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01-27-2011, 12:13 PM | #1 |
JSR
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Anybody Trade Penny Stocks?
Just wandering. It's a great way to fight against the crappy economy and the lowering dollar. Lot's of money to be made, and in some cases, huge money can be made.
I can share some of my picks (long term) and of course try to give alerts for short term pics. |
01-27-2011, 03:13 PM | #2 |
Yet another Masshole
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Re: Anybody Trade Penny Stocks?
If I could trade em I would, but per compliance for work we can't
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Stock/Finance banter |
01-27-2011, 03:28 PM | #3 |
I'm nuts for the place
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Re: Anybody Trade Penny Stocks?
Jimmy,
I used to trade a lot, but I have not had as much time over the last couple years. I found success more often then not. It is something I am looking to get back into it. Trading penny stocks is of course just a small portion of my investment portfolio due to the higher risk. I would love to take a look at some of your picks.
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"To dilute the will to win is to destroy the purpose of the game. There is no substitute for victory"-- Douglas MacArthur |
01-27-2011, 08:13 PM | #9 |
Uncle Kitty
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Re: Anybody Trade Penny Stocks?
There's a good reason that they trade for pennys.
The best advice I've had for investing is to buy what you know. If you have some experience in a business then you should look there. That's where you can do well. Have fun and don't bet the farm.
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"You stink like cigars Uncle Kitty!" Said my Boo age 3. "Kid, take care of your family and the hell with anyone else" My Grandpa Bubba. |
01-28-2011, 08:21 AM | #10 | |
Yet another Masshole
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Re: Anybody Trade Penny Stocks?
Quote:
Exactly, penny stocks are not for amateurs. You have to watch them constantly and most traders stayin a position for not more than a few days. Typically penny stocks are not very liquid. Good luck!
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Stock/Finance banter |
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02-01-2011, 02:17 PM | #11 |
JSR
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Re: Anybody Trade Penny Stocks?
If anyone is interested, they can PM me. I'm afraid if I post any picks here, that I'd be liable for anyones loss (if they trade the wrong way).
Every stock is on a IMO (in my opinion) only basis. I can let you know what I'm trading currently, however I always recommend doing your own DD (due diligence). |
02-01-2011, 02:21 PM | #12 |
Micro brew tester
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Re: Anybody Trade Penny Stocks?
I don't know anything about them, but are they things we get faxes for at work all the time? "Stocks that are about to explode!?"
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"A witty saying proves nothing." - Voltaire |
02-01-2011, 02:30 PM | #13 |
JSR
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Re: Anybody Trade Penny Stocks?
Alot of the newsletter's are paid, in either shares or cash, to "pump" a certain stock. Be careful, as some of these are literally just pump and dumps. Some, however, can be gold mines.
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02-01-2011, 02:28 PM | #14 |
JSR
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Re: Anybody Trade Penny Stocks?
Just some examples of my picks for today (2/1/2011) (remember every day usually brings different picks):
AUCI - In at .0008 BKPR - In at .001 JUNP - In at .0004 I usually invest $1000 to $2500 on a single stock. If you do that math, that can buy you quite a few shares at the above levels. Remember not to fall in love with any stock, get in and get out (take profits). I use Zecco.com for my trading. The charge $4.5 per trade and that's it. Reliable, quick, easy to use. The best thing is...they allow you to buy most penny stocks when some don't because of higher risks. Again, do you own DD, and read the charts and read into the SS (share structure) and read into any filings (8k, 10k, etc). Hope this helps! |
02-07-2011, 03:17 PM | #18 |
JSR
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Re: Anybody Trade Penny Stocks?
STHG had a Huge day, Chart is ready for a blowout performance like last year. Read the charts, do your DD, and enjoy.
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02-07-2011, 04:46 PM | #19 |
Benn/Seguin best friends
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Re: Anybody Trade Penny Stocks?
Penny stocks scare the sh!t out of me. But I am interested in following this.
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I'm a Dallas Stars fan. So, yes, this is a confusing time for me. |
02-08-2011, 09:16 AM | #20 |
JSR
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Re: Anybody Trade Penny Stocks?
Well I alerted AUCI at .0008, I'm now out at .007. Let's do some quick math here....
Investment of $3,000 gets 3,750,000 shares. 3,750,000 x .007 = $26,250 875% Gain. Get money Guys... Stay Tuned. |
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