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re: Penny Stocks -- How long do you all keep them?

Posted on 12/18/13 at 7:55 am to
Posted by reb13
Member since May 2010
10905 posts
Posted on 12/18/13 at 7:55 am to
Penny stocks are not an investment vehicle, they are a gamble, I was just wondering if anyone had been able to get off the roller coaster at the top is all.
Posted by Broke
AKA Buttercup
Member since Sep 2006
65050 posts
Posted on 12/18/13 at 8:42 am to
We never get on, so we don't have to get off
Posted by Ace Midnight
Between sanity and madness
Member since Dec 2006
89613 posts
Posted on 12/18/13 at 10:13 am to
quote:

Penny stocks are not an investment vehicle, they are a gamble, I was just wondering if anyone had been able to get off the roller coaster at the top is all.


I made a good bit of money (relative to the investment) on INO this year - it was swinging back and forth, fairly reliably between 1 1/2 and 2 1/8. I'm happy to be long in the stock, for now, but I bought and sold at least 3 or 4 times, making $300 to $1200 each time - never more than $8k invested.
This post was edited on 12/18/13 at 10:14 am
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