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Old 03-08-2012, 11:49 AM   #1
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Penny Stocks ...

Friend talked me into buying some shares of penny stocks which I have NEVER traded in before ... On his recommendation I bought 50,000 shares of TEGY this morning at .10 cents per share. Right now it is trading at .248 cents per share. More than doubled my investment in 1 day.

Wished they was all that easy.
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Old 03-08-2012, 12:06 PM   #2
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Sell asap
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Old 03-08-2012, 12:15 PM   #3
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Just had a look - Then had a look at the BBC headlines - Looked back and it had dropped 2 cents....
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Old 03-08-2012, 12:16 PM   #4
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Old 03-08-2012, 12:16 PM   #5
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Another 3 cents in the time it took to write that post - Sorry.....
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Old 03-08-2012, 12:27 PM   #6
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Another 3 cents in the time it took to write that post - Sorry.....

Thats why I dont do this stuff - I would have paniced and sold - but now it has gone back up again....
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Old 03-08-2012, 12:29 PM   #7
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Sell asap
what he said
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Old 03-08-2012, 12:32 PM   #8
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you made 100% ROI in one day, sell 75% shares, take 50% roi on safe, wait to see what is going on with other...
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Old 03-08-2012, 12:58 PM   #9
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you made 100% ROI in one day, sell 75% shares, take 50% roi on safe, wait to see what is going on with other...
Thats what I do. Buy in with a couple K. When it doubles sell 50% and sit back and watch the rest.

you lose nothing.
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Old 03-08-2012, 01:11 PM   #10
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is it a pink sheet (.pk) stock? its a pain in the dick to sell and most cases you will lose money by the time they sell if you dont know what you are doing
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Old 03-08-2012, 04:52 PM   #11
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Google "Pump and Dump"
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Old 03-08-2012, 04:57 PM   #12
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If you have money that you don't really care about sitting around than penny stocks are okay to play, but it's a huge risk. Try swing trading instead
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Old 03-08-2012, 06:00 PM   #13
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Friend talked me into buying some shares of penny stocks which I have NEVER traded in before ... On his recommendation I bought 50,000 shares of TEGY this morning at .10 cents per share. Right now it is trading at .248 cents per share. More than doubled my investment in 1 day.

Wished they was all that easy.
buy http://stockcharts.com/h-sc/ui?s=URB...d=p43964040472
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Old 03-08-2012, 06:05 PM   #14
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Sell asap
what he said
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Old 03-08-2012, 06:16 PM   #15
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Penny stocks are very difficult, if your looking to learn more about them google Timothy Sykes. He has been very successful with them, I have watched his videos. Wasn't extremely impressed with them, particularly because of the price.

I think your better off not playing with them unless your very educated on them. For every dollar you made someone one :-)
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Old 03-08-2012, 06:20 PM   #16
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You think it's going back up?

I like this stock "IMSC"
http://finance.yahoo.com/q?s=IMSC.PK
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Old 03-10-2012, 11:21 AM   #17
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Sold out 80% at .245 and made some change ... gonna buy back in Monday morning cause I think it's going to be a re-bounce where more money can be made on it. So far, does better than selling porn. LOLOLOL
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Old 03-10-2012, 11:50 AM   #18
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Sold out 80% at .245 and made some change ... gonna buy back in Monday morning cause I think it's going to be a re-bounce where more money can be made on it. So far, does better than selling porn. LOLOLOL
Idiot.
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Old 03-10-2012, 12:54 PM   #19
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Sold out 80% at .245 and made some change ... gonna buy back in Monday morning cause I think it's going to be a re-bounce where more money can be made on it. So far, does better than selling porn. LOLOLOL
You've looked at the stock's history haven't you? It's been at $0.01 for years. You're in the pump and dump, get out while you're up.
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Old 03-10-2012, 01:10 PM   #20
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The rule with penny stocks, is there is no diamond in the ruff or some little company in back wood Vermont that is going to be the next big mega corp.

They are ALL scams in some form or another.. Even if the people whom run what ever XYZ business is called are not involved they are still a scam. Simple reason is the stocks are manipulated at will by others whom play up pump and dump schemes.

The only way anyone should ever play with penny stocks is to just say fuck what XYZ company is, or does or what they promise for the future as it's all BS & lies. There is no regulation so they can do and say anything they want to try and affect their stock prices.

ONLY trade on momentum and buy low sell high when something is moving, never get greedy and never hold one more than a day.

Personally, when I traded them I never put more than $500 into any trade at one time as it was far too risky with those stocks and too easy to get stuck in them if you put more than that in them.

Oh, did I mention they are "ALL" scams in one way or another?

Last edited by crockett; 03-10-2012 at 01:12 PM..
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Old 03-10-2012, 02:01 PM   #21
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the thing with penny stocks is, you have to buy good companies with 40-50 percent growth on yoy basis. there will be some mises in few cases, therefore lost of 50-90 percent on investment, but other two and more baggers will make for it.
i know several guys who became multi-millionares that way.
in case you call me bullshit on this, see this thread:
https://gfy.com/showthread.php?t=1040174
two recommedations by myself, main one, SPIN.OB is up for almost 150 percent, if you bought it on the bid as I advised and second one PFHO.PK, alerted here at 90 cents, the last trade was for 1.68, almost 80 percent gain.
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Old 03-10-2012, 02:11 PM   #22
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Idiot.
yeah, someone made 100 percent ROI in a day and you call him idiot.
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Old 03-10-2012, 02:16 PM   #23
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You've looked at the stock's history haven't you? It's been at $0.01 for years. You're in the pump and dump, get out while you're up.
i just checked it and its real pump and dump. there was email promotion behind raise of this stock
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Old 03-10-2012, 02:33 PM   #24
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http://investing.businessweek.com/re...ticker=JAMN:US

Great case of a pump and dump scam: Jammin Java Corp (JAMN:OTC BB)

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Old 03-10-2012, 08:46 PM   #25
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You think it's going back up?

I like this stock "IMSC"
http://finance.yahoo.com/q?s=IMSC.PK
yeam.. just looks like its gona be sideways for a while.

URBF though, watch for the nice bounce.. would be nice if it hits .62 from .04. The last news on Feb 10, that they have partnered up with stockvest.. stock promo company =). Shorts will get squeezed. And the chart is forming a bounce play.
http://stockcharts.com/h-sc/ui?s=URB...d=p64543599431

Also, ASFX
http://stockcharts.com/h-sc/ui?s=ASF...d=p51132184053

Last edited by meka2003; 03-10-2012 at 08:49 PM..
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Old 03-10-2012, 09:46 PM   #26
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I wonder what P T Barnum would say ...

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Old 03-11-2012, 01:53 AM   #27
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yeah, someone made 100 percent ROI in a day and you call him idiot.
Thank you
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Old 03-11-2012, 02:50 AM   #28
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Thank you
I think he's referring to you plan to get back in on Monday vs taking the money and running.

.
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Old 03-11-2012, 03:18 AM   #29
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Enjoy the profit!
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Old 03-11-2012, 04:30 AM   #30
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I had a friend invest his $10K nest egg (he is a working stiff) and the stock went from 75 cents to micro cents... His money is now worth something like $17... He is still holding on hoping it will go up... Doesn't realize he got scammed... lol
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Old 03-11-2012, 10:46 AM   #31
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What people don't understand about penny stocks is liquidity...just cause there's a bid out there of, say, .10 or .25 or whatever, it means nothing...especially if you've got a large block of stock to sell.

I used to sell penny stocks, and help people get their Series 7, and the manipulation and BS that goes on in the Pink Sheets is unreal.
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Old 03-11-2012, 11:08 AM   #32
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put it all on red!
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Old 03-11-2012, 11:36 AM   #33
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I think he's referring to you plan to get back in on Monday vs taking the money and running.

.
Thanks for clarifying
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Old 03-11-2012, 01:04 PM   #34
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aapt has me interested
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Old 03-16-2012, 08:03 PM   #35
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Old 03-26-2012, 04:49 PM   #36
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Old 03-26-2012, 06:08 PM   #37
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Google "Pump and Dump"
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Old 03-28-2012, 12:12 PM   #38
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in case you call me bullshit on this, see this thread:
https://gfy.com/showthread.php?t=1040174
two recommedations by myself, main one, SPIN.OB is up for almost 150 percent, if you bought it on the bid as I advised and second one PFHO.PK, alerted here at 90 cents, the last trade was for 1.68, almost 80 percent gain.
.
my current third pick is UDHI.PK
Dental Services for Union members.Company has just become recently fully reporting with audited results. You dont find on pinksheets a lot of companies, who
suddenly become fully reporting:
http://finance.yahoo.com/news/Union-...76654.html?x=0
Insider buys as high as 2 cents, current price 0,0048, PE 2
While the company is no high-growth stock like my previous two picks, they should appreciate at least 200 percent once market get it.

anyway, i know a guy who bought this stock at the open:
http://finance.yahoo.com/q?s=BOLL.PK&ql=1
500 percent gain in a day.
sometimes you can make insane money playing pinks. sometimes you can loose insane money playing pinks. you have to just know the games.
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Old 03-29-2012, 01:29 AM   #39
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Whatever you do, unless it's a strange situation, you Buy and Sell quickly, rarely do you hold hold hold a pinkie. They pulse upwards and then gradually go in the downward motion where you lose overall. Sell when you see a nice profit.
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Old 03-29-2012, 05:10 AM   #40
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most people who get suckere dinto a pump and dump lose their ass, however if you get in early and you are not greedy you can do OK. its the greed part that will kill you.

There is a saying, pigs get slaughtered..

not to mention you need to take in account the taxes you'll be paying when you sell. What do you gain making 200 bucks? you need lots of volume to make it worth while.
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Old 04-02-2012, 04:51 PM   #41
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Old 04-02-2012, 08:34 PM   #42
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There's 2 types people involved in penny stocks...idiots and scammers.
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Old 04-02-2012, 08:35 PM   #43
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There's 2 types people involved in penny stocks...idiots and scammers.
and suckers
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Old 04-02-2012, 08:59 PM   #44
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Is there something like Oanda for penny stocks?
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Old 04-02-2012, 09:13 PM   #45
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forget penny stocks, a monkey could have made money in the market the last 3 months.
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Old 04-02-2012, 09:19 PM   #46
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forget penny stocks, a monkey could have made money in the market the last 3 months.



Ya, crazy isn't it
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Old 07-30-2012, 02:44 PM   #47
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my current third pick is UDHI.PK
Dental Services for Union members.Company has just become recently fully reporting with audited results. You dont find on pinksheets a lot of companies, who
suddenly become fully reporting:
http://finance.yahoo.com/news/Union-...76654.html?x=0
Insider buys as high as 2 cents, current price 0,0048, PE 2
While the company is no high-growth stock like my previous two picks, they should appreciate at least 200 percent once market get it.
.
third strike for 100 percent gain from my picks on GFY. Once you know the game in the pinksheets, its much easier to play it...
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Old 07-30-2012, 02:48 PM   #48
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How quickly can you liquidate? Is there always a buyer at the other end? I would think the demand for these can be quite spotty. How are the broker fees like?
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Old 07-30-2012, 02:56 PM   #49
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third strike for 100 percent gain from my picks on GFY. Once you know the game in the pinksheets, its much easier to play it...
you made money off this?



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Old 07-30-2012, 03:18 PM   #50
teomaxxx
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Join Date: May 2003
Posts: 2,734
Quote:
Originally Posted by bossku69 View Post
you made money off this?




next time read my picks correctly and dont post some bullshit here. bye

Last edited by teomaxxx; 07-30-2012 at 03:21 PM..
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