Penny stocks?
 

Hi GFY, I have a buddy that really want's me to invest in penny stocks. What's your experience with penny stocks? I hear a bell that rings scam long way...Please share your positive and negative experiences with penny stocks.

Regards,
Pomperipossa

If you want more pennies then invest with pennies.

I am in and out of a penny stock in the first 12 minutes of the day if i believe it will rise. After that good luck:2 cents:

https://www.youtube.com/watch?v=pjW8nTzKqeI

Here is a video of the guy i learned how to play the pump and dump game of pennystocks. You might only get 1 or 2 buys a week but its very profitable.

I have had good success with marijuana penny stocks in the past but it's not an easy game and you can lose money fast if you're not careful. If you don't have money to lose I would suggest doing long term investments.

http://i.imgur.com/RxWHrz5.png

Pretty much sums it up. They are all scams. Invest your money elsewhere or just take it to the casino and have some fun instead.

With penny stocks the price fluctuations are big, as the nominal price is quite low; you know, if you buy 2 cent stock and it changes as 1 cent stock, it just lost 50 % from its value. Same of course applies to another direction.

I suppose you mean stock exchanged stocks? If so, there is not that much actual scam risk, as there are requirements to get it listed in the first place. But the penny stocks are penny stocks for a reason, and I would say that they are usually very high risk investments due to the reasons why those are penny stocks and due to the high price changes in %.

As a part of your high risk portfolio, those penny stocks are just fine. Just don't put your all moneys to those.

No comment you take the moment and buy.. Trust your feeling

sounds like wolf of walstreet? :upsidedow

i cant a4d a penny... :(

The best investment is ALWAYS the one you know nothing about.

Have luck!

thanks for the suggestions
 

Thanks, I will take all your suggestions in-consideration and check which one works best for me.

Regards,
Pomperipossa

playing with penny stocks is like gambling, just buy AAPL since its going to $180

this one is running up lately THCZ

http://bigcharts.marketwatch.com/kaa...720&mocktick=1

They're designed to be a legal scam. You only make real money when you're on the inside and know what they're going to pump and dump next.

If you are asking about penny stocks, then I am assuming you do not know much about the stock market. If you insist on playing with stocks, I'd advise you to just directly buy shares in the companies making up the S&P. You'll then be doing the same thing many mutual funds do, but without the extra fees.

I tried investing in penny stocks 3 times. Lost every time.

VTG drilling (oil drillers) - heavy debt but was on its way to making a profit - then the price of oil dropped.

Private Media - I sold before it was de-listed, but I did lose. I decided to gamble and thought it would be cool to own a porn stock.

ICOP- I was hoping this company would be bought out. It was not, but I sold before it was de-listed.

During the recession in 2008 and 2009 there were some good companies that became penny stocks. I bought WNR for $6, got scared and sold it at a lose for $5. Now it is $50.

My best advise, Is to never, ever take my advise.

You don't really invest in penny stocks. You gamble with them.

Pick whatever takes your fancy. The guy who suggested the weed stocks is spot on. They lost a few billion last year, but every 20-something kid with a trust fund is getting in on the 'It's just a herb, man™' band wagon.

As so many people are talking about scams, gambling, etc. I would like to point few things.

Penny stocks are more prone to price manipulations due to the low nominal price and often also low trading volumes. But, it is good to separate the stock itself and "people playing" with it.

Unless the company behind the company is some sort of scam, penny stock itself is not a scam. You can just buy the penny stock, keep it, and let the others play the games they play. The effects of these "games" are not very long lasting. You don't have to, and it is advisable not to react to every tick the stock makes, unless you are day trading with very low margins.

Even if many people consider investing as some sort of a game, you don't have to. Although it is good to understand what the others do, but you don't have to duplicate every thing they do.

I almost forgot to say that use common sense. It might not be the best idea to buy the penny stock when it is again peaking due to some sort of price manipulation. I assume that you follow what happens in the company itself (and in its business environment), so you can reflect the price changes to what actually happens in the company.

Little typo correction: I meant the company behind the stock.

A friend of mine asked me to invest in one.

It was for a diet drug. I looked into it and looked up the company owners. This was their fifth rodeo. Red flag! They were sued when they cashed out of old companies at height of price and everyone else got screwed. Red flag!

I told my buddy about my findings. Told him to run and when to run. Basically he bought in at 10 cents a share with $10000 minus fees. But for sake of math we'll say he owned 100,000 shares.

It went up to 70 cents. He now had $70,000. I told him to sell $25000 minimum. But really he should sell $50,000. He didn't listen. Said, no way! It's projected to go to $1.80 or more!

The next day it opened and went to $1.25 for about 5 minutes. I told him to sell. At least sell half! No! It's going to keep going!

Whaaaam!

Owners cash out. Pumpers cash out... People like my buddy see the price plummeting, 90 cents, 80 cents, 45 cents, 10 cents in a matter of minutes. I tell him to sell!

No! It will rebound!

By days end it was .0007 per share.

He had $70.

He still wouldn't let it go. Week later .000015 per share and it's dropped, shuttered, bankrupted.

He lost all of his money.

So as somebody eluded to earlier... You have to be in with the pumpers and know when the dumps coming. Or just use common sense and look at my example.

Had he listened to me: $50,000 on first sale.
On second: $35,000 on early next day trade.

Up $75000 instead of left with nothing.

That is how most pyramid schemes spread. :)

Just do what other think and you gonna lose it for sure

Wolf of wallstreet

Pennies
 

I have 18,000 shares of that high quality stock Enron. Be glad to sell. Bought at 7 1/2 cents. Will sell for 20 cents each.

Just buy some Home Depot (HD) and tell him you already have your extra money invested:2 cents: