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YRCW - money board thoughts?

Posted on 7/16/10 at 1:22 pm
Posted by tigermoney
Member since Oct 2008
366 posts
Posted on 7/16/10 at 1:22 pm
(no message)
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 7/16/10 at 1:23 pm to
(no message)
Posted by tigermoney
Member since Oct 2008
366 posts
Posted on 7/16/10 at 1:24 pm to
insightful, thanks
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 7/16/10 at 1:52 pm to
(no message)
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 7/16/10 at 1:54 pm to
quote:

insightful, thanks


Because your original post was just earth shattering, right?

This board isn't your personal junior analyst.
Posted by tigerfan4444
Member since Apr 2008
702 posts
Posted on 7/16/10 at 2:12 pm to
Curious: Why are you interested in penny stocks?

I don't get it. Just like this JOEZ I see posted here from time to time. JOEZ has a 124 million market cap.

If you want to own 1,000 shares of something and only have $240.00 to commit, then go for it -- I guess.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 7/16/10 at 2:22 pm to
I wish I had a 124M market cap.
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 7/16/10 at 2:22 pm to
quote:

I don't get it. Just like this JOEZ I see posted here from time to time. JOEZ has a 124 million market cap.


If 124 million dollars is chump change to you, would you like to be friends?

The idea behind these companies is that they are under the radar of the big boys in financial analysis.
Posted by mytigger
Member since Jan 2008
14847 posts
Posted on 7/16/10 at 2:24 pm to
I like playing with penny stocks, but the charts on this one are screaming SELL! I wouldn't touch it.
Posted by tigerfan4444
Member since Apr 2008
702 posts
Posted on 7/16/10 at 3:18 pm to
Sure we can be friends.

To be fair, I did dabble in pennies a long time ago. I didn't care for it.

I used a service that sent out alerts on which ones to buy. It seemed like I always got the email after everyone else since there was a pop in the stock and always had big volume as I was typing the stock symbol and entering the order.

I liked that there were other people in the stock since they had a big subscriber base and at least there was that liquidity and better pricing with tighter bid asks. I didn't want to wonder am I the only schmuck in this thing.

You had to buy a lot to make something. Thankfully this service had a provision where you could cancel within 30 or 90 days and you wouldn't have to pay.

From what I remember, the stocks they picked were in the 70¢ to $2.00 range. I think the market caps of their picks were at least $200 million.

I made okay money and certainly enough to cover the sub price. There were lots of picks that I didn't participate in because initially I wanted to keep track on how their picks did before jumping in and after I decided to act on their picks the price accelerated too quickly. If I felt like I had a fair chance of entering the order in along with others, I might have stuck with it.
This post was edited on 7/16/10 at 3:24 pm
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 7/18/10 at 11:56 pm to
What do YOU like about the company? I checked them out a quarter ago but recall deciding they hadn't turned the corner yet.
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