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I have lost the majority of my money investing in VGME, GDVI and CDVJ. I originally started off with $3500 too try and help out with my college payments and now I am down to about $780. If anyone knows if these stocks will be making a come back soon or if they know any stocks in the .0001 range that will be significantly increasing soon, please help me out. Also, I am affraid to sell my positions in the three stocks above because, considering my luck, when I sell- they will skyrocket. If someone knows that these stocks will not be increasing, I would love that information too. Thanks a lot everyone. Hope you guys are having better luck than me.
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Wish I could help, but its impossible to say what a stock is going to do. If any us could do that for sure, we'd be rich. Most people that invest in penny stocks lose. Penny stocks trade in the pennies for a reason. Most are not quality companies with good futures, if they were, they would not be in the penny range. I've learned that the best thing to do with the pennies is to "trade" them, not invest. By trade, I mean to get in and out in the same day. When you hold a penny overnight, you are exposing yourself to R/S, delays, bad news, or MM manipulation. There are the rare pennies that are good companies and will make you money, but the main problem is that most people buy these companies thinking they are going to eventually hit $1 a share and they will be rich with their 1,000,000 shares they bought for .001. It just doesn't happen that way. It never does. In the mean time, they lose out on the 30% profit they could have made when it moved, but instead they got greedy with promises by all the pumpers that this could be the stock that goes over $1. My best piece of advice for the future would be if your going to play the pennies, daytrade them, take your profits and move on to the next play. Penny stocks are just another version of ponzi schemes. You buy shares in worthless companies and hope that you can find some other person to buy them from you for a little bit more than you paid. Thats how you make the money. Another piece of advice is to not use your college money to buy penny stocks. A college education is a much better investment than any penny stock. Good luck.
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I would suggest selling 1 or 2 of your positions. Then maybe all 3 will skyrocket and you will make your $$$ back on the 1 that you kept!!
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