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Buy low Sell high

anyone in the penny stock game?

I am currently watching MELY and EMYSF.

I want to jump in but speaking seriously, I have no clue what the fuck I am doing when it comes to stocks.

On a related note if anyone is looking for a pair of Beats... Eric has a few pairs to sell.

I'm telling you it would be like highschool all over again. selling first years mushrooms from the store telling them they'd get fucked up.

Re: Re: Buy low Sell high

I'd "short" MELY

Re: Buy low Sell high

quote:

Originally posted by Vivid Boy anyone in the penny stock game? I am currently watching MELY and EMYSF. I want to jump in but speaking seriously, I have no clue what the fuck I am doing when it comes to stocks.

you got it! just keep studying the charts, yahoo finance is great for simple analysis (google is catching up). Demo trade for a while, and then invest accordingly.

Golden rule: only risk 2% of your capital at once.

Re: Re: Buy low Sell high

quote:

Originally posted by Lagrangian you got it! just keep studying the charts, yahoo finance is great for simple analysis (google is catching up). Demo trade for a while, and then invest accordingly. Golden rule: only risk 2% of your capital at once.

Can you fill us more into info about what those things are? Been meaning to slowly start with these things as well.

Re: Re: Buy low Sell high

quote:

Originally posted by Lagrangian you got it! just keep studying the charts, yahoo finance is great for simple analysis (google is catching up). Demo trade for a while, and then invest accordingly. Golden rule: only risk 2% of your capital at once.

Shut up you fucking Jew.

*filthy

Sorry.

why are you wasting your time when there is an F class missile silo for sale and it is under a million. And it has already been retrofitted.

http://www.missilebases.com/adirondack

I fucking begged my parents to buy it. These are so fucking rare. Not sure how it survived the whole treaty regardind silos and their destruction.

its been proving that chimps have outperformed or performed as wells as experts, so if you want to invest passively then you're just better off investing in mutual fund or an index fund and hold on to it for fifty years.

I dont think people give chimps enough credit. They do everything first. They were the first ones in outter space way before humans did it. They tried all your favorite products first.

Chimps are the worlds true fuckin hipsters they did everything before it was cool.

loser humans

Lol

penny stocks are a waste of time (unless you have a hot inside tip) which in any case is probably illegal.


some decent ones to look at (i'm in and out of these often)

on the TSX:

CEE
DML
UUU


The trick really is to watch out on when the insiders sell out of these. If they are holding large and continue to buy more, follow their lead. Sell on news, buy on rumor.

If you don't have much money (or dont want to spend alot) but you want huge sway, i suggest you look into buying options

its a cheaper strategy

Re: Re: Buy low Sell high

quote:

Originally posted by Lagrangian you got it! just keep studying the charts, yahoo finance is great for simple analysis (google is catching up). Demo trade for a while, and then invest accordingly. Golden rule: only risk 2% of your capital at once.

pussy

i remember the good old days when i risked my entire portfolio on on natural gas going up and dipped into half of my margin as well.


Needless to say, i had to average down like 5 times and barely got out with the skin of my teeth and only a slight loss.


I only short natural gas now

You'll be ok as long as you don't try to fool yourself into believing short term trading is investing, it's just a glorified form of gambling.

quote:

Originally posted by Jon_Snow You'll be ok as long as you don't try to fool yourself into believing short term trading is investing, it's just a glorified form of gambling.

I disagree.

Its still investing so long as you take your fundamentals into account.

So long as you've done some sort of research to support your position / play and mitigate your risk.


the market is based on supply vs demand, bid vs ask; psychology vs statistics

i've held positions based on fundamentals for years and some for seconds.

Neither instance did i ever consider them gambling as thorough research to support fundamentals at the time was done.


risk vs reward is another story. A short play with a high beta shouldn't be considered gambling.

quote:

Originally posted by Nrg2Nfinit I disagree.

Of course you would.

quote:

Originally posted by Euforix All stocks are waste of time if you don't have an inside tip.

I hope you know more about music

quote:

Originally posted by Euforix All stocks are waste of time if you don't have an inside tip. Although in long term it can be a good way to save money (and make a little profit).

Disagree completely

I disagree as well.

If I cared much about stocks a few years ago. I would have very well rode the apple wave or netflix wave. Big companies are the easy way to play stocks just as long as you have a little insight on what people are liking these days.

True money I believe is made in stocks by following whatever the baby boomers are doing and invest directly with those companies this demographic deals with as they age.


If I had enough money I would buy a funeral parlor or Cemetery. as these baby boomers start dying off I'd be a freakin billionaire

quote:

Originally posted by Vivid Boy I disagree as well. If I cared much about stocks a few years ago. I would have very well rode the apple wave or netflix wave. Big companies are the easy way to play stocks just as long as you have a little insight on what people are liking these days. True money I believe is made in stocks by following whatever the baby boomers are doing and invest directly with those companies this demographic deals with as they age. If I had enough money I would buy a funeral parlor or Cemetery. as these baby boomers start dying off I'd be a freakin billionaire

Depending on when you bought Netlfix you could have been screwed. A little over a year ago it was at its high of 300 and as of last Oct it dropped to $50, only with in the last few month has it recovered only 1/2 of its high. It's easly to look in hindsight at the chart and said I could have made x. Classic example sighted is Microsoft. It's funny you even mention Apple as a solid stock, only a few years ago they were looking go out of business until they struck gold with itune/iphone. There are no sure things.

definitely but you dont always have to buy right at the bottom. It was pretty apparent apple was going to do well a year and a half into the development of the ipod and itunes. they then opened all those apple stores everywhere, that were packed and even then the stock was still climbing and hadnt peaked.

Well give it try.

screw apple..

its going to go back down to the 200s

I knew at the 700s it wasnt sustainable, in price and growth.



With the US economy in a sort of stalemate position on teh premptive of downturn. I would hold my money until a nice opportunity arises.

I currently only hold gold cos right now as i see them as undervalued relative to the price of gold.
that and natural gas shorts.

Eric if you play penny, keep your eye out on CEE

its up 5% since last i mentioned it (yesterday)

Re: Re: Re: Buy low Sell high

quote:

Originally posted by Jon_Snow I'd "short" MELY

you can't i think regulation stats that the stock has to be above 2 bucks to short

plus i doubt anybody in your brokeridge is holding that stock

they need to have holders in order for you to borrow sell, and buy back

quote:

Originally posted by Nrg2Nfinit screw apple.. its going to go back down to the 200s I knew at the 700s it wasnt sustainable, in price and growth. With the US economy in a sort of stalemate position on teh premptive of downturn. I would hold my money until a nice opportunity arises. I currently only hold gold cos right now as i see them as undervalued relative to the price of gold. that and natural gas shorts. Eric if you play penny, keep your eye out on CEE its up 5% since last i mentioned it (yesterday)

how high are you forecasting it to go?

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