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Micro Penny Stocks, Penny Stocks $0.10 & Under
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EYII Ready to Run Check out the chart
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[QUOTE]Originally posted by noah129: [QB] big red im fairly new to this as well and im down huge on many plays i found the best way to play these pennies is to look through all that is reccomended and research the company.then when you find one you like start buying on dips and dips only.everytime i try the buy high sell higher i get screwed and im end up holding the bag while the rest of the seasoned penny traders are laughing with their profits.also be aware and stay away from just about any micro penny that changes the name too often and reverse splits.occasionally you can get a nice dead cat bounce ( a run after a reverse split ) but usually you end up putting in tons of money to see it worth little to nothing in the end.micro pennies are very risky as you know but sometimes they pay off and it can be in a big way.buy low sell high.but keep in mind that its better to get out with a small profits and not hit the top then to be sitting on a worthless stock for years to come.many times i have not sold for fear it could go way up but most of the time they actually dip rather huge after a big up day.so even though i wanted eyii to go to a dollar a share or even a quarter i got out at .16 and called it a day.im thinking in reentering maybe tommorrow as i do like the long term potential of this company but i have to wait and see.im not sure but i get the feeling that alot of times when a company gets some action and price movement they start selling shares which makes it impossible to actually go up even with lots of buying interest.best of luck to you all. sincerely noah the qbidiot. [/QB][/QUOTE]
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