Allstocks.com's Bulletin Board: Are Pennies Typically Dead This Time of Year?

This is topic Are Pennies Typically Dead This Time of Year? in forum General Investing Topics at Allstocks.com's Bulletin Board.

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Posted by Uncle Smelly on :

I've been trading penny's for about a year, had losses (CSHD, FGFC, IPRE, RSHN). Had gains (BANY, APPI, XKEM). And have ended up about even...

However I've noticed that many of the penny companies are not putting out PR's or communicating with the shareholders during the Thanksgiving - New Years timeframe. In fact they seem to just be letting the pps's sink lower and lower.

Is this normal action for these pennies? Do they usually pick up steam in Jan/Feb? Seems to me that a lot of the companies are just waiting for the holidays to be over with.

Thoughts ?

Posted by hedfe on :

quote:
Originally posted by Uncle Smelly:

In fact they seem to just be letting the pps's sink lower and lower.

Thats what 99.9% of pinks do all year round, its just during nov. and dec. they fall even faster [Big Grin]

Usually the market speeds back up after dec. , usually the best months are jan-apr, but theres always good plays no matter what time of year it is [Wink]

Posted by OILDOG on :

Excellent point, hedfe!!!!Never believe or trust a penny stock. 99.9% are scams.

Posted by beechwood on :

The MM's have been holding pennies down hard
this year and not letting to many run.
I've seen buying volume go up yet the pps
stay level, or even drop, at the same time.
That spells MM manipulation.
And I've never seen it run as rampant as it
has since the big marketwide selloff in May.
Something is up and the MM's know it so they're
shorting pennies like never before.
In fact the last 6 or 8 months have been a
short sellers paradise in pennyland.

Personally, I think the market is due for a
HUGE correction.
And I mean HUGE.
The DOW is way overvalued at 12,400 or so.
Just like the dot.com bubble was in 2000.
I have well into six figures in the market
at the present time and I'm parking most
of it on the sidelines until after the
new year when things generally pick up.

This time of year is usually slow with
low volume and lack of interest during
the holidays.
In addition, many companies aim to reduce
their taxable earnings during this quarter.
All of the above usually combine to let
pps slide on most issues.
That said, it may be advisable to stay out
of the pinks & BB for awhile and see what
the new year brings.