Pcce now at 30 cents up from .0002!??

[vilefridge]

Am I seeing this correctly? I log into etrade today, and see that my PCCE is now worth over $44,000!! what happened?? I don't see any related news!
It says it's worth .30, when it used to be like .0002 - .0005 or so....

I go to check it on Yahoo and it informs me that PCCE.OB is now PCLO.OB and traded all day between 6 and 30 cents.

Did it just shoot up overnight, or is this an error???
I'm new to trading, and I have nooo idea what to do! Should I buy more before it continues to shoot up?

[roehrigs01]

'pcce' is no longer valid. It has changed to PCLO.OB. ?

[TheBullPicker]

i cant believe it. i had $270 at .0004, but i sold there. Could I truuly have had 54 thousand dollars! I dont believe it. Does it actually say in your account that u have $40,000?

[up2nogd420]

I found this on the web…


June 14, 2006

Pacel Corporation Celebrates Tenth Reverse Split
Pacel Corporation (OTC: PCCE) is celebrating its tenth reverse split in its history as a public company. Pacel executives have managed to fleece investors by completing reverse splits of company stock ten times in the past seven years, and four in just the past year. The price of the company's initial public offering, with adjustments made for the many stock splits, is about $10 million. Below is a table with the complete history of Pacel stock splits.



PCLO - Pacel Corp. Reverse Split History

Symbol Split Ratio Date
PCCE 1:1000 R/S 06/15/2006
PCCN 1:1000 R/S 01/24/2006
PCCR 1:1000 R/S 10/25/2005
PCLL 1:1000 R/S 06/20/2005
PCOR 1:1000 R/S 02/25/2005
PCCL 1:100 R/S 09/13/2004
PACC 1:100 R/S 02/25/2004
PCEL 1:30 R/S 03/17/2003
PLRP 1:100 R/S 04/07/2002
PLRPD 1:4 R/S 10/07/1999


Way to go Pacel!!!

[TheBullPicker]

so basicaly, it has gone from around .0004 to .0002, and i would have actually lost money?

[Dublin]

unfortunatily ... for every 1000 shares in pcce = 1 share in pclo
i hate this kind of shares

i guess they are doing so to attract more investors and split it again and again until they disappear.

wishing u good luck

[vilefridge]

Hrmm, why would my account say I still have 137,680 shares @ .30 cents market price for a total of $41,000 some odd dollars?

Wouldn't this split change my shares to 137800 / 1000?

See below picture:
http://img152.imageshack.us/img152/3728/etrade3ym.png

[bahroor]

HIT THE SELL BUTTON!!! (if volume is available)

but I'm showing it closed at .20 not .30

[bahroor]

wait, you bought $68 worth of stock?? Doesn't etrade charge you 10 bucks a trade?

[vilefridge]

$19.99 a trade infact :P

[vilefridge]

Ok, I woke up for market open expecting to sell $40k of stock, only to find that Etrade updated my account to reflect the reverse-split lol.

My stock is worth $27 hhaha. Lesson learned. I won't be playing penny stocks again.

[bahroor]

that makes more sense.

Nothing wrong with penny plays if you are willing to understand and accept the risk involved.
But just some free advice, don't buy $68 worth of any stock, pay a $20 fee, and expect to make money. Yes sometimes penny stocks skyrocket overnight, but it's rare.
Pennies are great for a quick in and out boost, in my limited experience, it's been 10-30% gain (or loss). But it's hard to do if you already paid 30% worth of commisions upfront.

And does Etrade charge another $20 to sell?
If it really is a total of $40 a trade, I would look elsewhere.
GL

[Dublin]

penny stock is the best !
but u have to read alot about the company and watch news to know when u should buy or sell.
penny stock depend only on news no chart analysis, even mad money man cant not expect if its going up or down.

good luck for next trade :)

[vilefridge]

that makes more sense.

Nothing wrong with penny plays if you are willing to understand and accept the risk involved.
But just some free advice, don't buy $68 worth of any stock, pay a $20 fee, and expect to make money. Yes sometimes penny stocks skyrocket overnight, but it's rare.
Pennies are great for a quick in and out boost, in my limited experience, it's been 10-30% gain (or loss). But it's hard to do if you already paid 30% worth of commisions upfront.

And does Etrade charge another $20 to sell?
If it really is a total of $40 a trade, I would look elsewhere.
GL


That's probably good advice. I think I'll steer clear though until I get some more experience. Thanks!