2007-04-28 10:29:33 · 5 answers · asked by Anonymous in Business & Finance ➔ Investing
I'm making great money on CPNLQ, and I'd greatly appreciate it if you would buy some and run the price up even more so I could sell it and get my money back.
2007-04-28 13:06:50 · answer #1 · answered by Anonymous · 1⤊ 0⤋
I made 100% on Greenman Technologies, and 200% on Jacobson Resonance Enterprises and several other penny stocks last year. But overall I lost more money than I made. I lost 100% on IBIZ Tech, and nearly 90% on Silicon Graphics. Of course, in both of these stocks, I lost money because I didn't follow my rules.
Trading penny stocks is a lot different than trading "normal" stocks, because many of the trading rules that you learned do not work with penny stocks. For example, most investors/traders say you should invest your money in one or two stocks and watch them closely. If you do that with penny stocks, you could easily lose all your money in a short time, because penny stocks can fall very fast and there's no liquidity. So, you need some different strategy here.
If you have a method for selecting winner penny stocks that will perform very well, then collect 10-20 of these potential winners and buy all of them. That way your risk is spread, and if one of those stocks doesn't do what you expect, you're still in the game. Putting lots of money in a single penny stock is a dangerous thing. Only invest as much as you're willing to lose.
I've found that technical analysis works for penny stocks the same way it works for any other stock. Penny stocks can jump up several 100% in a matter of days. Like earthquakes, these jumps are often preceded by subtle tremors that indicate that something is about to happen. To detect these small changes in price and volume, you have to study the charts very carefully...
2007-04-28 22:35:31 · answer #2 · answered by frozen555 5 · 0⤊ 0⤋
Most people don't. If you get an email about a penny stock, it's part of a "pump and dump" scheme. They buy it first, send out lots of emails, and when the price goes up a little, they're the first ones out and you're stuck with it. I'd stick with standard stocks that pay a dividend: that way, you make money just by buying it and holding on, not buying and selling.
2007-04-28 18:24:52 · answer #3 · answered by Katherine W 7 · 1⤊ 0⤋
Yes it's best to use your speculative cash on it most portfolios have very little Penny Stocks in them
2007-04-28 23:30:18 · answer #4 · answered by Charles M 1 · 0⤊ 0⤋
penny lovers read it and start bawling like little chumps.
http://www.pinksheets.com/about/pr_041207b.jsp
and pgc since you love pk stocks ending with Q how much money did you make with DARLQ.PK?
2007-04-29 01:05:48 · answer #5 · answered by Anonymous · 0⤊ 0⤋