Mike "Wuzzy121". Rest in peace, brother

Go Back   Tacoma World Forums > Off-Topic > Stocks & Investments

Notices

Stock market questions

Reply
 
Thread Tools Search this Thread
Old 04-19-2009, 11:13 PM   #1
DanGer [OP] DanGer is offline
Avatar approved by 98tacomav6
DanGer is one of the sharper tools in the shedDanGer is one of the sharper tools in the shedDanGer is one of the sharper tools in the shedDanGer is one of the sharper tools in the shedDanGer is one of the sharper tools in the shedDanGer is one of the sharper tools in the shedDanGer is one of the sharper tools in the shedDanGer is one of the sharper tools in the shedDanGer is one of the sharper tools in the shedDanGer is one of the sharper tools in the shedDanGer is one of the sharper tools in the shed
Joined: Jun 2008, #7155
Location: Northern Virginia & Blacksburg
Age: 25
Gender: Male
Posts: 5,514
DanGer's Tacoma Gallery
Stock market questions

Hey all. Instead of tossing my tax refund into a ever depriciating investment like my taco, I decided I might want to get into stocks. I'm not looking for an assessment of risk in the decision, I just want to know what some good trading sites or programs are for buying and selling penny stocks. List the fees that apply as well
  Reply With Quote
Old 04-19-2009, 11:51 PM   #2
I KEEEEEL YOU
Burgman is one of the sharper tools in the shedBurgman is one of the sharper tools in the shedBurgman is one of the sharper tools in the shedBurgman is one of the sharper tools in the shedBurgman is one of the sharper tools in the shedBurgman is one of the sharper tools in the shedBurgman is one of the sharper tools in the shedBurgman is one of the sharper tools in the shedBurgman is one of the sharper tools in the shedBurgman is one of the sharper tools in the shedBurgman is one of the sharper tools in the shed
 
Burgman's Avatar
Name: Stephen
Joined: Apr 2009, #16072
Location: Ric VA
Age: 27
Gender: Male
Posts: 26,739
Burgman's Tacoma Gallery
You really trying to get into stocks now? you got balls, im trying to get all mine out. lost alot in this past year
  Reply With Quote
Old 04-19-2009, 11:55 PM   #3
Lord of Tomfoolery
genxer36 is one of the sharper tools in the shedgenxer36 is one of the sharper tools in the shedgenxer36 is one of the sharper tools in the shedgenxer36 is one of the sharper tools in the shedgenxer36 is one of the sharper tools in the shedgenxer36 is one of the sharper tools in the shedgenxer36 is one of the sharper tools in the shedgenxer36 is one of the sharper tools in the shedgenxer36 is one of the sharper tools in the shedgenxer36 is one of the sharper tools in the shedgenxer36 is one of the sharper tools in the shed
 
genxer36's Avatar
Name: Sean
Joined: Nov 2007, #3442
Location: Bethlehem,GA
Age: 46
Gender: Dude
Posts: 10,664
genxer36's Tacoma Gallery
I use sharebuilder.com. $4 to buy stock on Tuesdays. I think 11.95 or 14.95 for instant orders. & I think $11.95 to sell.
  Reply With Quote
Old 04-20-2009, 12:07 AM   #4
Senior Member
SC4333 is one of the sharper tools in the shedSC4333 is one of the sharper tools in the shedSC4333 is one of the sharper tools in the shedSC4333 is one of the sharper tools in the shedSC4333 is one of the sharper tools in the shedSC4333 is one of the sharper tools in the shedSC4333 is one of the sharper tools in the shedSC4333 is one of the sharper tools in the shedSC4333 is one of the sharper tools in the shedSC4333 is one of the sharper tools in the shedSC4333 is one of the sharper tools in the shed
Name: Grant
Joined: Dec 2008, #11412
Location: San Antonio, TX
Gender: Male
Posts: 2,194
SC4333's Tacoma Gallery
Have you looked into trading Forex? With the leverage that is available, there is potential for some extremely high gains (and loss). Forex is also a global market so you can trade 24 hours a day.
  Reply With Quote
Old 04-20-2009, 04:20 AM   #5
abides.
Brunes is one of the sharper tools in the shedBrunes is one of the sharper tools in the shedBrunes is one of the sharper tools in the shedBrunes is one of the sharper tools in the shedBrunes is one of the sharper tools in the shedBrunes is one of the sharper tools in the shedBrunes is one of the sharper tools in the shedBrunes is one of the sharper tools in the shedBrunes is one of the sharper tools in the shedBrunes is one of the sharper tools in the shedBrunes is one of the sharper tools in the shed
 
Brunes's Avatar
Coast Guard: LT- CG MH-65C/D Driver- CGAS NOLA
Name: Mark
Joined: May 2008, #7011
Location: Big Easy, USA
Age: 30
Gender: Dude
Posts: 17,768
Brunes's Tacoma Gallery
Send a message via AIM to Brunes
Quote:
Originally Posted by Burgman View Post
You really trying to get into stocks now? you got balls, im trying to get all mine out. lost alot in this past year
Actually he's a genius- Right now is some of the lowest buying points in a while-and he's only 19-so he has a TON of time a head of him for the stock market to build and crash and build again!!

Might be worth looking into mutual funds and/or IRAs depending on your goals-
If you want to save some spare cash for a rainy day/emergency- You can go with a "high yeild savings account" like ING does or you can get into a mutual fund (preferably a no-load-which means no fees). I suggest a mutual fund as right now is not the time to start trying to day trade- the market is too volatile to be trying to learn what you are doing imho.

If you want to start a retirement account-Go with a Roth IRA-With you going to school you may not be able to afford to max out contributions for a year-but every little bit you put in now is alot when you are 65 and want to retire.

I use USAA for all my investments and banking- which doesn't help you much....but at least you've got some ideas now...
  Reply With Quote
Old 04-20-2009, 04:59 AM   #6
Longhorn.
goofyboy is a name known to allgoofyboy is a name known to allgoofyboy is a name known to allgoofyboy is a name known to allgoofyboy is a name known to allgoofyboy is a name known to all
 
goofyboy's Avatar
Joined: Sep 2008, #9559
Location: Katy, Tx
Gender: Male
Posts: 222
goofyboy's Tacoma Gallery
don't day trade. You have to have $25,000 deposited to day trade with sharebuilder / etrade.

also, sharebuilder sucks. it has crashed on me more than once. i need to change, but too damn lazy.
  Reply With Quote
Old 04-20-2009, 07:09 AM   #7
DanGer [OP] DanGer is offline
Avatar approved by 98tacomav6
DanGer is one of the sharper tools in the shedDanGer is one of the sharper tools in the shedDanGer is one of the sharper tools in the shedDanGer is one of the sharper tools in the shedDanGer is one of the sharper tools in the shedDanGer is one of the sharper tools in the shedDanGer is one of the sharper tools in the shedDanGer is one of the sharper tools in the shedDanGer is one of the sharper tools in the shedDanGer is one of the sharper tools in the shedDanGer is one of the sharper tools in the shed
Joined: Jun 2008, #7155
Location: Northern Virginia & Blacksburg
Age: 25
Gender: Male
Posts: 5,514
DanGer's Tacoma Gallery
alright thanks for the advice! Ya with the market down right now I figure tossing some money in it is pretty risky but could yield some gains in this state
  Reply With Quote
Old 04-20-2009, 07:27 AM   #8
:POOPCORN:
98tacoma27 is one of the sharper tools in the shed98tacoma27 is one of the sharper tools in the shed98tacoma27 is one of the sharper tools in the shed98tacoma27 is one of the sharper tools in the shed98tacoma27 is one of the sharper tools in the shed98tacoma27 is one of the sharper tools in the shed98tacoma27 is one of the sharper tools in the shed98tacoma27 is one of the sharper tools in the shed98tacoma27 is one of the sharper tools in the shed98tacoma27 is one of the sharper tools in the shed98tacoma27 is one of the sharper tools in the shed
 
98tacoma27's Avatar
Marines:
Name: Ben
Joined: Dec 2008, #11714
Location: Beech Creek
Gender: Dude
Posts: 48,265
98tacoma27's Tacoma Gallery
Quote:
Originally Posted by Brunes View Post
Actually he's a genius- Right now is some of the lowest buying points in a while-and he's only 19-so he has a TON of time a head of him for the stock market to build and crash and build again!!

Might be worth looking into mutual funds and/or IRAs depending on your goals-
If you want to save some spare cash for a rainy day/emergency- You can go with a "high yeild savings account" like ING does or you can get into a mutual fund (preferably a no-load-which means no fees). I suggest a mutual fund as right now is not the time to start trying to day trade- the market is too volatile to be trying to learn what you are doing imho.

If you want to start a retirement account-Go with a Roth IRA-With you going to school you may not be able to afford to max out contributions for a year-but every little bit you put in now is alot when you are 65 and want to retire.

I use USAA for all my investments and banking- which doesn't help you much....but at least you've got some ideas now...
X3. Dumping money into the market while it is down this low will payoff in the long run, both for you and the economy.

I use TDAmeritrade. I bought shares of this when it was at $4.25. It is now over $10 a share and going up strong.
  Reply With Quote
Old 04-20-2009, 07:30 AM   #9
DanGer [OP] DanGer is offline
Avatar approved by 98tacomav6
DanGer is one of the sharper tools in the shedDanGer is one of the sharper tools in the shedDanGer is one of the sharper tools in the shedDanGer is one of the sharper tools in the shedDanGer is one of the sharper tools in the shedDanGer is one of the sharper tools in the shedDanGer is one of the sharper tools in the shedDanGer is one of the sharper tools in the shedDanGer is one of the sharper tools in the shedDanGer is one of the sharper tools in the shedDanGer is one of the sharper tools in the shed
Joined: Jun 2008, #7155
Location: Northern Virginia & Blacksburg
Age: 25
Gender: Male
Posts: 5,514
DanGer's Tacoma Gallery
What the the requirements and fees with ameritrade?
  Reply With Quote
Old 04-20-2009, 07:37 AM   #10
:POOPCORN:
98tacoma27 is one of the sharper tools in the shed98tacoma27 is one of the sharper tools in the shed98tacoma27 is one of the sharper tools in the shed98tacoma27 is one of the sharper tools in the shed98tacoma27 is one of the sharper tools in the shed98tacoma27 is one of the sharper tools in the shed98tacoma27 is one of the sharper tools in the shed98tacoma27 is one of the sharper tools in the shed98tacoma27 is one of the sharper tools in the shed98tacoma27 is one of the sharper tools in the shed98tacoma27 is one of the sharper tools in the shed
 
98tacoma27's Avatar
Marines:
Name: Ben
Joined: Dec 2008, #11714
Location: Beech Creek
Gender: Dude
Posts: 48,265
98tacoma27's Tacoma Gallery
Trading on the web is only $9.99.

http://www.tdameritrade.com/commissi...ml#eq_internet

I opened my account when it was still TD Waterhouse. They require $1000.00 minimum but it didn't seem to matter. I had traded below that amount and never had an issue. It seems they are running a special,

http://www.tdameritrade.com/offer/sp...a=pbe&referrer=
  Reply With Quote
Old 04-20-2009, 08:23 AM   #11
bass turds
Veccster is one of the sharper tools in the shedVeccster is one of the sharper tools in the shedVeccster is one of the sharper tools in the shedVeccster is one of the sharper tools in the shedVeccster is one of the sharper tools in the shedVeccster is one of the sharper tools in the shedVeccster is one of the sharper tools in the shedVeccster is one of the sharper tools in the shedVeccster is one of the sharper tools in the shedVeccster is one of the sharper tools in the shedVeccster is one of the sharper tools in the shed
 
Veccster's Avatar
Name: Eric
Joined: Aug 2008, #8407
Location: Pittsburgh - The City of Champions
Age: 35
Gender: Male
Posts: 2,089
Veccster's Tacoma Gallery
I like Ameritrade but there are others.

I strongly recommend you stay in a mutual fund rather than buying a stock you feel "good" about. Mutual Funds are groups of stocks picked and managed by a 'fund manager'. There are fee's that are taken out of your returns or investment but the un-educated is more likely to do well in the market. If you buy a couple stocks without knowing what you are doing, you can lose everything pretty easy.

GET IN NOW...the market is full of buying opportunity. Not many others are doing because of the recession. If you have it, invest it. You will be greatly rewarded several years from now when your investment has tripled in value!

Hold it until you retire and that small investment could be worth 20x it's original value.



A higher return, higher risk option that is pretty popular are ETF's (electronically traded funds). They are a "basket" of stocks that are picked and placed together. There are no fee's but there is no one managing the fund. The basket always remains the same. You can get an ETF for any niche or market (Large Cap - big companies, Small Cap - small companies, Oil/Gas, Financial, International, etc. See the below link for everything you ever wanted to know about ETF's - compliments of Yahoo.
http://finance.yahoo.com/etf

And, for what it's worth, I like Apple, Google and Catapiller for stock picks.
  Reply With Quote
Old 04-20-2009, 08:34 AM   #12
Senior Member
Toyota Truck is one of the sharper tools in the shedToyota Truck is one of the sharper tools in the shedToyota Truck is one of the sharper tools in the shedToyota Truck is one of the sharper tools in the shedToyota Truck is one of the sharper tools in the shedToyota Truck is one of the sharper tools in the shedToyota Truck is one of the sharper tools in the shedToyota Truck is one of the sharper tools in the shedToyota Truck is one of the sharper tools in the shedToyota Truck is one of the sharper tools in the shedToyota Truck is one of the sharper tools in the shed
 
Toyota Truck's Avatar
Name: JT
Joined: Nov 2008, #10925
Location: Texas
Age: 27
Gender: Male
Posts: 1,961
Toyota Truck's Tacoma Gallery
A friend of mine uses Etrade. He tells me to try to invest in things that will bounce back like the housing market.
  Reply With Quote
Old 04-20-2009, 09:01 AM   #13
Senior Member
bobwilson1977 is one of the sharper tools in the shedbobwilson1977 is one of the sharper tools in the shedbobwilson1977 is one of the sharper tools in the shedbobwilson1977 is one of the sharper tools in the shedbobwilson1977 is one of the sharper tools in the shedbobwilson1977 is one of the sharper tools in the shedbobwilson1977 is one of the sharper tools in the shedbobwilson1977 is one of the sharper tools in the shedbobwilson1977 is one of the sharper tools in the shedbobwilson1977 is one of the sharper tools in the shedbobwilson1977 is one of the sharper tools in the shed
 
bobwilson1977's Avatar
Joined: Jan 2009, #12328
Location: KaliFORN-I-A
Gender: Male
Posts: 1,370
bobwilson1977's Tacoma Gallery
I don't recommend using day trading web sites. Unless you are an outright market genius, you'll likely lose money rather than gain.

Here's some general advice, but just remember- advice used at your own risk. First of all, over the course of 100 years, the market tends to perform 7 out of 10 years positively. The median appreciation over time is around 7% per year. That's if you add up all the good and bad years. Stocks actually greatly outperform real estate, which despite the recent bubble only goes up 3-4% annually over time. But the 7% is for the entire market.

As such, you need to make sure that you are diversified. That means you need to have a mix of red chips, blue chips, large, small, and mid cap, international, and emerging markets. Look at BRIC funds, which is basically Brazil, Russia, India, China... but I'm a bit leery of Russia with their strange government and Vladmir Putin.

Look for strong companies that might not have glamorous names or make fancy products. Companies like Johnson and Johnson, Johnson Wax, Coca-Cola, Mcdonalds, and so on. Companies that in good times or bad sell things that everybody needs or have a strong presence in countries like China. Look to stable companies like GE, IBM, and perhaps a few larger tech companies like Oracle and maybe even Intel. But be aware that Tech fluctuates and is not as stable as other industries.

I'd also reccomend mutual funds and also maxxing out your 401k if you have one. Those two alone could easily get you to retirement.

Now here's the kicker. I gather that you are young. The general saying today is that if you are to retire by the age of 60, then expect to live from age 60-100. If you plan on having an annual income of 40k after retirement, then you will need a total of 1 million dollars saved up by then. That might sound like a lot, but if you were to start at the age of 20 by simply putting a little less than 10% of your income into retirement per year until you were 60, you should have that or more by the time you retire. The reason is that as stated, a 7% avg median return in the market means that over time this percentage adds up and accumulates. Figure that you have 20k to start with by the age of 30. @7% times 10 more years will mean that if you did nothing more, that money would be worth close to 30k. Add more money and that percentage goes up even more.

So the bottom line is that most people fail to save enough because they start late. Start early and it doesn't take much to retire comfortably. You don't even have to make all that much income. Just remember that Warren Buffet, who still lives in a plain rancher house he bought 30 years ago and still drives plain cars didn't get rich by buying expensive houses, expensive cars, or trying to come up with kooky ideas. All he did was simply choose reliable, consistent, intelligent stocks that were connected to companies that sell what people want. That's really all there is to it. Understand the companies you're investing in, see who they sell to and understand why or how they will continue to succeed.

Anyhow- that's just my opinion. Good luck!
  Reply With Quote
Old 04-20-2009, 09:08 AM   #14
Longhorn.
goofyboy is a name known to allgoofyboy is a name known to allgoofyboy is a name known to allgoofyboy is a name known to allgoofyboy is a name known to allgoofyboy is a name known to all
 
goofyboy's Avatar
Joined: Sep 2008, #9559
Location: Katy, Tx
Gender: Male
Posts: 222
goofyboy's Tacoma Gallery
Read. go to the book store and pick up some books. Start with "The Millionaire Next Door." Great book that breaks down how millionaires live and how they gain their wealth.

then, try investing for Dummies. seriously, it will give you enough information to get started. How to read balance sheets, all the ratios, etc. Good luck.

Since we have this thread, who is in what right now? I just doubled up on Citi. in at $1.60 - out at $3.40. woohoo!!!

i have some other gambles in penny stocks for fun. better than poker.

Long term i have mutual funds, bonds and some blue chips.
  Reply With Quote
Old 04-20-2009, 09:15 AM   #15
Senior Member
bobwilson1977 is one of the sharper tools in the shedbobwilson1977 is one of the sharper tools in the shedbobwilson1977 is one of the sharper tools in the shedbobwilson1977 is one of the sharper tools in the shedbobwilson1977 is one of the sharper tools in the shedbobwilson1977 is one of the sharper tools in the shedbobwilson1977 is one of the sharper tools in the shedbobwilson1977 is one of the sharper tools in the shedbobwilson1977 is one of the sharper tools in the shedbobwilson1977 is one of the sharper tools in the shedbobwilson1977 is one of the sharper tools in the shed
 
bobwilson1977's Avatar
Joined: Jan 2009, #12328
Location: KaliFORN-I-A
Gender: Male
Posts: 1,370
bobwilson1977's Tacoma Gallery
I'm in, but never really went out. Almost all mutual funds and 401k stuff. I don't feel super comfortable with financial stocks or the general economy because the indicators are still crappy. unemployment is up, house prices are down, home sales are down, and I'm pretty sure inflation is around the corner. I'd also say that there's less clarity about what's going on with the banks these days.

I'm actually extremely conservative with my money and have most of it in cash simply because me and my wife are going to buy our house with cash and don't care to have any debt. That goes against what the experts say, which is to not pay off your house until you are approaching retirement since doing so means you are not being efficient and losing to general inflation that way. Oh well.
  Reply With Quote
Old 04-20-2009, 09:24 AM   #16
DanGer [OP] DanGer is offline
Avatar approved by 98tacomav6
DanGer is one of the sharper tools in the shedDanGer is one of the sharper tools in the shedDanGer is one of the sharper tools in the shedDanGer is one of the sharper tools in the shedDanGer is one of the sharper tools in the shedDanGer is one of the sharper tools in the shedDanGer is one of the sharper tools in the shedDanGer is one of the sharper tools in the shedDanGer is one of the sharper tools in the shedDanGer is one of the sharper tools in the shedDanGer is one of the sharper tools in the shed
Joined: Jun 2008, #7155
Location: Northern Virginia & Blacksburg
Age: 25
Gender: Male
Posts: 5,514
DanGer's Tacoma Gallery
Hey everyone (especially bob), thank you very much for the replies and advice. I am not looking to get rich quick. As you know I am young, and have been wanting to play with the market ever since some basic classes I took regarding it. I am not looking to put all my money down, just thinking about playing with a little tax refund. I am not looking to make a long term investment at this point, just gamble on some penny stocks for FUN. Yes I love to gamble and I think this is the perfect way to have some fun with it!
  Reply With Quote
Old 04-20-2009, 09:46 AM   #17
Senior Member
bobwilson1977 is one of the sharper tools in the shedbobwilson1977 is one of the sharper tools in the shedbobwilson1977 is one of the sharper tools in the shedbobwilson1977 is one of the sharper tools in the shedbobwilson1977 is one of the sharper tools in the shedbobwilson1977 is one of the sharper tools in the shedbobwilson1977 is one of the sharper tools in the shedbobwilson1977 is one of the sharper tools in the shedbobwilson1977 is one of the sharper tools in the shedbobwilson1977 is one of the sharper tools in the shedbobwilson1977 is one of the sharper tools in the shed
 
bobwilson1977's Avatar
Joined: Jan 2009, #12328
Location: KaliFORN-I-A
Gender: Male
Posts: 1,370
bobwilson1977's Tacoma Gallery
Just a few more thoughts. First of all, if you're 19 and investing, then congratulations. Smart move. I wish I had done that when I was 19. Secondly, just because a stock is cheap doesn't mean its good. Penny stocks are similar to day trading stocks. Might as well go to Vegas and pull the lever on some slots because buying penny stocks are about the same. If you want to do yourself some good, I'd recommend going to somewhere like Fidelity or Edward Jones and having them setup a fund for you. They'll have a wide variety of funds to choose from. Since you're young you can afford to be a bit more aggressive.That might not sound "sexy", but my Wife and her Grandmother did that decades ago and they are both what I'd call pretty well set for retirement. Both were middle class folks but are now in better condition than probably a lot of those who might have been better off.

Like I was saying, it doesn't take much. Buying individual stocks isn't something I'd recommend unless you really know what's going on.
  Reply With Quote
Old 04-20-2009, 09:54 AM   #18
Longhorn.
goofyboy is a name known to allgoofyboy is a name known to allgoofyboy is a name known to allgoofyboy is a name known to allgoofyboy is a name known to allgoofyboy is a name known to all
 
goofyboy's Avatar
Joined: Sep 2008, #9559
Location: Katy, Tx
Gender: Male
Posts: 222
goofyboy's Tacoma Gallery
Penny stocks can be fun. i am in a couple. One is a solid company that has been beat down due to the auto industry.

The other is complete crap shoot in the tech industry. I am hoping for a buyout due to them having quality products. Will sell it on the pop of the news.

OH - and buy on the rumor, sell on the news. Also, don't get greedy. Greed cost a family member $960,000. Once you sell, don't look back. take your profits and find your next investment.
  Reply With Quote
Old 04-20-2009, 10:06 AM   #19
Senior Member
bobwilson1977 is one of the sharper tools in the shedbobwilson1977 is one of the sharper tools in the shedbobwilson1977 is one of the sharper tools in the shedbobwilson1977 is one of the sharper tools in the shedbobwilson1977 is one of the sharper tools in the shedbobwilson1977 is one of the sharper tools in the shedbobwilson1977 is one of the sharper tools in the shedbobwilson1977 is one of the sharper tools in the shedbobwilson1977 is one of the sharper tools in the shedbobwilson1977 is one of the sharper tools in the shedbobwilson1977 is one of the sharper tools in the shed
 
bobwilson1977's Avatar
Joined: Jan 2009, #12328
Location: KaliFORN-I-A
Gender: Male
Posts: 1,370
bobwilson1977's Tacoma Gallery
Well as long as you have the attitude that penny stocks can be fun, that's fine. Just be careful though and don't expect much out of them. When you say automotive company are you talking Delphi?
  Reply With Quote
Old 04-20-2009, 10:28 AM   #20
bass turds
Veccster is one of the sharper tools in the shedVeccster is one of the sharper tools in the shedVeccster is one of the sharper tools in the shedVeccster is one of the sharper tools in the shedVeccster is one of the sharper tools in the shedVeccster is one of the sharper tools in the shedVeccster is one of the sharper tools in the shedVeccster is one of the sharper tools in the shedVeccster is one of the sharper tools in the shedVeccster is one of the sharper tools in the shedVeccster is one of the sharper tools in the shed
 
Veccster's Avatar
Name: Eric
Joined: Aug 2008, #8407
Location: Pittsburgh - The City of Champions
Age: 35
Gender: Male
Posts: 2,089
Veccster's Tacoma Gallery
I gambled with a penny stock last year. I invested $875 into a stock trading at $.075. The stock did a reverse split and I ended up with 10x LESS shares on a stock that is currently trading at $.0005.

I am still holding it as I want to use my capital loss appropriately. My $875 investment is now worth $.10 - yes...1 freaking dime!

The problem is that these stocks are not regulated. They are sold on "pink sheets". In my case, the owner of the company decided to change his company from a chain of stores selling greek food to being a tech company marketing VOIP services. This literally happens overnight and there is no news to indicate it is going to happen. That is when I lost my value. He has since done it again...sold everything and invested in a resort property on a Caribbean island.

Each time he changes businesses, he splits the shares and takes the value out of from investors. Aquire new investors and do it again and again and again. It seems criminal but it's legal. It is near impossible to follow his history and know what you are getting into



DGerm, if you want to gamble, don't do it in penny stocks. If you like gambling, you should know to stay away from a bet that gives you a 90% chance of losing it all. With the current market, you can still gamble on more stable companies. Put $500 into Citi or AIG. The government isn't letting those companies fuck around or go out of business. Good news comes out and the stock jumps 30% (or $150 for you).
  Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
In the market for a Tacoma, few questions SoCal 2nd Gen. Tacomas 6 02-24-2009 03:28 PM
stock market aaronatl Off-Topic Discussion 11 11-20-2008 04:06 PM
After market gauge questions ubermx5 1st Gen. Tacomas 0 10-20-2008 12:29 PM
How about that stock market? dually Off-Topic Discussion 4 10-13-2008 07:59 PM
Stock Market neontrail Off-Topic Discussion 11 10-10-2008 08:24 AM


Copyright © 2014 Tacoma Forum. Tacoma World is not owned by, or affiliated with Toyota Motor Corporation.