don't know how many shares outstanding but i imagine >500mill, they don't have to report financials but pure solar hot water play. only risk $$$ you can afford to lose, 100% crapshoot. i have researched ceo, he is an industry veteran.
So how do you trade in stocks like this? Today's volume was 4 and a half million shares, about $4000, how do you sell these equities? I guess you put a million or so shares out there at an ask price and wait for minutes? weeks? to find a buyer? I've made a little money on .pk stocks that had big volume and a higher price, but I've still got two in my portfolio that are down 96% and 95%. I would just about lose money paying the $7.00 Scottrade brokers fee to sell 'em. Just curious, what's everyone's experience trading these lightly traded cheap stocks? Thanks for any honest good or bad answers.
Don't get greedy. If you buy them you have to have the discipline to sell them either when they hit a predetermined gain or loss. The toughest is selling the loser because you still hope it's gonna go up. Many people sell a portion when they lock in a profit and then the remaining shares they own may be considered "free". Usually your lucky if 25% of the small stocks you buy make you money. So controlling your loss is vitally important. Timing is everything you may buy a great concept penny stock at the wrong time, and suffer a loss. I revisit my losers from time to time just to see if a new buying opportunity may be available. Oh, and perhaps the most important...only trade what you can lose. In my case my trading portfolio is less than 5% of my overall portfolio. When my trading portfolio hits a predetermined value, I transfer money OUT of it.
just keep in mind you are flying almost blind with tssp.pk there is a message board on raging bull but few posters. i have spoken to president dirk atkinson many times but he will not tell me how many outstanding shares.
he did tell me they were adding an investor page to web site. keep in mind i have recommended/owned a.e. losers before, my biggest failure was holding on to DESC too long, it went to $11 back down to .70, they ran out of cash and no market developed for their products.
one thing going for tssp is solar hot water is tried/true tech but from what i can tell it's quite competitive. i have read that the industry is starting to use PPA's, that somehow you can meter hot water production and charge the customer for it and the system owner, seperate from the customer, gets the rebates, depreciation and tax credits.