SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : TRANSWORLD OIL & GAS (TWOG.PK)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: guanxi2005 who wrote (373)7/11/2006 4:51:32 AM
From: shortsinthesand  Read Replies (1) of 437
 
guanxi2005... I am not trying to give you any advise... However my theory works very well.

RE:Don't understand your idea of putting $500 into 32 different stocks? That's not much of a position in anything, and then there's all the 32 different transaction fees to do that, and the cost per share fees.

First I totally agree with you that most if not ALL non reporting companies are scams. However even scams can go up and down in price.

TWOG is a prime example. When it was akol the first time I bought it I bought 20.000 shares at 1.5 cents and sold it two days later at 3.5 cents so my 300 dollars quickly turned into 750 dollars.

The second time I bought back in the 2's and sold in the 3,s However on the third time I gave back my profits and came out even. Learned my lesson and moved on.

With these sub penny stocks you can easily put in 4 or 500 dollars and double or triple your money.

Playing with these is highly risky and the only way to make out IMHO is to be very diversified.

I was in the retail business all my life and its the same thing.

In order to be successful you had to have 100's of items to offer to the Public to sell to turn over enough goods to make a profit. It use to drive me nuts some times when I had over 100k of inventory sitting on the shelves. Somehow though I manged to turn enough goods so at the end of each selling season by being very diversified.

I still had losers items that I would sell at a lose because I new I could put that money back into the hot items.

The same thing applies to stock trading. In order to be successful you have to be very diversified so you can get rid of the dogs as others make profit.

It ain't easy making money in the market and pennies should only be a very Small amount of your portfolio.

I feel for your lose and anger but your not the first person to get burned nor the last. You might get satisfaction with your turning the company in but it won't get your money back.

I wish you good luck,


shorts
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News