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Subject: "The key with penny stocks is still due diligence " Previous topic | Next topic
Cold Truth
Member since Jan 28th 2004
45028 posts
Wed Apr-23-14 03:29 PM

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3. "The key with penny stocks is still due diligence "
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If you're on some pump and dump shit, you get what you deserve as part of that game.

Otherwise, Buffett's advice is still the best: Invest in companies, not stocks.

I've got a few small irons in a few small fires as an addition to my savings, and one particular long position has tremendous potential if it ever stabilizes, as the tech they're bringing to their particular industry is a legit game changer. At one point I was up about $300, which was perfect for my strategy because I'm really just trying to beef up our savings a little. It had a massive 5 day run before the crash and burn, leaving me down by about $150.

It's been a great learning experience because I've been able to ride out the volatility to see where, when how, and why to work the system because with the 4 stocks I've invested in over the last year, 2 have experienced massive spikes and it took everything in me not to sell on those days.

In the future, I'll sell a fair amount on those days in anticipation of a massive drop, and reinvest. If you're dilligent in learning day trading principles, you can apply a lot of that to companies you're going long with to maxmize potential earnings. Just know you might get got a few times a long the way.

Basically, there's nothing to be mad about unless you bet your mortgage money, but that would mean you've got a host of other, more pressing problems at hand.

-Sig-

“Why didn’t you do this in your own god damn country?"

-All Stah's view on undocumented immigrants wanting to be treated like human beings.

  

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SQNM: Should I Be Mad? [View all] , deejboram, Tue Jul-01-14 11:30 AM
 
Subject Author Message Date ID
penny stocks can be a nice low risk gamble
Apr 23rd 2014
1
U supposed to take the money, take the ho... you take the ho
Apr 23rd 2014
2
You can do that, but a little savvy goes a long way in pink sheets
Apr 23rd 2014
4
      I aint be got no weapon! Why u be gotta pull a knife on me?!!?
Apr 24th 2014
6
Im heavily entrenched in biotech and pharma
Apr 24th 2014
5
the girl is doin her thang!
Jun 07th 2014
7
Keep an eye on these jokers.
Jun 07th 2014
8
Up 14% since I told yall about them
Jul 01st 2014
11
      Jan 14---$45 Jul 14---$70
Aug 07th 2014
12
           came and went. $47. gas is dead
Oct 07th 2014
13
                Gotta know when to fold'em in O&G
Oct 07th 2014
14
                     all them shits is TUMBLING
Oct 16th 2014
15
*looks at doge coin wistfully*
Jun 07th 2014
9
Stars aligned...
Jul 01st 2014
10
O+G stocks getting HAMMERED
Oct 27th 2014
16
check: HK, SFY, SFLRG
Dec 18th 2014
17
Let's revisit this again
Apr 22nd 2015
18

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