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Old 09-16-2015, 01:05 PM   #21
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Default Re: Penny Stocks

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Originally Posted by TastyLicks View Post
but options aren't available to everyone right? like don't you have to be offered the exclusive opportunity to buy options from the company or from large shareholders?

like options wouldn't be available to someone like me who doesn't know anyone. or am I wrong? thanks
You just need a brokerage account which you can do online. Many have minimum balances to trade options. Nearly all real stocks trade options on the CBOE, http://www.cboe.com/. For instance, Apple stock trades at $116 a share. An October 120 strike call option is about $2. Here's the symbol, AAPL151016C00120000. If the price of Apple stock goes up before October 16 you can make money. If it were to go to 125 then you can make $700-800 on a $200 investment. If you think it will go down you buy a put option.
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Old 09-17-2015, 11:18 AM   #22
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Default Re: Penny Stocks

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Originally Posted by usc90grad View Post
Penny stocks might be fun to play with, but are a terrible investment strategy. I wouldn't invest more than you can stand to lose.
amen to this. They can be fun to play with, but they really are not long term, for the most part unless you just get damn lucky and stumble onto the next big thing.
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Old 09-17-2015, 03:09 PM   #23
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Default Re: Penny Stocks

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amen to this. They can be fun to play with, but they really are not long term, for the most part unless you just get damn lucky and stumble onto the next big thing.
Penny stocks are a huge risk. I use money that I can play around with for those. Working a cash account rather than a margin, I can get in and out in the same day. Buy low, sell high over a day, a few days, or a couple of weeks. Make money and move on.

Always use a stop at worse. Stop limit is best because you can protect yourself and get out while you still have a profit.

However, I don't think you have to be lucky with penny stocks. There is analysis that can be done to make educated guesses on best buys. I'm learning and getting better at that. Although I am kicking myself today for being too greedy and not budging on the price. I bid lower and lost out on $25 in less than an hour.
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Old 09-17-2015, 03:13 PM   #24
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Default Re: Penny Stocks

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Originally Posted by uscjeremynca View Post
Penny stocks are a huge risk. I use money that I can play around with for those. Working a cash account rather than a margin, I can get in and out in the same day. Buy low, sell high over a day, a few days, or a couple of weeks. Make money and move on.

Always use a stop at worse. Stop limit is best because you can protect yourself and get out while you still have a profit.

However, I don't think you have to be lucky with penny stocks. There is analysis that can be done to make educated guesses on best buys. I'm learning and getting better at that. Although I am kicking myself today for being too greedy and not budging on the price. I bid lower and lost out on $25 in less than an hour.
oh, I didn't mean get lucky to make some money. I meant get lucky to find one you could retire on. As you said, $25 difference was being "greedy". I was thinking more of finding the one that turns out to be Apple or Facebook or something else that turns folks into millionaires or even better.

Just making a few hundred bucks can be done. As you said, play only in cash, certainly not on margin and as also state above, don't play with anything you can't afford to lose.
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Old 10-14-2015, 03:25 PM   #25
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Default Re: Penny Stocks

What do u guys think about ASTI? I've bought 750 shares in hopes that it would jump up. It's trading around 20 cents, but a lot of people are projecting it over a dollar before Christmas. Am I wasting my time here?
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