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02-10-2008, 11:41 AM
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#476 | | What hasn't Killed me, has made me more tolerant of RS!
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| Quote: Originally posted by redliine
I would sell right now.. I think it's reached a peak and will prob take a breather this week. Of course this is just my opinion.. you prob have more experience than me! |
Yeh good call, from charts it looks like max, unless it breakthrough...which i doubt.
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02-10-2008, 02:40 PM
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#477 | | Tech Mod
Join Date: Nov 2001 Location: Surrey
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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
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2000 Acura 1.6 EL (showcar) :: retired
2003.5 BMW M3 :: sold | |
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02-10-2008, 03:53 PM
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#478 | | What hasn't Killed me, has made me more tolerant of RS!
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kaostik....any others potentials on your radar for week coming up?
Last edited by fa48; 02-10-2008 at 03:54 PM.
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02-10-2008, 06:43 PM
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#479 | | Tech Mod
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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.
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2000 Acura 1.6 EL (showcar) :: retired
2003.5 BMW M3 :: sold | |
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02-10-2008, 06:56 PM
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#480 | | What hasn't Killed me, has made me more tolerant of RS!
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hoping to to have SKFT go somewhere tommorow!.
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02-11-2008, 06:38 AM
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#481 | | Tech Mod
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time for all hell to break loose... gluck to those with positions in cctc
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2000 Acura 1.6 EL (showcar) :: retired
2003.5 BMW M3 :: sold | |
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02-11-2008, 11:14 AM
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#482 | | Banned (ABWS)
Join Date: Oct 2005 Location: Vancouver
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Good call on cctc Kaostik.
Just wondering if it's too late to get into it ?
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02-11-2008, 11:18 AM
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#483 | | My homepage has been set to RS
Join Date: Jul 2001 Location: Vancouver
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hurry iqw running
the split already happened if you asking about cctc
amc giving 40% dividend lol!
Last edited by Synarchist; 02-11-2008 at 11:38 AM.
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02-11-2008, 11:45 AM
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#484 | | Tech Mod
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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
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2000 Acura 1.6 EL (showcar) :: retired
2003.5 BMW M3 :: sold
Last edited by KaOsTiK; 02-11-2008 at 11:45 AM.
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02-11-2008, 12:40 PM
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#485 | | RS controls my life!
Join Date: Oct 2005 Location: 604
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| Quote: Originally posted by 7seven
Not bad .53 close, probably will gap up a bit for tommorrows opening. I got out at .515, not bad for a days profit, $46,000 and change, that'll buy a few beers. | sorry, i'm noob.
so you made $46,000 IN A DAY??!?!
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02-11-2008, 01:15 PM
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#486 | | RS controls my life!
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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
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02-11-2008, 01:17 PM
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#487 | | Wunder? Wonder?? Wander???
Join Date: Jul 2002 Location: Vancouver
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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 
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Boo
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02-11-2008, 01:21 PM
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#488 | | My homepage has been set to RS
Join Date: Jul 2001 Location: Vancouver
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nope still holding
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02-11-2008, 01:23 PM
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#489 | | OMGWTFBBQ is a common word I say everyday
Join Date: Nov 2005 Location: Vancouver
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| Quote: Originally posted by eddyc
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 | 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.
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02-11-2008, 01:25 PM
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#490 | | RS controls my life!
Join Date: Oct 2005 Location: 604
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| Quote: Originally posted by wouwou
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
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02-11-2008, 01:33 PM
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#491 | | Wunder? Wonder?? Wander???
Join Date: Jul 2002 Location: Vancouver
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| Quote: Originally posted by eddyc
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 | 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...
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Boo
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02-11-2008, 01:33 PM
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#492 | | My homepage has been set to RS
Join Date: Jul 2001 Location: Vancouver
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| Quote: Originally posted by eddyc
OHHHhhhh... right.
so playing with penny stocks is FREE???
What sites do you guys use to trade with penny stocks?
Thanks | LOL thats the funniest thing i read all day
hehe no its not free
and a good site is already mentioned in this thread
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02-11-2008, 01:50 PM
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#493 | | RS controls my life!
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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 | |
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02-11-2008, 02:03 PM
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#494 | | OMGWTFBBQ is a common word I say everyday
Join Date: Nov 2005 Location: Vancouver
Posts: 5,146
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| Quote: Originally posted by eddyc
OHHHhhhh... right.
so playing with penny stocks is FREE???
What sites do you guys use to trade with penny stocks?
Thanks | I am paying 4.95 with Questrade for up to 500 shares
or I can pay 10 for unlimited shares.
that PWNS 29 anytime
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02-11-2008, 02:05 PM
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#495 | | OMGWTFBBQ is a common word I say everyday
Join Date: Nov 2005 Location: Vancouver
Posts: 5,146
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| Quote: Originally posted by Scoobysnax
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... | actually any penny stock trades less than $1000 is pretty meaningless  | |
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02-11-2008, 02:15 PM
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#496 | | SFICC-05*
Join Date: Mar 2002
Posts: 7,135
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| Quote: Originally posted by wouwou
I am paying 4.95 with Questrade for up to 500 shares
or I can pay 10 for unlimited shares.
that PWNS 29 anytime | I think I might have to switch over... I'm using TD and $29 one-way is crazy compared to $10.
__________________ Quote:
Originally Posted by Hyde  nammer don't listen to me, they listen to money. do you know how cheap it is to have someone killed in vancouver? let alone a beat down | | |
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02-11-2008, 02:15 PM
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#497 | | I don't get it
Join Date: Jul 2004 Location: Vancouver
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| Quote: Originally posted by eddyc
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 | 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.
Last edited by forgamez; 02-11-2008 at 02:20 PM.
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02-11-2008, 02:21 PM
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#498 | | RS controls my life!
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| Quote: Originally posted by chun
I think I might have to switch over... I'm using TD and $29 one-way is crazy compared to $10. | chun, were you initially use the Web-Broker from the link above I posted?
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02-11-2008, 02:51 PM
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#499 | | My homepage has been set to RS
Join Date: Jul 2001 Location: Vancouver
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what happens when a stock gets delisted due to not maintaining the minimum requirements?
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02-11-2008, 05:53 PM
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#500 | | I answer every Emotion with an emoticon
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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 | |
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