Round Oak Weather
Member
I’ve gotten lucky the past few weeks with my trades so I’m trying to be careful with my picks cause I don’t wanna get hit with a big drop like we had a few weeks ago.
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Misc Stock Market
- Thread starter ForsythSnow
- Start date
Parker
Member
some news this morning has ALT moving nicely pre market. Let’s keep the run going!
bamafan56
Member
You may have sold a day too early.Very nice press release this morning on ALT.Sorry couldn't post link but it is available on Yahoo.This one could run a little more.Thanks to all for bringing to my attention.
Going to watch ALT and ALDX and may buy back in this week.
I sold VTIQ on Thursday at $29.2 and it's now almost at $33. ?
I really didn't want to sell but felt I had to after a 25% gain. I still think it's going to drop after the IPO and I may buy back in again, but yeah this one hurts.
snowlover91
Member
So L2 data gives you a bit of a look at how buy and sell orders are stacking up. If you place a market order it’ll buy them at whatever the ask price is, for example. If you see say 500 shares at $5 and then 10k shares at 5.25 that tells you a lot of people are wanting to sell at the 5.25 price. On the flip side if the bid is 4.75 with 500 shares and then at 4.50 there are 10k shares that tells you there is some decent support there if there is steady selling pressure. Of course if there is steady selling or buying pressure the price will quickly move through those levels but you can also see stocks that have resistance at certain prices where there are a lot of sellers.
snowlover91
Member
CLHI is my new play. So far up about 100% on it in two days!
Steven_1974
Member
I got some ALRN last week and seems to be doing decent so far.
Hmmm. Thank you for that explanation. Makes sense. What does a spread between the ask and bid prices tell you? If you have a ask at $5.75 and a bid at $4.75, there is room in between. What is the significance of this middle area? Does it tell you anything about a stock? Again, thank you so much for the help! I feel weird having to ask some of these questions because I don't want to burden people with my ignorance on some of these things.
I'm currently in ALT, TORC, and AIM with AIM as my largest position and TORC the smallest. Are these fairly "safe" to hold through some pull backs, or should I set a stop limit on these? Is a stop limit better or is a trailing stop limit more beneficial? I want to ride out the bumps in the road so I can (hopefully) profit if these jump, I'm just confused on at what point to jump off if it comes to that.
snowlover91
Member
If the bid and ask are spread that far apart it would tell me there isn’t much volume and/or the company has a small share structure. Most companies the price will be pretty close, like a bid of 5.05 and ask of 5.10 or similar.
Oh ok....I see. Thank you. You never mentioned...how long have you been in Wilson? I live over off Airport Blvd.
Broken024
Member
Were you guys talking about gnus a while back? Mooning today
Downeastnc
Member
I got 650 shares at 1.66 but that's after I sold and bought back in several times.....its going to be a legit winner for me should get to $4-6 by the end of the summer, their new cartoon channel drops mid June and they have over 1000 toy skus with Mattel etc hitting Wal Mart in Aug most based on their popular Nick show Rainbow Rangers....they even have a cartoon with Warren Buffet so I imagine he has money involved on some level....feel like I need to buy more lol.
Kartoon Channel!
Kartoon Channel! is fun, family-friendly and free! Kartoon Channel! is the home of the very best in kids and family entertainment across major cable/satellit...
www.youtube.com
MVIS
snowlover91
Member
CLHI is my big play now, it’s already doubled and has a ton more upside. It appears a large company is going to RM into it in the near future.
Why do I like trading pennies? Turning $300 into $6k in a week is why!
Why do I like trading pennies? Turning $300 into $6k in a week is why!
What was your lead on that one?
snowlover91
Member
I have a process I follow for penny stocks, it’s taken years to develop one that works well and it isn’t foolproof but I use ihub pretty heavily. On this board here people will post various penny stocks with news and info. Most of them are junk, pump and dump but you can find some hidden gems. Here’s what I look for and it works well for me.
1. Does it have a good share structure? A company with AS and OS into the billions usually don’t run and are filled with dilution. Stay away from these. I never buy a company with more than 1 billion OS and 3 billion AS and prefer to stay under 500 million for both of those.
2. No mention or anticipation of a reverse split. With pennies they are VERY bad and avoid them at all costs.
3. Upcoming news or catalyst that can propel the stock along with building volume (above average). I usually like to find one that has just started running or will very soon.
4. Reverse merger candidates can be very attractive. They often can run for a significant amount of time IF it is a legitimate one or rumor.
5. Watch out for dilution! If you have a broker that gives you L2 access you can look at the ask and see if dilution is ongoing. It’s very bad and I avoid any stock that has signs of it. Examples would be seeing VERT as the lowest asking price or OTCX. Those are well known dilutors and the toxic financing destroys the share price.
6. Rarely, if ever, hold a penny stock long term. I usually will hold one for a day or two at most before selling unless there is a near term catalyst I’m still waiting for. When the stock rally is almost over you can tell as the buying becomes less, the share price begins to level off or drift down. From there they crash hard so take profits before that happens.
7. Most of all with pennies they are extremely volatile and easy to lose every single penny in them. If you ever trade them start with small amounts or setup a virtual trading account to “pretend” trade so you can get the hang of it. If you don’t know what you’re doing with pennies I guarantee you’ll lose a lot of money. Once you figure out how they work and what to look for you can make insane amounts of money.
Regarding CLHI, they actually might be a rare company that is seeing a reverse merger from a big, real legitimate company. The company merging in is a technology and IT company, a big market. CLHI has an attractive share structure and this company that wants to merge in with them wanted something they could use to cleanly go public. Here’s a starting DD post.
Broken024
Member
Gnus has ------ strength