Sub Forum: PENNY STOCKS

Lagg-Alot said: "Does anybody else here trade penny stocks? I know a lot of people hate them, and when ever I mention penny stocks in these forums a bunch of people jump on me with the warnings of lossing my money. I was just thinking if we had a seperate sub forum devoted just for stocks say under $10 in share price, than all the people who don't like to partisapate in those discussions can just avoid the forum. Or is it that the temptation to spam promotion to high? Feed back? Administrator?"

Darren said: "Hell no. There won't ever be a penny stock forum here at all."

thezster said: "[QUOTE=Lagg-Alot]Does anybody else here trade penny stocks? I know a lot of people hate them, and when ever I mention penny stocks in these forums a bunch of people jump on me with the warnings of lossing my money. I was just thinking if we had a seperate sub forum devoted just for stocks say under $10 in share price, than all the people who don't like to partisapate in those discussions can just avoid the forum. Or is it that the temptation to spam promotion to high? Feed back? Administrator?[/QUOTE] This site used to have a penny stock forum. It was full of constant spam/pumping/crap... the regulars were often rude and more prone to personal attacks than equity investigation. The site eliminated that forum about 4 - 5 months ago and things have been quieter, to be sure - but considerably more professional. It is hard to have an intelligent conversation/discourse about a stock that is worth $00.0001 and such..... Might as well have a forum for blackjack and roulette players....."

thezster said: "[QUOTE=Darren]Hell no. There won't ever be a penny stock forum here at all.[/QUOTE] Why don't you tell us what you "really feel"??:eek:"

Heather said: "Another "nay' vote for me. Penny pumpers are sort of rude and work to rip people off."

ADEBISI said: "i dont think it sounds like a horrible idea, but you can always just start a thread with the particular stock you are interested in"

Rickster said: "Not even with your money."

ADEBISI said: "[QUOTE=Rickster]Not even with your money.[/QUOTE] HUH?:confused:"

Heather said: "It is a horrible idea that won't be happening.. We've already been there and done that.."

Rickster said: "[QUOTE=ADEBISI]HUH?:confused:[/QUOTE] I wouldnt trade penny stocks with someones elses money, let alone mine."

ADEBISI said: "oh ok, ha ha ha"

Harry said: "It would have to be a pretty compelling penny stock to survive this place. :D Sadly everybody think's their penny stock is compelling for the wrong reason. That's the only category that you can con a few people to buy and make the stock number actually go up. Why don't you just buy a whip and torture yourself?:D"

drumcat said: "Do you remember the game ? You place your hands under the other persons hands, then pull your hands back without getting your hands slapped. Penny stocks same game."

Harry said: "Since we're talking about forum policy in manner of speaking, I may draw the ire of more than a few posters saying this... ... but I kinda feel like ~day-trading comments~ and ~short to long term investment themes~ should be totally separate. Some stock threads get a little convoluted when one school is chatting up "investment strategy" while another school chat's up profit by small shifts by buying large quanities. Sometimes it's like 2 different conversations. Newbies gotta be pulling their hair out. :eek:"

thezster said: "The trouble with trying to restrict long term investments away from short term investments in a forum is - that there is quite often an overlap in rationale for buying/selling equities, regardless of time frame. For instance, the subject of a July 28 "rally" affects both types of investors - drawing the interest of both types - and giving both types of investors insight into the rationale of each other. Personally, I give newbies the credit for being able to sift through the information and drawing out the parts that pertain to their own style (or future style) of investing. If they can't do that - maybe they should be considering a savings account at their local branch bank. All that being said - if you would prefer the "daytrader faction" to refrain from posting to your threads - just say so - I, for one, would respectfully honor that request."

Rickster said: "[QUOTE=Harry]Since we're talking about forum policy in manner of speaking, I may draw the ire of more than a few posters saying this... ... but I kinda feel like ~day-trading comments~ and ~short to long term investment themes~ should be totally separate. Some stock threads get a little convoluted when one school is chatting up "investment strategy" while another school chat's up profit by small shifts by buying large quanities. Sometimes it's like 2 different conversations. Newbies gotta be pulling their hair out. :eek:[/QUOTE] I will agree with you to the extent that I think it would be helpful if people would give some indication of how long they intend to hold a stock when they talk about it. It would also be helpful if people asking for advice would give some indication whether they are short, medium or long term traders. Unfortunately it seems many people dont have a time frame in mind. They just like to buy stuff. I also think it would be helpful if people that dont like daytraders/daytrading would refrain from posting in threads started in the Day Trade sub forum. I take that back. They help keep the threads bumped to the top of the New Posts search list."

thezster said: "[QUOTE=Rickster] I also think it would be helpful if people that dont like daytraders/daytrading would refrain from posting in threads started in the Day Trade sub forum. I take that back. They help keep the threads bumped to the top of the New Posts search list.[/QUOTE] I, for one, don't mind a bit when a long term "investor" type questions my threads in the daytrading forum. I know they don't understand my rationale for what I do (buying MAGS for example)- but their questions sometimes make me think about, on occasion, the equities in question. And, if I can enlighten them (not change their minds.... simply enlighten them) - well, great. If not - no problem - I'm not here to change people's minds - simply to try to explain what I do if asked. I'm the first to admit that I'm nothing special - I simply do what I do - with reasonable success over a number of years. Plus, as you mention - it keeps the thread current and makes readers "think" - which is the main objective of this web site-is it not?"

Lagg-Alot said: "Does anyone here have a Link to a forum that talks about penny stocks?"

Heather said: "A search for "penny stock forum" at Google should turn up some links for you, Lagg-Alot."

thezster said: "[QUOTE=Lagg-Alot]Does anyone here have a Link to a forum that talks about penny stocks?[/QUOTE] PM coming at ya...."

BenHouston said: "[QUOTE=Lagg-Alot]Does anyone here have a Link to a forum that talks about penny stocks?[/QUOTE] I still talk to a few of our old posters from our penny stock forums...they all went to another board that is basically just one big penny stock forum...I have the link at home, however i am at work right now so dont know it off hand."