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re: Penny Stock Millionaires

Posted on 3/24/26 at 1:08 pm to
Posted by el Gaucho
He/They
Member since Dec 2010
59089 posts
Posted on 3/24/26 at 1:08 pm to
I might wait until it quadruples and is magic number 17 cents because when y’all buy it always crashes


Posted by Jax-Tiger
Vero Beach, FL
Member since Jan 2005
27772 posts
Posted on 3/24/26 at 1:17 pm to
I too, lost money on NBIS by getting too far over my skis on the options. I'm still into NBIS, but only shares with an occasional option when the conditions are right. That wasn't a penny stock though. It's looks like a long term winner, to me.

The reason for this post is that I have a friend who is from India and he lost $300K on shorts. I asked him who he tried to short, and he said, "Apple".

I laughed, because i know this guy didn't do any research, and did it just to figure out if he could. He is the kind of guy who has an Audi, but will walk to his doctor's appointment 10 miles away. He just marches to the beat of his own drummer, and one day thought he would take all of his savings and try to short Apple. He probably had to Google how to do it. He doesn't have the patience to buy stock or research it.

He's a lucky bastard, too. He may have lost all hs money shorting Apple, but he'll probably find the winning Powerball ticket on the ground one day. One time we were at a Trailblazers game and we put money into one of those 50/50 raffles and won. We split it and it was about $2800 each.

This post was edited on 3/24/26 at 1:20 pm
Posted by AllDayEveryDay
The Sticks
Member since Jun 2015
9718 posts
Posted on 3/24/26 at 1:23 pm to
Made a couple grand off ZOM back in 21 on a AT YOLO. I haven't messed with any other since.
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
138534 posts
Posted on 3/24/26 at 5:46 pm to
quote:

Have any of you baws yolked millies out of penny stock seeds?

Nah.
I've not played Russian roulette for money either though.
But "baws might yolk millies out of the seeds."



Posted by deltaland
Member since Mar 2011
102502 posts
Posted on 3/24/26 at 8:49 pm to
quote:

Takes a certain type of gambler to put $10k or (much) more into the investing equivalent of scratch offs.


I feel like with penny stocks you’re better off just buying like 200 bucks worth on several stocks and hope one runs and nets several thousand and most the others you at least get half the money back
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