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Pastimes : Georgia Bard's Corner
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To: Ga Bard who wrote (8656)1/22/2000 8:34:00 PM
From: Loren S.  Read Replies (1) of 9440
 
If you play the high volume "junk" pennies as I call them, you have no problem getting in and out because the volume is so exceptional especially if you are smart enough to sell into strength and not weakness. The lower volume stocks present more of a problem getting in and out from, but still I am thinking of returns here. While I personally wasn't in it, those who were fortunate enough to ride a stock like LGOV from $.04 to $3.70 got the greatest returns possible anywhere. Even the best option trader could never ever see a return like that. While that run was very rare even for penny stocks, I have seen a whole lot of stocks make 20 times their value. Personally I have hit DGIV from $.35 to $7.75, TNRG from $.02 to $.27, and USTI from $.06 to $.22. I'm still holding most of my original SYCD shares from an average buy of $.40 and I am hoping for $20 plus on this stock in the next two years. And who knows where my million shares of BAOA are going to take me? (Monday may be a good indicator). Of course I admit to having plenty of loser stocks along the way, but the gains from my winners have made up for my losers by many times.

My style is to try to time the bottom of stocks off the radar screens and just wait. It may take months, but in time these stocks usually come off their lows at some point. I load up on tens of thousands, hundreds of thousand, or millions of shares and if they hit, you can't match the returns anywhere. All of you guys are able to pick potential winners. I'll stand by my view that the best returns anywhere in the investment world are buying and selling large quantities of penny stocks.
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