general questions about penny stocks
Moderator: Aitrus
Re: general questions about penny stocks
Do yourself a favor and resist the allure of penny stocks.
Put your hard earned money into real companies!
PS. I also do wish I had bought SIRI at .11cents lol Sounds like a no-brainer now in hindsight, but I remember reading at the time, it seemed SIRI's options were very limited and the company was likely not going to survive the recession.
Put your hard earned money into real companies!
PS. I also do wish I had bought SIRI at .11cents lol Sounds like a no-brainer now in hindsight, but I remember reading at the time, it seemed SIRI's options were very limited and the company was likely not going to survive the recession.
- Snapdragon
- Posts: 251
- Joined: Tue Jan 29, 2013 5:26 pm
Re: general questions about penny stocks
I do a mix of penny stocks and big reliable companies. The penny stocks I have are companies I actually believe in, but that doesn't mean I won't lose money. As far as a broker I use TD Ameritrade. They are ok, but one thing they really got going for them is not charging extra for penny stocks. Every other site I check out want to charge much more for penny stocks. Check the fine print. Ameritrade also has good customer service over the internet and by phone. I can send you a referral email if you want, just PM me.
Re: general questions about penny stocks
It has been a long time since I visited this site.
If you consider trading penny stocks, then do your self a favorite learn OPTION since it is better and less risk with more reward if you apply by SELLING option and let the time decay to earn profit - use your money as margin (study well).
Here is a tip of a day
EFA (I fund) currently price at $58.37
Combination trade for June24
Sell $57 Put strike and Buy $57.5 Call for net credit $.10 (this is more than enough to cover the commission fees). Your breakeven is $56.90 (this is your cost or $1.47 less than the current price if you have to buy it on 06/24) and if it trading anything above that the money is your to keep. By trading this you already have $.87 in the money and if EFA continue to go up then your gain is unlimitted since you haven't spend any penny of your own.
I have option open for ETA same strike mentioned above with $.10 credit entered today.
I have TZA open (Sell $37.5 June24, Buy $39.5 July01 for even - breakeven at $24.13 or $39.05) and other open such AAPL, GDX, MLNX, etc.
If you consider trading penny stocks, then do your self a favorite learn OPTION since it is better and less risk with more reward if you apply by SELLING option and let the time decay to earn profit - use your money as margin (study well).
Here is a tip of a day
EFA (I fund) currently price at $58.37
Combination trade for June24
Sell $57 Put strike and Buy $57.5 Call for net credit $.10 (this is more than enough to cover the commission fees). Your breakeven is $56.90 (this is your cost or $1.47 less than the current price if you have to buy it on 06/24) and if it trading anything above that the money is your to keep. By trading this you already have $.87 in the money and if EFA continue to go up then your gain is unlimitted since you haven't spend any penny of your own.
I have option open for ETA same strike mentioned above with $.10 credit entered today.
I have TZA open (Sell $37.5 June24, Buy $39.5 July01 for even - breakeven at $24.13 or $39.05) and other open such AAPL, GDX, MLNX, etc.
“A brave man knows the circumstances and consequences of what he may encounter ahead…..but moves forward anyway.”
Re: general questions about penny stocks
Greedy cost me big time for today (my real TSP account on I fund). For regular account, I'm going to let it exercise EFA at $57 and sell $63 CALL Jan 2018 for $1.50, this will bring my average cost to $55.50. My only gain is on GDX 1000 shares covered CALL with basic cost at $24.20. This consider a gain as well that I'm going to let exercise GDX $27.50 PUT that I sold for $2.50, so my basic cost is $25. Lucky on APPL for calendar (separate trade) PUT $99 strike that I bought JUL08 for $2.92, but sold JUN24 for $3.11.
“A brave man knows the circumstances and consequences of what he may encounter ahead…..but moves forward anyway.”
Fund Prices2024-04-24
Fund | Price | Day | YTD |
G | $18.20 | 0.01% | 1.34% |
F | $18.64 | -0.24% | -3.04% |
C | $79.40 | 0.02% | 6.78% |
S | $78.08 | -0.18% | 1.28% |
I | $41.48 | -0.10% | 3.23% |
L2065 | $15.84 | -0.05% | 4.74% |
L2060 | $15.84 | -0.05% | 4.75% |
L2055 | $15.84 | -0.05% | 4.75% |
L2050 | $31.79 | -0.06% | 3.86% |
L2045 | $14.51 | -0.05% | 3.68% |
L2040 | $53.01 | -0.05% | 3.54% |
L2035 | $14.01 | -0.04% | 3.36% |
L2030 | $46.69 | -0.04% | 3.21% |
L2025 | $13.01 | -0.02% | 2.33% |
Linc | $25.40 | -0.02% | 2.00% |