posted
It's not a club. Anybody that finds us is a de facto member. Some people just talk about a stock or stocks that they think will turn $1,000 into $100,000. Doesn't have to be just one stock. For instance, if you find one stock that goes up 10x (a 10 bagger) then $1,000 would now be $10,000. If you sell it and use the $10,000 to buy another stock that goes up 10x, then you now have $100,000 Some people take a theoretical, or real, $1,000 and either choose from the stocks that have been suggersted or come up with their own ideas and then keep us informed on what they buy and sell along the way. They may not end up making $10,000 or even a penny, but hopefully they and the people watching their portfolio learn along the way what works and what doesn't work. I came up with RNWN and bought it at .0035 while it was bouncing between .0035/.0050. It then proceeded to go down to .0009, ouch, but then steadied and went up to .0012/.0014 I realize now that I should have only put half my money into it at .0035 If it had started upward from there, I would still have a nice stake in the company, but if it drifted down, I would have had the money to invest in it at a lower price, but only average down if it still seemed fundamentally sound. The company has a history of shooting up 100% or so after good news and then backing off. With the recent spurt upward after the announcement of the possibility of joining with a profitable Arabian company, it shot up to .0035/.0038 and I could have sold for .0036 which would have covered brokers fees and left me even steven. I decided to wait and see what would happen and sure enough, it dropped. Even though that is what usually happens, there was one time when it went up and up for several days and so I got greedy and didn't sell. In this case, it dropped so fast, that I wouldn't have been able to sell with out incurring a big loss. From this I see that what I should have done was sell half at .0036, and then I could see if it went back to the .0012 or lower range and bought back in for an average price of .0023, or sold all at .0036 and then I could buy back in for .0012 plus have over twice as many shares. Or I could use the money to buy a different stock, but either way, I should have realized that the odds were that the stock was going to drop after that one day pop. So I am learning that with penny, and micropenny stocks, it is a good idea to know the history of the stock and be ready to trade it rather than just buy and hold it. Either way you might end up making money, but with the finger on the trigger philosphy, you could end up with more shares and so more money. If their deal with the Arabian company goes through, I could still make money.
Posts: 580 | Registered: Oct 2003
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posted
IGTN no need to pump. It will speak for it's self. 12 month target. Do your own DD. It has my dollors and more than I should put in one stock. Good luck if you must play.
Posts: 758 | From: FOREST,MS | Registered: Feb 2005
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