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I don't have upgrade to talk in private. I bought shares yesterday and sold today. But bought them back again. Is that bad?
What news are we waiting for? Thx
What are thoughts about the fabricating of the PR that I'm reading on the board?
I totally agree there's money to be made, IF you know how to play the game. Thank you. One more question: Please clarify "ride free shares where you can." Thanks again.
RM's?? I'm still new learning the ropes. Thanks.
You guys are brave--makes me too nervous when I see that OTC Markets has issued a STOP warn/ing.
https://www.otcmarkets.com/stock/SMAA
If I get more confident in the info, I'll jump back in again. Your thoughts?
like a snake ready to strike! $RSII WTG.
Hi, I'm just jumping in. I had shares of this stock. Is it your opinion that the stocks determined to become a penny stock based on the trajectory??? If so, I'm surprised.
I dunno. The whole "turd" motif sounds negative and especially stinky. Can we all agree that it's all blue sky from here for RSII? Thanks to your help you guys I got hooked up with Level 2 data and am trading in a new high-frequency platform, although. I'm excited although I'm sure I'll have to crack the learning curve. Go RSII. I still dream of it cracking a dollar, but I'll take .01.
Also, my thought is the PR announcement will come closer to February, although I'd be okay with being wrong and it coming earlier.
I hadn't thought of that: which I like better overnight or over the weekend in terms of weekend buzz. Although I guess now that I think of it, the weekends to me are an excruciating wait. Geez, though if RSII pushes to 7, that'd be great. But I personally probably wouldn't sell though. Good luck.
I agree with you on that. RSII is a good company. It was one of the few penny stocks my mother chose for me that didn't lose money actually.
I always watched the portfolio of stocks she had for me and all the other pennies I had to get rid of because they burned us. I started college last fall not quite in the hole, and what I experienced there has influenced what classes I'm taking now (and the six months or so before I graduated). And I appreciate learning from you guys here. So thank you.
But it looks to me like she bought the stock a couple years ago (with the intention of giving me money for college) and we've held a position since then.
So yeah, I'm not saying the company shouldn't held long at all. I agree with you.
I talked to the CEO out of worry and with full the intent to sell ALL the shares. He was hard to get a hold of because the numbers I had for the company were not working. The IR email kept bouncing back.
But when I talked to him, he made me feel better about the direction of the company and hence the stock is going in. So I have held, and it's given me enough time to try to learn more about penny stocks.
As for flipping the stock, I've started that a few months ago when I understood it better and mainly to get the money back we lost. But I've also held long, which I'm doing now.
RSII is such a great stock in that it works well to hold long or short term (in other words to invest or trade), which is rare in a penny stock.
You can't lose in that if you want to flip the stock (which I've done many, many times) or you can hold it, you can do well either way. I've had this stock for a couple years now and am looking forward to continually doing a little bit of both.
Yeah, you know it's hard not to play on emotion sometimes because you panic.
But what's what I was saying about RSII--the fundamentals seem impressive enough that I feel the stock will not fail me, especially if I play it correctly.
Thank you, too, for all your advice. I really appreciate your candor and willingness to share. Good luck to you, too, on your picks....
Yes, sooner rather than later.
I can't agree that it's sad; it just is.
Most analysts advocate for taking a profit, especially if the person has made a good percentage of their money. With these small cap stocks you and I both know that's easy to do.
And looking at the larger picture, I knew nothing in the way of PR was going to release before tomorrow. It's just not smart given that the inauguration would probably overshadow it and potentially stall the stock price.
So those flips probably proved to be advantageous for the trader in the short run. I did a few myself, hedging that I would be able to get back in with at least as many shares as I had. I realize I'm taking the chance of not getting back in. But I was willing to risk it.
After tomorrow, I think you'll see some stability in RSII.
I've been listening to market analysts and essentially the overall market experienced instability because of among other things the uncertainty of the next administration's policies. So the fact that RSII was effected is not surprising.
But those of us who want to stick around in the stock should all now get prepare ourselves for whatever place this PR announcement is going to take us. Hopefully, way up.
I joke that I want at least a dollar, but realistically in the short run, I would love to get a .01. Obviously, higher is better.
Yep, I agree. I'm leaning toward 5, which it was today, but I wouldn't preclude 4.
Yeah, I was fortunate enough to sell at 6 after buying at 3. We probably won't see 3 till after the announcement. After tomorrow, the stock will rally higher.
You and I are on the same page. I would have taken the profit, too, but I don't have enough shares of RSII to jump in and out. Taking a profit is a smart transaction to undertake. Holding is okay, too. It's all according to what you're trying to accomplish. We all have different investment goals here. Neither is wrong.
RSII is one of those few OTC stocks I've seen that's good to always keep at least a small position in because it really seems the company and CEO are doing good things, such as making acquisitions to promote company growth. That's rare for a penny stock. I wouldn't be surprised to wake up one day and something the CEO has done sends the stock skyrocketing. I haven't talked to him in a while, but he expressed some dismay that the stock price wasn't much higher. I can't remember what he quoted, but it was not in the cents.
So far there is no reason to talk badly about this stock, but to think the stock won't undergo a fluctuation due to market corrections/rotations--even with news looming--doesn't seem plausible. It isn't a "fake out"; it's a fact. Some of the folks selling are probably hedging their bets on buying back the stock lower, which is awesome if they can achieve that.
I'm in the same boat as you guys saying not to be afraid. I'm also in agreement that taking a profit when you can squares with what Wall Street analysts say who actually trade stock for a living.
So far RSII has been a good stock. I can't say that about every penny stock I've encountered.
You will get them.
I went back through the posts. And I think I missed that one about no news coming out or that the news is bad.
Let me be the first to stand in solidarity with your statement and say that the news will bring the stock price higher, but that the news won't be released until after tomorrow.
If the CEO had any brains he wouldn't release any good PR only for it to be overshadowed by the Inauguration, unless somehow he could tie the PR in with the event. Highly unlikely though. And to all of you guys running scared, don't be. The price will go back up. If the CEO is learning anything about PR he'll use it to maximum impact. Marketing/PR 101
You just made me remember this. But I talked to him once when I first got into the stock. I was actually surprised to get him considering I had to jump through hoops initially to find contact info. But he told me he was really surprised the stock was still even under a dollar. So I trust he's doing things behind the scenes to grow the company.
Just my two cents, and I joke about this, but I believe it'd be true: Is that if a company more prominent would buy this one, or they inked a major deal with another company, the PPS would shoot through the roof.
I agree. Normally people trade off technical analysis of penny stock. This case is no difference. What's different though is that RSII actually has promising fundamentals, which makes the stock worth holding on to. However, I still think it makes good business sense to buy the stock lower. And I have a feeling some of those thinking like can get back in at the lower price despite others trying to lock them out. Not everyone will win this game, which is why holding is smart, too.
I agree. I have full faith in the stock to rally back up. But if you can get it cheaper that makes smart business sense.
I see it hit 5 a few moments ago. I think that between now and Monday it will got to 4, so prepare to snap up the 4s. No 3s though. That's just wishful thinking on some folks' part. After the Inauguration and some stability about the market kicks in get ready for the stock to rumble. It's on. And then the PR. Perfect position to be in then.
Makes sense. Loyalty is often rewarded. And those willing to sit it out may be rewarded handsomely. Good luck to everyone.
It's silly to lambaste someone for how they trade. I'm not sure what his problem is, but anyway I totally agree with you. Good luck to you, too.
Yeah, a nail-biter for sure. I had to contain every bone in my body not to sell at .0008.
Well, they're not vultures; they're smart.
Trolls are insecure people. Gotta feel sorry for people like that. They're really pitiful. As my grandmother would say, "blank for company."
Yes. Yes, she is. Thank you.
Not before the announcement and maybe not even this year.
I am waiting. It took every ounce of my mental strength not to sell at .0008 today. Luckily, I had other fish to fry that kept me occupied. I made a little off APRI so I was playing the range on that stock. I didn't make as much as I'd like, but I didn't do badly.
Huh? I don't understand, "I thought you were a smart trader but I see your just in it for yourself." I don't understand what that means. Please clarify.
But to some of your points, I think everybody has different goals and each person has to trade however they feel comfortable.
This may be wishful thinking, but wouldn't that be something if this company were bought by a larger, more prominent company. That's what I keep thinking about. If they become attractive enough another company may want to buy them.
I totally get what you're saying. We've all had different experiences with penny stocks and I've talked about being burn more times than I care to talk about, and I've learned to be cautiously optimistic but realistic. I personally did not put all my winnings back in because of that stance. I think we all want to see the stock go up and make a nice little profit for all. As I said we're all on the same team in that respect. Just because we don't all agree on the stock's trajectory in the short run doesn't mean we're trying to talk the stock down. My gut instinct makes me feel in the short term slightly more bearish. I wish it weren't so, but it is.
Cool. I hear that. I'll watch that stock. I wish I could recommend another really cheap stock to you, but I'm not confident enough to and don't want you to lose money. I have a position in ENDO. The best I can say about them is they're moving back down, and the one good thing I was able to do this year is through reading about them and just trading penny stock in general is to recoup some of the money I lost from them. I still have a position in them. I need them to go up to .10 to entirely win back my money. I believe in time it'll happen. I could have sold altogether when they were at .07 but decided not to. I'm actually going acquire more as they go down.
I'm actually using my previous gains from RSII to look at other stocks aside from the pennies I have in my hand. I'll also see if I can cut the losses on my current ones, although a few are too far gone because they say absolute zero.
After talking a little bit with you last week, I started reading up on some of the terms you mentioned (thank you for that), and I'm going to try to take one of Tim Sykes classes to see if I can improve my strategy in finding stocks as well as better understand technical analysis. He seems to have found a way to capitalize on the pump and dump. But he also has some really high-powered software he's using that enables him to react really quickly to real-time price changes. I'm not quite there yet. And I don't want to just go out and spend a bunch of money until I've learned how he steers his operation.
I wonder what has the stock jump today.
I hope you're kidding. I would not have wanted you to do that.
Although I've been accused on her of trying to be an expert, I really feel like this announcement may not come until later in the month after the inauguration, which is why I didn't reinvest all my previous gains. I've read no chart or analyses. I'm just going off gut instinct.
Not to add insult to injury, but I just picked up .0004.
At least not for a while. Although the price did hit .0003 the previous Friday, I think, because that's when I picked up shares at .0004 because I didn't expect it would go down that low (to .0003). Otherwise, I would have placed my bid there instead.
Now, I did agree with fingers earlier when he thought the stock would hit .0005. But I'm incline to agree with you that it will not hit .0002 anytime soon, especially since there's impending news that everyone knows about. I'm not sure fingers sees other than perhaps some wishful thinking.
Your graciousness and generosity are much appreciated.
I am actually spending the day online look at how to better trade penny stocks because I really want to master it, and yeah you're right about not panic selling. Getting burned has a way of making you scared though.
Since you gave me a stock let me share one that's a little higher in price. I'm also working with ABUS. At the moment it went down, but when it hits 30 cents down from where I purchased it (I still have 300 shares), I'm going buy back about a thousand more and let it ride at least that 30 cents back up.
That's a strategy that I like very much, and I've watched the stock long enough to know somewhat how it trades (and the fundamentals of the company are decent enough). It look me a while to get to knowing that because that was not how my mother taught me to look at and follow stocks. She's not really a day trader. But I want to be. I like it. It's so much fun I can't pull myself away. Although it can be frustrating sometimes, too.