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Pastimes : Georgia Bard's Corner
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To: Ga Bard who wrote (8629)1/17/2000 12:14:00 AM
From: Loren S.  Read Replies (2) of 9440
 
If an investor is wise they can really make so much money in penny stocks. And you don't have to trade them when they're already running to make money. Up till now I've tried to find out of favor, quality pennies with low outstanding/floats trading near their all-time lows and then just wait for their time to come. In time many of them pan out for big gains. Another approach I haven't really tried is to buy the junk pennies pennies trading at $.05 or less when they are out of favor and just wait for their time to come. Sooner or later these stocks will be pumped and dumped. If you timed them right you could make 10 to 20 times your original investment. I've watched a whole bunch of pennies trade up and down, up and down over the years. ADGI, ARET, CHES, NPEC, MVEE are just a few of many that I've just watched over the years. MVEE went from $.003 to $.025 just in the past few weeks. I looked at it at $.003 but just couldn't get myself to buy a stock with several hundred million shares outstanding even though I knew it was a good bet to make a big run...which it did. In time if I ever make it really big I'll implement my plan just to buy a whole bunch of these junk stocks near what I consider their lows and just wait them out.
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