reverse splits over and over again because management can't run the company well.
9) The same revenue each quarter with no increase is usually a sign management is incompetent. These type of stocks need a miracle if they ever will go up big. Look for increasing revenues each quarter.
10) It is a good sign if the CEO has good communication with shareholders. I found that CEO's who never update investors on anything usually have nothing good going for them. A lot of those company's may be fake also if they never issue press releases. The stocks that are dead silent with press releases usually are fake. Be careful of too many press releases though. Stocks that issue press releases all the time are usually fake. Also if the press releases sound weird or phony, avoid them.
11) If penny stocks go up big with no news, it usually means someone is pumping the stock. DON'T BUY THEM. They will usually fall right back down the next day or so. Wait and get them cheaper. There is an outside chance that good information has leaked out, but that is usually not the case unless the company is well managed.
12) Penny stocks are the cheapest at the end of the year when people sell them for a tax loss. Most people have a loss on all of them. If you like the company, wait until than before buying a big block of shares. The last few months of the year are the best time for buying them.
13) If you look on message boards, use several of them online. I get the opinions from all over the Internet instead of just one forum or message board. Type the stock or symbol in search engines and then go on message boards and read about them. Never judge a stock by some tip you get or from just one person.
14) I usually buy several penny stocks with under a few hundred dollars in each. Never put all money in one penny stock since most of them don't ever make it. If news looks good each quarter I may add more shares.
15) Do not invest more money than you can afford to lose in any of these stocks. They are high risk investments.
16) Penny stocks may take years before they go up big. Hold on to them if you think they may have a shot, because just one big deal can make the stock go up huge. People sometimes sell them too fast. If you really believe in the company HOLD THE STOCK.
17) Overall I think that penny stocks are worth some money invested in them. I have seen many go up huge but I didn't own them yet. They are also fun to invest in since it is like a lottery ticket. It's a wild card.
I think it looks pretty fishy Sulli. All of a sudden 50 investors decided they needed to unload $18.50 worh of stock at a new low price - all at once?
I'm thinking DavidP has been right all along and someone is fooling around with this stock. It hardly seems worth the effort though - the differential is so small, how can they be making any money?
I think the recent Wall Street news is going to encourage investors to diversify theri investments - even more.
Hopefully the naked shorts will quiet down.
And then OUR problem becomes liquidity. Who is going to drop a dime on a truly speculative investment?
Of course the degree of speculation lessens when favorable news is released and we get a few good quarters under our belts.
This is definatly shaping up to be a longer term investment.
Hi Catsu1 - Have you advised your freind to bail out?
I bet you're right DavidP. If the SEC has scared away all the naked short sellers and virtually all the legitimate stock holders are here, and we for the most part are long - well it could be pretty boring watching the charts today.
Wow! - Thanks CStavish, I think I'm getting some understanding of our situation.
So, folks visiting this forum represent virtually ALL of the legitimate stockholders!
I wonder what would happen if we ALL put in sell orders at $2. I for one wouldn't mind getting out at $2, but I wonder if it would influence the traded PPS?
But selling short is legal isn't it? Someone that thinks the PPS on a stock can sell short - yes?
Hi CTavish and all - OK, I admit it, I am a financial dumbass. I've thrown smoe money at this HTOG thing in hopes of making some money, but when it comes to understanding some of the nuances and short, naked sellers, I'm lost.
I wonder if one or more of you might have a moment to explain to a fellow stockholder what the concerns are that Joe has for example. What kind of shenanagans are suspected and how are you picking up on it?
Thanks in advance.
Wow, I wonder where the PPS will settle once the short sellers are taken out of the equation.
Yeah, but you would have to be crazy to go down a hot slide without pants .... OHHhhhh.
Thank you for your kind response DavidP.
Yeah, I wish we could sustain some kind of upward rally too.
All the best - sincerely. I've got to leave the office and visit clients today - I'm hoping you guys can steer this stock to $1.50 today!
(Just kidding DavidP - just kidding)
The snide tone comes through loud and clear; I just don't know why.
I took a look at those photographs - what point are you trying to make? That they're located in the middle of nowhere? OK - they can't help where the oil and gas is located.
If you know something that ain't right - please stop hinting and spill it! If you don't know any more about what goes on than the rest of us - please cut the bullying - it serves no purpose.
I think the purpose of this place is for all of us to share our thoughts, ideas and strategies. Peddling baloney just doesn't fit.
Actually, the weather is a very important factor to investors awaiting good news about the tie-ins.
These wells are in the boonies. HTOG has leases on 766,000 acres - that's nearly 1,200 square miles!
Field workers gather at a predesignated place to travel together to the well site. Depending on where they are headed it might take hours of driving through rough terrain, no improved roads just to get to work!
So DavidP, it's not that the rain is an inconvenience for the Roughnecks having to carry an umbrella. It's mens work in the best of conditions, and damned near impossible in wet, muddy conditions.
Hang in there CTavish! Remember yesterday when you believed in a postive turn to cover your average position? Don't let the Nay Sayers get to you.
HTOG is a small company. I seem to recall during DD seeing that they only have 5 employees. They must contract out all the drilling etc. Besides, there are zillions of small companies that don't have sophisticated hiring schemes on the INternet. I don't think I would let that be your guage.
Good for you Andreb! I bought more too and I'm glad for it. I remember when I signed up with my broker they made me sign something that said that I understood that the market has risk and I might lose some or all of my investment. I've taken a chance, but I think given a little time this will go green for those with the gnads (and dollars) to hang in there.
Anyway, I felt energized by your comment and thank you.
Yes!
(Sorry, couldn't resist. I'm not sure what you're asking.) Is it good that there are many complaints about HTOG's management that seem to have merit?
Well, It's NOT good for HTOG to have inept management. But I guess it IS good if investors recognize the situation for what it is.
Thank you for the clarification. I think I understand your theory better.
In that scenario, they must be pretty desperate for money to do that - right?
If I understand your answer correctly, you're suggesting that Mohamed is selling his personal shares (and lots of them) at current bargain prices, to generate cash for him to give to the company?
Wow, if that's true, the many complaints I've read here about the management have more merit than I thought.
JUst asking cuz I don't know -
A) Aren't all those shares that Abdul has off limits to sell for about another year?
And B) What sense would it make for him to sell off and drive the share price down?
Thank You Shawnobe! From the perspective of a new investor your post is REALLY helpful! Not that I would perform my Due Diligence only here in a forum, but getting in the head of someone more experienced, learning about some of the things you consider is pretty enlightening.
For me, it looks like HTOG has taken its lumps over the past year and managed to keep afloat. There seems to be enough positive stuff about the company that it could weather some tough storms.
Now we're anticipating news about rapidly growing revenues in the forseeable future. I expect the share price to rise significantly at that point; that's what I'm looking for. I'm hoping that maybe I'm one of the "lucky ones" that actually got in BEFORE the jump.
Anyway, thanks again.
Yeah, I've been pretty pleased too. It appears I'm going to have to put off retirement for another day, but HTOG really does seem to be resisting going down!
Have a great holiday you guys!
I need .02 to just to cover comissions getting in and out!
Hi David,
Hey, for us Newbies, can you explain what you mean when you wrote, "Next leg up coming on level 2 "?
Thanks in advance.
Just trying to learn here OK? Not challenging you, but can you explain why you think there would be resistance at .00875?
Please add Me ScottMc to the long holder list!
Thanks Harley - I've never done this before. It's kind of exciting - sort of like playing the nickel slots. And who knows? If HTOG goes back to where it was a year ago, hey, that's some real money to bring home to Momma!
I finally Jumped In! Good Morning, I'm new here. I've been sort of a peeping tom the last few days and finally decided to get in on the exciting world of trading! I got in to HTOG first thing this AM at .0097 With the comission rates I had to pay (1/2 cent per share + $6.95) I guess I'm in for the long haul. I wish us all great luck and I'm happy to be with you.