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Lawyerssuck 01-03-2005 09:29 PM

Bullshit!!
 
Quote:

Originally Posted by MetaformX
Most Mutual Fund managers would kill for a 11% gain in 1 YEAR now a days. How about a 11% gain in 3 DAYS on a day when the Markets are down? :)

http://www.studiocash.com/stock1.jpg

Here is one penny stock you listed.

To anyone who does not know. A penny stock is any stock that trades under $5.00.

Lawyerssuck 01-03-2005 09:34 PM

Bullshit!!!
 
I wait for an entry point, get in, then ride the uptrend untill there is a change in the chart, and I exit, usually for a 5-15% gain, and sometimes I get lucky and hit a 50% one, like I did with GIGM last month. :)[/QUOTE]

Here is a second penny stock you listed. I guess when you wrote you are not going to list penny stocks you lied.

I am telling all of you do not trust this guy. He does not have a fucking clue on how to trade.

slavdogg 01-03-2005 09:35 PM

Quote:

Originally Posted by lazycash
Sure, keep a thread going in here of your daily picks and any info on your methods would be helpful. I trade subpenny stocks and do very well, but I don't recommend it for anyone new. The last 4 days have been great, up 350% with hpon.

Oh man, that is really subprenny
413,470,415 Volume. DAMN shit loads
i dont remember last time i've seen such a huge volumes if ever
whats the future for this stock ?

MetaformX 01-03-2005 09:39 PM

Quote:

Originally Posted by Lawyerssuck
You wrote that the MOST you lose on a stock is 2% because you put a stop loss in. Now you write that you will not post penny stocks on this board. You also wrote that when trading penny stocks you can have as little as $5,000. If someone only has $5,000 they can only trade penny stocks to make any kind of money.

It is IMPOSSIBLE to put a stop loss in on a penny stock. So when YOU buy a penny stock you can lose more than 2%. So by you writing that you can ONLY lose 2% is wrong.

The two stocks you mentioned in this thread are penny stocks. Why don't you list the last 20 stocks you have traded. I am not intereted if you made any money so their is no need to tell me how much money you made.

Now to answer your question about how long I hold a stock on a "buy & hold". Where did I write that I did hold a stock for a period of time?

haha, there you go again puting words in my mouth. You nick is lawyerssuck, but you sure act like a lawyer :)

The stocks I mentioned, are OTC stocks, I mentioned them as examples. I am providing my service here for free, no catch, and my results speak for themselves, so I don't see what your getting your panties in a bunch about.

You keep bringing up penny stock. Show me exactly my quote where I said "you can start trading PENNY STOCKS for $5000".

Oh, and show you 20 stock I've traded that are not penny stocks? How about 23?

DNDN
WIN
VISG
VCLK
TNH
REMC
MIPS
MAGS
IRGI
IDBE
NYFX
GNA
OTIV
DAL
CAL
CHKP
BPT
ADSX
AA
SLR
DISK
CRGN
LMIA

Anything else I can for you?

slavdogg 01-03-2005 09:42 PM

Quote:

Originally Posted by Lawyerssuck
A penny stock is any stock that trades under $5.00.

Pennystock is any stock that trades OTC

lazycash 01-03-2005 09:44 PM

Quote:

Originally Posted by MetaformX
Will do bro. HPON, now that is really a penny stock. Look at that volume, I guess it's the SIRI of the OTC, huh?

Believe it or not there are tons with more volume than that, its like this little world of micro penny stocks that the normal trader has no idea exists. Lots of hype, pumpers and bashers and lots of market maker manipulation, but if you're willing to accept substantial risk there can be incredible returns. Watch prrm over the next three days, should be at min 200% return.

MetaformX 01-03-2005 09:49 PM

Quote:

Originally Posted by slavdogg
Maybe 200% is possible over short term, but over long term that % gain will come down a lot especially with daytrading. i dont know what it would have taken to make 200% in the market over the last few months, but making A LOT of money in the market in just the last few months would have been very easy.

Market was up nicely since the summer, many stocks were up big

Here are few examples of where i made money over the last few months
MCHX +30% since early Dec
GOOG +100% since IPO
IACI +20%

and bunch of others in the same range


slav, your right, if you got in the market about 3 months ago, you should have at least a 20% gain, which is pretty amazing for 3 months. The market has been going up good. The key toa good trader is one who makes money when the market goes up, and when it comes down.

lazycash 01-03-2005 09:53 PM

Quote:

Originally Posted by slavdogg
Oh man, that is really subprenny
413,470,415 Volume. DAMN shit loads
i dont remember last time i've seen such a huge volumes if ever
whats the future for this stock ?

Well I got in early on a tip and rode it up on a momentum play, but stuck with it longer than usual and its paid off. I was about to sell today, but they are previewing a new disposable cdma cellphone at the CES show on Wednesday so I'm banking on the hype putting it over a penny, but will sell quick if it dips back much more. As far as big volume, I saw cmkx do 20 billion in volume in one day last summer.

MetaformX 01-03-2005 09:54 PM

Quote:

Originally Posted by Lawyerssuck
Here is one penny stock you listed.

To anyone who does not know. A penny stock is any stock that trades under $5.00.

LoL! Okay, now I know your even more confused than I first thought. Here is a lesson for you: A penny stock is a stock on the OTC (over the counter board). OTC stocks = volitaile.

GIGM for example is a nasdaq stock, NOT a penny stock. There are many nasdaq and NYSE stocks that are under $5, they are called SMALL CAP, not "penny stocks". Anything else you need a lesson on? I'll be happy to teach you.

Lawyerssuck 01-03-2005 09:54 PM

Here you go.
 
As far as your starting capital, I won't mention how much I trade with, it's a good amount, but I would recomend that you start out with at least $10,000, although since I trade low priced stocks (because they are the most volitaile) you can start out with as little as $5000 and still be able to grow that, although the more starting capital, the better. I use margin, but in order to use margin and you are classified as a day trader(you do 4+ trades per day), SEC rules mandate that you have a minumum of $25,000 in your account.

I guess you did recommend starting with at least $5000.00. I guess you did recommend trading penny stocks with that $5,000.00. Are you trying to suggest that someone can actually make money trading a $50.00 stock with just $5,000.00?

You are a fucking fraud. Anyone who even thinks about following anything you pick is a fucking idiot.

$5 submissions 01-03-2005 09:54 PM

Go for it, I'm open for some new ideas.

Lawyerssuck 01-03-2005 09:59 PM

You do not know dick about stocks.
 
Quote:

Originally Posted by MetaformX
haha, there you go again puting words in my mouth. You nick is lawyerssuck, but you sure act like a lawyer :)

The stocks I mentioned, are OTC stocks, I mentioned them as examples. I am providing my service here for free, no catch, and my results speak for themselves, so I don't see what your getting your panties in a bunch about.

You keep bringing up penny stock. Show me exactly my quote where I said "you can start trading PENNY STOCKS for $5000".

Oh, and show you 20 stock I've traded that are not penny stocks? How about 23?

DNDN
WIN
VISG
VCLK
TNH
REMC
MIPS
MAGS
IRGI
IDBE
NYFX
GNA
OTIV
DAL
CAL
CHKP
BPT
ADSX
AA
SLR
DISK
CRGN
LMIA

Anything else I can for you?

You are a complete dick. Almost every stock you posted is considered a penny stock. If a stock trades under $5.00 it is considered a PENNY STOCK.

You are providing a service that is free but you do not know dick about the stock market.

MetaformX 01-03-2005 10:00 PM

Quote:

Originally Posted by Lawyerssuck
As far as your starting capital, I won't mention how much I trade with, it's a good amount, but I would recomend that you start out with at least $10,000, although since I trade low priced stocks (because they are the most volitaile) you can start out with as little as $5000 and still be able to grow that, although the more starting capital, the better. I use margin, but in order to use margin and you are classified as a day trader(you do 4+ trades per day), SEC rules mandate that you have a minumum of $25,000 in your account.

I guess you did recommend starting with at least $5000.00. I guess you did recommend trading penny stocks with that $5,000.00. Are you trying to suggest that someone can actually make money trading a $50.00 stock with just $5,000.00?

You are a fucking fraud. Anyone who even thinks about following anything you pick is a fucking idiot.

Sounds like you are the idiot here. I mean you don't even know the difference between a OTC stock and a nasdaq small cap. Why should anyone listen to you? ahaha

I am a fraud? haha. I own an adult business, it's not I came on here to sell crack you moron. I am offering my advice to anyone who wants it, and offering it for FREE. Do you understand that?

And no, you don't buy $50 stocks with $5000 in capital. You buy $5 stocks. They do exist you know, and they are not called penny stocks. Hit me up on icq, I'll give you a lesson on how the market works.

PersianKitty 01-03-2005 10:01 PM

What? no Google? I got in on Google at $85 a share. Yummy!

MetaformX 01-03-2005 10:07 PM

Quote:

Originally Posted by Lawyerssuck
You are a complete dick. Almost every stock you posted is considered a penny stock. If a stock trades under $5.00 it is considered a PENNY STOCK.

You are providing a service that is free but you do not know dick about the stock market.

Here you go, time to go eat some crow. Anything else? You are amusing though, I think I will keep you around.

"Definitions of Penny stock: Stock that typically sells for less than $1 a share, although it may rise to as much as $10/share after the initial public offering, usually because of heavy promotion. All are traded OTC, many of them in the local markets of Denver, Vancouver, or Salt Lake City."

http://www.google.com/search?hl=en&l...ne:Penny+stock

Wolfy 01-03-2005 10:07 PM

Quote:

Originally Posted by liquidmoe
I used to watch Wall Street and Boiler Room almost nightly, I think got the majority of the good lines memorized at this point. Always a great movie night for some motivation to get work done the next day :thumbsup

"Your mom doesn't like what you do? 'Fuck you Mom!' Your dad doesn't like it? 'Fuck you Dad!' See how it feels when you're making their fucking Lexus payment!"

I have no idea how close I got to that, it's been two years - but I love those movies, both of em ;) Ben Affleck gave the best interview in the fucking world in that movie. :P

"I'm a dinosaur around here, it's a damn good thing I'm good at what I do"

MetaformX 01-03-2005 10:09 PM

Quote:

Originally Posted by PersianKitty
What? no Google? I got in on Google at $85 a share. Yummy!

Nice. :) I actually thought Google was overpriced when it came out, I guess I was wrong. Are you still holding?

slavdogg 01-03-2005 10:10 PM

Quote:

Originally Posted by Lawyerssuck
If a stock trades under $5.00 it is considered a PENNY STOCK.

Here just for YOU
from webster
penny stock " The stock of a small company not listed on a major exchange and traditionally selling at less than a dollar a share"

http://answers.com/main/ntquery?s=penny+stock&gwp=8

MetaformX 01-03-2005 10:12 PM

Quote:

Originally Posted by slavdogg
Here just for YOU
from webster
penny stock " The stock of a small company not listed on a major exchange and traditionally selling at less than a dollar a share"

http://answers.com/main/ntquery?s=penny+stock&gwp=8

Slav, don't worry about this guy, I think he has a mental disorder :) He is funny though.

slavdogg 01-03-2005 10:13 PM

Quote:

Originally Posted by Wolfy
"Your mom doesn't like what you do? 'Fuck you Mom!' Your dad doesn't like it? 'Fuck you Dad!' See how it feels when you're making their fucking Lexus payment!"

I have no idea how close I got to that, it's been two years - but I love those movies, both of em ;) Ben Affleck gave the best interview in the fucking world in that movie. :P

"I'm a dinosaur around here, it's a damn good thing I'm good at what I do"

my favorite line,
"there is always a sale made...... "

I Like Chocolate 01-03-2005 10:14 PM

I would only hold onto Google if the short interest was high. Id definitely get rid of that and SIRI before summer when the market could tank.

MetaformX 01-03-2005 10:17 PM

Quote:

Originally Posted by SexualRB
I would only hold onto Google if the short interest was high. Id definitely get rid of that and SIRI before summer when the market could tank.

SIRI may be topping at these levels. It will try to get over $8, but if it can't get over $8 I would sell it because its going to 6.70. If it breaks that, look out.

slavdogg 01-03-2005 10:17 PM

Quote:

Originally Posted by PersianKitty
What? no Google? I got in on Google at $85 a share. Yummy!

nice one PK,
i got in at $100, sold half at $200 a month+ ago
now waiting to sell the rest after Feb 1 and before Feb 14th

Lawyerssuck 01-03-2005 10:33 PM

Quote:

Originally Posted by MetaformX
LoL! Okay, now I know your even more confused than I first thought. Here is a lesson for you: A penny stock is a stock on the OTC (over the counter board). OTC stocks = volitaile.

GIGM for example is a nasdaq stock, NOT a penny stock. There are many nasdaq and NYSE stocks that are under $5, they are called SMALL CAP, not "penny stocks". Anything else you need a lesson on? I'll be happy to teach you.

You do not know dick about the stock market. It does not amtter what exchange a company is on. ANY stock that is under $5.00 is considered a penny stock. A lot of profolio managers will not even look at a company that sells for less than $5.00 because theya re considered penny stocks.

I am telling all of you this guy does not know shit about the stock market and you will lose your ass if you go by his picks.

PersianKitty 01-03-2005 10:34 PM

Quote:

Originally Posted by MetaformX
Nice. :) I actually thought Google was overpriced when it came out, I guess I was wrong. Are you still holding?


Yes I am.. but after today I'm seriously thinking about letting some of it go.

$5 submissions 01-03-2005 10:34 PM

Watch out when playing the Pink Sheets/OTCBB lots of scams there.

Lawyerssuck 01-03-2005 10:35 PM

Ha Ha!!!
 
Quote:

Originally Posted by MetaformX
SIRI may be topping at these levels. It will try to get over $8, but if it can't get over $8 I would sell it because its going to 6.70. If it breaks that, look out.

Tell us why we should "look out" if it goes under $6.70?

Wolfy 01-03-2005 10:39 PM

MetaformX, I think there is a few people (inclucing myself) who want to hear what you have to say. Put the lawyer guy on ignore and go on with your thread, very interesting stuff. :D

Lawyerssuck 01-03-2005 10:39 PM

Reason
 
Here is the reason this guy is going to list his picks. When he buys one of his penny stocks he is going to list it so then if you buy it the stock price will go up and that will mean he can get out of the stock with a profit. It is called "PUMPING".

This guy has a motive to post this garbage. Do not listen to anything he says.

Lawyerssuck 01-03-2005 10:40 PM

90 days
 
Quote:

Originally Posted by Wolfy
MetaformX, I think there is a few people (inclucing myself) who want to hear what you have to say. Put the lawyer guy on ignore and go on with your thread, very interesting stuff. :D

Within 90 days this guy is going to lose money and if you take his advice you will be right with him. You have been warned. This guy does not know shit.

TheHatchet 01-03-2005 10:42 PM

My portfolio has gone up 110% in the last 2 months.

lazycash 01-03-2005 10:46 PM

Quote:

Originally Posted by Lawyerssuck
You are a complete dick. Almost every stock you posted is considered a penny stock. If a stock trades under $5.00 it is considered a PENNY STOCK.

You are providing a service that is free but you do not know dick about the stock market.

Why the hell are you all over meta's ass? He just came on here offering some tips and picks and you immediately jump all over him. Why don't you chill and let him post some of his methods and specific picks before you rush to call him a fraud.

As far as the definition of a penny stock, the SEC defines it as you say, any stock under $5.00. However, most trading individuals, groups and organizations do not use that definition and set their own criteria based on being an otc or pk, under $1.00 or $2.00 or some use market cap criteria. Every penny stock group that I belong to classifies anything under $1 as a penny stock and this seems to be the prevailing definition amongst traders.

Lawyerssuck 01-03-2005 10:52 PM

Here is why.
 
Quote:

Originally Posted by lazycash
Why the hell are you all over meta's ass? He just came on here offering some tips and picks and you immediately jump all over him. Why don't you chill and let him post some of his methods and specific picks before you rush to call him a fraud.

As far as the definition of a penny stock, the SEC defines it as you say, any stock under $5.00. However, most trading individuals, groups and organizations do not use that definition and set their own criteria based on being an otc or pk, under $1.00 or $2.00 or some use market cap criteria. Every penny stock group that I belong to classifies anything under $1 as a penny stock and this seems to be the prevailing definition amongst traders.

People are going to read this and think this guy is so great when in actuality he does not know dick and they are going to lose money. Most people try to get rich quick and if they read that this guy has made 210% in just two months they are going to buy what this guy recommends and they will get burned.

ALL institutional investors definition of a penny stock is any stock that trades under $5.00. It does not matter what exchange they are on. This under a $1.00 definition is bullshit. Anyone who has any knowledge in the stock market knows this to be a fact.

lazycash 01-03-2005 10:53 PM

Quote:

Originally Posted by Lawyerssuck
Here is the reason this guy is going to list his picks. When he buys one of his penny stocks he is going to list it so then if you buy it the stock price will go up and that will mean he can get out of the stock with a profit. It is called "PUMPING".

This guy has a motive to post this garbage. Do not listen to anything he says.

Man, you're trying your best to ruin what otherwise could be a constructive thread with lots of ideas. Just relax, I can assure he isn't a pumper and thats not his objective here. He's merely sharing his recent success and some methods that he is employing.

MetaformX 01-03-2005 10:55 PM

Quote:

Originally Posted by Lawyerssuck
You do not know dick about the stock market. It does not amtter what exchange a company is on. ANY stock that is under $5.00 is considered a penny stock. A lot of profolio managers will not even look at a company that sells for less than $5.00 because theya re considered penny stocks.

I am telling all of you this guy does not know shit about the stock market and you will lose your ass if you go by his picks.

You've already been proven wrong on this one by mne and Slav. Stop beating a dead horse and just eat the crow already.

MetaformX 01-03-2005 10:59 PM

Quote:

Originally Posted by Lawyerssuck
Here is the reason this guy is going to list his picks. When he buys one of his penny stocks he is going to list it so then if you buy it the stock price will go up and that will mean he can get out of the stock with a profit. It is called "PUMPING".

This guy has a motive to post this garbage. Do not listen to anything he says.


OMG. You are an idiot. I already told you, I will NOT post OTC stocks on here. Why do you keep mentioning the same thing over and over again?

And I don't even know why I am gonna answer this, but listen here Idiot, the picks I will be posting will all have a average daily volume of 1 million shares per day.

You think that an extra 10,000 shares by GFY'ers is gonna make a difference in the price? You are seriously an idiot man. I mean I have a big grin on my face typing this, just laughing at you and you supposed knowledge of the market.

MetaformX 01-03-2005 11:00 PM

Quote:

Originally Posted by Wolfy
MetaformX, I think there is a few people (inclucing myself) who want to hear what you have to say. Put the lawyer guy on ignore and go on with your thread, very interesting stuff. :D

Thanks Wolfy, I won't let this moron ruin the thread. He was amusing at first, but now he is getting boring, so soon I will put him on ignore.

lazycash 01-03-2005 11:06 PM

Quote:

Originally Posted by Lawyerssuck
People are going to read this and think this guy is so great when in actuality he does not know dick and they are going to lose money. Most people try to get rich quick and if they read that this guy has made 210% in just two months they are going to buy what this guy recommends and they will get burned.

ALL institutional investors definition of a penny stock is any stock that trades under $5.00. It does not matter what exchange they are on. This under a $1.00 definition is bullshit. Anyone who has any knowledge in the stock market knows this to be a fact.

Why the fuck are you so concerned with what people think of his posts? Again, he hasn't come in pumping or acting like a guru, he's simply sharing some of his recent success. Just sit back and don't be so damn close minded, we all have different ways of trading. If you can pick up one new idea then this thread will be beneficial.

As far as the defiinition of a penny stock, for you to say that "all" institutional investors classify it as under $5 tells me you don't trade pennies. Scroll down and read "Penny Stocks" http://www.investorguide.com/igustocktype.html

slavdogg 01-03-2005 11:09 PM

Quote:

Originally Posted by Lawyerssuck
Here is the reason this guy is going to list his picks. When he buys one of his penny stocks he is going to list it so then if you buy it the stock price will go up and that will mean he can get out of the stock with a profit. It is called "PUMPING".

This guy has a motive to post this garbage. Do not listen to anything he says.

i agree with you here dude if he posts penny stocks.

When it comes to small caps and mid caps stocks, THE GFY reach os so tiny that his Pumping effect will be non existent.

everything one reads online must be taken with a grain of salt.
and doing your own research is ever more important.

MetaformX 01-03-2005 11:15 PM

Quote:

Originally Posted by slavdogg
i agree with you here dude if he posts penny stocks.

When it comes to small caps and mid caps stocks, THE GFY reach os so tiny that his Pumping effect will be non existent.

everything one reads online must be taken with a grain of salt.
and doing your own research is ever more important.

Right, if I post a penny that does 30,000 shares per day, than someone can make the claim that I am trying to "pump". But I only pick liquid small caps, stocks that do at least 500,000 shares per day, most do 1-2 million. No amount of pumping will move a stock price in a liquid NASDAQ small cap.

But no matter how many times I will say I won't post OTC stocks, he keeps on saying the same thing like a broken record. It's like, dude, give it a break already.


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