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Unless you're doing a research report to find out you will be sadly broke if you think you can hold one of these successfully long. it is a dream.. Not saying it's not possible, but the truth is, big companies that are successful like microsoft and cisco etc, they don't start on the pinkies, they start generating tons of revenue and go right to the big leagues... Pinkies and BB's are for momentum/day traders. IMO
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At 0.0003 the stock will usually be under the control of scamsters, and it would be difficult to get it released. These stocks usually have billions in OS, and billions of more short shares trading on the market, up to the amount of the OS. Once in awhile a penny breaks out of this death grip, but it is very rare.
I got my ass kicked in pennies trading at 0.0003 or less more than I would like to admit. Every time I would make a significant gain, I would waste it on this crap. I'm ashamed to say I just did it recently with DDSI. DOPE! No more I tell you. Don't flush your money down the toilet, stay away from these stocks.
You won’t be struggling to break even if you stay away from these crap stocks. LOL
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Stocks that trade at these levels are for quick double your money deals , get in when the volume and news is good get out real fast . E.G: CWFG bought in at .0001 waiting for news will get out as soon as i can.
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CWFG will go higher than .0005 -- only way it wont is if everyone sells for .0005 -- also If Guthries gets contracts and bids for more this is a huge winner over time -- all those getting out at .0003 will be sorry they had -- JMHO
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They lost for one time, they changed the code from CWFL to CWFG. I lost for this stock, I sole this stock last week with price $.0001 because I can not sell when they changed the code CWFG#(no ask, no bid ), they they will changed value of your stock from $1000 to $100.
IT LOOK LIKE STOCK PCCR changed to PCCN. Watch out !
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This was one of my first big penny runners. Not to a dollar but WOW was it fun. Got it at .003 sold it at .009 got back in at .007 and the puppy ran to .21, I got out at .19!!!!!!!!!SMOKIN'!
Back end of 03 into 2004.
I just remembered it as it's looking ready again and I pulled up the 2 yr. chart.
I'm going back in this on Monday morning. It's playing well again.
-------------------- Lil,
Dont LOSE more than you can afford to invest....LOL
I'm buying low and selling into the run...
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