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re: Todays day trade

Posted on 9/12/13 at 3:09 pm to
Posted by rmc
Truth or Consequences
Member since Sep 2004
26549 posts
Posted on 9/12/13 at 3:09 pm to
I don't dabble in penny shares but I had someone get in my ear about exmcq, a greek shipping company that filed BK 2 months ago. Had a little cash sitting in my account and bought up 6300 shares yesterday @ .10. Up to .19 today. Probably gonna ride it up for a while and see if I can get close to 10x.
Posted by fishfighter
RIP
Member since Apr 2008
40026 posts
Posted on 9/18/13 at 9:46 am to
This is what I did for those 500 shares of Gold Corp. I sold 5 options for Jan/14 at a strike price of $27(in the money). Got paid $2.34 a share = $1,170. Also in that time period and if GG pays the monthly div of .05, I will gain another $125. Then also I will be paid the difference of what I paid for the stock which is another $470. Total + to $1765. Not bad of a return on $13000 for 5 months.


Forgot one thing. If the options drop real low from now to Next Jan, I will go in and buy options back and hope for a up swing. I done that a few times to make some easy money.
This post was edited on 9/18/13 at 9:58 am
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