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Well - JMCP doesn't seem to do anything, TGLE goes from .0003-.0005 all week but has a very high 52 week high. GWGO trades a lot and split about 2 weeks ago but remains at .0001 forever, I like to buy 1,000,000 shares of .0001 stocks for $100, and then put an order to sell them at .0002 for a quick $85 profit after comissions. CHNW is great and FSMH is doing pretty well. WNSH just jumped from .0001 to .001 so that was exciting, but back down to .0001. Thanks to Brackep for the pick!
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And what percent of the time does a stock that you can buy at .0001 eventually allow you to sell at .0002? I'm betting that's a losing proposition in that you're not selling 60% of the ones you bought at .0001 for .0002
quote:Originally posted by MichaelAdamGreen: I like to buy 1,000,000 shares of .0001 stocks for $100, and then put an order to sell them at .0002 for a quick $85 profit after comissions.
quote:Originally posted by PCola77: And what percent of the time does a stock that you can buy at .0001 eventually allow you to sell at .0002? I'm betting that's a losing proposition in that you're not selling 60% of the ones you bought at .0001 for .0002
quote:Originally posted by MichaelAdamGreen: I like to buy 1,000,000 shares of .0001 stocks for $100, and then put an order to sell them at .0002 for a quick $85 profit after comissions.
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i ahve actaully done pretty well. But for those who don't know - I'm only 19 and this is the only legal gambling I can do. GWGO and FSMH allowed me to double my money. CHNW on the other hand has allowed 5x the money, so I can't really complain about the returns.
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Okay, answer me this then. If you buy at .0001 and then put in a sell at .0002, how did you get 5x the money on CHNW, or did you not put tat one up to sell?
It's great that you're getting into the market at a young age, and playing with a small enough amount of money to not break yourself. I commend you on that. However, if you buy a bunch of .0001 stocks in hope of fillping them, you will soon have all of your money tied up in stocks that you can't sell at all.
quote:Originally posted by MichaelAdamGreen: i ahve actaully done pretty well. But for those who don't know - I'm only 19 and this is the only legal gambling I can do. GWGO and FSMH allowed me to double my money. CHNW on the other hand has allowed 5x the money, so I can't really complain about the returns.
19 huh?
OK, here's my .0002 cents: there's this little co in your area called Scana, they supply nat gas to YOU. contact them and buy some stock DIRECTLY from them and sign up for in-house dividend re-investment... in 40 years? you'll be very glad you did.... buying micro-pennies and holding them will just get you what they call a reverse split (sooner or later)
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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Yeah - CHNW was bought at .0003 and sold 1/4 of my shares at .0015, still have 1,000,000 shares waiting for .002. - I'm just looking for other potential stocks like CHNW did. TGLE shows potential, but haven't seen it yet.
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