Bought 250,000 shares did I screw myself?
 

Bought 250,000 shares of HTAC its cheap and looks like with new Healthcare bills that it could be back at its .50 cent range some day, am I nuts? Better question average daily market isnt even 250k did I kill myself here?

Re: Bought 250,000 shares did I screw myself?
 

Yes you screwed yourself, don't buy .01 stocks.

Re: Bought 250,000 shares did I screw myself?
 

Almost afraid to ask, but WHO convinced you to buy shares in a stock on the pink sheets selling for less than 1 cent/share?

FWIW, these shares have an effective value of 0 once the pump and dump brokers are done with it.

Re: Bought 250,000 shares did I screw myself?
 

sorry bud...first rule in investing in the stock market....dont buy stocks under $7 a share.

Re: Bought 250,000 shares did I screw myself?
 

Why do you think it could be back to .50 some day? Did you do any fundamental analysis on the Company?

Try an experiment - find out how much stock you can sell back at your purchase price - you'll then have a good idea on the quality of your investment.

Re: Bought 250,000 shares did I screw myself?
 

[ QUOTE ]
sorry bud...first rule in investing in the stock market....dont buy stocks under $7 a share.

[/ QUOTE ]

that's a pretty bad rule. but yes, buying penny stocks without having a clue is very bad.

Re: Bought 250,000 shares did I screw myself?
 

Buying stocks under a $1 is usually a better rule. There are some good stocks under $7, like PartyGaming, but I can't think of any under $1.

Speaking of \"Penny Stocks\"
 

Any thoughts on this one PGCN.OB

I know it's trendy but I think the medical industry in china has to grow with it's expanding economy and they have made alot of deals to help them gain significant market share.

But I'm a noob at trading,

Danger

Re: Speaking of \"Penny Stocks\"
 

From what I've heard, dont invest in China unless you really know what your doing.

Re: Bought 250,000 shares did I screw myself?
 

[ QUOTE ]
sorry bud...first rule in investing in the stock market....dont buy stocks under $7 a share.

[/ QUOTE ]

Far from the first rule, and comparing a listed stock trading at $5 to a pink sheet stock trading under 1 cent, is a little silly.

There are low priced stocks that are good investments.