Penny Stocks - Big + or Big -

[moneymatt]

there alot of penny stocks where you can tripple your money within a few months, but the problem is theres not enough volume to make huge trades so your only trippling like 500 bucks.

 

[paddedcellpro]

I am working on a project right now for an equities company and I have seen some very good potential for Easton Pharmaceuticals Inc (OTC: EAPH), it has gone up 3 times and is going to go up quite a bit more over the next few weeks... I am making a killing and suggest others to jump on board

 

[elocin]

My strategy:

I buy almost anything at less than 0.05. I do a little research on volume etc but nothing major. I sell as soon it hits 0.15. I keep nothing past that. I also never invest alot in one stock. I take whatever money I have to invest in divide it by the stocks that at that time meet my requirements. Some I lose on but the portfolio as a whole always makes me money!

 

[mydomainidea]

my big bet for 2011 is blockbuster.........check it out, carl icahn is leading the way. google him if you dont know who he is. stock is at .15cents

 

[-Jericho-]

I haven't had a lot of experience in penny stocks. Had one stock that went from $.50 to $7 and cashed out. It was an oil and gas stock that found some decent gas reserves to drill.

The one thing I can say is when everyone wants something is the time to sell it and when nobody wants it is the time to buy it. Just do your research.

 

[anish891]

I used to play with penny stocks quite a bit myself. Ive made a bunch but lost a bunch too. My biggest mistake was when I got 700% on a stock and held on to it. In the end I doubled my money, but I could have got alot more. My best advice to you is never buy into any BS a penny stock company puts out there. My penny stock that I invested in (SPNG: Spongtech if anyone remembers) started sponsoring NFL and MLB teams, and I thought it was gonna be huge. I bought into the hype and didnt make as much as I could have. So get in, get your money, and get out. Most of these companies are doing something shady, so dont buy into it.

 

[Dumper]

Hype drives pennystocks so you need to subscribe to a site that posts up to date news and get in before all the noobs think its a great buy and throw their money away and drives the price up and get out before it falls on it's face. I can't remember which one but register on a site that auto refreshes the most up to date stock news, i promise this will work for you. Even get on pennystock forums and get a feel for it, you'll see these people hyping up a stock and sit back and watch how it works a few times, you know when to dial in after a while and take their money. A lot of times these are brokers on the forum hyping their own stuff up so don't fall into their trap, piggyback off of them. Very few penny stocks ever make the grade so just be careful and don't let greed get the best of your wallet. I think i used pennystockinsider and a few others before but its been a while.

 

[protoj89]

Man, penny stocks.... I have a love, hate relationship with the market. I've been in this niche and I can say I made some money but I lost more. If you're going into this you need to commit your time into it and watch your stocks like a hawk. Watch every Timothy Sykes video there is and read Toni Morrison's book on Day trading ( I assume your going into the penny stock niche for day trading..??? there really is no reason to hold these carcass companies for the long run)

It is important to get your info and learn it GOOD but don't overdo it. Pick a few methods and stick to it, I've made the mistake of learning almost every method out there and ended up mind f**cking my self of which method I should use (some contradict the other). Also, if you consider yourself a kinesthetic (someone who primarily makes decisions on emotion over logic, you will get pwned by the market)

Anyway that's my 2 cents. Hope it helps. You can succeed in the market if you're willing to make the mistakes and lose your own money at the start.
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[WnrWnrChickenDinner]

Im really getting into it. I am looking at a few options that are around .003.
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[ok888]

WoW really good advice here
i'm gonna look in it myself
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[WnrWnrChickenDinner]

Is this the only Penny stock thread? Maybe it should be a Sticky
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[Ransackedout]

Is this the only Penny stock thread? Maybe it should be a Sticky
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The best place I can recommend is Investorshub, I have made a lot of connections there and most will help you get right where you want to be but one thing I have learned with penny stocks is buy many and sell when it needs to be sold. You can make amazing money with penny stocks but you can't be greedy nor can you be picky. Go where the cash is at the moment, they will guide through the best maneuvers. Another thing is you have to be early.

Best thoughts I can think of.

Good Luck
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[fenway]

Wow. This is all good stuff!

 

[Sampler]

Yeah, I'm really enjoying reading this thread. I'll probably research penny stocks some more and then have a go myself.

 

[WnrWnrChickenDinner]

Yeah, I'm really enjoying reading this thread. I'll probably research penny stocks some more and then have a go myself.

Im telling you this should be a sticky lol

 

[PitchBlack*]

The more research you do on picking the stocks, the better your chance of making a profit and avoiding loss. I would usually research the stock over a 5 day period, a healthy stock will usually come up during this period. Look for healthy chart patterns and uptrends. The more technical and fundamental data you analyze, the more success you will have. I dont personally invest in these anymore due to many reasons, but to each his own.

Heres a few tips that will hopefully help you out:

-Always employ a stop loss. A good exit point would be around a 5% of a major trendline.

-Look for stocks trading a miniumum average daily volume of 100,000 shares, the more liquidity, the easier for you to enter and exit the trades.

- Avoid companies with a negative earnings per share (EPS) at all costs.

- Do some research on Short Interest. This is a very important factor in determining trends. Avoid stocks with a 5% or higher short interest when starting out.

-Dont invest in pennies, only trade.


Goodluck, let us know how it goes. Cheers.

 

[GreenGoblin]

Im telling you this should be a sticky lol

I agree it should be a sticky also, I been interested in penny stock..and i wanna learn how to read it properly.

 

[JesusBack]

Invest all your money into MSFT and I guarantee that in a year you will double your money.

The above content does not constitute legal or financial advice. If you end up doing it, you owe me $4,000 delivered to my offshore bank account.Some common side effects of the advice include certain death and instant loss of eyesight.

 

[PitchBlack*]

Invest all your money into MSFT and I guarantee that in a year you will double your money.

The above content does not constitute legal or financial advice. If you end up doing it, you owe me $4,000 delivered to my offshore bank account.Some common side effects of the advice include certain death and instant loss of eyesight.

LOL good one.

 

[saintjames]

I too would tread very carefully or not at all in the world of penny stocks. I'd maybe focus on big companies you know of to start and see how you do that way. I own: LVS, MGM, GE, KFN, WNC, as some examples of good growth companies. I've made/lost money with penny stocks and the lesson is that they're very unpredictable and often go bankrupt.

Google: stockrants. They have a stock chat and forum that has helped me a lot. It's free and there are some experienced traders you can ask your questions too and get a response pretty quickly.