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| Grimreaper |
 Posted: Sat May 06, 2006 2:04 am Post subject: |
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CFO
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BTW, if ya wanna play da "false impression" in FoMoCo (F) I wassa tawkin bout in me previous post....it'll start its journey this coming week n it'll run through 8.00 minimum wit an outside shot at hittin 9 anna qwata....but ya's still ainna gonna catch me in this month's rankings!  |
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| jdunn72 |
| Posted: Sat May 06, 2006 2:51 am Post subject: |
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Member of The Month
March
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| Im Not Warren Buffett wrote: | Heh, at least I start the month out well... maybe I should head over to the Weekly Stockpicking Forum and change the rules to allow stocks over $2, then I could really rake in the change.  |
It's funny that you pick on the penny stock challenge. It's actually proving itself profitable lately. The pickers are getting more experienced and the avg is starting to go up. This last weeks avg% gain compares well against any group project on this board comparing as a monthly avg of 4.96% multiply that by the 4 months of this year and it would be doing about 100% better than y'alls million dollar portfolio.  |
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| nelaina |
| Posted: Sat May 06, 2006 4:09 am Post subject: |
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CFO
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| Im Not Warren Buffett |
| Posted: Sat May 06, 2006 6:53 am Post subject: |
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CFO
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| jdunn72 wrote: | | Im Not Warren Buffett wrote: | | Heh, at least I start the month out well... maybe I should head over to the Weekly Stockpicking Forum and change the rules to allow stocks over $2, then I could really rake in the change. |
It's funny that you pick on the penny stock challenge. It's actually proving itself profitable lately. The pickers are getting more experienced and the avg is starting to go up. This last weeks avg% gain compares well against any group project on this board comparing as a monthly avg of 4.96% multiply that by the 4 months of this year and it would be doing about 100% better than y'alls million dollar portfolio. |
Well I think that you should remember this last week was great for the markets overall, and since penny stocks tend to be more aggressive you should expect them to have performed well if you all made decent picks... which I'm sure you do, don't get me wrong. I just think that extrapolating a weekly pennystock contest for a year's result isn't accurate. |
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| vetelmo |
| Posted: Sat May 06, 2006 6:55 am Post subject: |
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| Grimreaper wrote: | | But at least gasoline prices is comin waaaay down. |
Really? It just went up another fifteen cents here. Summer is coming and I don't know of anytime in history that gas prices have come down during the summer, except after the first gulf war. I honestly hope your right but I seriously doubt it. |
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| vetelmo |
| Posted: Sat May 06, 2006 6:56 am Post subject: |
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| jdunn72 wrote: |
It's funny that you pick on the penny stock challenge. It's actually proving itself profitable lately. The pickers are getting more experienced and the avg is starting to go up. This last weeks avg% gain compares well against any group project on this board comparing as a monthly avg of 4.96% multiply that by the 4 months of this year and it would be doing about 100% better than y'alls million dollar portfolio. |
I don't think he was picking on them but you bring up how well the penny pick stock challenge is doing and I have to point out a little reality here. Even if you do buy a penny stock that increases, your not always going to be able to sell it at a profit. In fact, your most likely to lose on it because there is usually not enough volume.
I'm sure it's fun to play and compete in the penny pick challenge but if your just starting out, in my opinion, it's a mistake to get yourself involved.
Im sure Grim and his parrot (The broken record) are going to reply at how wrong I am and that Cramer is reponsible for something.  |
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| Grimreaper |
| Posted: Sat May 06, 2006 2:50 pm Post subject: |
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CFO
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| vetelmo wrote: | | Grimreaper wrote: | | But at least gasoline prices is comin waaaay down. |
Really? It just went up another fifteen cents here. Summer is coming and I don't know of anytime in history that gas prices have come down during the summer, except after the first gulf war. I honestly hope your right but I seriously doubt it. |
No kidding! And natgas was sposed ta go ta $20 in da dead o dis past winter heating season! WTF happened there? I'll tell ya what happened....thanks Jim Cramer! |
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| Grimreaper |
| Posted: Sat May 06, 2006 3:01 pm Post subject: |
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| vetelmo wrote: | | jdunn72 wrote: |
It's funny that you pick on the penny stock challenge. It's actually proving itself profitable lately. The pickers are getting more experienced and the avg is starting to go up. This last weeks avg% gain compares well against any group project on this board comparing as a monthly avg of 4.96% multiply that by the 4 months of this year and it would be doing about 100% better than y'alls million dollar portfolio. |
I don't think he was picking on them but you bring up how well the penny pick stock challenge is doing and I have to point out a little reality here. Even if you do buy a penny stock that increases, your not always going to be able to sell it at a profit. In fact, your most likely to lose on it because there is usually not enough volume.
I'm sure it's fun to play and compete in the penny pick challenge but if your just starting out, in my opinion, it's a mistake to get yourself involved.
Im sure Grim and his parrot (The broken record) are going to reply at how wrong I am and that Cramer is reponsible for something. |
Why would I mention Cramer? He likes penny stocks too! AVNX was trading at .80 about 2 months befo he recommended it at 2.00. NXG was also a sub 1.00 stock. He said to buy it this past week! Maybe I am too hard on Cramer....eventually he is gonna start liking some of the stuff we play over at the Weekly challenge. Of course we will all be up 300% before he says buy. Would you believe that some of the $10+ stuff he is saying to buy right now will eventually qualify for play at da weekly stock picker's challenge?!! No way! Waaaaaaaaaaay.  |
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| vetelmo |
| Posted: Sat May 06, 2006 3:03 pm Post subject: |
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| Grimreaper wrote: | | thanks Jim Cramer! |
Yes we know the little parrot on your shoulder "Bawk Bawk Jim Cramer did it, Bawk Bawk Cramer ruined my life, Bawk Bawk!!!
When your mail doesnt get to you on time, is it Cramer's fault too?? |
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| jdunn72 |
| Posted: Sat May 06, 2006 3:06 pm Post subject: |
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Member of The Month
March
Joined: 26 Jan 2006
Posts: 1407
This Month: 0
11665.79 e$
Net worth: 11,665.79
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| Im Not Warren Buffett wrote: | | ............... I just think that extrapolating a weekly pennystock contest for a year's result isn't accurate. |
You're right, I was just making a point. |
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| jdunn72 |
| Posted: Sat May 06, 2006 3:41 pm Post subject: |
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Member of The Month
March
Joined: 26 Jan 2006
Posts: 1407
This Month: 0
11665.79 e$
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| vetelmo wrote: | | ............................... Even if you do buy a penny stock that increases, your not always going to be able to sell it at a profit. In fact, your most likely to lose on it because there is usually not enough volume | Well, in the penny stock challenge the contestants are limited by Grim's rules (which by the way, seem to be set up to...... discipline a person who may be new to penny stocks) which state the stock must get a volume of 70,000 in one day so, that shouldn't be the case with these stocks and, they have to have a value above .50 and below 2.00 so, it does eliminate a lot of trash penny stocks and leave lots of room for quick growth.
| vetelmo wrote: | | I'm sure it's fun to play and compete in the penny pick challenge but if your just starting out, in my opinion, it's a mistake to get yourself involved................................ |
It is fun and I agree newcomers should not come out of pocket on penny stocks ( I still have not but, I am learning enough from the weekly challenge to possibly consider it one day) and I don't believe anyone has suggested that they should. The Penny Stock Challenge does teach....... discipline.... timing and analysis, in an extremely difficult market to master.
Now, the only reason I got started on this was because it seemed like INWB was picking on the Weekly a little too often and I felt like he was spreading it. The fact is these penny stocks usually won't be showing up on your fax machines and in your spam mails or on bill johnson's thread's (sorry bill) , and it's a fact small companies have to get their start somewhere and all of them can't be losers and if you are astute enough to pick a winner before it gets famous then you could strike it rich. 
That being said.... I sure don't want to get involved in your's and Grim's squabble and, I am not going to take sides. I like both of you being around and I hope y'all get it ironed out before one of ya decides this place aint big enough for both of ya.
I was out of town today.... I wasn't thinking this was going to be such a hot item (mostly I guess I just wasn't thinking it was early this morning.
| nelaina wrote: |  | Sorry, nelaina..... I wasn't really trying to start trouble. |
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| vetelmo |
| Posted: Sat May 06, 2006 4:30 pm Post subject: |
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| jdunn72 wrote: | | That being said.... I sure don't want to get involved in your's and Grim's squabble and, I am not going to take sides. I like both of you being around and I hope y'all get it ironed out before one of ya decides this place aint big enough for both of ya. |
My opinion of the penny stocks has nothing to do with Grim and though there is a discipline taught, you cannot realistically apply them in real life.
My beef with Grim is that he has no content to his objections to the stocks that others like to talk about and he restricts others from wanting to start threads about stocks. I know it has for me, I would have loved to have talked about my 9% gain on FNSR last week but Grim and his stupid parrot talk would have pissed me off. I am totally in favor of people stating their opinions as long as it's constructive and not bashing just to bash. Unfortunately because of him, I don't recommend this site to others. I have helped a couple people learn how to set up portfolios on investopedia without using the competition settings already set up. (sorry Ben)
| jdunn72 wrote: |
| nelaina wrote: | | Sorry, nelaina..... I wasn't really trying to start trouble. |
I think she was disgusted with her pick and not with you buddy! |
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| jdunn72 |
| Posted: Sat May 06, 2006 5:04 pm Post subject: |
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Member of The Month
March
Joined: 26 Jan 2006
Posts: 1407
This Month: 0
11665.79 e$
Net worth: 11,665.79
Portfolio Value: 0.00
Monthly Return: 0.00%
Trades this month: 0
Churn Rate: 0.00%Items
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| vetelmo wrote: | | jdunn72 wrote: | | That being said.... I sure don't want to get involved in your's and Grim's squabble and, I am not going to take sides. I like both of you being around and I hope y'all get it ironed out before one of ya decides this place aint big enough for both of ya. |
My opinion of the penny stocks has nothing to do with Grim and though there is a discipline taught, you cannot realistically apply them in real life.
My beef with Grim is that he has no content to his objections to the stocks that others like to talk about and he restricts others from wanting to start threads about stocks. I know it has for me, I would have loved to have talked about my 9% gain on FNSR last week but Grim and his stupid parrot talk would have pissed me off. I am totally in favor of people stating their opinions as long as it's constructive and not bashing just to bash. Unfortunately because of him, I don't recommend this site to others. I have helped a couple people learn how to set up portfolios on investopedia without using the competition settings already set up. (sorry Ben)
| jdunn72 wrote: |
| nelaina wrote: | | Sorry, nelaina..... I wasn't really trying to start trouble. |
I think she was disgusted with her pick and not with you buddy! |
oops, I though she was mad at what I said......
Anyway......
Ya know, when we was talkin' about gold on frusnaks thread, "gold"... I made him shut up there when I said "I would've thought that the gold price drove the ^HUI not the other way around....  Yet, I would be happy to see commodities fall, it would be a savior for our economy but, I don't have your cystal ball and I'll believe it when I see it........ and truly for that to happen unknown surplusses have to be released or a significant gain for the US Dollar has to happen, how do you see either of these coming into play?"
He didn't have an answer for that did he???
(So what happened Grim?) It's still laying there waiting for you....
I say, hold your ground, prove your point, bust his chops until he comes clean and spills the beans or, is proven wrong or silenced.... either way you win.. if he gets your goat you lose....
And maybe sometimes he is right.... in that case I'd just take it with a grain of salt.
I do listen to what he says..... sometimes, sometimes he's constructive or gives a different perspective at least but, I haven't been here as long as either of you so I really don't know how long or how horrid your pasts are toward each other.
As Rodney King so eloquently put it, "Can't we all just............  |
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| vetelmo |
| Posted: Sat May 06, 2006 6:00 pm Post subject: |
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Moderator
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| jdunn72 wrote: |
I do listen to what he says..... sometimes, sometimes he's constructive or gives a different perspective at least but, I haven't been here as long as either of you so I really don't know how long or how horrid your pasts are toward each other.
As Rodney King so eloquently put it, "Can't we all just............ |
Really, for me, I just recently grew tired of his B.S. because it's the same thing over and over again. He is relentless in his bashing and I have no tolerance for that. The bottom line is if you treat people with dignity, you get respect. I have zero respect for him nor can I take his opinions serious. |
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| jdunn72 |
| Posted: Sat May 06, 2006 7:49 pm Post subject: |
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Member of The Month
March
Joined: 26 Jan 2006
Posts: 1407
This Month: 0
11665.79 e$
Net worth: 11,665.79
Portfolio Value: 0.00
Monthly Return: 0.00%
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| vetelmo wrote: | | jdunn72 wrote: |
I do listen to what he says..... sometimes, sometimes he's constructive or gives a different perspective at least but, I haven't been here as long as either of you so I really don't know how long or how horrid your pasts are toward each other.
As Rodney King so eloquently put it, "Can't we all just............ |
Really, for me, I just recently grew tired of his B.S. because it's the same thing over and over again. He is relentless in his bashing and I have no tolerance for that. The bottom line is if you treat people with dignity, you get respect. I have zero respect for him nor can I take his opinions serious. |
Fair enough. |
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