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re: New penny stock LTNC, just bought 8000 shares at $0.03/share

Posted on 3/1/21 at 9:33 am to
Posted by Houstiger
Houston
Member since Aug 2007
369 posts
Posted on 3/1/21 at 9:33 am to
Yeah you missed it. Right before it sank.
Posted by JackTMed
Member since Jan 2004
3210 posts
Posted on 3/1/21 at 3:33 pm to
So what happened here? Three pages of buzz and then today as it tanks...nothing?
Posted by zephry801
Member since Dec 2017
434 posts
Posted on 3/1/21 at 3:36 pm to
Posted by white perch
the bright, happy side of hell
Member since Apr 2012
7128 posts
Posted on 3/1/21 at 3:42 pm to
quote:

So what happened here? Three pages of buzz and then today as it tanks...nothing?


This is how penny stocks roll man, up a lot, down a lot. It’s all an educated guess. Tomorrow it may be back up to 5 cents. Who knows?
Posted by Geaux Guy
Member since Dec 2018
5293 posts
Posted on 3/1/21 at 3:53 pm to
Well, you took a beating today. Maybe do like I do gambling - now buy 16000 at .02? If it goes down again tomorrow, buy 32,000 at .01?
Posted by Sasquatch2020
Member since Oct 2020
519 posts
Posted on 3/1/21 at 4:01 pm to
so i have 25K shares. I am not selling because i read this happened last monday. I will say I was totally expecting with the hype all weekend, that this thing was going to go the opposite way

i am going to hold instead of taking my loss and remainder of whats left. Just evident that we arent getting to .10 this week as people were saying
Posted by StonewallJack
Member since Apr 2008
685 posts
Posted on 3/1/21 at 4:02 pm to
quote:

LINK

Please consider reading this.
I have found it to be a helpful resource for understanding how to allocate my capital.

I’m not undefeated. I’m not perfect. I’m probably closer to retirement than many of you, but the vast majority of the wealth I’ve accumulated over 30 years as an investor has been from “time in the market,” not “timing the market.”

It’s your money. You’re an adult. Penny stocks may bring some entertainment value to the process, but for most people, boring is better.


Can you provide cliff notes for this book or at least your basic strategy?
Posted by Brobocop
Baton Rouge, LA
Member since Feb 2018
1903 posts
Posted on 3/1/21 at 4:57 pm to
quote:

Dude acquired a pizzeria and a water company, but they’re in staffing.

This reeks of P&D. It’ll go up if it takes off on Reddit, but don’t hold long term guys.


quote:

by Brobocop


Posted by makersmark1
earth
Member since Oct 2011
15792 posts
Posted on 3/1/21 at 5:22 pm to
quote:

Can you provide cliff notes for this book or at least your basic strategy?


Long term stocks tend to be priced based on assets, earnings, dividends, and other fundamental business metrics.

There is also a section on “insider” trades being something to follow to produce returns.

Lastly, “reversion to the mean” shows that beat up stocks can outperform high multiple stocks.

There are tons of tables in the pamphlet. Just look at those.

TL;DR stock purchases should based on business valuations and dividends for long term results.
Posted by Brettesaurus Rex
Baton Rouge
Member since Dec 2009
38259 posts
Posted on 3/2/21 at 7:50 am to
This took an absolute brutal hit yesterday

Be careful with the Stan the Trading Man pumps. He talks long term PTs like they’re coming tomorrow.
Posted by Houstiger
Houston
Member since Aug 2007
369 posts
Posted on 3/3/21 at 8:32 am to
Strong rebound today?
Posted by NorthEnd
Member since Oct 2007
2142 posts
Posted on 3/3/21 at 9:44 am to
16% so far. LLOOOOONNNGGGG way to go to get back
Posted by Large Farva
New Orleans
Member since Jan 2013
8313 posts
Posted on 3/3/21 at 11:16 am to
It is up 26% today
Posted by Sasquatch2020
Member since Oct 2020
519 posts
Posted on 3/3/21 at 11:18 am to
starting to buy into this company after seeing the tweets from those involved

we shall see
Posted by white perch
the bright, happy side of hell
Member since Apr 2012
7128 posts
Posted on 3/3/21 at 11:33 am to
Posted by Sasquatch2020
Member since Oct 2020
519 posts
Posted on 3/3/21 at 1:02 pm to
I think im going to buy 10K more and be a total of 35K into this

Monday i felt like was scammed and even yesterday but I am starting to see things come out that pushing me that this will be a great long term play also
Posted by white perch
the bright, happy side of hell
Member since Apr 2012
7128 posts
Posted on 3/4/21 at 3:55 pm to
LTNC up 10% today.
Posted by JackTMed
Member since Jan 2004
3210 posts
Posted on 3/17/21 at 10:52 pm to
Might get interesting tomorrow.
Posted by Tigerdogz
Member since Nov 2011
423 posts
Posted on 3/18/21 at 12:43 pm to
Why?
Posted by James11111
Walnut Creek
Member since Jul 2020
4657 posts
Posted on 3/18/21 at 7:48 pm to
Because it could go up or down on the whims of message board posters.
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