Investing in the Stock Market

[holtsch]

I'm going to be buying about 300k shares sometime this week. I'm not buying all of them myself, three of my friends are putting money in as well. We're just going to pool our money to avoid paying the additional transaction costs that would be incurred if we all bought shares separately.

Some of their financials are rather disturbing (which is expected with a penny stock), but they seem to have decent management and look like their moving in the right direction....hopefully they can withstand the losses until they start to make some $$. Their management has been selling shares for the past 2 years and earlier this month their CFO purchased 5 million shares which is a good sign.

 

[Ripper]

LOL the thing is though, that 25k shares is only like 200 bucks.

Yeah 187 LOL ! I'm too stuck in Sirius right now to get out. 25k sounds impressive lol but was 187 dollars total. Little apprehensive. Got in at .00075 and made $2.50 today. Definatly a first, never bought a stock under a penny like this. If I can get some more funds i'll add somemore money to it .

 

[jasil]

I'm going to be buying about 300k shares sometime this week. I'm not buying all of them myself, three of my friends are putting money in as well. We're just going to pool our money to avoid paying the additional transaction costs that would be incurred if we all bought shares separately.

Some of their financials are rather disturbing (which is expected with a penny stock), but they seem to have decent management and look like their moving in the right direction....hopefully they can withstand the losses until they start to make some $$. Their management has been selling shares for the past 2 years and earlier this month their CFO purchased 5 million shares which is a good sign.

Go to investorshub.com and type in GZFX it brings you to the GZFX board. Look for posts by the moderators. The PPS should start moving shortly, but I don't want anyone robbing Peter to bet on Paul here. I could give you pennys for days.

The biggest runner today was:
CNES from .0017-.0028 and then back down to .0019 a solid 30-40% gain if you were watching in realtime.

FWIW, I own 990K of GZFX we'll see how she does shortly. Current cash on hand is a hair over 6 Million burn rate is almost 300K a month. They just acquired Dvdavenue.com for a undisclosed amount. Not a sure thing that's for sure, but even the PPS movement before the announcement or filing should be 20-30% higher than the current PPS. I love pennies and have made over 13K in one day and also lost almost 6k in one day I wouldn't have it any other way though. :coolman:

 

[madmatt]

Anyone have any advice for a kid with less than 1k to dabble with to go to so I can put a little in this stock? I submitted it to buyandhold, but who knows when they'll add it...

 

[Ripper]

Go to investorshub.com and type in GZFX it brings you to the GZFX board. Look for posts by the moderators. The PPS should start moving shortly, but I don't want anyone robbing Peter to bet on Paul here. I could give you pennys for days.

The biggest runner today was:
CNES from .0017-.0028 and then back down to .0019 a solid 30-40% gain if you were watching in realtime.

FWIW, I own 990K of GZFX we'll see how she does shortly. Current cash on hand is a hair over 6 Million burn rate is almost 300K a month. They just acquired Dvdavenue.com for a undisclosed amount. Not a sure thing that's for sure, but even the PPS movement before the announcement or filing should be 20-30% higher than the current PPS. I love pennies and have made over 13K in one day and also lost almost 6k in one day I wouldn't have it any other way though. :coolman:

Thanks Jasil. :beer: Might try this out ! I have some disposable income coming in the next few months. Think I might try and do something with it !

 

[URDONE]

Ameritrade won't let me purchase GZFX?

 

[Ripper]

Ameritrade won't let me purchase GZFX?

Can't doa market order. You have to do a limit order. You can't do a market order. Set my buy at .00075 and bought 25,000 shares.

 

[URDONE]

Can't doa market order. You have to do a limit order. You can't do a market order. Set my buy at .00075 and bought 25,000 shares.

It keeps telling me that my order was not placed. Funds are not available for this non marginable security??? I have the money in there???

 

[Mo Boost]

I'm currently watching a company that is developing directed-energy beam weapons for the US government on contract.

They are fielding something called a "Joint IED Neutralizer" on a remotely-controlled vehicle.

Interesting technology with a fascinating weapons application called "laser induced plasma channeling" or "LIPC"....it works like this:

Laser fired at target, and the superheated air around the beam creates a "leader effect channel" of charged air particles (plasma)....a large electrical discharge (lightning) breaks down the air & disrupts or fries electronics, electrical systems, and if the discharge is heavy voltage....explodes a targeted IED's fuse, timers, or even the explosives contained inside.

Rumors have the LIPC technology as disrupting IED's from as far away as 400 meters when identified, stunning humans, or disabling vehicles.

Imagine cops using LIPC-mounted beams to shut down a high speed chase and you get my meaning.

...and this is not BS. The company patenting LIPC technology used to be called "Better Homes & Gardens", or some sort.

Now they call the company Ionatron.

 

[holtsch]

It keeps telling me that my order was not placed. Funds are not available for this non marginable security??? I have the money in there???

When did you try making the trade? I'm pretty sure for an OTCBB stock you have to make the trade during market hours (9:30 a.m. to 4:00 p.m. ET.)...at least if you use ameritrade to make the transaction.

 

[jasil]

Ameritrade recently changed their policy if you fund a account through a ACH electronic transaction then there is a 5 business day hold on all non marginable securities. If you would have wired the funds they would be available immediately.

Mo Boost give me a symbol I'll add it on my streamer. HDVY is another penny worth looking into, but we'll leave that for another venue.

 

[Marine4u123]

Clearstation is a good site to do research on stocks for the beginner. Look for argyle46 recomendations. I've used some of his picks to make a little cash. I've gotten burned so many times with penny stocks though. So if you're new I wouldn't invest in them IMO.

 

[04mellowyellow]

So what is a reverse split?

If this ever happens to a stock you own, run away as fast as you can.

 

[04mellowyellow]

Patience is required to become rich slowly. unless you own thirty stocks you are not properly diversifed. should have no more than 3% in any one stock to avoid individual company risk. When you take a risk that you are not being paid extra return for, you are taking an irrational risk. By trading a lot you will burn up extra money in commisions, and churn your own account. Penny stocks are notoriously high risk and usually low return. Some mutual funds I have done well in over the last few years: FLATX, EUROX, PSPFX, RSNRX, MAKOX, UNWPX, HLMEX, PRASX. Also exchange traded funds: EZA, Brazil and Mexico etf's.

30 stocks is far too many for the average investor. If you have time to keep track of them all, then go for it. Your better off buying a mutual fund. The average investor can handle about 10 stocks and still be well diversified if he or she buys one stock from 10 different industries.

EDIT: preferably the best company from each industry and if possible, buy what you know.

PG
WMT
XOM
INTC
GM
HON

you get the point.

 

[04mellowyellow]

For those of you who aren't trying to beat the market but are trying to match the market then buy VTSMX, VFINX, QQQQ, DIA, or SPY. There are others out that I haven't listed.

 

[red03cobra]

I think penny stocks are way too dangerous for almost everyone. The odds of picking a winner are about as good as the lottery. I think picking five mutual funds is enough for most people. I would put equal amounts in these currently: FLATX, EUROX, DREGX, UNWPX and PRASX. To get proper diversification no more than 3% in any one stock which is thirty three stocks in a portfolio. I have about 20 stocks and 15 mutual funds. You don't have to know everything about a stock to buy it, or watch it constantly. I prefer to pick sectors and then a few stocks in them and mutual funds in them. Sectors I like: energy, gold, steel, emerging markets, Latin america, Korea, India, copper, railroads, titanium.

 

[red03cobra]

Bogle the genius behind Vanguard funds points out a few important truths: 95% of actively managed mutual funds do not outperform the S&P 500 index! The high management fees and commissions from turnover erode returns. Over time most do better by indexing. Being in stocks outperforms every other area of investment over the peried from 1939 to the present. My portfolio has appreciated 100% in the last two years by avoiding this wisdom and betting on the fast rising sectors. I have been lucky and willing to take higher risks for greater return.

 

[Ripper]

Anyonehave any fuel cell stocks?

 

[TacticalKaos]

If I were you I'd start a UBS or Merryl Lynch account. They have top-notch brokers that will invest your money according to your preferences (liquidity, risk/return, etc...). You can always start an e-trade, ameritrade, scott trade account and learn the basics. I wouldn't recommend going in blindly with your hard earned cash, you could go to a casino and have about the same odds if you aren't sure what you're looking for. Pick up the basics and take it from there. Don't forget about debt management too. It's good that you're investing but will the interest you make of it be worth not paying money down on loaned principal to knock down you essentially lost interest money. Just some things to consider. Good luck man, you're on the right track.

 

[red03cobra]

The wisest choice is investing in a Roth IRA with automatic investments into a mutual fund at $300 per month. You avoid putting it all in when the market is at a temp high. called dollar cost averaging. The tax free compounding is fabulous! Paying 50% combined state and federal income taxes on short term gains is terrible!