Anybody Trade Penny Stocks?

[RandJCigars]

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.

[jmsremax]

If I could trade em I would, but per compliance for work we can't

[WildBlueSooner]

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.

[Starscream]

How do you trade penny stocks? Ameritrade?

[MiamiE]

I would like to get into this. I would love to hear more.

[Starscream]

Originally Posted by MiamiE

I would like to get into this. I would love to hear more.

[MiamiE]

What's a good amount to invest into any particular penny stock?

[Starscream]

Where do you invest in penny stocks?

[Tio Gato]

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.

[jmsremax]

Originally Posted by Tio Gato

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.

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!

[RandJCigars]

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).

[cricky101]

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!?"

[RandJCigars]

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!

[RandJCigars]

Originally Posted by cricky101

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!?"

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.

[RandJCigars]

PYBX doing well this morning. Got in at .0004

[RandJCigars]

SNRS is on watch for Monday and Tuesday. This is a lotto play, imho.

[RandJCigars]

As expected, SNRS has huge volume so far.

STHG also, way above 10 day and 30 day averages.

[RandJCigars]

STHG had a Huge day, Chart is ready for a blowout performance like last year. Read the charts, do your DD, and enjoy.

SNRS released news after close today as annoucned (Huge News):

SOURCE: Sunrise Consulting Group, Inc


Feb 07, 2011 16:01 ET Sunrise Consulting Group, Inc. Debuts New Product Announcement NEWPORT BEACH, CA--(Marketwire - February 7, 2011) - Sunrise Consulting Group, Inc. (PINKSHEETS: SNRS) announced today that through its wholly owned subsidiary "United Power Solar, Inc.," the company is manufacturing Apple approved solar chargers for the iPod and iPhone 3 and 4 series mobile devices.

Apple approval means that "United Power Solar, Inc.'s" proprietary solar chargers for iPod and iPhones were tested by Apple and an independent laboratory. Sunrise engineers and Apple staff have worked closely together and the Apple staff's input was crucial to develop this unique solar charger technology.

Our mobile device solar chargers will carry the prestigious "Made for iPod and Made for iPhone" logos and contain only by Apple approved parts, to meet Apple performance standards.

The company also announced that it expects to have an updated website within the next 2 weeks with a fully functional e-commerce web store to make sure that our customers have access to these exciting products, 24/7 and 365 days a year.

CEO Raymond Chin commented, "This is a monumental step into a bright future for Sunrise Consulting Group, Inc. Soon our shareholders will be proud to see our products in stores and people around them will be using these products in their daily routine. Personally, I can't wait to walk into the nearest Electronics store to see our product on the shelves, this is what it's all about."

For more information regarding the Apple MFI program, please click on the following link:

http://developer.apple.com/programs/mfi

ABOUT SUNRISE CONSULTING GROUP, INC.
Sunrise Consulting Group's mission is to get involved in the Solar Industry in the fastest and most productive and profitable way possible. Sunrise Consulting intends to continue to expand and diversify by building upon and adding to its current holdings and continually expanding its portfolio into related areas. For more information email info@sunriseconsultinggroup.net or go to the website www.sunriseconsultinggroup.net.

Safe Harbor Statement: This release contains forward-looking statements with respect to the results of operations and business of Sunrise Consulting Group, Inc., which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.

[CRIMPS]

Penny stocks scare the sh!t out of me. But I am interested in following this.

[RandJCigars]

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.