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Old 04-14-2004, 10:35 PM   #1
eddie-executive
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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.
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Old 04-14-2004, 10:49 PM   #2
darnit
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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!
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Old 04-14-2004, 10:53 PM   #3
hershie
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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.
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Old 04-14-2004, 10:53 PM   #4
billywatson
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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.
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Old 04-14-2004, 11:02 PM   #5
hershie
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Quote:
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.
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Old 04-14-2004, 11:13 PM   #6
Shaze
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i just purchase LOOK and ASKJ options two weeks ago..they aren't penny stocks though...i'm up alot though
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Old 04-14-2004, 11:25 PM   #7
jennycards
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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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Old 04-14-2004, 11:27 PM   #8
eddie-executive
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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%!?
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Old 04-14-2004, 11:32 PM   #9
hershie
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Quote:
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.
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Old 04-14-2004, 11:32 PM   #10
ace0r
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dxnl.pk
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Old 04-14-2004, 11:36 PM   #11
Trax
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Quote:
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
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Old 04-15-2004, 01:39 AM   #12
sexsup
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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
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Old 04-15-2004, 01:42 AM   #13
KRL
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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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