posted
There's still plenty of opportunity in the penny game, it's just getting riskier, it's tougher to pick your spots. There's more and more people now that realize these aren't real companies and are just playing the pumps. If you choose to stay in this market you've gotta be able to watch it every minute because any profits you might realize could be gone in the blink of an eye.
If you're going to play this market, realize that you are more than likely investing in a scam and play it as such. If a decent profit presents itself, take it and run but don't hang on thinking it's the real deal because none of them are.
The last penny I invested in was a few months back, one that my buddy Will recommended because he has a knack for identifying potential runners. It ran for a day or two and I bailed, and then it died out and now there's a bunch of bagholders. That's the difference, he (and I) now recognize that most runs are very short lived anymore.
Again, if you're going to play these, play them smart. the days of the 500 baggers in the course of a week or so are over, at least for now.
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quote:Originally posted by Flexibill: You guys know what you are talking about....what is going on with INBG and GMFX?
INBG looks like it could take off, strictly from what they are into now, but not so sure about GMFX. I'm new to the charts and was hoping for a couple winners. I picked them relatively blindly, I admit. I picked up INBG when it was MSEP, then it became MSEM, and now INBG. I've seen it reverse split, but didn't hop out then.
I'd say that you are prolly screwed on both. INBG used to be Motorsports Emporium MSEP. They used to sell die-cast model cars on eBay LOL...It had a hell of a run about 2 years ago (hit .09 if I remember), but has r/s'ed and name changed several times since then. GMFX was GZFX Gamesnflix again multiple r/s and name changes...BTW I made a killing on GZFX before it was GZFX, but for the life of me I can't remember the symbol...Good Luck
Upside is right though....If you are gonna play these pos scams, be prepared to stare at your screen all day...get in and get out because NONE of them are ever good long term investments...
posted
A lot of good theories here. I like Average Joe’s. Makes perfect sense that a stock won’t move until the person sitting with about 250M shares gets their fill. And then the convertibles that were offered knock it right back down also. Still plenty of hot picks out there. Just finding them and learning to get in and get out. Just as you guys were saying. It seems the “big seller” is only looking for a single or just a couple pips. Tack on those that already know this that add in their 10 – 20 million only looking for the same thing. Watching a stock trade over 200M and only having a range of .0003 the whole day? Makes for a perfectly logical explanation. And if they do it over and over the buzz wears off on this new “Hot Topic” company and leaves everyone sitting there holding the bags.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?
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Here's charts on a few stocks that have run and run big not just for a day. The big gainers are still there, you only need to find them.
In the past people would post on the stocks but it became a waste of time because when the stock began to falter they would be called pumpers and people would blame them. So they stopped.
posted
Hey Wallymac. I completely agree with you. There are plenty of runners just a matter of finding them at the right time and not chasing. Too many people sell at the bid and kill runs. It's almost like they don't realize the can sell at the ask. Way too many people waste their time throwing money at .0001 stocks with ridiculious amount of OS. There are some very good traders here that post on a regular basis that people don't seem to follow. I guess it's all about learning the ropes. Enough of my ranting Good to see you around and hope all is well. Stop being so Very humble
Here's charts on a few stocks that have run and run big not just for a day. The big gainers are still there, you only need to find them.
In the past people would post on the stocks but it became a waste of time because when the stock began to falter they would be called pumpers and people would blame them. So they stopped.
Pennies are risky. Big reward, big risk.
The big gainers are still there, IMVHO
Wally
-------------------- The difference between genius and stupidity is that genius has its limits
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posted
I hate to say it but AllStocks has slowed up not the penny stocks. The people here have made it clear that you can get great runners. So that falls on our shoulders to find them before they run.
I even went over to iScrub to see if they were having this problem and they are still going strong. I will say they have gotten nicer over there, last time I was there in 2005 they were a bunch of bashers (not *******s) . They bashed every stock or any comment you made, even if it was good about their stock pic. That one reason I like this place so much. The criticism is just business, nothing personal ( big fan of the Godfather). But AllStocks is still my home and home page when I open my internet.
quote:Originally posted by T e x: It just is what is, Nile.
I post over there, too. Who cares?
The deal is, here you get that personal, one-on-one attention, when you need it.
I don't understand your post. I was comparing the amount of current post between iScrub and AllStocks. What did I say that you needed to say "who cares?" I was making a point how we need to do a better job over here. You probably just need to re-read my post.
Have you been drinking tonight T E X ?
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quote:Originally posted by Nile: I hate to say it but AllStocks has slowed up not the penny stocks. The people here have made it clear that you can get great runners. So that falls on our shoulders to find them before they run." ...
Nile
Every board out there is unique in its own way imo. You have a pic and an idea and post it and get no response. Doesn't mean it isn't a great pic - and doesn't mean it makes everyone cringe when they see it. Just may indicate that everyone else is into their own thing. There are still some very good people here and if you need help on something they are always willing to help. Sometimes just takes a little patience. I was fortunate to find this board before many of the other boards out ther when I first started thats for sure. Some of the people here then have moved on and some new people have helped to keep things moving. A lot of experience here.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?
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posted
Did no one read my response!!!!!!!... did you not read the word "OUR" or when I said "WE" !!! Meaning my responsibility also. Gosh… lets read before we respond please!
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quote:Originally posted by Nile: Did no one read my response!!!!!!!... did you not read the word "OUR" or when I said "WE" !!! Meaning my responsibility also. Gosh… lets read before we respond please!
Are you implying that everyone should get involved with every new thread and digest and analyze the pic and post every good and bad thing about it? If it sparks interest with someone then it will get its due attention imo. As a whole if I see something amiss I will step in and try to help when I can. And if I am totally screwed up on something I would hope someone would step in and suggest something. And I do see some step in to help others quite a bit around here. The format of Allstocks being what it is only keeps the "hot topics" on the front page. Other issues die off to be "forgotten" until brought back to life by someone with something new to add.
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posted
I agree with many posters herein. The penny market has lost a lot of it's luster over the past year or two. There are fewer runners and lotsa losers. Yeah, there are some gainers out there. But they're getting much fewer and farther between than in days past.
MM manipulation does play a major role like the above poster mentioned. Forget your candlestick charts and all that jazz. Most pennies don't move unless the MM's let them move. It's just that simple. And with the economy turning sour, and going into recession, MM's aren't giving up much. A definite sign of the times.
We've seen gold and silver reach new supports and testing new highs (not good news for stocks overall). I only have 6% or 7% of my present holdings in the penny, sub-penny, and nano-cap markets. Only bet what you can afford to lose in this arena. Personally, I've liquidated half my stocks into gold and silver bullion (ingots & bars). Also many bags of pre-1960's silver dimes and quarters while they're still available (better get 'em while you can).
To quote your stock guru Jim Cramer "we're in for a very serious recession over the coming year". And if the bottom does fall out of the dollar completely, precious metals will be the only venue worth owning....
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posted
Originally posted by T e x: []QUOTE]I've been working out of town during the week, and those who usually "pick up the slack," so to speak, have not been posting, either.
Maybe I can trade the open, tomorrow. If so, I'll bring that thread up... [/QB][/QUOTE]
Slackers
-------------------- The difference between genius and stupidity is that genius has its limits
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quote:Originally posted by J_U_ICE: Originally posted by T e x: []QUOTE]I've been working out of town during the week, and those who usually "pick up the slack," so to speak, have not been posting, either.
Maybe I can trade the open, tomorrow. If so, I'll bring that thread up...
Slackers
___________________
lol...
get yur azz on the day traders thread
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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quote:Originally posted by J_U_ICE: Originally posted by T e x: []QUOTE]I've been working out of town during the week, and those who usually "pick up the slack," so to speak, have not been posting, either.
Maybe I can trade the open, tomorrow. If so, I'll bring that thread up...
Slackers
___________________
lol...
get yur azz on the day traders thread
------------------- I will but I'm very lazy lately
-------------------- The difference between genius and stupidity is that genius has its limits
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I'm going to say this and will probably catch a rash of chit for it but I think it needs to be said.
I was posting on the runners thread for a while but it seemed that every time I posted a pick it went down. At first I thought it was me but then began to wonder if, just possibly if, by posting I was then getting some people interested and they decided they would jump in but below the bid.
If enough people decide to take a position but decide to place orders below the bid they will create downward pressure and the PPS will drop.
I guess it goes along with what JUICE posted earlier on this thread, just as people may not know they can sell at the ask to keep a run going, they may also think they can buy below the bid and that the run will continue.
In my experience once the MM's see any weakness they will walk the PPS down which will cause many to sell.
How do I know this? I did a test a year or so ago on PTSC. I put in a buy at .05 below the bid. It was a sizable buy and like clock work they brought it down to take my buy collecting shares along the way. It then continued down for a bit and rebounded afterward but lost momo because people wanting to wait for bottom of the retrace before buying.
I'm going to say this and will probably catch a rash of chit for it but I think it needs to be said.
I was posting on the runners thread for a while but it seemed that every time I posted a pick it went down. At first I thought it was me but then began to wonder if, just possibly if, by posting I was then getting some people interested and they decided they would jump in but below the bid.
If enough people decide to take a position but decide to place orders below the bid they will create downward pressure and the PPS will drop.
I guess it goes along with what JUICE posted earlier on this thread, just as people may not know they can sell at the ask to keep a run going, they may also think they can buy below the bid and that the run will continue.
In my experience once the MM's see any weakness they will walk the PPS down which will cause many to sell.
How do I know this? I did a test a year or so ago on PTSC. I put in a buy at .05 below the bid. It was a sizable buy and like clock work they brought it down to take my buy collecting shares along the way. It then continued down for a bit and rebounded afterward but lost momo because people wanting to wait for bottom of the retrace before buying.
Some times we create a self fulling prophecy.
Wally
ya, when they're going? sell at ask...
I definetely agggggree with that
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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