Yeh good call, from charts it looks like max, unless it breakthrough...which i doubt.

so tomorrow's the big day...it'll definitely be interesting to see what happens.

i have my 'plan' of what i wanna do with CCTC tomorrow...so we'll see if it all works out.

gluck

kaostik....any others potentials on your radar for week coming up?

i have a bunch that i wanna watch...bbp and ixs, amongst a few others.

i really wanna babysit cctc tomorrow though. we'll see what happens.

hoping to to have SKFT go somewhere tommorow!.

time for all hell to break loose... gluck to those with positions in cctc

Good call on cctc Kaostik.

Just wondering if it's too late to get into it ?

hurry iqw running
the split already happened if you asking about cctc
amc giving 40% dividend lol!

well, it's been tighter than i had hoped..but i had this scenario mapped out, and so far i;ve made a nice return on a couple moves today. right now i'm gonna leave what i have in there as a long term hold..but i've also put in a sell order good on the day for 1/4 of my s/h at $25 (just in case ;)).


nice little run by IQW. I caught it late but still made a few bux

sorry, i'm noob.

so you made $46,000 IN A DAY??!?!

also another question for you experienced traders. I'm newbie and I saw every trade cost around $29 a transaction (relative to the trading company you're with)...

So if I'm planning to play with penny stocks, let's say I buy a 10 shares @ .50 and sell them on couple hours later for $1.00...

I would have made $5 profit, but would have to pay $58 ($29X2) for the TWO transactions I made? So I would have taken a loss at $53...

Is my logic right?

Is it really worth it to be trading it at $29 / transaction then? Or does daily- trading usually outweighs the costs??

Thanks

did you guys take your profits from the IQW run? I was stuck in a meeting and wasn't able to get on the run until later :(

nope still holding

you need to change your broker and google is your friend on that.

Basically for transaction costs 29+, you can not afford to play with daily transactions unless you are going at the million level.

OHHHhhhh... right.

so playing with penny stocks is FREE???

What sites do you guys use to trade with penny stocks?

Thanks

lots of brokerages are cheaper than $29 if you trade a lot. Eg. TD waterhouse is $10 if you do a min of 30 trades per 3 month cycle, $7 if you do a min of 150. Questtrade is even cheaper!

I can understand you buying a few shares of a blue chip like google or berkshire, but penny stocks? You shouldn't even do a trade if your total cost of the transaction is less than $100...

LOL thats the funniest thing i read all day

hehe no its not free
and a good site is already mentioned in this thread

If I register a Trading account at TD Waterhouse, it should be the following right? (The Web-Broker?) anyone use this?

https://www.tdwaterhouse.ca/tour/webbroker5/screen1.jsp

I am paying 4.95 with Questrade for up to 500 shares

or I can pay 10 for unlimited shares.

that PWNS 29 anytime

actually any penny stock trades less than $1000 is pretty meaningless:D

I think I might have to switch over... I'm using TD and $29 one-way is crazy compared to $10.

No one would only put in like $5 per trade. Trading stocks is not like buying lottery tickets. You need a more than a few dollars of capital at risk.

You really need to be putting in at least a couple of grand PER TRADE to make trading worthwhile. I think a good amount to start off with is 10K.

Anyways, you really should be careful with Penny Stocks and do your own research. Most penny stock markets are completely rigged anyways for the promoters. Not that you can't make money from trading penny stocks, but it is far different than your traditional investments in large caps or mutual funds.

chun, were you initially use the Web-Broker from the link above I posted?

what happens when a stock gets delisted due to not maintaining the minimum requirements?

eddyc - like others mentioned, there is no point investing money unless you are starting out with at least 1500-2000 imo.. you will start slow but once you start making money you will start to see some decent results. And yes your logic was right in regards to the loss of x amount of dollars from the $5 investment or whatever haha

The more capital you begin with, the more money you can make/ lose. If you are investing in penny stocks I would highly recommend reading a book or two. You and your account will be swallowed up in no time if you are not wise.

On another note, APWR moved up 8.2% today :) now sitting at $17.80.

Patience looks like it may pay off for me this week :D