Replies to post #1275 on Simple TA by Wizetradr

[willsimon]

Second-

I'd stay far, far away from DCN. All indicators are pointing down, down, down.

As for Delphi, RSI shows highly overbought, but signals are pointing up. You may want to watch that one for a few more days before you jump in.

-Will

[Wizetradr]

Hey SecondLife, yep your right they are risky, I cant even pull up a chart on DCN.

If you've never traded pink sheets before or aren't familiar with them heres some things you should know 1st before traveling that road.

Any stock with a .pk means it is traded as a pink sheet, which basically means it has it's own market and market makers. However unlike the Dow or Nasdaq, the SEC does extremely minimal regulation of the company and the way the stock is traded. The company can basically do or say anything they want be it true or not, with no fear of reprimand from the SEC. The market makers are the same way, they can manipulte the stock price till there heart is content.

The DPHIQ weekly chart, is trying to make a move, but I have seen way to many pinks look good only to have the company dilute the crap out of it than the price never goes back up again. Granted there are a few honest legitimate companies that actually start on the pinks than graduate to a real exchange, but they are few and far between.

I personally will not play pinks sheets no matter how tempting, and would not recommend anybody else play them. But that is me personally.

As for Scottrade there are additional cost for trading stocks under $1.00, it might be 2 dollars, but there are no inactivity fees so one trade a year will cost no more than 1000 trades a year, and yes your stock hold will meet the required minimum.