playing with penny stocks

Society Business and Career
41

Re: playing with penny stocks

it was all red today.... so the market couldn't stand at 8000... i am predicting more rough ride for weeks to come. Loan/Credit-Cards .. are all shattering confidence ...

42

Re: playing with penny stocks

Bought 10,000 FAS at $5.85

Average cost 6.50 for 15,000 shares

43

Re: playing with penny stocks

Sold 10,000 @ $7.70

for a profit of $18,000

44

Re: playing with penny stocks

Which report says that?

45

Re: playing with penny stocks

Man I was hoping for a triple digit loss but didn't happen...may be tomorrow.

Nothing happening at my end today: everything was pretty much flat. Any recommendations?

Timepass - March 2013
46

Re: playing with penny stocks

Look at the balance sheet of banks, all the major lenders are in red. If the economy get worsened, their will be more defaults which will take banks down to earth !....

47

A $50,000 toy?

So, far, I have made $83,000 in the last 10 days. I am going to spend $3,000 on my family, take them to San Antonio for the weekend, stay at a four star hotel on the riverwalk, go boating, eat at fine restaurants and generally have a good ole time. (That way Obama cant complain I didnt do my part to stimulate the economy). I also gotta keep $30k for household expenses. That leaves me with about $50k extra to spend on what I want. Any suggestions?

48

Re: playing with penny stocks

Instead of San Antanio, have a visit of Venice. Make a stop in Madrid, and watch U2 live. I can get you front row tickets, they are costing 6000$ each .. i can't go meetings are lined up :(

49

Re: playing with penny stocks

Firenze, thanks for the offer. However, it is back to school on Moday for the young one. So, I dont think there is enough time to make a round trip to Europe. I also hate getting jet lagged and rushed on short trips. Also, I am not sure I am inclined to drop 12 Gs on a concert, anymore. I did love U2, Sunday Bloody Sunday, last year in college, but that was decades ago. So, were you planning on going with the family or with fellow workers? I think I would much rather book a three day hunting trip to Argentina with that 12G. Let me tell you … last year …then again let me not, coz I am only gonna bore you.

No, I think this weekend is S.A. I am going to try to watch the world shooting championships. Some of the best shots from all over the world will be there. Possibly get a few lessons with the world champion. Look at some competition guns. (They can end up costing about the same as those U2 tickets, possibly a lot more :faizy:).

I will probably take the family to Europe for a couple of months in the summer, like I do every year. I love the Costa Brava- a great way to beat the heat.

Bait Bazi March 2013
50

Re: playing with penny stocks

not a good time to invest yet imo, you need to be carefull what company you are choosing as most are likly to go bankrupt, especially the penny ones.
i only trade and dnt invest but you can make alot of money trading the indexes and futures.

51

Re: playing with penny stocks

Just a curiosity is it legal to invest in shares according to Islam. Plus i just registered myself to online barclays stockbrokers UK. Any guide line which company to invest in. Someone advised me to invest in LLoyds, i havent done it before so plz share ur first expiereinces.

52

Re: playing with penny stocks

its haraam as it comes under gambling.

but i would say you can do halaal investing is well like buying a stake in a company directly not through a broker, and you can keep those shares and earn dividends, but it hardly matters as these days haraam stuff is everywhere, your money must have come from a haraam transaction so it wouldnt become halaal if you use it in a halaal process, paper money itself is haraam anyway, i would say trading would be ok as we live in a riba dominated society.

Timepass - October 2013
53

Re: playing with penny stocks

as for investing i will say stay away from stocks, they are expensive and risky, buy stuff like ETFs, and commodites,

S&P 500:
a very juicy head and shouldars seem to have formed, with the bear rally continueing this seems like a good buy and gives a good indictation where the rally may go up to before droping again:

**silver will most likly cross the $50 mark due to these reasons i belive:
**- Inflation will destory the value of the dollar, gold/silver will rise

  • Highest ever number of u.s mint silver coins sold this year, (7 million)
  • goverments going crazying in printing money, will make you poorer and poorer unless you hold something with real value in it. gold/silver have intrinsic value in it.
  • gold is the favoirte right now, where it hit $1000 a few times and is testing resistance, once it breaks through it will fly up. this is golds biggest highs and is looking for an all time high now.
  • silver is very cheap and is no where near its all time high of $50s, its a bargain at $13
  • its very cheap compared to gold, the gold/silver ratio has gone past 70, which shows how cheap silver has become to gold.
  • about 71 ounces of silver buys 1 ounce of gold, its out of bounds completly compared to past data and would not stay like that.
  • during the great depression in 1930s the ratio hit the same amount and suddenly droped down to less then 20 ounces per gold.
  • the ratio has gone high because of a craze to own gold, people never think of silver, just like during the great depression, when when gap closed down, silver flew.
  • lastly gold/silver is the best hedge against inflation, with hyperinflation approaching both will fly, but i will rather buy silver as its near its lows while gold is at its highs.

if you get it right in silver this time, youll probably never have to work again, it can give you over 500% returns while gold will most likly not be more then triple of what it is and that may take a few years to happen.

all indicators are showing signs of gold going way past $1000.

the ratio is only for how many ounces of silver you need to buy one ounce of gold. both silver and gold are cosins and are banded togeher.
71:1 is a huge ratio its gone out of reach i dnt see it going higher anymore, it just doesnt seem right.

both assets will continue to rise due to a deeper and deeper crisis coming in the economy. we will have more stimulus packages and bailouts, the stock market bear rally may go on for sometime longer spurred but all the money pumped into the system by the fed, central banks will print more money to buy US treasuries for the time being keeping interests rates artificaly low and giving the illusion of stability and a recovery.

KAHAN MER GAI SAAREEEEEEEEEEY