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Anyone investing in growth/speculative stocks?

Discussion in 'BlackHat Lounge' started by mancar487, Aug 26, 2014.

  1. mancar487

    mancar487 Jr. VIP Jr. VIP Premium Member

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    I was curious if there are any BHWers here that dabble in the stock market? Especially growth/speculative stocks?

    I made some very good returns (about 300%) last summer with 3D printing stocks and now got my eye on electronic cigarette stocks!

    Thoughts?
     
  2. Aces SEO

    Aces SEO Jr. VIP Jr. VIP Premium Member

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    I did marjiuana penny stocks, make like 2000% but then it tanked. I ended up only gaining a little in the beginning of this year.
     
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  3. nessie

    nessie Registered Member

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    What do you guys think about Mobileye? MBLY
     
  4. D4RK KNIGHT

    D4RK KNIGHT Regular Member

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    I play the stock market and have been doing very well.

    A lot of my money was made in Q stocks. Q stocks are stocks that were trading on the big boards and then declared bankruptcy. They are then delisted and given a new ticker symbol which includes a Q, this the Q stock. These stocks then plummet and you are given the opportunity to buy billion dollar companies for pennies. There is a ton of risk in this but it can also be very lucrative. When the company comes out of bankruptcy the shares are almost always deemed worthless, but if you go in for awhile and get out before the restructuring, there is a ton of money in it.

    Some big plays of mine in that 2009 stretch:

    CEMJQ (Chemtura) bought at .045 and sold at 1.50
    SSCJQ (Smurfit Stone Container Corporation) - bought at .19 sold at 7.00
    SSCCQ (another class of Smurfit stock) bought at .03 sold at .70


    The real key to trading well is figure out a system and go with it. I trade mostly big board stocks now although I occasionally dabble in a Q stock play but they have largely cooled off.

    Stickky Stock Charts is a good book to look at.
    Heres another: http://www.amazon.com/How-Made-Milli.../dp/1897597991

    The book talks about developing a system and going with it. Trading should be non-emotional.

    If you also want to watch some interesting shows about trading check out Wall Street Warriors, you can find it on Hulu.

    Some episodes these guys lose a million dollars and they show no emotion because they followed their system. It's hard to be stoic, but if you can, you can make money in the stock market.

    One thing nice about Q stocks is the upside is huge considering there down so low to begin with.

    As far as day trading and channeling stocks here our some nice rules that have helped me trade more successfully.
    http://www.blackberrystocks.com/stocktradingrules.html
     
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