PARROTHEAD Posted April 27, 2021 Share Posted April 27, 2021 1 hour ago, MikeT14 said: A small gaming stock I've bought a ton of hoping it takes off long term is AESE 🚀 Looked into it. And yes. I do hate always feeling like this guy from my vid. But screw it. Im in. 1 Quote Link to comment Share on other sites More sharing options...
MacReady Posted April 27, 2021 Share Posted April 27, 2021 Can someone tell me why all these penny stocks say they had a share price of like 300,000 dollars per share 10 years ago when you look at their max timeline? I have a guess as to what it is but I don’t want to sound stupid and Google really isn’t helping. If I’m right I will confirm that what I thought it was was right, but if I’m wrong I’m just going to say I was wrong. @Shockwave Quote Link to comment Share on other sites More sharing options...
MacReady Posted April 27, 2021 Share Posted April 27, 2021 Also, I forgot I put 1,000 into my Charles Schwab account about a week ago, but I don’t want it in there anymore because I wanted to stop with the penny stocks. Now I’m thinking I’m just going to dump that all into a high dividend ETF on there, but if I do that it will screw with Charles Schwab being my long shot lottery ticket portfolio. Also thinking about putting it into one of those high dividend energy stocks that hover around 2-5 dollars per share. I think NGL Energy is one of them. Or maybe I should just keep going with penny stocks, but up the maximum PPS to like 90 cents or something. I don’t know, I just don’t know. Quote Link to comment Share on other sites More sharing options...
bcb1213 Posted April 27, 2021 Share Posted April 27, 2021 22 hours ago, PARROTHEAD said: You take "penny" stocks literally lol. Up 22% today. Looking it over. If it dips a little in the first 2 hours. Ill go in for 5-10k shares. I don't think you ever got the dip lol Quote Link to comment Share on other sites More sharing options...
PARROTHEAD Posted April 27, 2021 Share Posted April 27, 2021 10 minutes ago, bcb1213 said: I don't think you ever got the dip lol I couldnt get on till near 10. And even then I saw I had missed that boat. Hope you made out good on that. Quote Link to comment Share on other sites More sharing options...
bcb1213 Posted April 27, 2021 Share Posted April 27, 2021 7 minutes ago, PARROTHEAD said: I couldnt get on till near 10. And even then I saw I had missed that boat. Hope you made out good on that. So far so good. I'm up around 30% Ltnc may take off tommorow too(already started power hour today) . They are announcing one of the three major athlete endorsers. I think it may be Justin Gaitlan to start which isn't as exciting as a possible TB12 but it's a start 1 Quote Link to comment Share on other sites More sharing options...
PARROTHEAD Posted April 27, 2021 Share Posted April 27, 2021 1 hour ago, Outpost31 said: Also, I forgot I put 1,000 into my Charles Schwab account about a week ago, but I don’t want it in there anymore because I wanted to stop with the penny stocks. Now I’m thinking I’m just going to dump that all into a high dividend ETF on there, but if I do that it will screw with Charles Schwab being my long shot lottery ticket portfolio. Also thinking about putting it into one of those high dividend energy stocks that hover around 2-5 dollars per share. I think NGL Energy is one of them. Or maybe I should just keep going with penny stocks, but up the maximum PPS to like 90 cents or something. I don’t know, I just don’t know. 2 Quote Link to comment Share on other sites More sharing options...
Shockwave Posted April 28, 2021 Share Posted April 28, 2021 15 hours ago, Outpost31 said: Can someone tell me why all these penny stocks say they had a share price of like 300,000 dollars per share 10 years ago when you look at their max timeline? I have a guess as to what it is but I don’t want to sound stupid and Google really isn’t helping. If I’m right I will confirm that what I thought it was was right, but if I’m wrong I’m just going to say I was wrong. @Shockwave I actually have no idea. I've dabbled in pennies in the past but it's not a big part of my trading. But I rarely check the historical charts beyond a year or so. I do recall seeing some crazy numbers in the historical data but just chalked it up to my charting platform being wonky. What is your theory? Quote Link to comment Share on other sites More sharing options...
UncleAdamz Posted April 28, 2021 Share Posted April 28, 2021 1 hour ago, Shockwave said: I actually have no idea. I've dabbled in pennies in the past but it's not a big part of my trading. But I rarely check the historical charts beyond a year or so. I do recall seeing some crazy numbers in the historical data but just chalked it up to my charting platform being wonky. What is your theory? I'm fairly certain this is due to the company having done a few reverse splits in the past, I can't think of any other reason why. If the stock price actually started at $30 but they have done 2 10:1 splits, then the price would show up as $3,000 for when they initially IPO'd. 3 Quote Link to comment Share on other sites More sharing options...
MacReady Posted April 28, 2021 Share Posted April 28, 2021 (edited) 32 minutes ago, UncleAdamz said: I'm fairly certain this is due to the company having done a few reverse splits in the past, I can't think of any other reason why. If the stock price actually started at $30 but they have done 2 10:1 splits, then the price would show up as $3,000 for when they initially IPO'd. This seems to explain it. That seems to be a very simple explanation. Edited April 28, 2021 by Outpost31 Quote Link to comment Share on other sites More sharing options...
evilflamingo Posted April 28, 2021 Share Posted April 28, 2021 50 minutes ago, UncleAdamz said: I'm fairly certain this is due to the company having done a few reverse splits in the past, I can't think of any other reason why. If the stock price actually started at $30 but they have done 2 10:1 splits, then the price would show up as $3,000 for when they initially IPO'd. This is correct. Not applicable to all stocks but I'd say comfortably at least 9/10. Quote Link to comment Share on other sites More sharing options...
bcb1213 Posted April 28, 2021 Share Posted April 28, 2021 Welp ltnc got Manny Pacquiao on board as an athletic endorser. That's a helluva start Quote Link to comment Share on other sites More sharing options...
PARROTHEAD Posted April 28, 2021 Share Posted April 28, 2021 On 4/27/2021 at 1:37 PM, MikeT14 said: A small gaming stock I've bought a ton of hoping it takes off long term is AESE 🚀 I missed the sub 2.70 dip around noon. 😑 Stop checking in for a few. And miss my zones every time. 1 Quote Link to comment Share on other sites More sharing options...
MikeT14 Posted April 28, 2021 Share Posted April 28, 2021 Just now, PARROTHEAD said: I missed the sub 2.70 dip around noon. 😑 Stop checking in for a few. And miss my zones every time. Like I said this is a long term hold for me. I monitor just to see how it's doing, but I don't plan on touching it for awhile. Quote Link to comment Share on other sites More sharing options...
PARROTHEAD Posted April 28, 2021 Share Posted April 28, 2021 22 hours ago, bcb1213 said: I don't think you ever got the dip lol She just dropped like 20% the last 5 minutes. Quote Link to comment Share on other sites More sharing options...
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