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Should there be a separate Penny Stonk thread?  

58 members have voted

  1. 1. Speaketh yer mind Surlites

    • Keep everything in the Stonk thread
    • Make a new thread focused on Penny Stonks
    • Whatever RCRanger says is good by me
    • I'm good either way
    • Dickbutt - tree fiddy - OUsux - I just wanted to vote

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  • Poll closed on 02/04/2021 at 05:00 AM

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RC does your concern about Pfms r/s ease at all based on their outstanding shares being so low for a penny at 97M. Seems like every other penny/shell game is in the billions of s/o
The total of shares outstanding is actually 630,000,000.
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The total of shares outstanding is actually 630,000,000.

Why is TD showing 97M? Your number sounds more in line with otc pink... and even at 630M that’s still decent standing compared to the silliness I see on most of otc counts
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5 minutes ago, Anastasis said:

Just converted XMET to a free roll.  That thing is on fire. 

I got completely out at .011; kicking myself now.  I was in a free roll position then, but sold it all.  Kicking myself now.  If it drops back towards .012, I might try to do it twice.  @RCRanger03 is inspiring confidence.

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Just now, bluto said:


Why is TD showing 97M? Your number sounds more in line with otc pink... and even at 630M that’s still decent standing compared to the silliness I see on most of otc counts

It's the larger number. OTC Markets is usually the best place to look for that. It's very solid for this kind of play, but not above RM

Did yall see that sell off on XMET when it touched .02 this next time it's going to blow through the GTC sells that are sitting there

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SNVP is at a very precarious position right now. I actually can't exit ATM, because I think it will tank the stock, but if you have a small position try to get out on the peaks above .01 it lost the momentum and as I've been saying nothing real is propping it up. Without news, I fear this will be in the mid .00s today or tomorrow. I know for sure it won't survive the Friday sell off. 

Just my .02 

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1 minute ago, bluto said:

Lmfao at the two previous posts on snvp. If that ain’t stonks Idk what is

Right? And naturally, as I read RCRs post, my buy order filled. Now I have an open sell order ... hoping to catch a slight bounce at .012 so I don't hit wash sale rules if I try and buy back in.

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My stonks are bouncing all over the place, swinging my portofolio from green to red to green to red. I preferred the last 3 days which was just nuclear green. Lets do that again. 

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Just now, TexasHooch said:

Stupid question amnesty.... What do you all mean when you refer to "free shares" or "free roll position"?

You've sold enough shares to get your initial Money at Risk out of the stock.  The rest of the shares are pure gain.  

 

You bought 1000 shares of stock at $5/share.  That's $5000

Stock goes up to $10/share.  So you sell 500 shares, which gives you $5000 in cash, but you still have 500 shares free-ridin'  

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2 minutes ago, Trey3216 said:

You've sold enough shares to get your initial Money at Risk out of the stock.  The rest of the shares are pure gain.  

 

You bought 1000 shares of stock at $5/share.  That's $5000

Stock goes up to $10/share.  So you sell 500 shares, which gives you $5000 in cash, but you still have 500 shares free-ridin'  

That's what I figured but wanted to make sure.  Thanks.  Figures that it's the same terminology as the casino!

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10 minutes ago, capnamerca said:

TSNP showing really nice support.

I'm fully onto free shares of SNVP. Thanks to RCR for the pre-100% gain notification last night. Anyone have the Amazon Wishlist link? I owe :).

Yeah, I just cashed out 10 percent of my FPVD at >20X my initial investment, so locked up a little profit and free-rolling on the other 90%. 

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Trch has been on a strong run. Wish I would have upped my position there earlier this week. USMJ bounced hard this morning, lot of the pennies are all over the board. I moved to a free position on all my sub $.10 holdings over the last few days, so we’ll see what they do.

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I have held a weed stonk (SGMD) since August. Bought in at .0024 and it promptly went in the shitter and stayed down 30-50% since then. It was only $250 so rather insignificant. I cant even remember the reason for buying. Fucker has rocketed up to .0065 the last few days. If it hits .01, I'm selling and using that to fund the industry over the next year or so.  

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37 minutes ago, Blotto said:

I have held a weed stonk (SGMD) since August. Bought in at .0024 and it promptly went in the shitter and stayed down 30-50% since then. It was only $250 so rather insignificant. I cant even remember the reason for buying. Fucker has rocketed up to .0065 the last few days. If it hits .01, I'm selling and using that to fund the industry over the next year or so.  

Username and such. 

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11 minutes ago, deft said:

I wanna buy some shrooms stonks. Who sells OTC? Can’t find it on E*TRADE. Fidelity?

Minerco was a big runner a month or so ago (MINE). Can buy on Etrade.

Edit...I take that back...just looked at it and it also had a big bump in Feb. I think a few people here had it. 

Edited by Blotto
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1 hour ago, hayden_horn said:

got in snvp at .0075, and just got out at .0079. looked pretty good earlier this week, though.

1 hour ago, hayden_horn said:

hmmm, might have bailed too early on snvp. alas.

These are the things that you learn from experience, I personally never sell into bid on a freefall. Even shit stocks get dead cat bounces. The problem I have is you can't sell 1M shares on the bounces. I think I'm going to hold today base. I'll sell into the ASK if there is a run later today or tomorrow. It's all free shares anyways, but I think I'm officially done with Suneel Sawant.

Plus then I can get fully into the Roth deal. I'm dying watching candidates pass me by

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13 minutes ago, Blotto said:

Minerco was a big runner a month or so ago (MINE). Can buy on Etrade.

Edit...I take that back...just looked at it and it also had a big bump in Feb. I think a few people here had it. 

Made a little money on that shroomer, that and MEDH are the only two psychadelic/weedstocks I've not gotten absolutely demolished on. I'm steering clear until I can get a better handle on that sector

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On 2/3/2021 at 9:47 AM, Blotto said:

VPER is making another strong run sitting at .022 this morning (bought in at .0037 on  1/26). bought some UATG this morning at .008. Took a customer call that lasted 30 minutes and check back in and its already over .01 (sniffed .012). 

Oh hey there UATG, watcha doin? 

image.png.a3bddca51b5b4978828bf36ceeb6b261.png

I also sold my COWI for .0042 today that I bought for .0007 on 1/26. I'm just buying shit with no research other than an initial uptick in volume and everything is just going up. this market is fucktarded.

 

Edited by Blotto
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I used to do this back in the late 90s early 2000s.  I remember one of them was a peat moss company.  You guys are going to sucker me in with $50 plays aren't you?

What is the deal with SNVP?

Any lumber plays?

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41 minutes ago, Trey3216 said:

I've got a big buy order on PFMS sitting a little below the current price, yet I haven't seen any shares move on it for around 20 minutes.  Uggh  

The Level 2’s shown pretty big gaps all day. Not sure why exactly. I wanted to see if it would move so I sold 100,000 shares at .0145 and then was able to buy them back at .013. 

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8 minutes ago, Burt Macklin said:

The Level 2’s shown pretty big gaps all day. Not sure why exactly. I wanted to see if it would move so I sold 100,000 shares at .0145 and then was able to buy them back at .013. 

How do taxes work on these kinds of things? The selling is a taxable event, even without taking it out of the account, right? If so, you could hold on to the shares you got at .013 and still owe taxes on the initial selling, correct? I'm just wanting to make sure come next April that I don't put myself on the hook for a large tax bill based on earnings I have tied up in current stocks. 

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52 minutes ago, Trey3216 said:

I've got a big buy order on PFMS sitting a little below the current price, yet I haven't seen any shares move on it for around 20 minutes.  Uggh  

order filled, minus two zeros on quantity (damn mobile app).  Got a cool $13.00 worth.  Lets ride.

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16 minutes ago, Burt Macklin said:

The Level 2’s shown pretty big gaps all day. Not sure why exactly. I wanted to see if it would move so I sold 100,000 shares at .0145 and then was able to buy them back at .013. 

I was trying to buy All or None 500k shares at .013.  Couldn't get it done.  

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12 minutes ago, KYHorn said:

How do taxes work on these kinds of things? The selling is a taxable event, even without taking it out of the account, right? If so, you could hold on to the shares you got at .013 and still owe taxes on the initial selling, correct? I'm just wanting to make sure come next April that I don't put myself on the hook for a large tax bill based on earnings I have tied up in current stocks. 

You owe tax on what you sell when you sell it, doesn’t matter what you do with the proceeds. If you sell part of what you bought, your gain is based on the cost basis per share.

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