posted
Can anyone site 1 or more examples of a stock trading at the penny level and moving up over $5 and staying put. Ive been told by big investment folks that this never happens would like to prove wrong thanks
Posts: 396 | From: Blue Springs MO USA | Registered: Oct 2004
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Wow this one has had quite a run any idea what causes such a spike??? Ive seen many companies that increase profits but don't make those big of jumps in stock price
Posts: 396 | From: Blue Springs MO USA | Registered: Oct 2004
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There is tremendous interest in and demand for their product. LENF just had a nice run to $6.00 in the same sector, but it remains to be seen whether it will stay there. I'm by no means an expert on the game yet, but when you're dealing with these penny stocks it's often the potential of the product that matters more than revenue and profit. The trick is to get in at the ground level, and that is likely going to be long before profits are made. That's why it is so risky and not recommended for most investors. Don't put anything into a penny stock that you're not willing to lose.
Posts: 129 | From: Columbia, SC, USA | Registered: Oct 2004
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I understand that I would never put all my eggs into the penny basket. Just curious as to how often a company does like tasr and makes a big run
Posts: 396 | From: Blue Springs MO USA | Registered: Oct 2004
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It is supply and demand, and a lower float...ex: TASR 20mil has alot to do with "explosive" growth. That's one reason I try to not buy anything over 100mil float preferably in a penny, because A reverse split may be necessary to go to a bigger board. A reverse split, except in the rare case usually hurts the stock, and loses trust in the company.
posted
Hey thanks for the info you know of any other stocks that have made the gains like TASR?
Posts: 396 | From: Blue Springs MO USA | Registered: Oct 2004
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Lately the major gainers have been ISON, UGHO, LENF, ADSX..remains to be seen if these can one day do what Tasr did. ADSX was an otcbb stock only 6-8 mths ago, did a reverse split and went onto nasdaq. Looks to be a future major player in RFID. Another way that "pennies" can grow to be big stocks is through reverse mergers with other companies or being a takeover target. IMO potential is very good for pennies, especially sec pennies. This is where alot of new technology gets it's beginnings. The hard part is distinguishing the "real" deal from the "hype".
I like the way you are thinking, however I play the game different (and I will probably be blasted for this). I don't care if the stock goes up from pennies to dollars AND STAYS THERE. As long as I get out before it comes back down. I am in this not to hold long, I am in this to have the stock go up and me get out with profit. NOW, to re-phrase your question: What stock has the potential to go up on a run like TASR, AMUL, LENF, ISON, etc.? Tell me when it is low so I can buy and then sell when I am comfortable.
And Yes, I am looking hard into what all of the people on this board talk about. I think you get more honest opinions (and not just bash and pumps) on this board than you will anywhere else. Keep up the good work guys.
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You know some people retired from that group. Does anyone know whats going on with MRKL bought in a few days ago and its done nothing but drop ???
Posts: 396 | From: Blue Springs MO USA | Registered: Oct 2004
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I think MRKL is well positioned and has a lot of potential. I'm keeping my eye on it. You should do a search on this board for MRKL. I'm sure it's being discussed a good bit.
Posts: 129 | From: Columbia, SC, USA | Registered: Oct 2004
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Yes it was being discussed alot last week when I bought in but like I said this week seemed like no one is talking about it and its dropping
Posts: 396 | From: Blue Springs MO USA | Registered: Oct 2004
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If you believe in it's long term potential average down after it hits it's bottom. If you are thinking short term for MRKL, protect your money 1st...even if it means selling at a small loss, and buying back after the full drop off. The thing with pennies is without news they drop, so unless you bought the pennystock at rock bottom price, you can expect it to drop if it has a lack of news. MRKL just came off of a flurry of prs, and had a recent runup. It is possible that it will lose more share value if no new news is forthcoming.
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You can check a stocks support and resistance levels at www.investorguide.com just put in symbol and click on opinion. It is very useful for helping to gage when to buy in and when to get out. I have found that most pennies after a "run-up" will trend back to their supposrt levels and sometimes below that. I tell you this because I lost a good deal of money this year believing in the "long term" possibilities of a pennystock. Now I know to find them when no on else wants them, that way you get them much cheaper and if you know they have good potential they will run again.
Hope this helps, Sarah
[This message has been edited by SCinFL (edited October 24, 2004).]
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