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re: AT - Small Cap Discussion Thread ( NEW. )

Posted on 2/8/21 at 11:02 am to
Posted by Upperdecker
St. George, LA
Member since Nov 2014
31840 posts
Posted on 2/8/21 at 11:02 am to
Pennies do go hot and cold. They’ll have a couple big hits and then attract in a bunch of retail money, then cool down and retail will go elsewhere. Rinse and repeat
Posted by xxTIMMYxx
Member since Aug 2019
17562 posts
Posted on 2/8/21 at 11:07 am to
seems like every penny stock is exploding.
Posted by Logician
Grinning Colonizer
Member since Jul 2013
4889 posts
Posted on 2/8/21 at 11:20 am to
quote:

With that said, I've never followed pennies much. Curious if this an unprecedented time for penny stocks, or have you had just as much success over time?
wondering this myself

is this like crypto, where when BTC is surging, all the shitcoins surge with it? Are we just making hay because the market is rolling right now?

How do pennies react when the market starts to tumble? Does everything generally tumble with it?
Posted by AncientTiger
Mississippi- Louisiana - Destin
Member since Sep 2016
1481 posts
Posted on 2/8/21 at 11:20 am to
quote:

With that said, I've never followed pennies much. Curious if this an unprecedented time for penny stocks, or have you had just as much success over time?


You guys noticed my FORW recommendation correct? Google the CEO George Sharp resume. OTC is attempting to become credible. GL
Posted by CaptainJ47
Gonzales
Member since Nov 2007
7629 posts
Posted on 2/8/21 at 11:21 am to
I hated to chase but am in for 25k shares at 0.475. It leaves me plenty to average down or will just ride the wave up.
Posted by High C
viewing the fall....
Member since Nov 2012
57654 posts
Posted on 2/8/21 at 11:22 am to
quote:

seems like every penny stock is exploding.


SNDL got stagnant. Just exited at +91%. About to move the major portion of my play money from my Robinhood account to my Schwab account. Too many current plays not available on Robinhood.
Posted by Ex-Popcorn
Member since Nov 2005
2318 posts
Posted on 2/8/21 at 11:38 am to
I've been trading exclusively inside of a couple of IRAs I have...so there haven't been any tax implications.

For those of you trading in a normal brokerage account, how are you handling tracking/paying taxes?
Posted by Rezrov
Virginia
Member since Nov 2020
22 posts
Posted on 2/8/21 at 11:45 am to
The brokerage will send you a statement at the end of the year, at least TDA does.
Posted by STLhog
Nashville, TN
Member since Jan 2015
18118 posts
Posted on 2/8/21 at 11:49 am to
Is there any advantage in trading in an Individual vs Roth?

If I'm taking short terms gains, best to stay in the roth for these and hold longer term stocks in a brokerage account correct?
Posted by Box Geauxrilla
Member since Jun 2013
19170 posts
Posted on 2/8/21 at 11:53 am to
I'd love to get in on these, but eTrade has a $6.95 commission fee on OTC markets.
Posted by ynlvr
Rocket City
Member since Feb 2009
5091 posts
Posted on 2/8/21 at 11:54 am to
Correct
Posted by SLafourche07
Member since Feb 2008
9966 posts
Posted on 2/8/21 at 11:55 am to
Just work that into the price. Roughly what kind of money are you working with on a per trade basis?
Posted by get dat hitter
Bawntario
Member since Jun 2020
4 posts
Posted on 2/8/21 at 11:56 am to
AT - What are your thoughts on ATOS? Was that a short term play, or do you think there is long term potential?
Posted by xxTIMMYxx
Member since Aug 2019
17562 posts
Posted on 2/8/21 at 11:56 am to
my head is spinning with all the action today
Posted by Odinson
Asgard
Member since Apr 2014
2816 posts
Posted on 2/8/21 at 12:03 pm to
Just about every pennystock has been mooning.
Posted by AUCE05
Member since Dec 2009
43796 posts
Posted on 2/8/21 at 12:08 pm to
Got my eyes on UBQU and WALRF
Posted by HighlyFavoredTiger
TexLaArk
Member since Jun 2018
915 posts
Posted on 2/8/21 at 12:13 pm to
I’m opening a Schwab account today, will take 3-4 days to clear so I’ll miss some opportunities but I’m tired of my main Fidelity account restricting my ability to get in on the stock AT talks about. It has cost me potentially tens of thousands just in the last 2 weeks based on what I tried to purchase but could not purchase with my Fidelity account. I’m only gonna open with about $10,000 in the new Schwab account to play around with and hope to build it up.
Thanks AT, Cgrand and others who are better at this than me.
Posted by STLhog
Nashville, TN
Member since Jan 2015
18118 posts
Posted on 2/8/21 at 12:19 pm to
Why are you having issues? I have Fidelity and its working fine.

OTC require limit order trades on Fidelity, not sure if you knew that.
Posted by tigersfan1989
Baton Rouge
Member since Oct 2018
1265 posts
Posted on 2/8/21 at 12:22 pm to
Not problem with fidelity here. I’ve been able to buy or sell any small cap/ penny stock with no issues
Posted by GeneralLee
Member since Aug 2004
13877 posts
Posted on 2/8/21 at 12:28 pm to
IBIO, another one of AT's earlier plays, starting to take off now.
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