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Micro Penny Stocks, Penny Stocks $0.10 & Under
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Has anyone made money on penny stocks ?
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[QUOTE]Originally posted by Ric: [QB] There is two ways to lose money in the penny market that a lot refuse to listen to. 1) Never hold a penny stock after a run. Sell it and if it does run again you can still buy it back but 90% of the time it will fall back to where it was and sometimes lower. Penny's are manipulated on too many levels and holding long will only lose you money and give you a ulcer. Take profits and walk away. If anyone tells you to hold a penny long they are holding that stock at a lose. 2) Don't play group plays and if you can't help yourself take profit as quickly as possible. When the group leaves the stock will drop faster then you can leave. Worry about a stock that people refuse to hear negative comment on. They are hiding valuable information from you. You can't make a honest choice without all the facts. And all penny's have bad news or they wouldn't be here. If a stock is being pumped to hard then there is a reason for that. Its losing them money. There is some excitement in runs too that may conflict with what I just said but it's still risky. Because of the manipulation in this market either through groups, boards, MM's or the company a uptrend can turn on you quickly. Find your risk level and move on when it is met. Never look back on profit and wonder if I stayed longer that I could have made more because the next one will burn you if you don't obey your own rules. If you really think it can move further, sell enough to get your money back and ride the rest. A whole lot less risk. [/QB][/QUOTE]
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