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Talking stocks, trading, and investing in general

Discussion in 'Business, Careers & Education' started by mikeman, Feb 2, 2011.

  1. SkinnyGoomba

    SkinnyGoomba Stylish Dinosaur

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    They're going to invade our portfolios this morning.
     


  2. idfnl

    idfnl Stylish Dinosaur

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    So anyone researching weed stocks?
     


  3. Concordia

    Concordia Distinguished Member Dubiously Honored

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    I'm sure there's a lot of primary research being done. Whether the analyst can remember to write down his findings is another question.
     


  4. idfnl

    idfnl Stylish Dinosaur

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    It was a serious question :embar:
     


  5. stevent

    stevent Distinguished Member

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    You wanted mcig right? Really wished I bought but didn't realized it jump 7 cents to 20 cents then I thought it was too much :facepalm:
     


  6. otc

    otc Stylish Dinosaur

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    I was the one who wanted to buy mcig.

    TD Ameritrade wouldn't let me trade it without going through a live broker for whatever reason...I didn't want to pay that much money to open a relatively small position so I gave up on it.

    Too bad...looks like it would have been worth the transaction costs.
     
    Last edited: Mar 3, 2014


  7. GreenFrog

    GreenFrog Stylish Dinosaur

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    I've never bought an OTC stock before -- how does it work?

    I kinda want to open a small position in a marijuana stock.
     


  8. otc

    otc Stylish Dinosaur

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    With every other one I have bought...it worked like any other trade.

    With mCig, they would throw an error saying that opening transactions must be placed through a broker. Not really sure why (and I doubt every brokerage does this, although I googled it and found reference to eTrade doing it too)...yeah it is a volatile penny stock in a questionable market, but it can't be any shittier than some of the other penny stocks out there.

    Should have just done it...the fee for broker-assisted trades is high, but I probably could have tried to get them to waive it since I was forced to make it through the broker.
     
    Last edited: Mar 3, 2014


  9. idfnl

    idfnl Stylish Dinosaur

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    I bought a little. What the hell.
     


  10. jbarwick

    jbarwick Distinguished Member

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    When I traded a couple penny stocks through Scottrade I had to incur a fee if the stock was <$1. It wasn't anything huge but depending on your position side you had to factor that cost into the trade as well as I think it was a percentage and not just a flat fee.
     


  11. GreenFrog

    GreenFrog Stylish Dinosaur

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    Looking to buy FB.

    And dare I say... TSLA? I wanna ride dat momentum!
     


  12. idfnl

    idfnl Stylish Dinosaur

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    You're pretty late to both parties. Be prepared to ride the dips until they reach new levels. FB just finished a major move. TSLA may have a little run left in it.
     


  13. GreenFrog

    GreenFrog Stylish Dinosaur

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    I'm looking to get into FB at under $65 so I set some price triggers. Hoping to get in before the next earnings release.

    As for TSLA.. man I have no words for this stock. It defies all logic and reason. I'd be scared to get in right now as I think the downside risk is much, much higher right now. But I was saying that at $140, too.
     


  14. otc

    otc Stylish Dinosaur

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    I just bought 750 shares for fun (all the cash I had in my account). It might be priced too high now although it could go higher. TD Ameritrade for whatever reason is no longer requiring a broker to initiate a position.

    Of course when I first wanted to buy it, it was only 7c a share....I was probably going to buy $500-$1000 worth which would now be worth up to $7500 which would have been worth the $44.99 fee for trading with a broker.
     


  15. crispeta

    crispeta Well-Known Member

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    Would have thought the same at 140; fortunately picked it up in the 120s.. :slayer:
     


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