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re: Penny Stocks
Posted on 12/2/20 at 1:53 pm to cgrand
Posted on 12/2/20 at 1:53 pm to cgrand
When I started trading this year I was familiar with ROKU. It was all I could do to force myself to buy 5 shares at 112$. I've never doubled my money on a penny stock or even come close, the dump part of the scheme is usually in play well before that.
Posted on 12/2/20 at 1:59 pm to Wraytex
Sometimes you get lucky...best gamble I ever made was Jammin Java Corp back in 2009 @ .03 cents and sold it days before the peak...
It was nothing more than dumb luck and it will NEVER happen again and no person should expect it.
Cool trip to Las Vegas with my wife, paid off some student loans, bought a new car & truck , and still had some left over haha.
Once in a lifetime which is why I refer to it as gamble versus investment
Here was dumb luck -->> Worked at chemical plant and the night managers would throw money in a penny stock lottery and we'd play around.
Found a message board where a roofer was like "did some work for Bob Marley's son and he wants to give me some shares in a coffee company. Said hold them for a couple years while they work out the licensing rights to his dad's music and image for the commercials. Should I take them versus cash?" The post sort of spread from there & would pop up occasionally and we set alerts & forgot about it. One random week it started pumping and we started dumping.
The "roofer" was probably the CEO or a Marley associate haha.
It was nothing more than dumb luck and it will NEVER happen again and no person should expect it.
Cool trip to Las Vegas with my wife, paid off some student loans, bought a new car & truck , and still had some left over haha.
Once in a lifetime which is why I refer to it as gamble versus investment
Here was dumb luck -->> Worked at chemical plant and the night managers would throw money in a penny stock lottery and we'd play around.
Found a message board where a roofer was like "did some work for Bob Marley's son and he wants to give me some shares in a coffee company. Said hold them for a couple years while they work out the licensing rights to his dad's music and image for the commercials. Should I take them versus cash?" The post sort of spread from there & would pop up occasionally and we set alerts & forgot about it. One random week it started pumping and we started dumping.
The "roofer" was probably the CEO or a Marley associate haha.
This post was edited on 12/2/20 at 2:16 pm
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