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Started By
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penny stock question
Posted on 1/3/11 at 1:54 pm
Posted on 1/3/11 at 1:54 pm
I recently subscribed to free emails from awesomepennystock.com. I have noticed a trend that might pay huge. The first stock they emailed me was gryo.pk it tripled in just a few days after the email. Then it crashed. The next symbol they sent me was cpow.pk. It soared as well now it is crashing. Does anyone here have experience with awesomepennystock.com? Do all the stocks they recommend soar then crash? If this is the case then serious money could be made on this trend.
6
Posted on 1/3/11 at 1:59 pm to mtsu
quote:
If this is the case then serious money could be made on this trend.
I think you should roll with it for a quarter and let us know just how profitable you are.
If it works, some people here are gonna be pissed that they take all this time actually analyzing companies and their future earning potential, when they could have just ordered this subscription.
Posted on 1/3/11 at 2:21 pm to mtsu
quote:
Do all the stocks they recommend soar then crash? If this is the case then serious money could be made on this trend.
It's a self fulfilling prophecy. The stocks soar because the newsletter suggests them. Everyone rushes to get into the stock, sucking all the liquidity out of the market (which is probably provided by the person writing the newsletter) and then when people go to take profits, they suck the liquidity out of the market the other way and the thing crashes.
It could be a good way to make some cash, but it's the equivalent of picking up nickels in front of a steam roller. Left tail risk can be deadly.
Posted on 1/3/11 at 2:32 pm to mtsu
Google "pump and dump."
Posted on 1/3/11 at 2:35 pm to mtsu
Learn from my mistakes.
I made an obscene amount of money in college playing penny stocks and then lost most of it.
Took a serious toll on my mental health.
I would not suggest it.
I made an obscene amount of money in college playing penny stocks and then lost most of it.
Took a serious toll on my mental health.
I would not suggest it.
Posted on 1/3/11 at 2:44 pm to LSURussian
quote:
Google "pump and dump."
Bingo.
Posted on 1/3/11 at 2:47 pm to TheHiddenFlask
Those people writing the newsletters are probably making a fortune off all of their readers.
Posted on 1/3/11 at 8:49 pm to mtsu
I did it about 10 years ago. I had some extra cash and got a fax about some penny stocks. I thought what the hell, threw $600 at it and it is worth about $11 now. Jokes on me. I don't recommend it unless you are the one sending the faxes.
Posted on 1/4/11 at 9:20 am to mtsu
It's called day trading.
get in on the IO, watch the ticker and sell as soon as you are in the money.
get in on the IO, watch the ticker and sell as soon as you are in the money.
Posted on 1/4/11 at 9:35 am to windriver
quote:
It's called day trading.
get in on the IO, watch the ticker and sell as soon as you are in the money.
No. It's called gambling. Good luck trying to sell when there is zero volume.
Posted on 1/4/11 at 9:49 am to I Love Bama
quote:
Good luck trying to sell when there is zero volume.
This.
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