I have a bunch of loser penny stocks that are coming up on 1 year holds, so I need to sell some of them to offset some short-term capital gains.
Some of you know about the "Jo effect" where as soon as I sell a stock, it immediately goes up. So, I thought I'd have some fun with it and get votes on which ones I should sell. I would like someone to benefit from the "Jo effect", so I'd like to sell the ones that some of you still hold.
The choices are as follows. Hit the Poll button to vote.
CBAY - currently .0035 PAVC - currently .42 RSHN - currently .0006 SLJB - currently .0155 SEVI - currently .0011 UPZS - currently .045 XKEM - currently .0207
Also, if anyone knows any compelling reasons to continue to hold any of these, please alert me. Thanks, Jo
Posted by Machiavelli on :
sell all of them but then again you knew i would say that Jo lol
Posted by ruthie on :
I wish I could give some good advice on this but I am holding way too many of them myself....
Posted by PCola77 on :
Jo, I assume you just have the 100 shares of PAVC, right? If so, that wouldn't be a loss, would it? Or do you have more than that for some reason?
Posted by Jo4321 on :
Sadly, PCola77, I paid so much for the original PAIC shares that even with the extra 93 shares after the split, I'm still in the red.
I did not buy them on the geek play. I had them already! (Sad but true)
Jo
Posted by PCola77 on :
Oh geez... I'd probably keep an eye on the price the next few days, and the first time you hear about someone getting their restriction lifted, bail then. It's been going up lately for some reason, but once the restricted shares hit the market, it'll be ugly. IMO, of course.
Posted by Jo4321 on :
Thanks for that suggestion. I guess they were restricted for a year, then?
Jo
Posted by T e x on :
most are, at least--then you go through 144 junk...
Posted by Jo4321 on :
Okay folks, the PAVC shares are sold at .73
Let's see if the "Jo effect" is in play.
Jo
Posted by PCola77 on :
Why'd you sell that one Jo? It's still been going up. You shoulda held until restricted shares started hitting the market.
Posted by Jo4321 on :
Cause, it was #1 in the poll
I didn't have time to wait for restricted shares to hit cause I needed to get out of it to use it for a short term loss.
So, I see the "jo effect" is working on that one. Up to .98 since I sold.
Which one next? You guys give me one that you are in, so that you can benefit!
Jo
Posted by Jo4321 on :
By the way, I sold ZEUS yesterday for $33.50.
Hit a high of $33.97 so far today.
Jo
Posted by BooDog on :
what we go through to learn eh? Posted by Jo4321 on :
Zeus $34.65 Posted by Jo4321 on :
Up on the sell block now are SEVI, SLJB and XKEM.
Posted by Jo4321 on :
SLJB .012, XKEM .0199, CIPH 1.12
All gone. Catch them on the way up now!
Posted by BooDog on :
thanks Jo. was thinking .024 pretty easy for xkem. just a lil patience. sevi is scary enough imo good riddance, sljb may surprise you back to .02 to .024 ~ good riddance to that one too. guess who might shake something ~ xlpi ~ just finished their hearing and was given a chance to pay up and move forward (within 120 days) or walk the plank. not sure if you still have any of that or not. see what they can do with no money and no employees getting paid. i threw a little in today for the gamble ~ most likely will watch it rot. may make for a couple flips along the way. cheers
Posted by Jo4321 on :
I used to have that one (XLPI), LOL. Do you have XKEM? I hope it goes up for you based on my sale.
Posted by BooDog on :
nope out of xkem. watching it though. i try to keep an eye on all these pos pinks and ob's. never know. a little gamble here and there along with some real plays. keeps things interesting.
Posted by Jo4321 on :
I am now out of all losers that start with the letter 'X'
XSNX XLPI XKEM
Posted by BooDog on :
i missed xsnx might have to check that one out now that you're out!
lmao
just kidding
Posted by kermit42 on :
Jo, would you mind doing a great many a great favor by buying EFGO and then selling it? (Try not to hold it too long--we don't need the dip.)
TIA
Posted by Jo4321 on :
LOL, sorry, I'm trying to get OUT of pennies, not into them.
Jo
Posted by BooDog on :
soon i'll be all by myself in penny land Posted by Jo4321 on :
![[Wink]](wink.gif)
I'd probably keep an eye on the price the next few days, and the first time you hear about someone getting their restriction lifted, bail then. It's been going up lately for some reason, but once the restricted shares hit the market, it'll be ugly. IMO, of course.
![[Smile]](smile.gif)
![[Frown]](frown.gif)
what we go through to learn eh? ![[Big Grin]](biggrin.gif)