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So how do I make money then?
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[QUOTE]Originally posted by Ric: [QB] Trends Pennies are all about volatility and trends. The only reason to look at a 6 month chart or longer is to see the overall trend of the stock. Is it going up, down, or staying the same with little bumps in the road. Look for peaks and valleys and do they happen on a regular basis. If so then look for a bottom and buy then sell at the top and wait for the next valley. Never let people tell you after a run that it will run again. That rarely happens. Usually after a run it slowly drops back down. Never average down. Sell and buy back at bottom. Holding until bottom never makes you money, it only makes your loses harder to bare. Longs in a penny stock want you in so they give you the pretty picture. They hope they can get enough new investors to make their stock move and it won't until the stock is ready. Learn to follow trends and how to find the bottom plays. Usually if a stock has more then a couple pages then the stocks has already done something and hope is what keeps the thread going of it moving again. Be smart, think, learn, and research. The .20 rule I study patterns and trends. I use charts with fundamentals to try and figure where stocks can go. I have been on this board for nearly 2 years now and studied pennies in depth for more then 5 years. I have found some very interesting facts beside learning the hard way to never hold a penny long term. But one fact that I have found is stead fast. Now this rule does not apply to a stock that was over 20 cents and fell below 20 for some reason. This only applies to subpennies that finally break into the penny range and run. Pennies rarely ever break .20 (fast run may go to .22 but rare). This has worked for so many of the so called pennies going somewhere. The pennies that longs claim will go to a dollar but never do. Like GZFX, TCFT, ONEV, HISC, and many more. When they were in there prime they all stopped before the magic number of .20. Not sure why but its true. This is a hard wall. There is soft walls at .002 and .02 also. They are easier to break but if you look at runs they seem to die right before these numbers. But as for the hard wall of .20, I have only seen it broke few times since playing in this market. Not to say that it never happens and I didn't see it but it is real rare. Usually it happens was to reverse mergers. This rule does not apply to stocks that were higher then .20 at one time and dropped below that price. Once one runs to .18 -.20, it seems to drop to .10-.12 and jump back to .18 a couple times before settling at .14. Then it will slowly over time sink back below .10. This pattern holds true. Just a heads up for those that think this will gap hard Monday and run. Trust me on this one but saying that Murphy's law will try and prove me wrong, lol. The blame game Part of the problem is blaming the shorters while holding the stock. Naked shorting is bad and hurting the market thats true. But does it really matter as far as an investment is concerned? The reason I say that is a smart investor sells a stock going down and buys one going up. No matter the reason, if a stock is on a downward trend then sell it. Buy one on a upward trend or at bottom. If it turns down, sell it and buy another. Because for every stock going down there is one going up. So why blame something you can't change, at least right away. Buy low and sell high and move on. Pennies are manipulated and you will never make money complaining about it. You make money using the manipulation to your advantage. Manipulation happens on all kinds of levels in this market. Be it NSS, dilution, bashing, or pumping. Pennies are full of it. But sitting there saying that bashers only bash good stocks so I am buying more only makes your loses that much greater. Because everytime I hear that all I ever see is a continued downtrend. Everyone needs to stop blaming the cause and invest wisely. If you want to stop NSS or other forms of manipulation thats great. But don't hold the stock for loses while you do it. [/QB][/QUOTE]
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