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re: Penny Stocks -- How long do you all keep them?
Posted on 12/18/13 at 10:13 am to reb13
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
1
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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