Post A Reply
my profile
login
|
register
|
search
|
faq
|
forum home
»
Allstocks.com's Bulletin Board
»
General Investing Topics
»
PENNY STOCKS ARE NOT WORTH IT
» Post A Reply
Post A Reply
Login Name:
Password:
Message Icon:
Message:
HTML is not enabled.
UBB Code™ is enabled.
[QUOTE]Originally posted by metal1: [QB] [QUOTE]Originally posted by STAR GAZER: [qb] First of all, if you do your due dilligence, you won't have 9 out of 10 loosers. Secondly, even if you do have 9 out of 10 loosers, it is that 1 out of 10 winning stock that gives you over a 10,000% profit that makes up for all the loosers. That is the name of the game in investing in penny stocks, because only in penny stocks can you have a reasonable chance of getting the 10,000% winner. A little over a year ago I went on and on about URMP which became CWPC and now that they are on a major exchange they have the symbol BQI. It's a Canadian oil stock that was going for .25/share and it stayed there for months. Some people besides me actually bought shares in the company. Since then it climbed to $8/share before backing off to $5/share, which is still a 20,000% rise, and as I have stated since it was .25/share, since all indications are that it has tens of billions of barrels of oil on its land, it's minimum price target price is $50-$100 a share, still a 10,000% to 20,000% rise from its present price and over a 200,000% to 400,000% rise from its .25/share earlier price. A 200,000% profit would make up for a lot of lot of loosers. And if you have been with allstocks for a while you will know that there have certainly been other +10,000% winning stocks brought to our attention by other people on this board. What you do is find a stock talked about by people that looks interesting to you and then do your DD on it. Or, you can do your own DD on stocks and if you find an interesting one, you can talk about it on this board so that other people can look into it. Ok, ok, I hear you saying, fine, but what about here and now, can you name any other stock that is going to go up +10,000% from its opening price this coming Wednesday? Easy, no problemo. I talked about IRNG a year ago when it was 4 cents a share. A lot of people before me bought it at .03/share. Friday it closed at .15/share, a 5,000% rise for them, BUT it has barely begun its move upward. My minimum target for IRNG is $3/share, and I say minimum because it is probably going to go higher than that. But even at .15/share, $3 will be a 20,000% price rise. But even besides the chance for make huge profits with penny stocks, the reason I like being in penny stocks is because it is fun. But I realize that it is no fun to lose money, and boy, can you lose money in speculative penny stocks. So my suggestion is that you only put some of your money in penny stocks, and if you lose it, then wait until the next year before putting more money in penny stocks, but you can continue playing them on paper. Eventually, hopefully, you will get better at buying penny stocks and eventually, or even shortly, you will get rich buying penny to dollar stocks. [/qb][/QUOTE]nice examples but all your percentage gains are off. [/QB][/QUOTE]
Instant Graemlins
Instant UBB Code™
What is UBB Code™?
Options
Disable Graemlins in this post.
*** Click here to review this topic. ***
Contact Us
|
Allstocks.com Message Board Home
© 1997 - 2021 Allstocks.com. All rights reserved.
Powered by
Infopop Corporation
UBB.classic™ 6.7.2