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Penny Stocks -- How long do you all keep them?
Posted on 12/18/13 at 7:17 am
Posted on 12/18/13 at 7:17 am
I have a nominal amount of money in penny stocks and they are up like 50%, should I just sell them or hold them for that 1000% gain/revert to 0?
3
Posted on 12/18/13 at 7:22 am to reb13
Penny stocks, really?
Posted on 12/18/13 at 7:38 am to reb13
I buy whenever the email tells me to. Oddly, I never get a "sell" recommendation email so I still have them all. 
Posted on 12/18/13 at 7:39 am to reb13
quote:
How long do you all keep them?
I would have to buy them for that
If you are up 50% I would sell asap
Posted on 12/18/13 at 7:55 am to yellowfin
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 on 12/18/13 at 8:42 am to reb13
We never get on, so we don't have to get off
Posted on 12/18/13 at 8:45 am to Broke
Buy before the pump and dump, sell in the middle of the pump and dump. If you guess wrong, you will own worthless stocks a very long time.
having said that, there are penny stocks that are decent. I own CAK and PAL. Reading a balance sheet is helpful in this endeavor.
having said that, there are penny stocks that are decent. I own CAK and PAL. Reading a balance sheet is helpful in this endeavor.
Posted on 12/18/13 at 9:35 am to Iowa Golfer
quote:
there are penny stocks that are decent. I own CAK and PAL. Reading a balance sheet is helpful in this endeavor.
I agree stocks that receive little to no coverage may have something to them but here insider influence is also stronger. Insiders aren't always right of course, but just something to keep in mind.
Understanding the financial statements is important but it's probably still only a first step.
Posted on 12/18/13 at 10:13 am to reb13
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
Posted on 12/18/13 at 12:10 pm to Ace Midnight
ACTC (penny stock, stem cells) is about to do a reverse split so it can get on the Nasdaq. No the reverse isn't bc the company is failing. It's bc it has 3 billion shares. They are about to enter phase 2 trials for macular degeneration, a multibillion dollar worldwide market.
The OTC market is unregulated and very easy to manipulate. Getting on the Nasdaq will help the company a lot.
The OTC market is unregulated and very easy to manipulate. Getting on the Nasdaq will help the company a lot.
This post was edited on 12/18/13 at 12:12 pm
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