posted
Here are just some observations trading these sub pennies. I've only been trading them for about a year. I bought pghi(gzfx) @ .03 and watched it go to .18 and back down to .015. That hurt. I only had 65k shares so i didn't want to sell any. Now i have 220000 shares of qbid. If this thing ever hits .05 or .10 i'm out with a profit. The same with ctkh. I'm not waiting or thinking these will ever be real amex or nasdaq companies. Also, i think you have to buy at least 1/2 million shares so you make a good profit with a 5 or 10 cent move, then get out when alot of people buy into these pumping stories, plunk down their money and lose it. I'm not whining, i love watching these subpennies. My gzfx is still worth $900.00 I might wait a little longer and see what happens to it. I work during the day so i can't watch these stocks all day but i think you can make a good buck following this forum. good luck to everyone this coming year....duke
Posts: 245 | From: Pittsburgh | Registered: Dec 2003
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posted
2004 was a great year for me with pennies. QBID alone made me $25,000 in profits.
You can't treat pennies like an investment, you have to get in and out. Done.
If you like what the company is doing and how they're progressing, then stick with it, watch it, hold it. Otherwise don't be scared to sell for a loss.
Don't expect the big hit either. Good luck to all.
[This message has been edited by 1BigTip (edited January 02, 2005).]
posted
If you like a company and think it might have something going on in the future,you can always ride free shares. Sell 1/2 your shares after it doubles or part of you position after it makes some good gains. Just a thought. Good Luck in '05
Posts: 150 | From: bham,alabama,usa | Registered: Jun 2004
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posted
Yeap. Free shares is always great to. Just be careful they don't diminish. So hard to find a good penny stock.
Volume is key. Do your DD. Don't buy everything you see.
quote:Originally posted by pmann2957: If you like a company and think it might have something going on in the future,you can always ride free shares. Sell 1/2 your shares after it doubles or part of you position after it makes some good gains. Just a thought. Good Luck in '05
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