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Author Topic: Question. Something on my mind.
RWGATORBLUE
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I was wondering about this for awhile. I spend most of my time buying and selling pennys. I'm not a rich guy but I try to make about 20-30% on each trade. Most penny trades don't seem to be large amounts of money, maybe a few thousand dollars at the most. My question is what if someone put hundreds of thousands into a penny. Could you with that amount of shares bought, with a low float stock, make nice profits at will? Throwing enough money in could double the pos and you could double your money without even selling all your shares before it drops. Is this true? Would this work?
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just speculating
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not always. let me know what your buying and I'll be on though...lol
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Homersbud
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Sure it could work if you play the right one.
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rvenza1
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me too. Just let me know a day before you start, and about five minutes before you start selling

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I hope this goes

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BooDog
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Who was the guy in here saying he put 30k in on one and walked away with 210k?? Got that kinda money sheeesh - yeah - let us know which ones yer lookin at would ya?

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All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

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Ace of Spades
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Hell no it ain't possible...you would never be able to get filled for those large orders!
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Machiavelli
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quote:
Originally posted by Ace of Spades:
Hell no it ain't possible...you would never be able to get filled for those large orders!

+10 .. you wouldn't get filled for that many shares and by the time you did the price will plummet causing you losses... in Big Board stocks you could pull it off though... on a sidenote it could be possible in pennies if you spread your shares across the board throughout several brokers instead of just one broker...

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Let the world change you... And you can change the world.

Ernesto "Che" Guevara de la Serna

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BooDog
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You sly dog Mach!

lol.

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All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

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PCola77
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It's doable, you just have to have two things.

1) A bunch of gullible people willing to buy when you're selling
2) No conscience

Just look at Shakerz and people of that ilk. that's exactly what they do half the time.

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chuck9
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Have been reading a lot on post concerning penny stocks.
Just wondering, what would be the average profit, one would make on a round-trip. Somewhere in the ballpark will be fine.
chuck

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PCola77
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Chuck, what are you asking?

Average profit on a penny stock trade? I'd assume it's a negative number [Smile]

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Ace of Spades
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quote:
Originally posted by PCola77:
Chuck, what are you asking?

Average profit on a penny stock trade? I'd assume it's a negative number [Smile]

I never have any clue what chuck9 is saying or asking....it's out of this world.....and if I offend you chuck9....that's because I should be! [Wink]

Ace of spades keeps it real my nizzle! [Big Grin]


http://youtube.com/watch?v=CV1a5QdZAs0

http://youtube.com/watch?v=Sn7Nx6eR_GE

Ace of Spades...gonna be my rap name [Big Grin]

[Eek!] [Eek!] [Eek!]

http://youtube.com/watch?v=F5NcnY3ZrvI

http://youtube.com/watch?v=tN1qAwAmrW4

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chuck9
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chuck9
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PC, question answered. [Smile]
chuck  -

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PCola77
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Ok, sorry I couldn't help.
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RWGATORBLUE
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My thought is that the original amount can't be too large because it would move the price too fast and you would be averaging up. Put in maybe 20k-30k with a low pps gaining a few million shares if the stock is already running others would already be in on it. Say it goes up 200-300%. You wouldn't even have to sell all of your shares to make a nice profit. All shares left would just be free.
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Machiavelli
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quote:
Originally posted by BooDog:
You sly dog Mach!

lol.

[Razz]

--------------------
Let the world change you... And you can change the world.

Ernesto "Che" Guevara de la Serna

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Skyman
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Didn't Jesse Livermore do something like this?
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T e x
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quote:
Originally posted by Skyman:
Didn't Jesse Livermore do something like this?

You mean, a buncha times? Before he killed himself?

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Nashoba Holba Chepulechi
Adventures in microcapitalism...

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Machiavelli
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Jesse did a bunch of things in his time stock and commodities/futures wise... You would have to reread his book Reminisces of a Stock Operator to find any particular situation...

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Let the world change you... And you can change the world.

Ernesto "Che" Guevara de la Serna

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T e x
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quote:
Originally posted by Machiavelli:
Jesse did a bunch of things in his time stock and commodities/futures wise... You would have to reread his book Reminisces of a Stock Operator to find any particular situation...

and it's so remarkable how current his "particulars" remain

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Nashoba Holba Chepulechi
Adventures in microcapitalism...

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