posted
Someone picked this as a mover last week (I forget the genius who did). I bought in at .0005 and it's now down to .0003 . Possible MM accumulation going on here. Any thoughts?
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quote:Originally posted by beechwood: Someone picked this as a mover last week (I forget the genius who did). I bought in at .0005 and it's now down to .0003 . Possible MM accumulation going on here. Any thoughts?
Bro you been holding this over a week?Before you bought did you do a quick check on them?
Co has over 800 mill shares:lol And in their last 10qsb they're having prblems paying their TAX,IRS is on their ass.
Any times you want to jump in a Co that has over 100 mill shares..be sure to just get in - get out lol don't ever hold.If you want a good Co try to find something with low float 60 mill or less.
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posted
Beechwood it seems like you're going all in the wrong direction here. With all kidding aside you slammed the hurricane plays and but got into this triple zero subpenny and held it?????
Thats insane. YOU NEVER HOLD PENNIES, especially ones this low. You play them for a quick flip on news and momentum, like those same hurricane stocks last week. I wouldn't play them this week though because hurricane Chris is gone so has some of the momentum in the stocks. Get in that day get out that day hopefully within 30 minutes to an hour timespan. Please read this if you have not already. Very valuable to all new traders. http://www.allstocks.com/stockmessageboard/ubb/ultimatebb.php/ubb/get_topic/f/9/ t/001296.html
-------------------- Best Regards and Good Trading
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posted
Thanks for the input. I appreciate your candor. Been doing this 6 months now and made a little money but not what I'd like. I look at a stocks numbers before it's chart. Though I DO watch the charts if the fundementals are sound. If it has a lotta debt, no revenue, cash flow, or actuall product on the market I forget it.
I must say that not all triple zero's are lemons. I got into BKMP at .0003 awhile back, held it, and sold for a tidy profit at .001 recently. It took awhile to get there but it payed off. Now it's back down. I got into ADZR at .05 and sold at .25 . I got into VRDM at .08 and sold it at .26 . My own observation has lead me to believe that double zeros have a better chance at a run if the numbers/charts look good. I agree there's to much MM manipulation in pennyland. However, you get a feel for their tricks after awhile and one can use it to an advantage.
I saw SROE go from .0001 to $1.00 literally overnight awhile back. I don't know if I coulda sold it if I had it cause the volume was so low. It might've been a shell but the prospects had me drooling. The hurricane plays I mentioned are heavy in debt with the exception of WEGI. That has some potential I think. I don't own to many pennies. I try to stick with the NASDAQ or AMEX. Only about 20% of my holdings are in pennyland. I've done very well with PHMD, GW, GIGM, & OPTO among others (all NAS./AMEX). Nevertheless the lure of pennies is appealing as well as appalling. I've had more than my share of both in the recent market.
At any rate, I enjoyed your guideines and will put them to good use. Maybe I can turn them into a fortune. many thanks.
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posted
Quite welcome dude, you seem like a good guy. Just be careful about holding any pennies. The only time i do hold for more than a day is when there's a short squeeze in play like what PAIV(Now PAVC) and PAIM had. 90% of everything you see in pennyland is deceptive. CEO's make stuf up, paid pumpers fluff the stock and so on and so on.
But GLTY
-------------------- Best Regards and Good Trading
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