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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (20708)	2/20/2005 7:29:00 PM
From: Lazarus	Read Replies (3) \| Respond to of 78528

Paul - i have done very well with PENNY OIL... i purchased BSIC at .03 about 5 years ago and sold the last of it last year around 40 cents. obviously i should have held longer --- since it has added about a buck since then. i bought PYOL around 11 cents at the same time and dumped it for a penny or three in profit because it looked like they just didnt have their act together. well they obviously got it together because recently the stock went over 5 bucks and is now 4.25 X 4.30. another one i started buying at .18 was SPND which i added to as high as .55 and it also has gone over 5 bucks. im still holding SPND because their future looks bright. i like the idea that they bought a 46,000 sq. ft. commercial bldg and intend to have an 8,000 sq ft office. i cant imagine having an office that big and not planning on doing some serious business. the penny oil i made the most on though was BGOV - Big Giant Oil which was around 3 cents when i started watching it and 22 cents when i finally bought it. it was a go-no-where penny oil company so they abandoned the oil business did a reverse merger with another company ( Broadband Wireless ) and changed their ticker to BBAN and shot up over 13 dollars within a few months. i made 6 figures off that stock with a measly 10k shares --- oops NO make that 20k shares...lol i probably would not have made so much but after the stock had peaked over 13 bucks and was on its way down i discoved 10,000 shares [ in two different accounts ] that i FORGOT I EVEN PURCHASED!! [ i thought i only had 10k shares...lol] that was when the stock was about $8.65 -- so i didnt waste anytime -- I IMMEDIATLEY SOLD THEM ...lol. i cant help but to love penny oils... these and others have been very good to me. recently i have been picking up a few shares of MOAT in the 3 to 4 cent range. they dont really have anything going for them BUT -- i cant pass it up at these prices. they could - like PYOL did - eventually get their act together OR EVEN BETTER - THEY ARE A NICE CLEAN PUBLIC COMPANY - THEY COULD DECIDE TO SELL ASSETS AND CHANGE THE BUSINESS PLAN INTO THE LATEST FAD COMPANY -- SAY, NANOTECH OR STEM CELLS....lol GOSH I LOVE PENNY STOCKS!!!!! Lazarus