posted
I was wondering about this for awhile. I spend most of my time buying and selling pennys. I'm not a rich guy but I try to make about 20-30% on each trade. Most penny trades don't seem to be large amounts of money, maybe a few thousand dollars at the most. My question is what if someone put hundreds of thousands into a penny. Could you with that amount of shares bought, with a low float stock, make nice profits at will? Throwing enough money in could double the pos and you could double your money without even selling all your shares before it drops. Is this true? Would this work?
Posts: 288 | From: South Florida | Registered: Oct 2005
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posted
Who was the guy in here saying he put 30k in on one and walked away with 210k?? Got that kinda money sheeesh - yeah - let us know which ones yer lookin at would ya?
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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quote:Originally posted by Ace of Spades: Hell no it ain't possible...you would never be able to get filled for those large orders!
+10 .. you wouldn't get filled for that many shares and by the time you did the price will plummet causing you losses... in Big Board stocks you could pull it off though... on a sidenote it could be possible in pennies if you spread your shares across the board throughout several brokers instead of just one broker...
-------------------- Let the world change you... And you can change the world.
Ernesto "Che" Guevara de la Serna Posts: 4669 | Registered: Mar 2004
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-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
It's doable, you just have to have two things.
1) A bunch of gullible people willing to buy when you're selling 2) No conscience
Just look at Shakerz and people of that ilk. that's exactly what they do half the time.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
Have been reading a lot on post concerning penny stocks. Just wondering, what would be the average profit, one would make on a round-trip. Somewhere in the ballpark will be fine. chuck
Posts: 330 | Registered: Nov 2007
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posted
My thought is that the original amount can't be too large because it would move the price too fast and you would be averaging up. Put in maybe 20k-30k with a low pps gaining a few million shares if the stock is already running others would already be in on it. Say it goes up 200-300%. You wouldn't even have to sell all of your shares to make a nice profit. All shares left would just be free.
Posts: 288 | From: South Florida | Registered: Oct 2005
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posted
Jesse did a bunch of things in his time stock and commodities/futures wise... You would have to reread his book Reminisces of a Stock Operator to find any particular situation...
-------------------- Let the world change you... And you can change the world.
Ernesto "Che" Guevara de la Serna Posts: 4669 | Registered: Mar 2004
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quote:Originally posted by Machiavelli: Jesse did a bunch of things in his time stock and commodities/futures wise... You would have to reread his book Reminisces of a Stock Operator to find any particular situation...
and it's so remarkable how current his "particulars" remain
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