11 replies to this topic

[Thrash]

There is a stock that I am up on 1000% since purchase. I bought 90 shares at 9 cents a piece. As of now, it sits at $1.15 a share giving me a $95 gain.

 

This company is involved with marijuana among other things, mostly cultivation and growing.

 

This has all occurred over a matter of 6 months.

 

It's up and down everyday now, loses 5 cents, gains it back the next day. It's a penny stock so it's very volatile.

 

So, should I get out now?

 

for reference: http://www.marketwat...ting/stock/trtc

[rotty]

sell (puff puff) high

[*Anastasia]

My feelings are sorta split. On the one hand, I imagine marijuana-related businesses are only going to get bigger over the coming while. On the other hand, penny stocks are, as you say, very volatile, so I'd be tempted to take any profit I got.

On the other other hand, I feel that online gaming communities are probably a bad place to get financial advice.

Meh, this is why I don't trade in stock. It's like gambling for people who own suits.

[Thrash]

I hung onto it yet.. lost like $10 today.. I'm sure it'll be back tomorrow.

 

On a side note, Jay Carney says not to invest in the Russian stock market.... guess what I'm going to do.

[Infopowerbroker]

some pseduo advice after a question: Did you buy a penny stock that looked cool, or did you invest in a company you thought would do well?

If you bought the stock, sell at least half. The other half, you can keep in if you think it is going to go somewhere (while still getting a decent return).

If you invested in the company (liking the fundamentals of the company and thinking that the business practices were sound in today's market), consider keeping it in and see where it goes. You may want to sell off a few shares to cover the original cost, but that's about it.

[Thrash]

Well yes, I bought it because of it's potential..  

 

just 1000%..  that's more potential then I imagined. Wish I had put down 1k on it then the decision would be a no brainer.

 

I won't get hit with any capital gains taxes, so that's not an issue.

[lennybronx]

ANything to do with marijuana i imagine will be booming soon enough. if you're really not losing money i would keep it unless you can find a better marijuana related stock

[Thrash]

I'm set to buy some Gazprom next week, the Russian natural gas monopoly, which drives all their income, which we failed to sanction. Go USA, thanks for giving me investment help.

 

Betting against everything this country stands for seems to be the most profitable route.

[*Anastasia]

Wasn't Gazprom the company they essentially seized a majority of shares in that caused the big panic over investing in Russia in the first place?

[ᗅᗺᗷᗅ]

For $100?  Nah.  Hang onto it.  We're about to enter the era of legalization, and marijuana is a multibillion dollar industry.  What you're holding could be the equivalent of owning Apple stock in 1980.

 

I wouldn't throw my money away on Gazprom, though.  Considering what's going on, there's a chance any such investment might soon be illegal.  Or the equivalent of holding Iranian stock in 1980. 

[Redezra]

I'm gonna go stock investing later this year I think~

[Thrash]

Let me know if you need any tips. My portfolio is up 38.5%, so I know how to pick the winners. And you wanna pick companies that pay out dividends and have them automatically reinvested. For example, 1 company I have $8 invested in and it's paying a 57 cent dividend every quarter.