Penny stocks...need advice

Oops. Didn't see the megathread below. Sorry about that.

Maybe so but I'm not investing an amount I'm not willing to risk losing. I'm talking about less than a $1,000 which I could easily lose in a few trips to Biloxi. I figure why not try day trading and maybe I'll find a unique penny stock opportunity.

P.S. Penny stocks do on rare occasions have huge payoffs. When Health South had their huge accounting scandal they were delisted and their stock dropped as low as $.09 a share. They hired a new CEO and got their books in order and the stocked climbed to nearly $10 a share. In other word, sound companies occasionally trade below a $1 and you can make a lot of money if you're smart in trading penny stocks.

There are good penny stocks. Very few are ever talked about on message boards like these. The other day I got tired of reading about marijuana stocks that had no assets, no income, and were obvious pump and dumps, so I mentioned a few penny stocks with actual fundamentals. There is still a ton of risk, but they have an actual chance. The responses are reveling. One went up .04, which represented a 50% increase, and poster were salivating on themselves. .04 on a .08 stock is a gamble. Buying this .08 stock, with due diligence, and holding it in the hopes that it becomes a $5 stock, hopes based on research, is an investment.

Chance to make major money if you risk major money, just need a small move in the stock to double your initial investment

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There are good penny stocks. Very few are ever talked about on message boards like these. The other day I got tired of reading about marijuana stocks that had no assets, no income, and were obvious pump and dumps, so I mentioned a few penny stocks with actual fundamentals. There is still a ton of risk, but they have an actual chance. The responses are reveling. One went up .04, which represented a 50% increase, and poster were salivating on themselves. .04 on a .08 stock is a gamble. Buying this .08 stock, with due diligence, and holding it in the hopes that it becomes a $5 stock, hopes based on research, is an investment.


I assume you are talking about AIVI? Any reason for the 50% jump that you know of?

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It has no liquidity. Large spread of bid and ask. Market makers make the market. It likely went up because there were over 50,000 shares traded on Friday. On guy on here said he bought $1,000 worth. He likely partially drove the market.

It will return to light trading again. There will be a block that moves at .05, and everyone will freak out. Very few will take 10 minutes to do any type of research. Research as to why they stopped filing timely reports with the SEC etc. Research that shows this is one penny stock, although still extremely risky, that actually has a chance to be a long term winner. And not a winner from .08 to .12. Although, no one ever loses by buying at .08, and selling at .12.

99% of the stock people talk about on here are going to go broke. All one needs to do is take 5 minutes, and look at their balance sheet.

If you're going to trade penny stocks, why not make a trade that has a real chance?

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I think a lot of people that play pennies are just looking for the quick pump and dump double ups, buying 10k into some stock, holding it for a couple of hours and having it go from .0003 to .0006 and dump it, take the profits and run.

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You're right. Where I diverge is that few take the profit. Most, the vast majority, lose.

I swear to God if I see another thread on Penny Stocks.