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Strategies & Market Trends : Z Best Place to Talk Stocks
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To: Susan Saline who wrote (22715)3/26/2000 9:46:00 AM
From: Susan Saline  Read Replies (3) of 53068
 
penny criteria ...

first off ... any stock below 5 dollars is a BIG risk stock

much more than any 'blue' ... a blue ... at the most will just be 'dead' money for a while

where as a penny stock can go bk, in the blink of an eye ... buh bye ... fun tickets disappear

I have made incredibly good gains and great losses from penny stocks, but now have several self inflicted 'rules' before I buy now that I have leaned the p & der's pattern of running them up

momo ..... has it had momo in the past .... at least twice, preferably?

has the stock come back down from the previous p & d ... back to support level before run-up, and has the chart gone flat?

is volume always over 100,000? when not in run mode?

does the company have at least one good idea?

no bullitan board stocks ... NAZ and NYSE only

what is the expected length of time to hold the stock ... before the next momo gets into gear ..

these are a few of the things I look at for a penny stock hold

then ... it is just a matter of time ... before some 'guru' on dt's or SI .... finds a bit of early news and runs the little sucker up for me.

I don't have to pump them ... some 'guru' will do it for me.

I only have to sit on it and wait

My biggest problem with penny stock is selling them too early, as I often sell the very first day of the pump ... when there is often 2 or 3 more days left in them

penny's are not a day trading strategy for me ... it is a 'patient' strategy.

and this is never to be confused with 'investing'

this is just an extremely risk oriented way of making great percentage gains in relatively short periods of time
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