re: Looking to invest in some high risk penny stocks, any ideas?

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i rode EXM from 5-10 a few years ago. talk about a fall from grace.

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I've been buying and selling for the past few months. If it gets down around .10 I'll buy and ride up to .30 or so, and sell. I think long term if they can get out of BK the stock will jump up. There is a hearing later this month to confirm the BK plan which has them slicing their debt by 2/3rds and giving equity positions to creditors. I have mixed feelings about that. The stock will obviously devalue based on that, but then there is some part of me that says the creditors accepting the equity position must mean they like what they are hearing going forward. OR, they just don't have any other choice but to take the equity position and pray.

I'm in on two bulk shipping greek companies. Not a huge part of my portfolio, but I think both are good plays.