Pennystocks... - GoFuckYourself.com

MaDalton · 12-29-2009, 10:47 AM

anyone ever tried that?

with success?

BillyHoe · 12-29-2009, 11:18 AM

yes, and yes. The key is to watch the market like a hawk, and you need to research the companies you're buying in. Takes alot of time, but sometimes the return is worth it. I had a friend turn roughly 500$ into just over 100k in a span of 12 or 18 months. I haven't had that much success but I usually double what I invest.
However I haven't played in the market since 2008 when all the shit hit the fan, so might be different now.

The Demon · 12-29-2009, 11:21 AM

Quote:

Originally Posted by BillyHoe

yes, and yes. The key is to watch the market like a hawk, and you need to research the companies you're buying in. Takes alot of time, but sometimes the return is worth it. I had a friend turn roughly 500$ into just over 100k in a span of 12 or 18 months. I haven't had that much success but I usually double what I invest.
However I haven't played in the market since 2008 when all the shit hit the fan, so might be different now.

What he said. Just realize you have about as much chance of winning the lottery as you do of finding a winning stock. But yes, if you do your research like a mad man, then your chances improve significantly. As an investor, I wouldn't waste my time on it though.

L-Pink · 12-29-2009, 11:24 AM

You had me until "with success"

.

Bossman · 12-29-2009, 11:26 AM

http://www.timothysykes.com/

chupachups · 12-29-2009, 11:26 AM

Quote:

Originally Posted by L-Pink

You had me until "with success"

.

Love your sig!

MaDalton · 12-29-2009, 11:29 AM

i just stumbled across a site and that reminded me of a game we played at university where everyone had 4 weeks to make as much profit as possible from the stock market with a starting capital of 10,000. we all busted our asses and made maybe 10 or 15% plus and one guy won by buying only stocks from one company which went from 1 cent to 2 cents.

let's say i wanted to look into that - what would be a good site where i can buy them?

O MARINA · 12-29-2009, 11:49 AM

Quote:

Originally Posted by MaDalton

let's say i wanted to look into that - what would be a good site where i can buy them?

once you figure all this out, and learn and "success" then teach me

redundant · 12-29-2009, 11:58 AM

Any of the online broker houses should be able to do it:
eTrade.com
TDAmeriTrade.com
Scottrade.com

CIVMatt · 12-29-2009, 12:07 PM

What everyone said... you have to have the time and really watch. Haven't done it in a couple years but it's fun. Making a zillion dollars is hard but making a nice decent profit is not.

CIVMatt · 12-29-2009, 12:08 PM

Quote:

Originally Posted by O MARINA

once you figure all this out, and learn and "success" then teach me

I got something I want to teach you

MaDalton · 12-29-2009, 12:38 PM

Quote:

Originally Posted by Bossman

http://www.timothysykes.com/

funny website - i have the feeling it's more like all the ebook peddler who make more money from the books than from the "knowledge" in them

Bossman · 12-29-2009, 12:45 PM

Quote:

Originally Posted by MaDalton

funny website - i have the feeling it's more like all the ebook peddler who make more money from the books than from the "knowledge" in them

Yes, its kinda hard to make really big money trading Pennystocks (not enough volume to do major trades), so some of the smarter guys are either creating their own "pump and dumps" or telling other people about the pump and dumps going on (like Timothy Sykes

candyflip · 12-29-2009, 12:57 PM

They advertise this site on a radio show I listen to all the time. Might be worth checking out.

http://pennystockchaser.com/

MaDalton · 12-29-2009, 01:01 PM

Quote:

Originally Posted by Bossman

Yes, its kinda hard to make really big money trading Pennystocks (not enough volume to do major trades), so some of the smarter guys are either creating their own "pump and dumps" or telling other people about the pump and dumps going on (like Timothy Sykes

great info - thanks

qwe · 12-29-2009, 01:06 PM

I love gfy discussion about stocks where people don't know wtf they're talking about lol...

EscortBiz · 12-29-2009, 01:08 PM

Quote:

Originally Posted by qwe

I love gfy discussion about stocks where people don't know wtf they're talking about lol...

i love people on gfy who think they know everything bashing others who think they know everything

lol

as far as penny stocks go you might as well go to vegas, as we have seen in the past few months the big boys are involved in insider trading

the rest get fucked, you might win one day but the next day you get wiped out

if you want a cheap stock that long term will be good buy some citi

MaDalton · 12-29-2009, 01:23 PM

i admit i don't know anything about this, that's why i ask

MetaMan · 12-29-2009, 01:34 PM

i would tell you how it works but you would have to pay me.

do a google search for "penny stocks" id say 60% of the top results at all times are my designs. and i can tell you it is the same few guys running the show.

if you think you are going to come in and make bank you will be wiped out. but it is good place to start picking up small bits of info. but just be careful and dont put the entire farm into it.

faxxaff · 12-29-2009, 02:30 PM

Most Pennystocks increase value by a method called 'pump and dump'. Some smart ass guys buy a shell company listed on Pinksheets. They start publishing news every day about management changes, letters of intent from potential partners, patent applications. There are tons of Pennystock sites who multiply their news. As a result prices move up and then it makes 'BANG' and the trade is halted by the SEC. If you got in early and took profits after a couple of days you made a nice cut. If not - at that moment all your investment goes down to zero. 90% of Pennystocks end up this way.

Smart and fast traders make lots of money with them, but you should never risk more than lets say 1% of your investment account.

Be aware of some pitfalls:
- spreads: Pennystocks have bigger spreads between bid and ask ... so your stock will need to move higher 20% or 30% just to bridge the difference between your buy and sell price.
- fees: some brokers charge very high fees for penny stocks.
- margin: penny stocks are usually not marginable. They will draw down your daytrading buying power by the factor 4.

Good luck.

PS: why not buy options on C - Citibank. They are pretty cheap these days and upside potential for this 3.35 stock are possible.

TisMe · 12-29-2009, 03:08 PM

If you're talking real penny stocks, as in Pink Sheets, then you need to look at market makers and liquidity. How many on the bid and for how much? That is where you'll have to sell and if there's only one firm there they may go away as soon as you try to sell.

Look at past and present volume and spread as well.

billywatson · 12-29-2009, 06:02 PM

In order to work it, you gotta know the stocks you buy are liquid so you can sell them when it's time.

MaDalton · 12-29-2009, 06:09 PM

Quote:

Originally Posted by EscortBiz

if you want a cheap stock that long term will be good buy some citi

Quote:

Originally Posted by faxxaff

PS: why not buy options on C - Citibank. They are pretty cheap these days and upside potential for this 3.35 stock are possible.

i had a look into Citigroup and must say that this definitely seems to make sense. thanks for the tip!

HandballJim · 12-29-2009, 06:19 PM

success no...but purchased some IDOI, trades on the otcbb...might be a play since it is involved in scanning technology for airports.

I recently watched VKNG Viking Systems go from .01 - 1.10 in only a month...so money can be made.

I also agree with Citigroup long term and since it is under $5 it would be a penny stock to many...but I consider penny stocks that are under a buck.

SomeCreep · 12-29-2009, 07:07 PM

Rather than investing in penny stocks, I'd recommend playing Roulette in Vegas. It's more fun and your money will last longer.

qwe · 12-29-2009, 09:12 PM

Quote:

Originally Posted by HandballJim

success no...but purchased some IDOI, trades on the otcbb...might be a play since it is involved in scanning technology for airports.

I recently watched VKNG Viking Systems go from .01 - 1.10 in only a month...so money can be made.

I also agree with Citigroup long term and since it is under $5 it would be a penny stock to many...but I consider penny stocks that are under a buck.

if it's under $5 doesn't mean it's a good buy... with that mentality you can loose alot of money

EscortBiz · 12-29-2009, 09:21 PM

Quote:

Originally Posted by qwe

if it's under $5 doesn't mean it's a good buy... with that mentality you can loose alot of money

well between cockandballs.pk.ob.bs or C he has a better chance of winning some with C

C is a bank and given how the gov. is making it clear that banks get bailed out non stop its only a matter of time before C starts reporting some BS profit and it slowly goes up

could I be wrong hell yeah, but C is safer then a pump and dump pink sheet penny stock

POed-poster · 12-29-2009, 09:34 PM

Quote:

Originally Posted by BillyHoe

yes, and yes. The key is to watch the market like a hawk, and you need to research the companies you're buying in. Takes alot of time, but sometimes the return is worth it. I had a friend turn roughly 500$ into just over 100k in a span of 12 or 18 months. I haven't had that much success but I usually double what I invest.
However I haven't played in the market since 2008 when all the shit hit the fan, so might be different now.

They are too risky and the lack of volume makes them harder to dump. I would never hold any positions over night anyway and they are are far too unpredictable to day trade, mainly because there isn't enough volume. You can only day trade with significant volume because the charts are more reliable.

fsckr · 12-29-2009, 10:14 PM

Penny stocks are good just remember to work with stocks that have over 100k shares traded daily, any less and you are going to be stuck with your penus in hand.

For a broker I strongly suggest ThinkOrSwim, they have a great trading platform, awesome education, nice margin (I'm @ 4x for most stocks) oh and $4.99 commissions : )

If you are like me, you'll start with penny stocks and graduate to options & futures (maybe even forex) and learn a whole lot.
~
fsckr

POed-poster · 12-29-2009, 10:20 PM

Quote:

Originally Posted by fsckr

Penny stocks are good just remember to work with stocks that have over 100k shares traded daily, any less and you are going to be stuck with your penus in hand.

For a broker I strongly suggest ThinkOrSwim, they have a great trading platform, awesome education, nice margin (I'm @ 4x for most stocks) oh and $4.99 commissions : )

If you are like me, you'll start with penny stocks and graduate to options & futures (maybe even forex) and learn a whole lot.
~
fsckr

Do they have level II access?

HandballJim · 12-30-2009, 09:32 AM

following this one this morning IMSC.OB up 350% today also involved in bomd screening for airports.

MaDalton · 12-30-2009, 09:40 AM

Quote:

Originally Posted by HandballJim

following this one this morning IMSC.OB up 350% today also involved in bomd screening for airports.

fuck, yeah, seeing that one. i wish i could see in the future

OMG Jim · 12-30-2009, 10:58 AM

Stefan....

Please don't waste your time

As someone previously said the chances of finding a penny stock that will make you a lot of money are about the same as winning the lottery.

My son and I have been in the U.S. stock market since May 2009. We jumped in with virtually no real trading experience and have focused mainly on smallcaps, PK's and OTC stocks.

Remember this is trading we are talking about.... not investing. BIG difference. I have my long term money INVESTED.. my stock money is my speculative money.. almost like my gambling money when I go to Vegas.

With that said here is the best advice I can give you from experience...

Stay totally away from the PK's as these are mainly pump and dump stocks and the fees suck.

Stick with the OTC and Small Caps and ALWAYS put a 5% to 8% stop on EVERYTHING

Also I would recommend keeping a close eye on China and Brazil for some real opportunities.
_

12-29-2009, 10:47 AM	#1
MaDalton I am Amazing Content! Industry Role: Join Date: Feb 2004 Posts: 39,828	Pennystocks... anyone ever tried that? with success? __________________ AmazingContent.com - providing only the best content and service since 2003 Monetize your content on Veegaz.com - one of Germanies largest VOD sites Got German traffic? We convert it into money for you! Skype: madalton02826 - Email: oltecconsult [at] gmail [dot] com

12-29-2009, 11:18 AM	#2
BillyHoe Confirmed User Industry Role: Join Date: Mar 2003 Location: Vaudreuil/Montreal Posts: 2,214	yes, and yes. The key is to watch the market like a hawk, and you need to research the companies you're buying in. Takes alot of time, but sometimes the return is worth it. I had a friend turn roughly 500$ into just over 100k in a span of 12 or 18 months. I haven't had that much success but I usually double what I invest. However I haven't played in the market since 2008 when all the shit hit the fan, so might be different now. __________________ True Amateur Sites!! ICQ:124399549

12-29-2009, 11:26 AM	#5
Bossman Confirmed User Join Date: Jun 2006 Location: EU Posts: 1,263	http://www.timothysykes.com/ __________________ Live Sex Buying membership sites E-mail: support AT epcrew.com

12-29-2009, 11:29 AM	#7
MaDalton I am Amazing Content! Industry Role: Join Date: Feb 2004 Posts: 39,828	i just stumbled across a site and that reminded me of a game we played at university where everyone had 4 weeks to make as much profit as possible from the stock market with a starting capital of 10,000. we all busted our asses and made maybe 10 or 15% plus and one guy won by buying only stocks from one company which went from 1 cent to 2 cents. let's say i wanted to look into that - what would be a good site where i can buy them? __________________ AmazingContent.com - providing only the best content and service since 2003 Monetize your content on Veegaz.com - one of Germanies largest VOD sites Got German traffic? We convert it into money for you! Skype: madalton02826 - Email: oltecconsult [at] gmail [dot] com

12-29-2009, 11:58 AM	#9
redundant Confirmed User Join Date: Aug 2007 Posts: 39	Any of the online broker houses should be able to do it: eTrade.com TDAmeriTrade.com Scottrade.com __________________ ICQ: 476-931-305

12-29-2009, 11:24 AM	#4
L-Pink working on my tan Industry Role: Join Date: Mar 2005 Location: Florida/Kentucky Posts: 39,151	You had me until "with success" .

12-29-2009, 12:07 PM	#10
CIVMatt Amateur Pimpin Industry Role: Join Date: Aug 2004 Location: Orlando, FL Posts: 13,075	What everyone said... you have to have the time and really watch. Haven't done it in a couple years but it's fun. Making a zillion dollars is hard but making a nice decent profit is not. __________________ Make easy money with Webcams

12-29-2009, 12:57 PM	#14
candyflip Carpe Visio Industry Role: Join Date: Jul 2002 Location: New York Posts: 43,062	They advertise this site on a radio show I listen to all the time. Might be worth checking out. http://pennystockchaser.com/ __________________ Spend you some brain. Email Me

12-29-2009, 01:06 PM	#16
qwe Confirmed User Join Date: Jul 2003 Posts: 2,109	I love gfy discussion about stocks where people don't know wtf they're talking about lol...

12-29-2009, 01:23 PM	#18
MaDalton I am Amazing Content! Industry Role: Join Date: Feb 2004 Posts: 39,828	i admit i don't know anything about this, that's why i ask __________________ AmazingContent.com - providing only the best content and service since 2003 Monetize your content on Veegaz.com - one of Germanies largest VOD sites Got German traffic? We convert it into money for you! Skype: madalton02826 - Email: oltecconsult [at] gmail [dot] com

12-29-2009, 01:34 PM	#19
MetaMan I AM WEB 2.0 Industry Role: Join Date: Jan 2003 Posts: 28,682	i would tell you how it works but you would have to pay me. do a google search for "penny stocks" id say 60% of the top results at all times are my designs. and i can tell you it is the same few guys running the show. if you think you are going to come in and make bank you will be wiped out. but it is good place to start picking up small bits of info. but just be careful and dont put the entire farm into it. Last edited by MetaMan; 12-29-2009 at 01:35 PM..

12-29-2009, 02:30 PM	#20
faxxaff Confirmed User Industry Role: Join Date: Dec 2002 Location: Marina Hemingway Posts: 2,134	Most Pennystocks increase value by a method called 'pump and dump'. Some smart ass guys buy a shell company listed on Pinksheets. They start publishing news every day about management changes, letters of intent from potential partners, patent applications. There are tons of Pennystock sites who multiply their news. As a result prices move up and then it makes 'BANG' and the trade is halted by the SEC. If you got in early and took profits after a couple of days you made a nice cut. If not - at that moment all your investment goes down to zero. 90% of Pennystocks end up this way. Smart and fast traders make lots of money with them, but you should never risk more than lets say 1% of your investment account. Be aware of some pitfalls: - spreads: Pennystocks have bigger spreads between bid and ask ... so your stock will need to move higher 20% or 30% just to bridge the difference between your buy and sell price. - fees: some brokers charge very high fees for penny stocks. - margin: penny stocks are usually not marginable. They will draw down your daytrading buying power by the factor 4. Good luck. PS: why not buy options on C - Citibank. They are pretty cheap these days and upside potential for this 3.35 stock are possible. __________________ Asian Babes Last edited by faxxaff; 12-29-2009 at 02:32 PM..

12-29-2009, 03:08 PM	#21
TisMe Confirmed User Join Date: Aug 2008 Posts: 1,719	If you're talking real penny stocks, as in Pink Sheets, then you need to look at market makers and liquidity. How many on the bid and for how much? That is where you'll have to sell and if there's only one firm there they may go away as soon as you try to sell. Look at past and present volume and spread as well.

12-29-2009, 06:02 PM	#22
billywatson Confirmed User Industry Role: Join Date: Aug 2002 Location: The Valley o' Smut. Posts: 3,281	In order to work it, you gotta know the stocks you buy are liquid so you can sell them when it's time. __________________ We're Fabulous! PROTECT YOUR CONTENT on Twitter I Shoot Porn.

12-29-2009, 06:19 PM	#24
HandballJim Confirmed User Industry Role: Join Date: Sep 2008 Location: NYC Posts: 4,024	success no...but purchased some IDOI, trades on the otcbb...might be a play since it is involved in scanning technology for airports. I recently watched VKNG Viking Systems go from .01 - 1.10 in only a month...so money can be made. I also agree with Citigroup long term and since it is under $5 it would be a penny stock to many...but I consider penny stocks that are under a buck. __________________ HOW I MAKE LOTS OF $$$

12-29-2009, 07:07 PM	#25
SomeCreep :glugglug Join Date: Mar 2003 Location: Where the Wild Things Are Posts: 26,118	Rather than investing in penny stocks, I'd recommend playing Roulette in Vegas. It's more fun and your money will last longer. __________________ Webair Hosting I use and recommend Webair for hosting.

12-29-2009, 10:14 PM	#29
fsckr Registered User Join Date: Apr 2007 Posts: 43	Nice way to burn time/cash Penny stocks are good just remember to work with stocks that have over 100k shares traded daily, any less and you are going to be stuck with your penus in hand. For a broker I strongly suggest ThinkOrSwim, they have a great trading platform, awesome education, nice margin (I'm @ 4x for most stocks) oh and $4.99 commissions : ) If you are like me, you'll start with penny stocks and graduate to options & futures (maybe even forex) and learn a whole lot. ~ fsckr

12-30-2009, 09:32 AM	#31
HandballJim Confirmed User Industry Role: Join Date: Sep 2008 Location: NYC Posts: 4,024	following this one this morning IMSC.OB up 350% today also involved in bomd screening for airports. __________________ HOW I MAKE LOTS OF $$$

12-30-2009, 10:58 AM	#33
OMG Jim Confirmed User Industry Role: Join Date: Oct 2005 Location: Atlanta Posts: 3,153	Stefan.... Please don't waste your time As someone previously said the chances of finding a penny stock that will make you a lot of money are about the same as winning the lottery. My son and I have been in the U.S. stock market since May 2009. We jumped in with virtually no real trading experience and have focused mainly on smallcaps, PK's and OTC stocks. Remember this is trading we are talking about.... not investing. BIG difference. I have my long term money INVESTED.. my stock money is my speculative money.. almost like my gambling money when I go to Vegas. With that said here is the best advice I can give you from experience... Stay totally away from the PK's as these are mainly pump and dump stocks and the fees suck. Stick with the OTC and Small Caps and ALWAYS put a 5% to 8% stop on EVERYTHING Also I would recommend keeping a close eye on China and Brazil for some real opportunities. _ __________________ ICQ: 254 914 537 - Skype: AlmightyJim