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Micro Penny Stocks, Penny Stocks $0.10 & Under
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Are Penny Stocks Dying Out ?
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[QUOTE]Originally posted by wallymac: [QB] There are plenty of scams in the penny market but there are plenty of opportunies in the penny market as well. Those that learn to trade them properly continue to trade and make big money on them. IMO, this will always be the case. The one thing I have noticed is that when the big markets are down the pennies get more action. The big markets have done fairly well during the past year, until recently. Take AAPL as an example. It had a great run until recently, heck I remember it being in the 60's and going to 200 but On the reverse side I have seen MANY pennies gain over 100% during that time span. It's all a matter of getting in at the right time. That being said, I do think that quite a few new investors bought into the CSHD'S, SLJB'S, CKYS'S etc and got killed. They more than likely no longer trade. If you look at the number of posts to determine whether pennies are dead or not, IMO, that is not a good indicator. I will use myself as an example. I tend to post less because of my personal disenchantment with other posters, who would rather blame someone else for a trade than take personal responsibility for their own actions. I lose on a lot of trades and have no one to blame but myself. Whether because I got to greedy or because I chose to believe someone without doing my own DD is irrelavent. I did what I did. I pulled the trigger. Sometimes the company dilutes and we as traders/investors had no idea, well those are the chances we take. A keen eye with the right discipline will garner great dividends, and those people, IMO, are still trading but being a bit more quiet about it. Remember that in all things in life there are cycles. In fact that is exactly what the stocket market is about, CYCLES. If you obtain the knack to figure them out, you succeed, if not you die. As long as the penny market continues to provide the opportunity to make huge gains it will always be here. I wish all the best of luck in their trades. After reading the article, I would be looking for the MM JANE to be on a stock, WHY? Look at the volume VS the Shares. Might be interesting to follow don't you think? Sincerely Wally [/QB][/QUOTE]
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