Allstocks.com's Bulletin Board: Monthly returns flipping sub-pennies for daytraders?

This is topic Monthly returns flipping sub-pennies for daytraders? in forum Hot Stocks Free for All ! at Allstocks.com's Bulletin Board.

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Posted by reseller on :

Hi stock experts,

I got this quote from a guy who claims +30% monthly consistently is possible by flipping sub-pennies stocks.

Here is his message:

quote:
If a day-trader can't net 30%+ in his portfolio month-in and month-out from flipping sub-pennies, he's not doing too well. If there were a team of experienced traders, some perhaps trading securities, others pursuing other ventures, I think 30% is consistently attainable with ease. In case you don't believe me, why not ask around on some stock boards - you'll find no shortage of people making upwards of 30%/month (some make upwards of 30% a day). All this to say, don't think for one moment a legitimate HYIP couldn't create that kind of return. 100%/mo. is certainly attainable. If you don't know what I'm talking about, you haven't done much with stocks. But don't take my word for it: look around; Allstocks.com is a good place to start. As for your assertion, then, that this level of return isn't possible: you're just plain wrong.

I think it is not possible, but we will see whether I was wrong or not.

Comments from experts are appriciated.

Thank you [Smile]