#1
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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?
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#2
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Re: Bought 250,000 shares did I screw myself?
Yes you screwed yourself, don't buy .01 stocks.
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#3
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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. |
#4
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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.
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#5
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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. |
#6
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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. |
#7
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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.
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#8
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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 |
#9
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Re: Speaking of \"Penny Stocks\"
From what I've heard, dont invest in China unless you really know what your doing.
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#10
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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. |
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