Boiler Room: The Official Stock Market Discussion

[N.J.stan]

Damn, knew I should have grabbed LFIN or RIOT after hours yesterday with the Bitcoin recovery

To expand a bit further, what I meant is that OTC is basically bottom of the barrel when it comes to stocks. Essentially the exchange the stock trades on determines how much accounting disclosure/auditing a company is subject to. NYSE/Nasdaq > OTCBB > OTC. OTC is considered pink sheets and is subject to very little disclosure, which makes the likelihood of a scam/pump and dump much more likely.

On my other point regarding liquidity, is some of these stocks are only trading a few tens or hundreds of thousand shares per day. This isnt as a big a deal when that quantity still represents a high amount of money flowing through the stock, but when it represents only a few tens of thousands of dollars, it makes it much harder to get out of the stock when needed.

When I started trading, I was all about penny stocks cause of the percentages they moved. I got burned on a few and realized what the game was. Hope you do the same

 

[shagnificent belafonte]

Damn, knew I should have grabbed LFIN or RIOT after hours yesterday with the Bitcoin recovery


To expand a bit further, what I meant is that OTC is basically bottom of the barrel when it comes to stocks. Essentially the exchange the stock trades on determines how much accounting disclosure/auditing a company is subject to. NYSE/Nasdaq > OTCBB > OTC. OTC is considered pink sheets and is subject to very little disclosure, which makes the likelihood of a scam/pump and dump much more likely.

On my other point regarding liquidity, is some of these stocks are only trading a few tens or hundreds of thousand shares per day. This isnt as a big a deal when that quantity still represents a high amount of money flowing through the stock, but when it represents only a few tens of thousands of dollars, it makes it much harder to get out of the stock when needed.

When I started trading, I was all about penny stocks cause of the percentages they moved. I got burned on a few and realized what the game was. Hope you do the same

No doubt the only reason i picked them was because its a mining company out of china that holds a lot of cobalt i researched them but didnt realize the stock was otc till u pointed it out...i was looking at this as a longterm hold cause cobalt and lithium are gonna blow in the next few years and glencore shares were way to expensive for me....dammit guess i gotta start from square one

 

[shagnificent belafonte]

....and motley fool recognized them so i thought it was legit

 

[N.J.stan]

No doubt the only reason i picked them was because its a mining company out of china that holds a lot of cobalt i researched them but didnt realize the stock was otc till u pointed it out...i was looking at this as a longterm hold cause cobalt and lithium are gonna blow in the next few years and glencore shares were way to expensive for me....dammit guess i gotta start from square one

If ya did the research and they sound good, then it could be a good investment. Im extra leary of OTC and mining companies from past experiences. Just make sure you're using stop losses so you don't end up deep in the red

 

[Domingo Halliburton]

February vix came in at 12.1 right near spot vix. Traders here dont think any big drop is coming.

 

[Domingo Halliburton]

March Futures fukking killing it.....

 

[Domingo Halliburton]

Market seems to rotate to me:


Financials Tech


Someone like JPM or GS falls, NQ comes in and saves the day.

 

[Spidey Man]

I'm looking to invest and was looking at a direct stock purchase plan because it's cheaper than dealing with brokerages. Anybody got any info

 

[Macallik86]

I'm looking to invest and was looking at a direct stock purchase plan because it's cheaper than dealing with brokerages. Anybody got any info

Doesn't allow for diversification so you are potentially betting it all on red.

If you do your DD and are very confident in the stock then go for it. If not, you can buy stock with no brokerage fees via Robinhood. Alternatively, if you are looking for long term diversification, you can buy Vanguard mutual funds with no commission/fees at Vanguard.

 

[BushidoBrown]

$NFLX
smfh if the coli stock trader was still up and running

 

[Pimp]

Man I had 91 shares of Netflix and sold it at $143 last year because I was watching TV and they scared me out of it...

 

[mson]

Nasdaq rises record high as Netflix surges

Man I had 91 shares of Netflix and sold it at $143 last year because I was watching TV and they scared me out of it...

How much did you buy in at?

 

[Domingo Halliburton]

S&P is almost at Goldman's end year target.

 

[Domingo Halliburton]

2 year treasury yields over 2%

 

[BushidoBrown]

Man I had 91 shares of Netflix and sold it at $143 last year because I was watching TV and they scared me out of it...