Stock Help!

[pickpro]

had some sucess with the bowl games I decided to take 1,500 of my winning and open a scottrade account. A friend recomended apenny stock (ckys) , that I invested in. Does anyone have any advice on any other penny stocks or know of good websites or forums to get info on stock tips. Pretty new to it and looking for places or sites with good info

Thanks for any help

 

[Glferboy21]

There is a stock section of the forum.

A couple of guys found a stock that I think is going to take off. Not a penny stock though http://www.madjacksports.com/forum/showthread.php?t=260318

 

[THE HITMAN]

Penny stocks are really a gamble, not really an investment, many times they go bust. Why don't you look into something solid with a good track record? You don't need to buy 100 shares, if something is at $50, 30 shares is neat to start out with. I would choose two stocks, actually, to diversify a bit. It's not like you are with a high end broker where thry debit your account mightily for a trade. You can buy two stocks for, what, $15 fees ??
But if penny stocks are your cup of tea this time, GL. IMO,tho, it's not the best way to start out.

 

[pickpro]

thanks for the advise. I currently invest (max amounts) in 3 retirement funds with my employer. so i am looking for something that may be more risky for high returns in the short term. Ive always looks at sports gambling s my riscky investment but decided to give stocks a try as well. any other advice would be appreciated

 

[Morris]

Penny stocks :nono: I retired at 46 investing in ALTRIA. It's at an all time high right now. I posted a buy at 22-23 about 6 years ago and now at 86 with divs. Long term though.

 

[Glferboy21]

I agree with the above posts. Penny stocks are not worth your time nor money.

 

[DOGS THAT BARK]

Not into penny stocks in U.S. either--however penny stocks are a diff animal in some countries-
IMHO a little speculative value in $1.25 stock with 4.5 PE and 5.8% div and 717 million Mkt Cap

http://tdc.quamnet.com/fcgi-bin/qlive2.fpl
---when you get to site type in 2889 in stock quotebox upper left.

--however you will need someone you trust in hong kong or china to purchase.

 

[YankeeBaseball]

i have heard numerous inside stories that sirius sat and xm sat are going to merger some time this first quarter. i would invest your money into sirius sat. it is still under $4 a share and it will go up significantly over the next couple of months.
the symbol is SIRI

hope you hop on this as I did and many of my buddys, i only have bought one other stock in my life and that was nextel many years ago before they installed the walkie talkie feaute and i made over $15,000.
i really believe that sirious will make us lots of money

good luck

 

[amhlilhaus]

had some sucess with the bowl games I decided to take 1,500 of my winning and open a scottrade account. A friend recomended apenny stock (ckys) , that I invested in. Does anyone have any advice on any other penny stocks or know of good websites or forums to get info on stock tips. Pretty new to it and looking for places or sites with good info

Thanks for any help

you're off to a bad start imo. I've never heard of anyone getting really wealthy with penny stocks, if they did they'd have marketed a course on it and made a bundle. you're better off learning to invest with that money and doing it slow and steady, or keeping it in sports betting if you want hot and heavy action.

 

[pickpro]

Thanks for all the advice guys! These might sound like very dumb questions but do penny stock ever develop into bigger stocks. I bought 25,000 shares of a .02 cent stock. Is it even possible for this to turn into 10.00 stock? Or am I just dreaming. I plan on takaing the advice and investing more towards the long term. For the short term Ill invest in the colt -7 as well

 

[momoney]

For long term, unless you want to work forever, you should look into opening a Roth IRA and maxing it out every year. Ask someonr you trust about talking with a financial adviser about investments. Don't fuk around in the market if you don't know what you are doing.:nono:

 

[The Sponge]

Thanks for all the advice guys! These might sound like very dumb questions but do penny stock ever develop into bigger stocks. I bought 25,000 shares of a .02 cent stock. Is it even possible for this to turn into 10.00 stock? Or am I just dreaming. I plan on takaing the advice and investing more towards the long term. For the short term Ill invest in the colt -7 as well

i willing to bet you will win more with the Colts and im not even sure they are gonna cover. Be careful bud penny stocks are almost fools gold. You have to be extremely lucky. That .02 you bought turning into ten bucks is like having a lottery ticket in your pocket and start day dreaming about things you are gonna do if you win. Then you find out you had 1 number out of six

 

[THE HITMAN]

Thanks for all the advice guys! These might sound like very dumb questions but do penny stock ever develop into bigger stocks. I bought 25,000 shares of a .02 cent stock. Is it even possible for this to turn into 10.00 stock? Or am I just dreaming. I plan on takaing the advice and investing more towards the long term. For the short term Ill invest in the colt -7 as well

Sure, there are examples where penny stocks turned into a fortune. But, They are FAR and FEW between. I would guess . and it's only a guess, that less than 5% of them turn into something. Maybe only 1-2% wouldn't surprise me. So many many things have to go right for one to succeed. And to have the foresight to project one that will succeed is a big longshot.
Just ask yourself this question...............why is a stock only pennies?? Answer: that is all it is worth.
IMO again, get youself soundly situated in the market first(it may take a few years or longer) and then funnel a bit off of your profits if you still have that urge to try and get rich.
Also, beware of tips. It is a hard thing to realize, but to find a true tip in the market is very difficult. A true tip is usually illegal, as you would have to have privvy to insider information to make it such. Not too many execs would risk the chance of going to jail just so you can have a tip. Otherwise, you just have access to regular info, which many many others also have. Now, I am not saying advice is bad, but if it is advice from the media, just consider how many people have heard it and had a chance to act on it before you.
GL

 

[pickpro]

thanks for the help guys. I see Sirius is 3.77$ might look to buy today.

 

[peddler1]

Pickpro what you are looking to do is a nice way to invest some of your winnings. There are many penny stocks out there to chose from. The biggest piece of advice i can give to anyone is to research the stock and company you are looking at. I have been very fortunate with alot of my penny stocks. I would defiantly recommend that you take a look at the movers and shakers fourm here at Madjacks. There is alot of threads on different stocks. Good Luck

 

[pickpro]

thanks peddler. I guess it like nything else you have to put the research in and make good decisions as to when to buy and sell. I bough nmkt at .35 and now it uo to .43 . SO I could make about 75$ if I sell now but I would be sick if I sold now and it went way up.

 

[peddler1]

I bought quite a few shares of NMKT a couple of weeks ago after checking it out because of the deal that happened with Diamond 1(DMOI.) What I would recommend is what I did I put in a stop loss order on this one. If it gets under .40 I will sell enough stock to get my original investment back and leave the rest ride on the stock. That way if it goes up I am still in and if it goes down I am on there money. If it gets back to .30 - .33 I will probably buy back in. That is the way I play not only the penny stocks but all of the stocks.

 

[DOGS THAT BARK]

--a little update on 2889 per above--
Cha Ching

CHINA SP STEEL (HKSE:2889.HK) Delayed quote data

Last Trade: 1.85
Trade Time: Jan 19
Change: 0.62 (50.41%)
Prev Close: 1.23
Open: 1.75
Bid: N/A
Ask: N/A
1y Target Est: N/A