stupid stock tip panning out

SixPapaCharlie

SixPapaCharlie

May the force be with you
Joined
Aug 8, 2013
Messages
16,415
Display Name
Display name:
Sixer
I am on stockmarketcats forum
I suck at the stock market and I mostly dabble in penny stocks for fun.

Some dude posted about this stock called RDSH. I really have no idea what their deal is but I bought in at .012 on 7/10. Today it is .032

It has been climbing a lot. I have more than doubled my money in 3 months.

Maybe one of you more smart people can look at it and say get the hell out or stay in and see what happens.

I really treat the stock market like a scratch off. If it pans out, good if not, bleah.

Anyway, I am uneducated but at this point, I feel like sharing with people smarter than me in these matters. I really have no business playing with stocks but this time it is going in the right direction.

*This post is in no way intended to be an ad for smc forum, or rdsh.
I am not affiliated with either but I read the new TOC and and I know there are new rules in place but it is my birthday so I am giving myself a pass in the event this post violates them.
 
100+% return in 3 months on a high risk penny stock? Sell it...now.
 
Penny stocks are not bought. They are sold. By promoters who tout them to unsophisticated retail customers (i.e., suckers). Avoid them!
 
SixPapaCharlie said:
I am on stockmarketcats forum
I suck at the stock market and I mostly dabble in penny stocks for fun.

Some dude posted about this stock called RDSH. I really have no idea what their deal is but I bought in at .012 on 7/10. Today it is .032

It has been climbing a lot. I have more than doubled my money in 3 months.

Maybe one of you more smart people can look at it and say get the hell out or stay in and see what happens.

I really treat the stock market like a scratch off. If it pans out, good if not, bleah.

Anyway, I am uneducated but at this point, I feel like sharing with people smarter than me in these matters. I really have no business playing with stocks but this time it is going in the right direction.

*This post is in no way intended to be an ad for smc forum, or rdsh.
I am not affiliated with either but I read the new TOC and and I know there are new rules in place but it is my birthday so I am giving myself a pass in the event this post violates them.
Click to expand...

What a nice birthday present....
 
If you have close to tripled your money, sell. Sometimes you will not get the actual price it is "selling" for unless you have a massive amount of shares. If you feel you want to gamble, sell 3/4 of it to get your money back plus some and let the rest ride.

Penny stocks are high risk/volatility, but sometimes have great returns. They are not usually something you will make money on 3 months down the road, so I personally would sell now. I however did not research the stock you listed.

I personally do limit trades on penny stocks and will usually be in and out 1 to a few times a day on a stock depending how it's trading. 95% of the time, a few months later the stock is usually worth close to nothing.

OTC markets are a very dirty game...
 
Depends on what you think it is going to do. But if you keep it I would sell enough to get your initial investment out, then you are playing with money you didn't have in the first place.
 
Did you look at their 10Q or 10K?

This is purely opinion, and you are paying nothing for the advice.

Cash out instantly, if you can.
 
Okay, I will sell my buy-in tomorrow and just play with "their" money moving forward

attachment.php
 

Attachments

  • stock.jpg
    stock.jpg
    74.7 KB · Views: 348
The problem with penny stocks is that they are typically really easy to buy. Selling them is a different story.
 
Just set a hard or trailing stop loss. No need to just sell outright.
 
Turningfinal said:
Just set a hard or trailing stop loss. No need to just sell outright.
Click to expand...

If the stock is illiquid (likely!) this won't help much.

As has been suggested above, sell enough NOW to cover your invested cash and a reasonable profit and let the rest ride for a while. Have you looked at the balance sheet? Is there anything to this company?
 
Personally I'd never touch a penny but if you are up that much close it out, book your gain, and move on. 3 months is a really long time to hold a stock unless it's something you always want to own. Just my 2 cents.

Congrats on the gain!
 
Beware of "pump and dump" scams. They will find a penny stock with low liquidity so an individual or small group can bid up the stock price. Tout the incredible returns on message boards and then sell as others jump on the bandwagon. They take the ride up and you take the ride down.
 
Stingray Don said:
Beware of "pump and dump" scams. They will find a penny stock with low liquidity so an individual or small group can bid up the stock price. Tout the incredible returns on message boards and then sell as others jump on the bandwagon. They take the ride up and you take the ride down.
Click to expand...

No reason you can't take advantage of that if you're caught on it too. Sell your shares to the same suckers!
 
Penny stocks are worth about what you pay for them. There's a reason they're penny stocks! But as long as you're not betting your retirement funds on them, have fun!
 
VW is not a bad idea. They will come back.


Sent from my iPhone using Tapatalk
 
I've had good luck buying stocks after a muck up like BP at their lowest point after the Gulf spill.

The big one I missed was Martha Stewart when she got in all that trouble for insider trading. I should have known you can't keep that woman down.
 
Sell if you can find someone to buy it.

Even from a financial standpoint, there's nothing there. The company has a record of losing money and has negative share holder equity. This isn't going anywhere and will get there fast.
 
I work in financial services and know these penny stocks are worthless. Like has been said, 99% of the time, they are talked up on the internet so the price sky rockets from a penny to like a quarter, then the players sell their shares, and the stock plummets to 0.00001 and the suckers are left holding thousands of shares of garbage.

A few years ago, I actually missed out big time on one of these. The local morning news has this pick a stock segment and one day the picked a stock that was at like 50 cents or something. 6 months later, it was at $12 or something ridiculous like that, about 2500% rise. 6 months after that it was at like 3 cents. The smart ones could have made some sick money while the greedy ones got burned. I still regret not going in on it but I tend not to take my financial advice from the morning news anchors.:rofl:

Don't be greedy, if you tripled your money and can find somebody willing to buy it, tell Mortimer to sell sell sell. (Can you guess the movie reference?)
 
orange said:
I work in financial services and know these penny stocks are worthless. Like has been said, 99% of the time, they are talked up on the internet so the price sky rockets from a penny to like a quarter, then the players sell their shares, and the stock plummets to 0.00001 and the suckers are left holding thousands of shares of garbage.

A few years ago, I actually missed out big time on one of these. The local morning news has this pick a stock segment and one day the picked a stock that was at like 50 cents or something. 6 months later, it was at $12 or something ridiculous like that, about 2500% rise. 6 months after that it was at like 3 cents. The smart ones could have made some sick money while the greedy ones got burned. I still regret not going in on it but I tend not to take my financial advice from the morning news anchors.:rofl:

Don't be greedy, if you tripled your money and can find somebody willing to buy it, tell Mortimer to sell sell sell. (Can you guess the movie reference?)
Click to expand...

This has been my experience too, I would sell it all.
 
orange said:
Don't be greedy, if you tripled your money and can find somebody willing to buy it, tell Mortimer to sell sell sell. (Can you guess the movie reference?)
Click to expand...

IIRC, Mortimer was one of the two bums Eddie Murphy gave a bag of money to in "Coming to America."
 
Stingray Don said:
Beware of "pump and dump" scams. They will find a penny stock with low liquidity so an individual or small group can bid up the stock price. Tout the incredible returns on message boards and then sell as others jump on the bandwagon. They take the ride up and you take the ride down.
Click to expand...

I thought that's why Bryan started this thread in the first place.
 
Anymouse said:
IIRC, Mortimer was one of the two bums Eddie Murphy gave a bag of money to in "Coming to America."
Click to expand...
And one of the millionaires in Trading Places. The Coming to America part was a spin-off. In Trading Places, they lost all their money in a commodity trade (frozen orange juice...LOL) and became poor. Eddie Murphy was in both movies.

I just realized that they were in Coming to America as bums.
 
Last edited:
Just cashed in my 401k and bought 40 zillion shares of RDSH. Thanks for the tip, Bryan!
 
Ugh, do I have to put an instructional "Investing for PoA Dummies" video out? I'll do it ya know.....
 
Sell all of it, if you even can. Consider yourself lucky.
 
I bet you cant get .32.

Tell you a story. Guy buys a stock. Guy wonders how it is doing and calls broker. Broker says "its doubled". While later Guy calls and asks broker again. Broker says "its doubled again". "SELL IT" says Guy. "Who to?" says broker.
 
The Wolf of Wall Street pretty accurately much sums up penny stocks, IMHO.
 
orange said:
I work in financial services and know these penny stocks are worthless. Like has been said, 99% of the time, they are talked up on the internet so the price sky rockets from a penny to like a quarter, then the players sell their shares, and the stock plummets to 0.00001 and the suckers are left holding thousands of shares of garbage.

A few years ago, I actually missed out big time on one of these. The local morning news has this pick a stock segment and one day the picked a stock that was at like 50 cents or something. 6 months later, it was at $12 or something ridiculous like that, about 2500% rise. 6 months after that it was at like 3 cents. The smart ones could have made some sick money while the greedy ones got burned. I still regret not going in on it but I tend not to take my financial advice from the morning news anchors.:rofl:

Don't be greedy, if you tripled your money and can find somebody willing to buy it, tell Mortimer to sell sell sell. (Can you guess the movie reference?)
Click to expand...

I believe the correct movie reference would be "Trading Places" with Eddie Murphy and Dan Aykroyd.

Jean
 
I can't wait until I'm out of college and have money to just play in the stock market. My finance classes make me drool over the risk/reward of the market.
 
The price increase is riding on low volume. I view this as a head fake. I would take my winnings and walk.

SixPapaCharlie said:
Okay, I will sell my buy-in tomorrow and just play with "their" money moving forward

attachment.php
Click to expand...
 
calberto said:
I can't wait until I'm out of college and have money to just play in the stock market. My finance classes make me drool over the risk/reward of the market.
Click to expand...

They do, don't they. The reality is that the classes focus on just a handful of stocks of the tens of thousands that are out there. I wish the classes spent at least a little time on the ones that left people in the gutters.
 
Maverick said:
I believe the correct movie reference would be "Trading Places" with Eddie Murphy and Dan Aykroyd.

Jean
Click to expand...

Well, except that was CBOE options trading...
 
Gerhardt said:
They do, don't they. The reality is that the classes focus on just a handful of stocks of the tens of thousands that are out there. I wish the classes spent at least a little time on the ones that left people in the gutters.
Click to expand...

Read Malkiel's "Random Walk on Wall Street".
Sometimes it's better to be lucky.

The new theory of "investing" is trading options on stock with high volumes and making bets on the reversion to the mean. Volatility is currently in vogue as a good thing. Expect more of it.
 
Last edited:
You must log in or register to reply here.
Back
Top