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I haven't been playing the penny stocks for about four to five years but, back then the message boards were very active, now i don't see anybody on them anymore...does anyone know why?
I used to use Yahoo message board got a lot info on new or old stocks. Even though i new everything came out of a boiler room some was very entertaining and helpful and even made a lot of money.
I feel in order to play penny stocks you need message boards.
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Do you know of any other popular hot spots for pennies message boards. Because, you need message boards in order to pump the garbage. JMO
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Main reason ( in my opinion ) for penny stocks not being what they were is that they came up with the frequent trading rule which says unless you have 25k in your brokerage account your trading is very limited. Kids cant start with there lunch money and day trade.
Yes the board has been all but dead lately. Still gets a couple thousand lurkers every day though. Site is still OK and getting about 7,000 unique per day. Fair Value and Chart pages main draw.
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I think the growing popularity of options trading is a big reason penny stocks are not nearly as popular as they were 10-15 years ago. When you really sit back an think about it, many of the bagpile, garbage stocks we traded here back in the day were like buying way OTM options with no expiration date.
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you are right cash the off target should be running like a raped ape but its not. If other members feel like I do , just sick of politics, they don't post.
-------------------- Wise men learn more from fools than fools from the wise.
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I dont play pennies anymore, just invest in stocks over 5$, got tired of bs bagholding. I still lurk the off-topic every few months but most of the veterans here stopped posting a long time ago so I dont frequent this board as often as I used to. I think maybe everyone took themselves and their political opinions way too seriously, got mad, and left.
-------------------- One is never completely useless. One can always serve as a bad example.
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