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This dude at work told me about this penny stock he's been watching and made some money on. So anyway today I bought $2000 worth and made $181 in like 2 hours!
Tight, eh?? 8)
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"Terminated!" :firing:
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Funny! That's just how the dot com's started before the bubble burst!
Keep an eye on it!
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yeah I know. I'll be watching it like a hawk
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dunno if i would invest 2g's in penny stocks. maybe a few hundred and the rest in blue chip. probably better off just goin to vegas if your that willing to put 2 g's down on a penny stock
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Hello,
Yeah thayne maybe you should go easy on your home brew!
No seriously take it easy on the market... diversify...
KevinDonatello - The Shredder? Michelangelo - Maybe all that hardware is for making coleslaw? -
Yes, I Know
- Jul 2003
- ...in and around the lake
Ah, yes. Remember "back in the day" when there were day traders at every brokerage house? I remember going to Waterhouse (one of my two brokers, the other being Schwab) and seeing about a dozen of those guys crowded around a terminal in the office. That was before the capability of trading online was widespread.
That was c.1999 or so. I remember thinking "what happens if the market goes south on them?"
Then in 2000, when it did, they all disappeared. By 2002, I walked into my local Schwab office and it was quiet as a morgue. A couple of guys sitting at a desk doing essentially nothing. I didn't have to wait to talk to someone, at least :P
Because there were so few people trading (as compared to the go-go days of the late 90's) Schwab starting raising fees and charging for things that used to be free. For example, they used to have a Visa card where they would reimburse you for any fees charged for using it at any ATM anywhere in the world. It was unlimited, but later they changed it to only 8 uses per month. Even later, they took it away from clients with less than a certain amount in their account (I think it was around $500,000).
Only very recently they have started to bring back some of the things they took away and dropped some fees. So things must be getting a little better.
Nonetheless, I'd not be risking a large amount of money on penny stocks. They have a tendency to go belly up when you least expect it. Usually right after a "glowing" earnings report.
Can't trust much after Enron.
Ethernet (n): something used to catch the etherbunny -
Master of Time & Space
- Feb 2004
- Denver, CO United States
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The closest I'm willing to get to penny stocks is the Fidelity Contra fund
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I am diversifed. 2g's is pocket changeOriginally Posted by yoda313Hello,
Yeah thayne maybe you should go easy on your home brew!
No seriously take it easy on the market... diversify...
Kevin
I sold all of my Intel stock (Which has lost money since I bought it). So,I can't really do any worse with this stock This guy I work with has his entire retirement in it! Now that's crazy!
"Terminated!" :firing: -
That guy is either plain stupid or is crazy.Originally Posted by thayne
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He's convinced it will go to $20 a share. It's at 12 cents a share now.
He's crazy but he's not stupid. He's made a lot of money in the staock market
"Terminated!" :firing: -
Master of Time & Space
- Feb 2004
- Denver, CO United States
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Reminds me of a few guys here at work years ago. There was this upstart genetic engineering firm in town that showed great promise. They supposdly were close to a cure for cancer ...or so many thought.Originally Posted by thayneI am diversifed. 2g's is pocket changeOriginally Posted by yoda313Hello,
Yeah thayne maybe you should go easy on your home brew!
No seriously take it easy on the market... diversify...
Kevin
I sold all of my Intel stock (Which has lost money since I bought it). So,I can't really do any worse with this stock This guy I work with has his entire retirement in it! Now that's crazy!
Several long-time employees, with substantial investments, took out all their money and sunk it in this company. Well, within months the stock went from $18/share to $2/share. Then just faded even lower the next year. Finally the company went under. These guys lost 20 or more years worth of retirement savings and the company's additional match of 66 cents for each dollar.
One guy lost more than a million bucks, the other about 900 thousand. 
They were screwed :P -
That sucks! Greed can fark you up if you let it get the best of you. No way in hell I would put all my eggs in one basket!Originally Posted by CapmasterReminds me of a few guys here at work years ago. There was this upstart genetic engineering firm in town that showed great promise. They supposdly were close to a cure for cancer ...or so many thought.Originally Posted by thayneI am diversifed. 2g's is pocket changeOriginally Posted by yoda313Hello,
Yeah thayne maybe you should go easy on your home brew!
No seriously take it easy on the market... diversify...
Kevin
I sold all of my Intel stock (Which has lost money since I bought it). So,I can't really do any worse with this stock This guy I work with has his entire retirement in it! Now that's crazy!
Several long-time employees, with substantial investments, took out all their money and sunk it in this company. Well, within months the stock went from $18/share to $2/share. Then just faded even lower the next year. Finally the company went under. These guys lost 20 or more years worth of retirement savings and the company's additional match of 66 cents for each dollar. One guy lost more than a million bucks, the other about 900 thousand.
They were screwed :P"Terminated!" :firing: -
Master of Time & Space
- Feb 2004
- Denver, CO United States
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The guys really thought they had found the brass ring on that company. It looked golden for a while and had actually made money for a while. The guys just picked the wrong time to climb aboard, or should I say - jump aboard.
Sinking it all in one company is just bad news. They guys learned that, and regret the day they ever heard of the company. Too bad it was after they lost all that money.
Penny stocks can be very smart to invest in, as long as you don't go nuts. It's like betting on a single number at roulette. Fine to drop a few bucks on it ....just in case, because the payoff is so good. But you'd never, ever drop all your money on that number
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YES! I'm up another 181 buck's so far today!
"Terminated!" :firing: -
Master of Time & Space
- Feb 2004
- Denver, CO United States
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8) Thayne's providing the beerOriginally Posted by thayneYES! I'm up another 132 buck's so far today!
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Make that $181.50!
I made another $50 while going to the coffee machine
"Terminated!" :firing: -
Yes, I Know
- Jul 2003
- ...in and around the lake
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$.50 = $50?Originally Posted by thayneYES! I'm up another 181 buck's so far today!
Make that $181.50! I made another $50 while going to the coffee machine
I'm in! Better back off on your coffee consumption, thayne
:P J/K
Ethernet (n): something used to catch the etherbunny -
No it was 132 then went upto 181.50, now I'm up $198 for the day
(I edited my original post)"Terminated!" :firing: -
If you guys have the guts for this, the symbol is NEOM
"Terminated!" :firing: -
Yes, I Know
- Jul 2003
- ...in and around the lake
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NeoMedia Micro Paint Repair, Inc.
NeoMedia Micro Paint Repair, Inc., is a business unit of NeoMedia Technologies, Inc. Formerly known as CSI International Inc. (www.csi-intl.com), the company specializes in products and services for the worldwide micro paint repair industry, including a system and processes utilizing proprietary technology.
About NeoMedia Technologies, Inc.
NeoMedia Technologies, Inc. (www.neom.com) is a developer and international marketer of software and patented technologies, including PaperClick(R) (www.PaperClick.net), PaperClick for Camera Cell Phones(TM) and PaperClick Mobile Go-Window(TM), which link products, print, and physical objects directly to targeted online data. NeoMedia also offers expertise in homeland security and e-authentication applications, and its Systems Integration Group specializes in providing expert-based IT consulting, hardware, and software solutions.
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So they are into painting cars and IT. Interesting combination of products/services.
Ethernet (n): something used to catch the etherbunny -
An update. I have made $2,331.07 since nov 12th on this stock. It's up 57.93%!
Between this and AMD I'm gonna be rich!
"Terminated!" :firing: -
Hello,Originally Posted by thayneAn update. I have made $2,331.07 since nov 12th on this stock. It's up 57.93%!
Between this and AMD I'm gonna be rich!
Remember:
BY LOW, SELL HIGH
Kevin
(or to make it really easy win big in the lotter!)
Donatello - The Shredder? Michelangelo - Maybe all that hardware is for making coleslaw? -
yeah but I think it's going to go a lot higher!
"Terminated!" :firing: -
Master of Time & Space
- Feb 2004
- Denver, CO United States
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Way to go Thayne
So ...will you be asking us OT regulars any time soon for our Christmas lists?
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NEOM has changed to NEOM.OB and is now up to 20.7 cents a share...that is if I am reading the thing right.
So....can I buy stocks online without a bunch of fees? -
hi,
i'm in...how do i start thayne? never traded before so i have no idea how to start with...give us some start/tips pls thanks
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It's upto .28 cents now
Made another $2000 today!
All you have to do to get started is open an account with scottrade, ameritrade or where ever. I like scottrade cause their fees are lower.
The fees for penny stocks are $12 per trade plus 1/2%
For regular stocks it's only $7."Terminated!" :firing: -
Here are some I own and like. Made money with all of them:
QQQQ NASDAQ 100. - Good safe but slow growth
CHK Chesapeake Energy Corporation - Good safe growth
Colonial BancGroup, Inc. (CNB) - Good safe growth
Advanced Micro Devices, Inc. (AMD) - One of my favorites and should go up nicely next year!!! I'm up almost 50% this year...
NEOM.OB - Very high risk, very high potential. I'm up 113% since November
"Terminated!" :firing: -
If you only had a real small amount in your retirement, like say, $1000, then it's not so crazy.Originally Posted by pacmania_2001
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He's made $35,000 in the last month, so I guess he's not so crazy afterall :OOriginally Posted by zzyzzx"Terminated!" :firing:
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