If you're new to investing I don't think a penny stock is a good start. Much more risky than a strong well established, well run company.

Don't do it man.

Are you looking to trade or invest?

This guy gets on this forum and ask a question in good faith and admits he's new to investing and this is what you do?

Very poor form.

Enjoy this thread and lurk a little.

Thoughts on PFGC?

If there are no regulatory reasons why you shouldn't sell the shares, then do it. If Robinhood has some policy of their own, then just leave and go to another brokerage.

I rarely post on here, but I do echo the sentiment to leave Robinhood. I've used them, and left. It's a very simple interface, which probably is good for new investors. But, I found their execution was not good, research wasn't all that great, product offerings not good, etc...

Of the currently active brokers, I've also used Ameritrade, E-Trade, Fidelity, Merrill, and Interactive Brokers. They all have their pros and cons, most of which you won't really see until you've been at it a while. I prefer Fidelity, but they have had some technical issues lately that make me hesitant to stay on. But, I suspect that is a short-term glitch, and could affect any of these. I like Interactive Brokers for the data and how their standalone desktop app (not the web browser) function. Most brokers have a standalone desktop app, though I'm not crazy about Fidelity's.

As for actual picks, I'd take most stuff on here with a grain of salt. A broken clock is right twice a day. Throw enough darts, you'll hit a bullseye...they all apply...Some trade ideas are well thought out and pretty decent, to be fair. Best advice I can give on someone pushing a pick is ask them to show you their trade/holding. Some folks here do post account snippets, which adds credibility. Others are probably trying to sell while pushing you to buy (probably not as common on here as Twitter or Stocktwits).

Happy investing. Hope this helps.

cryption said:

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Hey man I have a graphite mining stock I want to tell you about. US based! The govt would be stupid not to give them money. Westsomething

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I bought into a mining company about 3 years ago. Its called atlas energy solutions. I'm a big fan of mines!

Re: DNN...I'm up a decent amount with a small position ...is this worth a longer term hold?

Weekly beer candles showing potential move up if this week's indecision can turn into an upward trend next week and break through resistance. But as long as that yellow resistance holds, this chops longer and longer and the potential for another drop increases. Watch volume as well. If this goes sideways within a range with falling volume it could be priming for a big move one way or the other. But make no mistake, this is a crumbs play, even if it goes to $85. The meat was for those that bought below $40.

But no matter what, what you need to learn when looking at a chart like this is that when you get to a point like this did in April of 2022, where you are 50% or higher from the tallest peak of the previous move, MOST OF THE TIME, the meat of the big money move has happened and a period of consolidation or retraction can be expected in the future. Think of it as a reverse Model T. Where a Model T is looking for that 50% correction of the previous move, this is looking for a 50% extension ABOVE that previous move. That's exactly what has happened. And this works on any timeframe. Some of you worry so much about catching ALL of the move that you forget to be happy that you caught most. Learn position sizing, risk tolerance, and the laws of price movement. When you've caught the meat of the move, book winnings, add protection, remove risk, and leave the crumbs for the meme stock types. Move on to the next meaty opportunity.

But for those that love crumbs, there's a tasty gap between immediate resistance and next resistance. You just can't get mad if you lose. Supports are too far below to have a confident and meaningful stop that won't get tested multiple times even in a period of general upward price movement.

MAS444 said:

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Re: DNN...I'm up a decent amount with a small position ...is this worth a longer term hold?

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Reports of a uranium shortage, but it's pretty overbought and riding above recent resistance levels on nothing more than macro news. If you are above water, this is a good spot to take some risk off. If you are swimming in profits, lower your basis.

But this is WHY you buy stocks like these at low points of a repeated trading range. So that when it takes off you can lower your risk and ride the lightning with confidence.

But as with my post above, look at the meat of the move. Have you caught it? If so, don't be dumb. Remove some risk.

No way I'm getting back into DNN at these levels.

MAS444 said:

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Re: DNN...I'm up a decent amount with a small position ...is this worth a longer term hold?

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I've got a few hundred shares that I have worked to net free. Will probably sell cc on them soon.

What's up with PXD. It's been lagging last couple weeks.

good grief, guys...no wonder 30k and OA left...my gosh

I subscribed to ZACKs about two months ago.

I used their Earnings ESP filter to buy stocks before earnings are reported.

They claim a 70% success rate when predicting a positive earnings surprise and in the short two months, I've done better than 70%.

I don't blindly buy the stock, but take into account volume and size of the company, recent performance, financials etc to choose and buy stocks within a week before earnings. And after the earnings surprise and a good upside the next day I sell it.

I was checking Zacks out also. Did you get the premium or the ultimate membership?

looks like premium. I'm only interested in their earnings ESP and premium gets me access to that.

And I buy and sell on their earnings ESP using a small portion of my portfolio.

If there is enough volume, I will sometimes buy a call option ahead of earnings.

They have both buy and sells based on their ESP

txaggieacct85 said:

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looks like premium. I'm only interested in their earnings ESP and premium gets me access to that.

And I buy and sell on their earnings ESP using a small portion of my portfolio.

If there is enough volume, I will sometimes buy a call option ahead of earnings.

They have both buy and sells based on their ESP

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Have you used sell signals to short? If so how's that worked out?

Orlando Ayala Cant Read said:

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txaggieacct85 said:

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looks like premium. I'm only interested in their earnings ESP and premium gets me access to that.

And I buy and sell on their earnings ESP using a small portion of my portfolio.

If there is enough volume, I will sometimes buy a call option ahead of earnings.

They have both buy and sells based on their ESP

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Have you used sell signals to short? If so how's that worked out?

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probably 10% of my activity before the earnings release are puts.

The puts have resulted in gains. I'm only interested in stocks with sufficient volumes to move on earnings.

Also keep an eye on performance for the last few months and make sure there are no extenuating circumstances that would cause the stock to fall after positive earnings.

Overall, I've been successful more than the 70% success rate they advertise.