Any Stock Market Junkies? (1 Viewer)

Penguin

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Are you a stock market junky? If so, I'm a rookie investor and I need to ask a question. Here's the scenario:

I invested in a company listed on the NASDAQ. The stock has performed very well for me. Now, this company is taking steps to list on the NYSE. In the event that the company is listed on the NYSE, what happens to the shares that I bought on the NASDAQ? As a current stock holder, do I get any special priviledges on the NYSE IPO? I'm completely confused.
 
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TPS

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Read the prospectus (though I'm sure the change in listing won't really mean anything to the average shareholder except where their stock is actually listed unless they're issuing something else along with the change over).

I sold some FIZ today. I bought in for low $13 and sold out at high $17's. I've been wanting to look at Level 3 (communications) for a while. They're trading pretty low (low $6) but have been as high as $110ish a few years back before and around the tech crash. They have a new CEO who has a track record of increasing share value. I'm hoping to see mid teens or possibly low 20's after the 3rd or 4th quarter. btw, I don't think FIZ is played out by a long shot

TPS
 
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the agency

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I like to do what people say is risky and not good for you if your investing, I day trade. I have been doing it for a while and after doing taxes a few weeks ago I came out very well. I looked at a few charts and did some homework on Jones Soda, and Hansens and bought in before they blew up. Once they hit I sold and invested in some penny stocks Hydroflo being one. I bought in at .015 and watched all my money sink over the first 3 months but then in Feb. it jumped to .043 and I sold off. I will continue to play penny stocks but I play hansens and corning once or twice a week. Some times I have to wait to make a profit, but if its on the nyse I can sell off same day and make $1.30 a share.

I am not telling you to follow me, an I am sure those that haven't done i will say likewise, but if you will do the homework, and listen to folks like Jim Cramer, and read up on American Bulls, and you have a solid online broker ( I use scottrade) you should be fine. Its a risky business but its not that risky.
 

TPS

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Yeah, I use Scottrade too. I like their service and only paying $7.00 a trade, but I usually only do market orders - so I don't know how fast they are with other types of trades. :shrug:

I never did fool with penny stocks, but I worked with a guy who used to be all over them because of the action. You can make some big money doing that, and it sounds like maybe you do. Drop a line if you have any watch recommendations. :rock:

TPS
 

nolazach

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I lucked out with Google on the IPO, kept with that. Lost on some local companies. I like to day trade and not really look for the long haul. I wan't to make money now. With my first ever stock going from $75 to $115 in one day to over $500 and today around $470. Day trading and short term has been great.

I lucked out, and I invested in companies with Government contracts, except Halliburton. Also Satellite Radio, and a couple that I saw on Mad Money.
 

the agency

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I have a list of about 100 companys in the penny stock arena and while I haven't pumped into all of them, they all have a different purpose (bird flu, huricane, oil, etc.). If your interested in the list let me know. Drop me an im and I will send it to you.
 

theSpaniard

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Read the prospectus (though I'm sure the change in listing won't really mean anything to the average shareholder except where their stock is actually listed unless they're issuing something else along with the change over).

I sold some FIZ today. I bought in for low $13 and sold out at high $17's. I've been wanting to look at Level 3 (communications) for a while. They're trading pretty low (low $6) but have been as high as $110ish a few years back before and around the tech crash. They have a new CEO who has a track record of increasing share value. I'm hoping to see mid teens or possibly low 20's after the 3rd or 4th quarter. btw, I don't think FIZ is played out by a long shot

TPS
If you're into telecom, take a look at PAETEC.
 

the agency

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lol! That is awsome, I hope it hits $100 for you. I was going to buy VDSI back in March of last year at like $10 but got too worried, boy am I dumb!
 

Claw

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I like to do what people say is risky and not good for you if your investing, I day trade. I have been doing it for a while and after doing taxes a few weeks ago I came out very well. I looked at a few charts and did some homework on Jones Soda, and Hansens and bought in before they blew up. Once they hit I sold and invested in some penny stocks Hydroflo being one. I bought in at .015 and watched all my money sink over the first 3 months but then in Feb. it jumped to .043 and I sold off. I will continue to play penny stocks but I play hansens and corning once or twice a week. Some times I have to wait to make a profit, but if its on the nyse I can sell off same day and make $1.30 a share.

I am not telling you to follow me, an I am sure those that haven't done i will say likewise, but if you will do the homework, and listen to folks like Jim Cramer, and read up on American Bulls, and you have a solid online broker ( I use scottrade) you should be fine. Its a risky business but its not that risky.
I'm with you on that. It's fun. I use a Level 2 steam and day trade Options. I usually don't hold them for more than 24 hours and I try to never go out longer than a month. I've been doing it since I turned 18 in '98 and I've done really good and really bad at times. I got greedy (an immature 19 year old) around "bust" time and went for the kill with Cisco after they treated me right for a couple weeks. Needless to say my heart took a beating after every day ticked by and inched towards the expiration. Then my entire bankroll went bye bye. It took me a while to get back into it and now I think I am quite good at it. I've learned to set the amount I was looking for and release when and if I hit it. I do it mostly as a hobby and I average around 30% a WEEK only counting the amount that I "bet" + commissions. Every once and a while I get crazy when quarterly reports come out and when a split is about to take place. Buy (calls or puts) around 2:30pm and sell at the opening the next day while reaping a 300+% return literally overnight. Good stuff. If any body else dabbles with options please pm me with the possibility of collaborating ideas.


Example:

ATI (ALLEGHENY TECHNOLOGIES INC)

STOCK: 113.34 +2.48 = 2.1% for the day

OPTION: April $110 call = 23% for the day

<img src=http://i68.photobucket.com/albums/i8/cmrrhodes/ati.jpg>

Now that's money!
 
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TPS

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I hear ya Claw. I'm scared of that stuff. My father in law used to play the commodities and get cold feet right before they either hit or didn't and ended up never losing or winning anything. But the options :covri: , man they scare me to death. I guess when I can get my Scottrade account up a couple more grand, I'm willing to try with a thousand or something. The puts and calls can burn you though (or so I'm told). But all the really rich young guys I've run across seem to have had luck in the options market. I studied up on it, but sometimes I end up thinking backwards on that stuff (just like the short sales). I guess I need to go get me a good book on trading and see if I can figure it out a little better. Because I know, like in Las Vegas where a fortune can be won or lost on every deal or spin of the wheel, the same thing can happen in the options market. But if you're just doing it as a side thing where you can do it for fun, you can turn $1,000 into $100,000 in a few months and lose it as fast as you made it if you're not careful. It's a little scary for me (who despite what everyone might otherwise think, is a little conservative financially).

But any tips you guys want to throw out there or any recaps of good deals and why you made them after the fact, please do share. There are probably dozens of people who don't want to speak up who have accounts that would allow them to test the waters. And thanks.

TPS
 

the agency

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PM me also if you have insight on options. I know they are risky so I would like to hear from somebody that works with them. Also a few good medical stocks to look at right now that I know about are corning, and irbl.
 

the agency

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I can't wait to get my tax return. All that money is going strait to the market. Thank you FEMA!
 

the agency

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I want to upload or attatch my list of stocks so a few of you guys asking for them can get them however how do I do this. I haven't done it before and I hate being late with things like this.
 
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Penguin

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Wow, I had forgotten about this thread.
 

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