***The Official Penny Stock Thread*** - Buy the dip!

Discussion in 'The Mainboard' started by Fusiontegra, May 8, 2020.

  1. Struggler

    Struggler Well-Known Member
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  2. pacey

    pacey Well-Known Member
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    So how do we go from reverse stock split to this?
     
  3. Baseballman86

    Baseballman86 Well-Known Member
    Alabama Crimson TideAtlanta BravesAtlanta Falcons

    anybody going to buy a few shares just in case?
     
  4. pacey

    pacey Well-Known Member
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    Is that site in the least bit legit?
     
  5. Struggler

    Struggler Well-Known Member
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    No!
     
  6. Uncle Tupelo

    Uncle Tupelo Well-Known Member
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    Holding GHSI and XSPA into next week, gonna make 10s of dollars.
     
  7. Oranjello

    Oranjello Well-Known Member
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    You're joking, right? There is zero support in that article for the proposition that Microsoft will be buying them. The article goes from "here's what has happened" to "Microsoft will buy them in August, raising the stock"
     
  8. Jimmy the Saint

    Jimmy the Saint The future is a benevolent black hole
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    Penn State Nittany LionsGreen Bay PackersChelseaHartford WhalersPhoenix Rising

    I haven't done anything for years but hold index funds in my (very small) brokerage account until this week.

    Took a look back through my transactions and I got left holding the bag on Quest Management (QSMG) about 3 years ago. Think they were about to announce a "major cancer drug" or something at the time. Today it trades at a healthy $.0049.
     
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  9. Struggler

    Struggler Well-Known Member
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    Joking? What part of my post was confusing?
    MVIS was pumped earlier this week by this same untrue rumor. Everyone with puts (me included) was why the fuck is it going up today? This website was why. It is much better quality than the pumpers from earlier this week.
    Here is Mark Cuban’s hit piece website for the shorts he plays. http://sharesleuth.com/
     
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  10. Oranjello

    Oranjello Well-Known Member
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    As I explained in my reply, I asked if you were joking because the article was conclusory and lacked support. Clearly you lack reading comprehension, so best of luck and good night
     
  11. Struggler

    Struggler Well-Known Member
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    You’re a strange dude. Same to you.
     
  12. Oranjello

    Oranjello Well-Known Member
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    Sorry it's over your head
     
  13. NoNatty

    NoNatty Keyboard Cowboy
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    Oregon DucksPortland Trail BlazersSan Francisco 49'ersManchester UnitedPortland Timbers

    Bought IZEA earlier this week at 0.64. I should probably just eat my losses at this point (0.55 currently) right?
     
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  14. Oranjello

    Oranjello Well-Known Member
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    I bought at the peak of 0.72, and sold today at 0.555. It seems like I was the pump as they were dumping. Up to you, but I sold simply to get out and free up cash. That stock didn't seem to move much after the .50 to .79 pump
     
    #114 Oranjello, May 9, 2020
    Last edited: May 9, 2020
  15. Jimmy the Saint

    Jimmy the Saint The future is a benevolent black hole
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    My intro back into pennies was MVIS. I bought in at well above $1. Got that good reminder you never buy once its been pumped that much because:

    Warning: you are buying and selling junk
     
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  16. Struggler

    Struggler Well-Known Member
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    If you’re gambling. Discord posts say it pops again Monday. Earnings call on 5/14, so there is time for another run up. I do not own IZEA. Good luck!
     
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  17. Taffy

    Taffy Token Brit poster
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    The guys DD on BIOC can be found here:

     
  18. RockHardJawn39

    RockHardJawn39 #FranklinOUT
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  19. Baseballman86

    Baseballman86 Well-Known Member
    Alabama Crimson TideAtlanta BravesAtlanta Falcons

    A couple of the twits are claiming they’re buying a little MVIS again. I may throw a tiny amount and just forget about it, but I’m not going big at it again.
     
  20. Tecumseh

    Tecumseh Well-Known Member
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  21. Taffy

    Taffy Token Brit poster
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    FET is being mentioned as one to watch. Current price .46, target 1.06. God speed.
     
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  22. Jimmy the Saint

    Jimmy the Saint The future is a benevolent black hole
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    Fool me once and such.
     
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  23. Jimmy the Saint

    Jimmy the Saint The future is a benevolent black hole
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    Goddamnit

    [​IMG]
     
  24. HoosDaMan

    HoosDaMan Grumpy
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    We’re all counting on you.
     
  25. Fusiontegra

    Fusiontegra My life is dope and I do dope shit.#SparedByThanos
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    Options on this one, too...but only at 2.50 and 5
     
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  26. Fusiontegra

    Fusiontegra My life is dope and I do dope shit.#SparedByThanos
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    Guess I’ll be selling MVIS puts at open Monday. Becky and her fucking rumors are going to fuck around and drive the price up next week and fuck my perfect exercise up, I just know it.
     
  27. HoosDaMan

    HoosDaMan Grumpy
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    no idea who he is but I enjoyed his video
     
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  28. Struggler

    Struggler Well-Known Member
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    Becky too? Fuck. Karen’s friend, that works at Microsoft, said announcement by Tuesday.
    $2 puts to something a poor can afford on Monday? Hit me, dealer.
     
  29. HoosDaMan

    HoosDaMan Grumpy
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    Also, we apparently should be in FRSX
     
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  30. Baseballman86

    Baseballman86 Well-Known Member
    Alabama Crimson TideAtlanta BravesAtlanta Falcons

    Soooo the FRSX I’m holding may not be pure trash, nice.
     
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  31. ohbluefan

    ohbluefan Well-Known Member
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    KTOV making moves? Looks like it’s up 25%
     
  32. HoosDaMan

    HoosDaMan Grumpy
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    Top of the world, ma
     
  33. Taffy

    Taffy Token Brit poster
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    Up 20% PM
     
  34. Gaknight

    Gaknight Well-Known Member
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    Mark mark mark
     
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  35. Baseballman86

    Baseballman86 Well-Known Member
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    KTOV getting ready to fly?
     
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  36. ohbluefan

    ohbluefan Well-Known Member
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    I hope, I bought in at .40, what would you guys set your sell limit at? I’ve got it .90 now...higher or lower?
     
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  37. Tweek

    Tweek Active Member

    Seems like everyone on Reddit's penny stock community is pumping, only have 400 shares but let er rip baby.
     
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  38. gordon bombay

    gordon bombay magician's alliance enthusiast
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    Georgia Tech Yellow JacketsAtlanta BravesAtlanta HawksAtlanta Falcons

    I think KTOV is a longer play than most pennies. There is no reason for this company to suddenly fall IMO but also no real reason for it to increase like crazy minus the initial buy-in today
     
    Baseballman86 likes this.
  39. Baseballman86

    Baseballman86 Well-Known Member
    Alabama Crimson TideAtlanta BravesAtlanta Falcons

    I’ve been burned on a lot of these, so I’m probably closing 75% of mine if it hits 0.75-0.80
     
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  40. gordon bombay

    gordon bombay magician's alliance enthusiast
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    With these pennies, I think it is critical you set profit taking (and losses) at certain % levels, 50, 100, 150 etc. Figure out your system and stick to it no matter what the circumstance is
     
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  41. HoosDaMan

    HoosDaMan Grumpy
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    MARK is off and running
     
  42. gordon bombay

    gordon bombay magician's alliance enthusiast
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    Hit a stop with KTOV at 0.50, bought more at 0.489
     
  43. pacey

    pacey Well-Known Member
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    Thinking about buying more 5/15 MVIS $1 Puts
     
  44. pacey

    pacey Well-Known Member
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    If they drop down to $0.25 I think I am in for another 10
     
  45. Gaknight

    Gaknight Well-Known Member
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    Selling Mark at $1.30expecting a drop and it immediately shooting to $1.45 is a huge regret. Hopefully it comes back to earth because kicking myself right now.
     
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  46. Taffy

    Taffy Token Brit poster
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    What are the spreads like on RH? It looks like they're opening to the UK, curious to see if it's better than who I currently use. As an example, my current broker has BIOC at sell .4199/buy .43 which is pretty tight.
     
  47. Taffy

    Taffy Token Brit poster
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    Don't regret taking a profit, I'm sure you did ok anyway.
     
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  48. Dale Doback

    Dale Doback Well-Known Member
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    whoever compared this to the late stages of buying altcoins is dead on. just dumping money into random things i have no clue about.
     
    AubCabs, Struggler, Jimmy Mac and 4 others like this.
  49. Gaknight

    Gaknight Well-Known Member
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    It’s gambling basically
     
  50. HoosDaMan

    HoosDaMan Grumpy
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    It’s a nice replacement for sports betting. I’m enjoying myself.