Modern Technology Cp (MODC)

[VistaViewer]

lanewbie, Well, I certainly do wish you the Best of Luck.

Most penny stock players learn the ropes by losing a great deal of money early on. And hopefully, they learn the important lessons that they don't repeat, BEFORE all of their money is gone. But you don't have to do it this way.

I would suggest that you learn something about Technical Analysis and how to read charts, and especially, how to interpret the many indicators, so that you know where a stock is in its cycle. Go to http://www.stockcharts.com and you will find a wealth of learning aids. Bookmark this one because you're going to use it hourly.

Then learn how to read and interpret corporate balance sheets. For whatever company you are looking at be sure to read the SEC filings as soon as they are published. And it also helps to read the earlier reports in order to spot companies that have been successful over time. For this, Go here: http://knobias.10kwizard.com/main.php

And here's a tip for you and for ANYONE who may be reading this post. If you are using the FireFox browser there is a handy plugin called "Update Scanner". You can point it at the SEC filing index page for any stock and the instant a new filing is published you will be notified by a little popup on the screen. If the filing contains significant news then a few seconds head start could either save you a lot of money, or help you make even more.

Use these forums only to find picks (stock to check out) and to gauge "investor sentiment. NEVER buy any stock based solely on a recommendation on a forum. And if someone says the stock is "going To Da Moon!", then this should be a gigantic RED FLAG. It is probably going to hell in a hand basket, so to speak. Trust no one, because mostly, they just want to unload their shares on you.

And finally, companies of pink sheet stocks do NOT file reports with the SEC. So if you dabble in those then you are mostly flying blind. Be very wary of pink sheet stocks, although you can make fantastic profits IF you can spot a good one.

Just be patient, be thorough, and never stop learning about this game. Get all of your "ducks all in a row" and you'll probably do OK.

VV