Any stock traders?

[Lucane Darkseraphim]

Originally Posted by Blaezenfury

so walmart is making a huge store in a deveopling city, how much would this 1 store make the market go up? :P

About 0%.

[Blaezenfury]

Yeah I figured, oh well.

[reala]

Invest in penny stocks if you want some big returns in the short term. I'd only be investing in blue chips if i was 50 years old and had my retirement to consider but i'm 23 so the reward out weights the risk at this stage.

Important thing is to research the penny stocks before you buy in. My latest trade for instance is Acclaim Resources [AEX] (purchased at 3.9c ps).

Research shows me they have a JORC compliant mine that has confirmed uranium and gold where as atm in australia alot of these uranium explorers do not even have that.

The country they're in is uranium friendly (South Africa) where as not all uranium explorers have that (some uranium explorers have tenaments in states of australia where it is still illegal to mine the stuff even if they found the mother load).

Their mine has 31.5 million tonnes of inferred uranium and 2.5 million ounces of gold. Do your calculations on based on the current price of commiditys minus the cost of mining the shit out of the ground and liabilities.

Research the directors. Have they had any bad fuck ups in the past, have they sold their own shares in the company before or after an ANN or sold on hype or are they accumulating, getting they family involved etc.

Research volume and review charts (candle charts aren't that hard to get a basic understanding of). You want something that obviously has alot of volume and has maintained it so if you need to get out for some reason, you can at a good price. Get a hold of the top 20 shareholders. See what other ventures these people have their money in.

Go over the negatives or obstacles. For instance with AEX they need to acquire a BEE (black economic empowerment, some corrupt shit that is although necessary to mine in SA).

What it comes down to is research and google owns for this sort of shit. Pick something that interests you (for instance i love mining and exploration penny stocks so i research everything there is to know about them).

You don't want to invest in shit like Walmart that you'll have to lock your money up in for years to come with some shitty assed dividends 50 yr old men like to rave about.

The most talked about penny stock in Australia is paladin resources PDN. 3c in 2004 - $5 in 2006. If you'd done your research back then and invested just a measly $1000, it'd be worth $ 166 K today. Not bad for 2 years, no blue chip is going to give you those sort of returns but of course this is just one success out of many failures thats why RESEARCH is key.

[Lyrical]

Originally Posted by reala

Invest in penny stocks if you want some big returns in the short term. I'd only be investing in blue chips if i was 50 years old and had my retirement to consider but i'm 23 so the reward out weights the risk at this stage.

Important thing is to research the penny stocks before you buy in. My latest trade for instance is Acclaim Resources [AEX] (purchased at 3.9c ps).

Research shows me they have a JORC compliant mine that has confirmed uranium and gold where as atm in australia alot of these uranium explorers do not even have that.

The country they're in is uranium friendly (South Africa) where as not all uranium explorers have that (some uranium explorers have tenaments in states of australia where it is still illegal to mine the stuff even if they found the mother load).

Their mine has 31.5 million tonnes of inferred uranium and 2.5 million ounces of gold. Do your calculations on based on the current price of commiditys minus the cost of mining the shit out of the ground and liabilities.

Research the directors. Have they had any bad fuck ups in the past, have they sold their own shares in the company before or after an ANN or sold on hype or are they accumulating, getting they family involved etc.

Research volume and review charts (candle charts aren't that hard to get a basic understanding of). You want something that obviously has alot of volume and has maintained it so if you need to get out for some reason, you can at a good price. Get a hold of the top 20 shareholders. See what other ventures these people have their money in.

Go over the negatives or obstacles. For instance with AEX they need to acquire a BEE (black economic empowerment, some corrupt shit that is although necessary to mine in SA).

What it comes down to is research and google owns for this sort of shit. Pick something that interests you (for instance i love mining and exploration penny stocks so i research everything there is to know about them).

You don't want to invest in shit like Walmart that you'll have to lock your money up in for years to come with some shitty assed dividends 50 yr old men like to rave about.

The most talked about penny stock in Australia is paladin resources PDN. 3c in 2004 - $5 in 2006. If you'd done your research back then and invested just a measly $1000, it'd be worth $ 166 K today. Not bad for 2 years, no blue chip is going to give you those sort of returns but of course this is just one success out of many failures thats why RESEARCH is key.

There is a difference between investing and speculation. While having some speclative investments may/may not be beneficial, I'd still put >98% of my funds in investing and non-penny stocks, even at a young age. It makes more sense to build a solid base with funds, and then start doing things like buying individual stocks and speculative investments.

To me, buying penny stocks is way too risky. There's a reason that they are penny stocks (namely the firm is bankrupt). More often then not, the firm is not going to dig its way out of a bk and you will lose a major part of your investment.

I see speculative investments (like penny stocks) as being akin to gambling and not investing. You may make a ton of money, but you are also probably going to lose more in the long run, even if you are a great researcher. I mean, penny stocks aren't even regulated by the SEC, so half the research you find on the company may be bogus, because no gov't agency cares about wild claims on these stocks. And many of these companies don't even have audited and valid financial statements. The result is you think you may be making an educated guess, but because the data you are provided is so bogus, it is more like a wild guess.

It is still caveat emptor on penny stocks. I have seen people take 100% profits in a week on stuff like this, and then turn around the week after and lose 110% (the net result being they are worse off).

I have seen people put 100% of their portfolio in penny stocks, and lose all their money in a few months. You typically won't see that if they were to put that money in a fund.

[Desx]

too many arguing about which way is better than the other.. 401k, ira, roth ira, mutual funds, individual stocks, and penny stocks are all different ways. I think most people should take part in all of these to some degree. Depending on your companies 401k plan, it is deffinately beneficial.

Sherwin Williams matches 6%, i think it matches the highest corporations in the country. Individual stocks are not always bad if they are in a good company. An example, I've got over $500,000 in Sherwin Williams stock. After Rhode Island won a lawsuite not too long ago, I lost $120,000 overnight. 2 days later it was right back to where it was before the lawsuite, because of revenue they pulled in.

I do recommend a Roth IRA just because the money is taxed now, and is safer for the future. simple as that.

Mutual funds as well as bonds are known to be safer.

Penny stocks can make you some quick cash if you are smart. Don't put money into them that you can't afford to lose. Instead of going to vegas, use that money there.