Anyone trade penny stocks in here?

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  • eddie-executive
    Confirmed User
    • Apr 2003
    • 2061

    #1

    Anyone trade penny stocks in here?

    Thinking of getting into it myself. I found 2 companies that I really want to invest in that have amazing products.
    Jealousy... is a mental cancer. ~B.C. Forbes
  • darnit
    Confirmed User
    • Jul 2001
    • 2439

    #2
    I tried my luck as a daytrader for a while (specifically penny stocks) but found that they were amazingly hard to time. I would honestly stay away from them however like anything your milage may vary.

    I would however recommend that you use an online broker that is fast as hell as the time delay with slower brokerages will kill you on the trending....

    Good luck!

    Comment

    • hershie
      Confirmed User
      • Jun 2002
      • 4642

      #3
      Here are 3 sites to use that are excellent for researching small cap stocks:
      www.stockhouse.com
      www.smallcapcenter.com
      www.ragingbull.com

      I have worked with hundreds of penny stock companies in promoting them over the Internet...and, especially the ones trading on the OTCBB, its become such a speculative gamble that I won't even roll the dice despite knowing a lot of them very well.

      Comment

      • billywatson
        Confirmed User
        • Aug 2002
        • 3281

        #4
        I used to work for Stuart-James, then Chelsea Street Securites...both notorious penny dealers...dude, it's almost all a sham. I hate to break the nes to you, but I met CEO's, did all the due-dillegence you could ever imagine...and in the end, 1 outta 100 are legit, no matter what the red herring/prospectus/"news releases" from the companies say...

        Good luck.

        I Shoot Porn.

        Comment

        • hershie
          Confirmed User
          • Jun 2002
          • 4642

          #5
          Originally posted by billywatson
          I used to work for Stuart-James, then Chelsea Street Securites...both notorious penny dealers...dude, it's almost all a sham. I hate to break the nes to you, but I met CEO's, did all the due-dillegence you could ever imagine...and in the end, 1 outta 100 are legit, no matter what the red herring/prospectus/"news releases" from the companies say...

          Good luck.
          That was funny to put news releases in " ". I live in Vancouver, which employs more investor relations consultants than any other city on the planet. Its amazing how they get away with the press releases they put out.

          Comment

          • Shaze
            Confirmed User
            • Oct 2003
            • 2662

            #6
            i just purchase LOOK and ASKJ options two weeks ago..they aren't penny stocks though...i'm up alot though
            Adult Search Engine Japanese Porn Thai Porn

            Comment

            • jennycards
              Confirmed User
              • Feb 2002
              • 1124

              #7
              Some of the stocks I bought during the Y2k craze BECAME penny stocks ... I recently sold the remaining three positions and paid more fees than the "value" of the stocks.
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              • eddie-executive
                Confirmed User
                • Apr 2003
                • 2061

                #8
                here's the one i'm looking at

                symbol-hgci

                http://www.icurie-lab.com/html/r-d-mcs4.htm

                I think this is a hot product! Cut energy usage on air conditioners by 70%!?
                Jealousy... is a mental cancer. ~B.C. Forbes

                Comment

                • hershie
                  Confirmed User
                  • Jun 2002
                  • 4642

                  #9
                  Originally posted by eddie-executive
                  here's the one i'm looking at

                  symbol-hgci

                  http://www.icurie-lab.com/html/r-d-mcs4.htm

                  I think this is a hot product! Cut energy usage on air conditioners by 70%!?
                  Just remember when looking closer that many small cap companies employ investor relations shills to pump positive/ficticious info. on message boards so don't believe what you read.

                  Comment

                  • ace0r
                    Confirmed User
                    • Feb 2001
                    • 1410

                    #10
                    dxnl.pk

                    Comment

                    • Trax
                      [----------------------]
                      • Aug 2001
                      • 14486

                      #11
                      Originally posted by eddie-executive
                      here's the one i'm looking at

                      symbol-hgci

                      http://www.icurie-lab.com/html/r-d-mcs4.htm

                      I think this is a hot product! Cut energy usage on air conditioners by 70%!?

                      they could at least use a HTMl titel on their pages
                      also the information given lol
                      how many words is that
                      20?

                      no thanks

                      Comment

                      • sexsup
                        Confirmed User
                        • Feb 2004
                        • 3004

                        #12
                        Penny stocks are really too much risky, if you want a suggestion take a look to Forex market, there you can make a solid income

                        Comment

                        • KRL
                          Entrepreneur
                          • Oct 2002
                          • 31429

                          #13
                          Be careful, very careful. These stocks can be easily manipulated. Day traders will run them up, suck in the afternoon buyers and then short it and you'll get nailed.
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