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oldhamegg

08/04/08 5:00 PM

#44445 RE: blackcard #44444

Nope not the same... Big Boards are real companies. 99.8% of all Pennies are POS frauds trying to bilk the unaware out of their money. Never believe anything you hear about a penny stock. Never. It is all meant to disgorge you of your money. Have you heard of P&D scams? Pump and Dumps. A group of people will buy a bunch of stock at a low price, come to message boards or send out PR's with claims of outstanding profits to be made, deals in the works, the Short squeeze on, its all just around the corner, in order to create a run up in the PPS of a stock. They'll point to fundamentals, or charts, or the integrity of the company's owners and say anything to get people to buy the stock. When the stock is on the way up, the original group of people or person will be selling the holdings while continuing to tout the outstanding quality of the stock, basically in an effort to steal your money, leaving you holding the bag when it turns out that the company doesn't have anything of value to offer. The stock will retreat to former levels and you have a worthless piece of paper to call your own. It is insidious, but people will do everything in the penny stocks to take your money. Count on it.
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VERITAS77

08/04/08 10:45 PM

#44470 RE: blackcard #44444

Pennies are great, but you have to have discipline.
Which means a mental/literal stop (LOSS) or an Initial PARTIAL (Buy in position)

Anotherwords:
If your going to buy into a penny first time around, paper trade as others mentioned. When ready to trade- I would invest in % buys.

Pennies can LOOSE/GAIN any amount from 10-100% on average.

If your working with a set amount of capital, you may want to tiptoe into the penny market w/ around 20% - 25% of your total investment amount. Diversify it in as many ways as you see fit. You must remember commission though.
Trading over a 100x's @ $7/trade will cost about a THOUSAND DOLLARS.

Risk/Reward AND TIMING <<< is what trading is all about.
If your going to INVEST: LEARN ABOUT CHARTING.
If your going to DAYTRADE: LEARN ABOUT CHARTING.

Imo (In my opinion)
Charting is 90% of "the game".
MOST PEOPLE- SEE THE SAME THING, AND SO.... BUY/SELL on certain aspects of a chart.

I could type for days, but I think this will get you started.

http://investorshub.advfn.com/default.aspx CLAYTRADER VIDEO CHARTS on the left/bottom will HELP YOU EXTREMELY WELL!!
WATCH EM ALL. =)

http://stockcharts.com/school/doku.php?id=chart_school:glossary_a
As you can, take time and read about everything here A-Z literally. Will save you 100rds of dollars from buying market trading books.

Once you understand ABOUT CHARTING, the same site provides DAILY SCANS:
http://stockcharts.com/def/servlet/SC.scan

Look for 52wk high/low stocks and volume gainers etc.
There are many different choice Technical Indicators to choose from, DAILY.

Best to you in trading!
Any questions?? IHUBrs are here to help! =)



Things are not always what they seem...

Stop by the ETERNITY board for a contrarian approach to all matters of life.
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VERITAS77

08/04/08 10:57 PM

#44473 RE: blackcard #44444

The WU professors here, are some of the top and open/honest traders you will meet.

Pay attention to them, person mark them and follow as they each/individually trade certain styles.

Take care. -V.*^]-