Allstocks.com's Bulletin Board: A couple of must read books on penny plays

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Posted by beechwood on :

If I may I'd like to recommend two excellent books on penny trading.

1.) "Microcap Investing" by Dan Holtzclaw($21.95)
and
2.) "The Micro Cap Investor" by Richard Imperiale
($35.46)

The above prices are quoted on Amazon and you'll
pay a few bucks more at your local bookstore.
They are a treasure chest of valuable info
that I found critical to trading pennies.
Check them out.

Posted by The Don on :

penny stocks are a joke

Posted by beechwood on :

I agree - to a point.
I only keep about 4% of my six figure
portfolio in penny plays.
And that is foucused mainly on shell stocks with
a good potential to launch into orbit thru a R/M.
I own scores of double/triple zero shells.
One of them was LFZA of which I bought 1 mil.
shares at .0005 around this time last year
and put it on a shelf with all the rest.
In October LFZA R/M'd and skyrocketed to .80
in a matter of weeks! (I sold half at .46 and half at .59).
I will keep ~60% of it all after taxes.
You do the math.
That's no joke to me, bud...

Posted by Firedog on :

Good Post. beechwood and if you have a good shell to recomend send me a message I am always looking for good opertunities. I am currently holding CJCL and WNSH on the shelf.

[Smile]

Posted by Machiavelli on :

pennies are not recommended to put on the "shelf" nor is it recommended to buy on other people's stock picks...

Posted by beechwood on :

Not just any penny, mind you.
I'm talking specifically about shell plays
looking to be aquired through a R/M.
Those are the ONLY pennies I play and
it worked well for me with LFZA.
The rest are junk and not worth a second look.
Check out www.shellsto_kreview.com for a good site on the subject.
Registration is free and there's no
"membership" to buy into later.
Also check out IHub's list of upcoming R/M's.
Go to IHub then keyords "reverse mergers".
Bear in mind that some R/M plays do a R/S first.
In that case wait until after the split to jump in.
It's a good idea to call the company VP, CEO,
or finance officer to get the scoop.

Posted by hbbus700 on :

Beechwood, I sent you a PM asking where you got your shell listings. Looks like we look at the same places. I am in METP a low floater