/biz/ - Business & Finance

>>507321

I'm up 20.94% with a stop order in just under support.

Bought 5k shares @ $6,408.00 and have profit of $1,442.00 with a stop order in just below suppot.

>>507321

Bought 10,000 shares before the close last night.

lmao people still buy companies that are literally bankrupt. if you haven't sold at a profit by now I would be that you never will.

>>507487
>lmao people still buy companies that are literally bankrupt

I nearly doubled my money in less than 24 hours.

>>507321

Hello /biz/, /pol/ here.

You know that says, /pol/ is always right?

http://www.youtube.com/watch?v=7upCbyDAbVg

Only if they had listened.

>>507492
so? you can do the same thing on a game of blackjack............

>>507499

You can't predict your hand in blackjack.

A bounce after a large company declares bankruptcy though, is rather predictable.

>>507506
>You can't predict your hand in blackjack.

you really think that?

>A bounce after a large company declares bankruptcy though, is rather predictable.

and you really think that??

reddit.com/r/investing <---- you'd be in good company there

lol. I lost about $160. I did accurately guage that 2.00 would be the peak, and that it would dip down to 1.65 before floundering up for a little bit. this was all jist from looking at a 1minute graph and the 2.00 was jist a human nature call. First time I have ever been so involved in a stock.

Of course, I didn't act on these assumptions so lost but it was a good lesson.

>>507493
holy shit
>>507464
woah

>>507321
Why did it pretty much double in value today?
Whats going on with them?

>>507493
>>people still follow him
>>he inspired me when I was a kid
>>mfw I learned that he is such a worm

>>507604
penny stocks are volatile. doesn't really mean anything.

>>507604
In hindsight, Monday was full of panic sellers who sold at the first mention of bankruptcy. Today was the dead cat bounce. If you throw a dead cat out a window, it will bounce a bit before coming back down to the ground

>>507694

>>507512
>you really think that?

You literally can't you fucking moron. (Assuming you aren't cheating)

>and you really think that??

Yes, do some research for a change instead of digging through your asshole. It happens quite often. A company unexpectedly files for bankruptcy, shares tank, then spike the next day before taking again.

>>507464