posted
I have no idea people still think these pennies will make them rich... I read 5 pages of VWMK... amazing what people expectations are... Some had 10K invested... IF a trhead has more than 3 Pages,. I guarantee you the Bagholders are the only one posting...., mosyt of the time..
If a stock has more tha 500M AS be cautious you can still make some money... IF it is over 1 Billion Shares run as fast as you can from it... yes some run but for a short period... Dont take a long position on these pennies ...yes some run, gamble a 1K if you will, Vegas better odds, but 5K, 10K, even 20K you are out of your mind...
Newbie dont be stupid , THERE are SCAMS and SCUM on these pennies , Anythign with Over I Billon shares AVOID. Just My Opinions
[ June 23, 2006, 20:16: Message edited by: Prdponce ]
Posts: 5120 | Registered: Jun 2004
| IP: Logged |
posted
hey, im not sure what xkem's float is, but...
whatever. look at what pgpm did for people. look at what rshn did for people.. the list goes on and on. if you are down 13% are you a bagholder. go ask the xkem thread if they are bagholders. lol
you are out of your mind
Posts: 6397 | Registered: Jan 2006
| IP: Logged |
posted
and usxp that ran from .0003 to .04.. the list goes on and on my friend. you gotta figure out when to sell. thats the tough part. a lot of these people that have owned these stocks for months ride free shares, but still get worked up about their profits
Posts: 6397 | Registered: Jan 2006
| IP: Logged |
posted
[QUOTE]Originally posted by cactus33: hey, im not sure what xkem's float is, but...
whatever. look at what pgpm did for people. look at what rshn did for people.. the list goes on and on. if you are down 13% are you a bagholder. go ask the xkem thread if they are bagholders. lol
you are out of your mind [/
I am taking long hold... as a rule 99% of the time. SUB Pennies ,,They all run from time to time ... I was basically talking subpennies .00011111111111, however, Xkem wont hold that pps , I am betting by Friday next week it will be .02 , imo
Posts: 5120 | Registered: Jun 2004
| IP: Logged |
posted
WOW ! you guys really tag teamed that guy .....can we get an ambulance in here .
And his intentions are good ...he wants to protect newbies ....
But the bottom line is .....cactus & others are right { and gave great examples } There is risk and there is gain ..Both exist in penny land .
Who knows what stock is about to be the next " STOCKZILLA " . from pennyland . But one of them will be ......just a matter of time .....one of them will be ....it always goes that way ....JUST A MATTER OF TIME .
SSTY or AWBV or VWKM or SMMW or PAIM or CSJJ or PHBT or DCBI or WBRS or JMCP or USXP or RSHN or ? One of them will be ...it always goes that way Posts: 365 | From: redlands | Registered: Mar 2006
| IP: Logged |
posted
the only subpenny i'm aware of right now that has a chance in hell of making it anywhere is BKMP. it MIGHT, MAYBE, PROBABLY NOT, BUT NEVER SAY NEVER, make it to penny land and then, as soon as you blink your eyes, it'll be back to .002 unless you have tons of dough to blow or have done some SERIOUS DD on a sub-penny with TONS of MOMO, stay away from 'em all. they never move and you almost always lose. they're fun to play when the time is perfect. otherwise, your money might be better spent playing the same amount cash on powerball tickets.
-------------------- Cashing checks in two forms: Money and Reality
GLTA, The Phat Man Posts: 1236 | Registered: Apr 2006
| IP: Logged |
posted
Prdponce makes a valid point.. a point I think you guys are missing. If you actually read this board you will notice that very very very few are actually actively trading in and out of these sub-penny scams... They believe holding long term is the only way to not miss the boat. Trading pennies is not advisable... but if you do.. make it quick... No more than a week. If you find yourself waiting.. then you have already lost.
-------------------- Spend word for word with me and I shall make your wit bankrupt Posts: 977 | Registered: Jun 2006
| IP: Logged |
posted
I don't know about that " never hold concept " .
You trade for profit and not for a time frame .
I bought usxp at 1,500 bucks for a million shares .I bought more when I saw it dipping from there . It was a stock I thought was way undervalued . So I backed up the truck { well ..it was a mini size truck }. I started selling a year later when it was around 3 cents a share . Great profit but I held almost a year . And I'm keeping a million shares .
Bought ussp .0015 1 mil = 1,500 bucks
Bought usxp .0008 1 mil = 800 bucks
Bought usxp .0005 1 mil = 500 bucks
Bought usxp .0004 1 mil = 400 bucks total 3,200
Sold at 2 mil at .03 & 1 mil at .035 cents total 95 K
95,000 - 3,200 = { 91,800 profit } But I held over a week .
Thats only one example ....And I do have gains I have made in a day or two or even a week or two . But theres nothing wrong with holding for months , years or forever if it is the right penny .
posted
you never know when incredible news will come for a stock you own. bottom line. anything can happen.and you never know when chit news will come, like idcn today.. look what happened when gzfx pulled that friday after hours pr with cc, but pulled dilution afterburner and buried pps. as many of you know I believe in OMOG. thats because i talk to the ceo 2-3 times a month and am positive we will get great news. am I gambling? yes, is life a gamble? yes. could everything go wrong, yes. did i sell xkem too early, yes.. do i want to cry b/c of that, yes, alright enough.. i love this website. lol
Posts: 6397 | Registered: Jan 2006
| IP: Logged |
posted
I knew a guy who talked to the CEO of AFRR weekly.. this is a few years back on this board... Yep.. talked and talked he did.. the stock went from a penny or two down to a tenth of a penny.. then did a RS and lost another fifty or sixty percent in one day.. Yeah.. he lost a bundle Talking to the ceo of a penny stock is pointless.. they lie.. they all lie. Perhaps some of you remember old mullet.
Oh and what about uncle milty who talked and talked to the CEO of GZFX.. oh he always had some great news to report as that stock slid from .18 down to where it is today.
-------------------- Spend word for word with me and I shall make your wit bankrupt Posts: 977 | Registered: Jun 2006
| IP: Logged |
imakmony2005
unregistered
posted
My cars RENTLESS??? Get to washing.
IP: Logged |
OR you could have waited until the stock started to run. Get in. Catch the wave and get out in a week and make the same. Meanwhile, during that long wait you would have been free to find other stocks that were moving "right then" and continuing to add to your account so you could take a bigger position in your "homer" stock.
Look for reversals, wait for confirmation, get in, get out. Be happy with 20-50%. Be very happy with anything bigger.
The Bigfoot
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
| IP: Logged |
That's ballsy to throw down $3200 on a micro-cap like USXP. Your returns are impressive to say the least. My hat's off to 'ya, man. I wouldn't risk more than a few C-notes on any of those. If it flys, great. If it tanks I'm out beer & gas money for a week or two. What % of your micro/nano cap stocks do what USXP did for you? Personally, I won't risk $3k w/o a stop loss (I'm not in your ballpark yet) which sends me to the big boards for those trades. How did you research USXP? What tidbits can you throw out on these?
Posts: 669 | From: Gouldsboro, Pa. | Registered: May 2006
| IP: Logged |
quote: I am talking long hold... as a rule 99% of the time. SUB Pennies ,,They all run from time to time ... I was basically talking subpennies .00011111111111, however, Xkem wont hold that pps , I am betting by Friday next week it will be .02 , imo
So you might be a little late on that prediction, but it sure looks like XKEM's heading that way. .032 today
I wish I had read this post a few months ago, before I started trading. If I had, maybe I wouldn't have held on to these pennies too long. Good advice here, prdponce!
Jo
-------------------- "Great Day for Up!"....Dr. Seuss Posts: 3387 | Registered: Mar 2006
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Wink]](wink.gif)
![[Roll Eyes]](rolleyes.gif)
One of them will be ...it always goes that way ![[Big Grin]](biggrin.gif)
