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. :thumbsup:thumbsup:thumbsup

Sell asap

Just had a look - Then had a look at the BBC headlines - Looked back and it had dropped 2 cents....

ORFG could blow up any day now!

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....

what he said

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.

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

Google "Pump and Dump":2 cents:

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

buy http://stockcharts.com/h-sc/ui?s=URB...d=p43964040472

what he said :winkwink:

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 :-)

You think it's going back up?

I like this stock "IMSC"
http://finance.yahoo.com/q?s=IMSC.PK

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. :2 cents:

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.

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?

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.
.

yeah, someone made 100 percent ROI in a day and you call him idiot. :error:helpme

i just checked it and its real pump and dump. there was email promotion behind raise of this stock

http://investing.businessweek.com/re...ticker=JAMN:US

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

http://img641.imageshack.us/img641/5944/picture5bfm.png

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

I wonder what P T Barnum would say ...

.

Thank you :)

I think he's referring to you plan to get back in on Monday vs taking the money and running. :2 cents:

.

Enjoy the profit!

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

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.

put it all on red!

:1orglaugh:1orglaugh Thanks for clarifying :thumbsup

aapt has me interested

Last trade 0.070

Last trade $0.050

:1orglaugh:1orglaugh:1orglaugh

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.

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.

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.

Last Sale: $ 0.051
http://www.nasdaq.com/symbol/tegy

There's 2 types people involved in penny stocks...idiots and scammers.

and suckers:winkwink:

Is there something like Oanda for penny stocks?

forget penny stocks, a monkey could have made money in the market the last 3 months. :1orglaugh

http://www.monkey-poop.com/wp-conten...uter-money.jpg
Ya, crazy isn't it:thumbsup

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...

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?

you made money off this?

http://content.screencast.com/users/...07-30_1755.png

:1orglaugh:1orglaugh

next time read my picks correctly and dont post some bullshit here. bye :1orglaugh