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Author Topic: Penny stock stories...
Dino
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i am curious to hear about penny stocks....

do most penny stocks (and im talking under 5 bux penny stocks) go on to be HUGE stocks??

or do most penny stocks hang around and become obsolote after time....

Gimme your success and failure stories.....

ever have a stock that you bought at .10 go to $50??

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Dino
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dang...no stories to tell?
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Sgt. Steiner
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You will get no such stories it almost never happens. Most penny stocks are scam companies simply set up to sell stock. They send pumpers into boards like these to tout stocks causing increased volume then the pps goes up at this time the company insiders as well as the paid pumpers sell off making a profit and leaving some new investor looking to cash in on penny stocks holding the bag
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glenngsxr
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Check this out, may not be a millionaire story, but..... I opened my Scottrade account with the $500 minimum and I had an emergency the next day and I had to withdraw about $465 bucks, leaving me with a little under $40 bucks. Well, I said oh ****, what can I possibly buy? I found micropenny land and did some really hard research, seeing that $40 bucks should be spent well. I bought in a stock and it tripled within three days and I had a little more money. Needless to say, I, over time, have turned that $40 bucks into about $1200 dollars in a little over a month. Talk about a close call. Glenn

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wide open until you see god, then brake!

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glassman
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Last year? i picked ONEV at .015$ it hit .22$ about a week later...then the company diluted....


http://www.allstocks.com/stockmessageboard/cgi-bin/ultimatebb.cgi/ubb/get_topic/f/2/t/003473.html?#000000

being too greedy is what hurts most people....

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Don't envy the happiness of those who live in a fool's paradise.

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keithsan
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yes you did G, yes you did. I picked TLTD at .03 or so and it hit .32 i think that was this year. they did a forward split.

ONEV was AWESOME [Smile]

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glassman
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i picked GTEL at .067$ in the middle of Dec. it went to .36 about two months later...

it should back cuz there hasn't been ANY insider selling since the end of Jan, (despite rumors to the contrary)

i use a lot of screeners and i work pretty hard at this...

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glassman
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NEOM was a pick by somebody here when i first showed up.... it was sub-penny......look at it now... LOL


yes, this is a hard game.....

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cruz
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got in NEOM at 0.23 and sold at .515 and .595 - not bad. yes - it's has been a hard game lately with the market being down.
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zoltan
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quote:
Originally posted by keithsan:
yes you did G, yes you did. I picked TLTD at .03 or so and it hit .32 i think that was this year. they did a forward split.

ONEV was AWESOME [Smile]

Yes TLTD was this year great pick for whoever picked it im sure it was you who got me into Keithsan made a pretty penny on that...but didnt get in until .05

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keithsan
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G GTEL was a great call also, i followed you at .07 didn't ride it all the way up like. ONEV what was that othe one, CNCN or sumptin, it smoked too, if i recall we posted it at the same time. (ezto was another good runner) SHRN at .07 was ok, was shy of a triple i think.

none recently though [Frown] CADY could've been but was misplayed. and G you do work very hard, to hard, you need to post a little more.

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Dino
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these are the stories i wanted to hear.....

keep'em comin.. [Smile]

VERY good reading here.. [Smile]

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glassman
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MSFT was first offered 3/14/86 at .20$ unfortunately, i was [Confused] oblivious [Confused] at the time....

 -

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keithsan
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MSFT i wish, think the .20 was only after split adjustments but i'd take it.
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glassman
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lately? the best plays have been reverse mergers or shell takeovers....

SPEA was taken over this year....it started at .07$...

it's now cxke it's traded as high as 24.85 today....

i did not catch all of that but i got a little peice...


i have been spending most of my DD time lately looking for reverse mergers, and i was particulary annoyed to miss CYDS (.25$ to 4.6$ or so).... but i think Keith got a peice of that.....MJET (.04$-.55$) is another one that i missed in the last couple weeks..both of them i missed because i couldn't find out enough about the company buying the shell...not worth the risk? maybe. maybe not.. [Big Grin] i try not to get tooooo mad about missed opportunities....

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glassman
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yep you are correct keith...

New Campus 3/13/86 Motivated by a desire to provide value to an increasing number of employee shareholders, Microsoft stock goes public at $21.00 per share, rising to $28.00 per share by the end of the first trading day. Initial public offering raises $61 million.

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Don't envy the happiness of those who live in a fool's paradise.

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keithsan
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was SPEA the Elvis one....that one still pisses me off.

calling me correct must've hurt ehh..... [Smile]

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glassman
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owwwwch...LOL.. [Razz]

yup Elvis' estate...

you picked SHRN before that last big run it had too...

i've been running a portfolio on oversold stuff lately too...guess what? it just keeps getting worse and worse....we need a good PR.......(one that hasn't been leaked a week ahead of time)

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Don't envy the happiness of those who live in a fool's paradise.

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SmokingUSA
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My BIGGEST RUSH!!!

#Symbol Quantity Price Account Type Action Trade Date- Settled Date Principal Comm Fees Amoun

E
54 EQUITY AGIS 38,500.000 $0.0160 CASH Buy 10/10/2003 10/16/2003 $616.00 $15.08 $0.00 $631.08

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Disclaimer-my stocks are per the advice of my lucky eight ball, please seek your own professional consultant ....
If at first you don't succeed, then skydiving definitely isn't for you.

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glassman
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what'd you sell it for?

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Don't envy the happiness of those who live in a fool's paradise.

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SmokingUSA
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I've told you before. LOL
I was at work that day it hit .74
My wife calls and tells me while I'm at work, so I'm watching it fly at work thinking wow!
I get home and my wife proudly told me this
51 EQUITY AGIS -19,250.000 $0.0800 CASH Sell 11/6/2003 11/12/2003 -$1,540.00 $19.70 $0.08

(She didn't play it right, but she played it better than I could of from work!)

Shes still holding the rest! Shes different than I am!! LOL
The reason she has it is because when I bought AGRD I used her money along with mine then it turned out to not have a product and dropped she got mad at me so I switched her even up with my agis since I felt guilty for using her money then agis went and shot after I gave it to her!
She didn't play it right, but she played it better than I could of from work!
But it was still a BIG RUSH!!!!


PS I remebered it a little wrong the day she sold what she did was the day it hit .40 the day she called and told me how it was shoting was the next day. (basically she paniced and missed it) Don't tell her I said that!!

[ April 27, 2005, 22:23: Message edited by: SmokingUSA ]

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Disclaimer-my stocks are per the advice of my lucky eight ball, please seek your own professional consultant ....
If at first you don't succeed, then skydiving definitely isn't for you.

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SmokingUSA
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PS:
I still owe Chicago Joe a steak dinner for that one!!
I would of never stumbled across it if it wasn't for Chicago Joe putting it on a stocks to watch list!!!
So, Chicago Joe where ever you are that was my best RUSH yet!!!
I owe ya!!!
HAPPY TRADING:)

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Disclaimer-my stocks are per the advice of my lucky eight ball, please seek your own professional consultant ....
If at first you don't succeed, then skydiving definitely isn't for you.

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keithsan
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couple more stories.....APOL LEN CHS PAYX SFD.
Great companies all have a niche all normal products.....

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kcbudman
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Started 2 years ago with $2800. In 10 months ( I know because of taxes)it was up to 24,000. GZFX, NTMD, ONEV, STKR, were some of the good ones. Now, $1800. PCCL(pacel) or whatever the hell it is now, ACSJ, now ACSH, or whatever, took $14,000. And to top it off, this month started with $2200. I can't win. It has been a bad year.

But I did buy another rental house this week!

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Well i had no experience and no clue what i was doing about a year ago. Started in Ameritrade with 1000. Second stock i got was TFCT (i dont know what it is now even though i still own it) my 200 went to 1300 in a few months but of course i was greedy and didnt realize how hard it was decline, now it's worth about 2 bucks. CMKX actually made me a good deal. Got GTEL at .085 and sold at .155 thinking it was going to tank and didnt want a repeat TFCT, nothing too impressive, i doubled my money in a two months and now i am down 50% from my starting value:( At least now i have an idea how these things work so i wont make too many stupid mistakes....I just find it so hard to cut my loses, I have too much hope. go MSEP? nothing too impressive
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Dino
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thanks guys, im learning alot right here on this board.....

but i got to ask.....

do they REALLY have people on here scamming this board and saying "????" is a good tip just to scam people of their money??

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jordanreed
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I got one-- I bought MLON and lost the whole thing!!

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jordan

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glassman
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quote:
Originally posted by Dino:
thanks guys, im learning alot right here on this board.....

but i got to ask.....

do they REALLY have people on here scamming this board and saying "????" is a good tip just to scam people of their money??

yes......LOL, just like they do on MSNBC.....

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rrttd
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bought hlsh 2yrs ago at .08 and .15 when it was going to go bankrupt I worked for the hosp. so I knew it was o.k. and sold out around 6.00 taxes hurt took so much ink to write the check had to put 2 stamps on envelops
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