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


To: Paul Senior who wrote (31040)5/23/2008 2:22:21 AM
From: Lazarus  Read Replies (1) | Respond to of 78758
 
SHLL is in very difficult market, but after reading over their last filing today I concluded that even though sales are down they appear to be cutting cost and they managed a slight profit. Still VERY risky, but I'm not averse to risk.

Take heart, the last time i bothered to do a count I had 84 stocks worth ZERO and they represented hundreds of thousands of dollars in lost paper profits. Of course most didnt have far to fall since they were penny stocks when I bought them. Fortunatley the winners keep me in the game.

I'm having a hard time finding good penny plays these days. I still like PPMD ( protidepharma.com ). My favorite penny gold stock is THMG ( thundermountaingold.com )

HNTM - formerly metioned here has been a HUGE winner. I bought shares of it when it was a shell and I cant even recall the former ticker. ANYWay - got shares as low as .015.

I'll take a look at some of these you have mention. Take care and prosper!

Lazarus



To: Paul Senior who wrote (31040)5/23/2008 11:56:58 AM
From: Jurgis Bekepuris  Read Replies (1) | Respond to of 78758
 
LTUS - The quarterly report was not that good, so the stock tanked. It has the lowest margins out of three Chinese pharma producers and distributors I own (AOB, CHME, LTUS). Income before unrealized currency translation gain is not impressive. As all Chinese pharma distributors, they have tremendous accounts receivable + inventory that compose pretty much all their equity. There was a reduction of some revenue from the third parties which can be viewed negatively (since its a reduction) or positively (since it's non core revenue and part of it was leasing parts of company property, which is now possibly used for core operations). Also cash flow was negative. On the other hand, this was Q1, which is seasonally weak for Chinese companies. I think LTUS has much brighter business prospects than most of the other stocks you mentioned. But there are risks definitely.



To: Paul Senior who wrote (31040)5/23/2008 12:39:12 PM
From: Lazarus  Respond to of 78758
 
Paul - just thought I would throw in this crazy story...

...about penny stocks and why I am so keen on speculating on them.

back in the dotcom days I bought shares of a penny oil stock that just couldnt manage to make money - but then again at the end of th 90's oil was pretty cheap.

Anyway, I buy 10k shares at 22 cents (so I thought) and the company divests itself of its oil assets, does a reverse merger and becomes a dotcome of sorts. Crazy market that it was they pumped that stock up to around 13 bucks but I sold 8k at around $8.50 and held on to 2k shares and watched it continue to rocket up to $13.00.

Then it turned and began to come back down. Well, one morning when I was looking over my accounts I found 7500 shares of the stock I purchased in a small cash trading account and 2500 shares in one of my IRAs ....THAT I FORGOT I HAD PURCHASED (@ .22 2 with the other shares) The stock just happened to be around $8.50 that morning so I unloaded those 10k shares and held onto the 2k shares for awhile longer. When the stock hit $7.37 I dumped the last 2k shares.

This all happend over the course of maybe 5 or 6 weeks.

Hope I didnt already tell this story here when babbling about penny stocks.