re: Closed -

AT, I keep seeing some catalyst for ATOS coming on the 26th. Are you privy to this?

quote:

---

AT, I keep seeing some catalyst for ATOS coming on the 26th. Are you privy to this?

---

I am holding. Feel we are coming off the bottom for a steady climb. Taking profits is never bad, I’m just not in a hurry to sell.

Same for TSNP. It’s been a nice gain. I’ve added shares along the way. I can afford to wait it out, regardless of a anticipated dip. The gambler in me is holding.

I’m kind of afraid to say how many shares of ozsc I have in case Biden reads this board

quote:

---

You still holding SNDL?

---

No - SNDL is stalled at the moment. I do like the company & CEO, plan to buy again. Added those funds to my ARKBF position on yesterday’s dip.

I have a dream...that one day this AT Small Cap thread will be as long as the CryptoTalk thread.

quote:

---

AT sees more runs than investments.

---

That’s all I’m looking for with my play money accounts.

I'm more of a long term investor, pretty much all my investments are mid cap/s&p 500 index funds for retirement. But I've always had the burning desire to mess around with small caps/pennies just for fun.

This board finally helped take the plunge.

Got into OZSC a week ago for 6600 shares at $.03. If I can make some decent money off OZSC maybe I can make this a consistent hobby.

Thanks guys!

You put the limit order in at whatever the max you want to pay is. If you're ready to buy immediately and like the price, just set your limit at the current 'ask' price; don't worry about the market price. It should fill immediately most of the time. I usually set my limits at the current 'bid' price; it still normally fills.

I don't put stop limits in on penny stocks; they are too volatile. If you do, make it well below the current market price. Bear raids and cascading stop limits can trigger a 30% drop in minutes sometimes, and then your sale executes, and then MM's buy it back up to prior price within another few minutes and all of a sudden you've lost 30% because of computers. The best thing is to have a lot of alerts set up. Alerts for news, alerts for >10% drop in price, etc. Then when something material happens, you're ready to pull the plug if necessary. When dabbling in these pennies, you've got to be able to carry the risk that your holding is going to zero. It shouldn't do that; you should be on top of it enough to back out before anything that bad happens. But that is the risk you have to be comfortable with. Putting in a stop limit for 10% less than the current price implies to me you probably shouldn't be trading pennies.

Another tip, if you get a winner, recover your investment as quickly as possible. 4 of the 5 OTC stocks in my portfolio, I'm carrying with zero investment money; entire basis is profit. NWBO, ERBB, SBFM, ABML. It makes it much easier to stomach the possibility of a total loss knowing that I'll still break even.

ETA: Just in case someone reads this that isn't very familiar with trading. If setting your buy limit at the 'ask' please just verify that the ask price is still in your desired range, and definitely don't do this in premarket trading. The spread (difference between bid and ask price) can get huge and you'll get screwed. Generally during regular trading hours, the ask is where you'll get your order filled most efficiently. Just...avoid buying stocks premarket altogether. Too much volatility.

Okay, I posted this in the watch list thread but this seems like the more appropriate place. SBFM is up ~20% since I posted this:

"I don’t want to start a thread on this one cause I’m not that confident. But take a look at SBFM if you’re interested in a penny swing. It’s been steadily climbing on relatively low volume on the cusp of news regarding both/either a covid medication (they are working with UGA on this) and their developmental cancer drug which is hopefully about to start trials. Both are currently undergoing in vitro and mice studies. The cancer treatment already has positive results from in vitro (16x more effective at stopping reproduction of multi-drug resistant cancer cells than current SOC). If it doesn’t show toxicity in mice it’s almost certainly a go.

Now, their climb is concurrent with the recent small cap boom, so might be smoke, but it is very steady accumulation. Price is almost to $.05 and if they drop news that either of these treatments is beginning human clinical trials it’s going up 100% overnight. Very low float for penny stock, so that's good for price potential. The risk, obviously, is that both drugs flame out and it goes sub penny. But it is unique that they have two relatively promising products at similar stages in the pipeline.

This is a swing for me, not long term. Too early in development."