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How Do I Buy Penny Stocks??
12-05-2007, 03:47 PM
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#1
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Recycles dryer sheets
Join Date: Oct 2007
Posts: 104
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How Do I Buy Penny Stocks??
Hey Guys,
I'm interested in buying Alcar Chemical Group Inc. (AMCG.PK). It is a renewable energy stock. it is currently trading under $1, therefore delisted. Is it possible to buy stocks that are under $1, and if so, how can I go about it? Thanks in advance 
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12-05-2007, 04:16 PM
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#2
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Gone but not forgotten
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 11,447
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Most brokers will buy penney stocks for you . Buying penney stocks is like taking your money to Las Vegas and putting it on red .Only do it with fun money !
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12-05-2007, 04:19 PM
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#3
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
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You can buy it through a discount broker, Schwab, Etrade, etc. MAKE SURE to use limit orders on the buy, or you may be at higher risk for "pump and dump" trading........
As long as it's 1% or less of your net worth, have fun.... 
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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12-05-2007, 04:24 PM
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#4
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Thinks s/he gets paid by the post
Join Date: Aug 2002
Posts: 1,322
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 Quote:
Originally Posted by eddieb
Hey Guys,
I'm interested in buying Alcar Chemical Group Inc. (AMCG.PK). It is a renewable energy stock. it is currently trading under $1, therefore delisted. Is it possible to buy stocks that are under $1, and if so, how can I go about it? Thanks in advance |
There's a guy in Nigeria that will tell you about the modalities of buying pennies. Seriously, be very careful. Currently trading under $1 on the pink sheets means nothing -- unless you use a limit order they will sell it to you for whatever they think they can get.
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12-05-2007, 04:27 PM
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#5
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Recycles dryer sheets
Join Date: Oct 2007
Posts: 104
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Thanks guys for your responses
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12-05-2007, 04:36 PM
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#6
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Recycles dryer sheets
Join Date: Jul 2006
Posts: 235
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I use Scottrade. This year, my penny play is doing very good. But my NAZ stocks kill me.
Do your own DD and diversify.
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12-05-2007, 07:31 PM
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#7
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Full time employment: Posting here.
Join Date: Oct 2003
Posts: 961
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Quote:
Originally Posted by eddieb
Hey Guys,
I'm interested in buying Alcar Chemical Group Inc. (AMCG.PK). It is a renewable energy stock. it is currently trading under $1, therefore delisted. Is it possible to buy stocks that are under $1, and if so, how can I go about it? Thanks in advance |
Eh, why are you buying a stock that has no financials I could find, with no apparent revenue or tangible assets? Trading under $1 has nothing to do with delisting.
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12-05-2007, 08:30 PM
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#8
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Recycles dryer sheets
Join Date: Oct 2007
Posts: 104
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Quote:
Originally Posted by ats5g
Eh, why are you buying a stock that has no financials I could find, with no apparent revenue or tangible assets? Trading under $1 has nothing to do with delisting.
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Then what do you think about this one?Hydrogenics Corp.(hygs)
This is a renewable energy company that trades at $1.04 currently.
They just recieved a $1.7million order for three fuel cell hybrid midibuses.
95Million market cap, assets 98million, liabilities 30million.
I wanted opinions on the prospects of this stock taking off in a few years given the initiatives being taken about renewable energy sources
More info @ HYGS: Balance Sheet for HYDROGENICS CORP - Yahoo! Finance
  
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12-05-2007, 10:09 PM
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#9
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Sep 2005
Location: Northern IL
Posts: 25,661
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Quote:
Originally Posted by eddieb
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Considering the complaints of (the lack of) corporate ethics, why would anyone want to invest in a company that does not even file statements with the SEC? Talk about 'lack of transparency'! There have been horror stories.
Quote:
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I wanted opinions on the prospects of this stock taking off in a few years given the initiatives being taken about renewable energy sources
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Well, you know the automobile industry really took of in the early 1900's. But how would you know to invest in GM or Ford, and not Hupmobile, Packard or Duryea?
-ERD50
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12-05-2007, 10:24 PM
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#10
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Dryer sheet aficionado
Join Date: Jul 2005
Posts: 28
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The best way to invest in Penny stocks is to take a handfull of money and flush is down the toilet. That way you get the same results right away and you don't have to suffer slowly as you watch them go bankrupt and being delisted one by one. Also you do not have to call your broker and ask to have the wortless garbage removed from your account knowing he thinks you are an idiot. I learned this lesson in my early days of investing, I lost every dollar I put into Penny Stocks.
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12-06-2007, 07:19 AM
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#11
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Full time employment: Posting here.
Join Date: Oct 2003
Posts: 961
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Quote:
Originally Posted by eddieb
Then what do you think about this one?Hydrogenics Corp.(hygs)
This is a renewable energy company that trades at $1.04 currently.
They just recieved a $1.7million order for three fuel cell hybrid midibuses.
95Million market cap, assets 98million, liabilities 30million.
I wanted opinions on the prospects of this stock taking off in a few years given the initiatives being taken about renewable energy sources
More info @ HYGS: Balance Sheet for HYDROGENICS CORP - Yahoo! Finance
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Well, HYGS is listed on NASDAQ and the Toronto Stock Exchange so it's probably a real company.
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12-06-2007, 11:04 AM
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#12
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Thinks s/he gets paid by the post
Join Date: Oct 2007
Location: Willamette Valley, Oregon
Posts: 1,979
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Quote:
Originally Posted by ats5g
Well, HYGS is listed on NASDAQ and the Toronto Stock Exchange so it's probably a real company.
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Several mutual funds have positions in it, inlcluding two of the DFA funds.
__________________
Dreams Worth Dreaming are Dreams Worth Planning For. I Spent a Career Planning for Early Retirement.
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12-06-2007, 11:13 AM
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#13
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Thinks s/he gets paid by the post
Join Date: Feb 2005
Posts: 2,032
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Quote:
Originally Posted by Moemg
Most brokers will buy penney stocks for you . Buying penney stocks is like taking your money to Las Vegas and putting it on red .Only do it with fun money !
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And none of the brokers I know have well (or artificially) endowed wait staff who bring you "free" drinks 
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12-06-2007, 01:03 PM
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#14
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Gone but not forgotten
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 11,447
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That's a great idea a discount brokerage set up like a casino .
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12-09-2007, 10:36 AM
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#15
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Recycles dryer sheets
Join Date: Oct 2007
Posts: 104
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Quote:
Originally Posted by ERD50
Considering the complaints of (the lack of) corporate ethics, why would anyone want to invest in a company that does not even file statements with the SEC? Talk about 'lack of transparency'! There have been horror stories.
Well, you know the automobile industry really took of in the early 1900's. But how would you know to invest in GM or Ford, and not Hupmobile, Packard or Duryea?
-ERD50
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You are mistaken.
http://www.nasdaq.com/asp/quotes_sec.asp...
http://www.sec.gov/cgi-bin/browse-edgar?...
and SEDAR (Canadian filing)
http://www.sedar.com/FindCompanyDocument...
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12-09-2007, 11:39 AM
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#16
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Administrator
Join Date: Apr 2006
Posts: 20,081
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Hey Eddie (said the Beeve) are you trying to sell that stock or thinking about buying it?
__________________
Living an analog life in the Digital Age.
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12-09-2007, 11:42 AM
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#17
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,702
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I was wondering the same thing.
You've got someone here who can find SEC filings, EDGAR information, quotes and balance sheets but cant figure out how to buy a listed stock... :
Anyone see that food product they have in Hawaii that looks like Spam sushi? Whats that stuff called again Nords?
Ah yes, here it is. Spam Musubi...
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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12-09-2007, 04:44 PM
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#18
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Recycles dryer sheets
Join Date: Oct 2007
Posts: 104
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Quote:
Originally Posted by cute fuzzy bunny
I was wondering the same thing.
You've got someone here who can find SEC filings, EDGAR information, quotes and balance sheets but cant figure out how to buy a listed stock... :
Anyone see that food product they have in Hawaii that looks like Spam sushi? Whats that stuff called again Nords?
Ah yes, here it is. Spam Musubi...
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Actually, i asked the same question about the SEC Filings on the yahoo finance forum, another user posted those links which i Copied and pasted here.
I do not currently own this Stock, just wanted to get advice on it. Here is the link i started on that forum for proof
Yahoo! Message Boards - Hydrogenics Corp. (HYGS) - SEC FILINGS
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12-10-2007, 08:49 AM
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#19
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,702
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But would you eat spam musubi?
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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12-10-2007, 09:26 AM
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#20
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Sep 2005
Location: Northern IL
Posts: 25,661
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Quote:
Originally Posted by eddieb
You are mistaken.
http://www.nasdaq.com/asp/quotes_sec.asp...
http://www.sec.gov/cgi-bin/browse-edgar?...
and SEDAR (Canadian filing)
http://www.sedar.com/FindCompanyDocument...
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From the most recent filing:
Quote:
Hydrogenics to Streamline Operations and Further Reduce Cost Reduction of 50 full time positions / $5.2 million of annualized payroll savings MISSISSAUGA, ONTARIO — November 21 st , 2007 — Hydrogenics Corporation (NASDAQ: HYGS; TSX: HYG), today announced that, as a result of its ongoing initiatives to streamline operations and better position itself for fuel cell commercialization opportunities, it has implemented a number of organizational changes that will reduce costs and bring more focus to product development, production and customer service activities.
The Corporation anticipates that the streamlining initiatives will result in a charge against the fourth quarter 2007 results of approximately $3.0 million, or $0.03 per share, reflecting the elimination of 50 full time positions representing $5.2 million of annualized cash savings by the third quarter of 2008. These staff reductions along with the Corporation’s decision on November 8 th , 2007 to windup its test equipment business, will result in a 40% reduction in full time positions from 250 to 150.
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A 'growth' industry that is 'streamlining' and cutting costs and jobs? Great. They stole some buzz-words from the MegaCorps - 'focus' and 'better position', etc, etc, etc.
Tip - index funds. Pick a sector if you want to 'gamble'.
If you are trying to pump this stock, I think you will find that exposure to information like the above may be counter to your interests.
-ERD50
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