Anybody Trade Penny Stocks?

[RandJCigars]

Just wandering. It's a great way to fight against the crappy economy and the lowering dollar. Lot's of money to be made, and in some cases, huge money can be made.

I can share some of my picks (long term) and of course try to give alerts for short term pics.

[jmsremax]

If I could trade em I would, but per compliance for work we can't :bh

[WildBlueSooner]

Jimmy,
I used to trade a lot, but I have not had as much time over the last couple years. I found success more often then not. It is something I am looking to get back into it. Trading penny stocks is of course just a small portion of my investment portfolio due to the higher risk. I would love to take a look at some of your picks.

[Starscream]

How do you trade penny stocks? Ameritrade?

[MiamiE]

I would like to get into this. I would love to hear more.

[Starscream]

I would like to get into this. I would love to hear more.

:tpd:

[MiamiE]

What's a good amount to invest into any particular penny stock?

[Starscream]

Where do you invest in penny stocks?

[Tio Gato]

There's a good reason that they trade for pennys.:2
The best advice I've had for investing is to buy what you know. If you have some experience in a business then you should look there.
That's where you can do well. Have fun and don't bet the farm.:)

[jmsremax]

There's a good reason that they trade for pennys.:2
The best advice I've had for investing is to buy what you know. If you have some experience in a business then you should look there.
That's where you can do well. Have fun and don't bet the farm.:)


Exactly, penny stocks are not for amateurs. You have to watch them constantly and most traders stayin a position for not more than a few days. Typically penny stocks are not very liquid. Good luck!

[RandJCigars]

If anyone is interested, they can PM me. I'm afraid if I post any picks here, that I'd be liable for anyones loss (if they trade the wrong way).

Every stock is on a IMO (in my opinion) only basis. I can let you know what I'm trading currently, however I always recommend doing your own DD (due diligence).

[cricky101]

I don't know anything about them, but are they things we get faxes for at work all the time? "Stocks that are about to explode!?"

[RandJCigars]

Just some examples of my picks for today (2/1/2011) (remember every day usually brings different picks):

AUCI - In at .0008
BKPR - In at .001
JUNP - In at .0004

I usually invest $1000 to $2500 on a single stock. If you do that math, that can buy you quite a few shares at the above levels. Remember not to fall in love with any stock, get in and get out (take profits). I use Zecco.com for my trading. The charge $4.5 per trade and that's it. Reliable, quick, easy to use. The best thing is...they allow you to buy most penny stocks when some don't because of higher risks. Again, do you own DD, and read the charts and read into the SS (share structure) and read into any filings (8k, 10k, etc).

Hope this helps!

[RandJCigars]

I don't know anything about them, but are they things we get faxes for at work all the time? "Stocks that are about to explode!?"

Alot of the newsletter's are paid, in either shares or cash, to "pump" a certain stock. Be careful, as some of these are literally just pump and dumps. Some, however, can be gold mines.

[RandJCigars]

PYBX doing well this morning. Got in at .0004

[RandJCigars]

SNRS is on watch for Monday and Tuesday. This is a lotto play, imho.

[RandJCigars]

As expected, SNRS has huge volume so far.

STHG also, way above 10 day and 30 day averages.

[RandJCigars]

STHG had a Huge day, Chart is ready for a blowout performance like last year. Read the charts, do your DD, and enjoy.

SNRS released news after close today as annoucned (Huge News):

SOURCE: Sunrise Consulting Group, Inc


Feb 07, 2011 16:01 ET Sunrise Consulting Group, Inc. Debuts New Product Announcement NEWPORT BEACH, CA--(Marketwire - February 7, 2011) - Sunrise Consulting Group, Inc. (PINKSHEETS: SNRS) announced today that through its wholly owned subsidiary "United Power Solar, Inc.," the company is manufacturing Apple approved solar chargers for the iPod and iPhone 3 and 4 series mobile devices.

Apple approval means that "United Power Solar, Inc.'s" proprietary solar chargers for iPod and iPhones were tested by Apple and an independent laboratory. Sunrise engineers and Apple staff have worked closely together and the Apple staff's input was crucial to develop this unique solar charger technology.

Our mobile device solar chargers will carry the prestigious "Made for iPod and Made for iPhone" logos and contain only by Apple approved parts, to meet Apple performance standards.

The company also announced that it expects to have an updated website within the next 2 weeks with a fully functional e-commerce web store to make sure that our customers have access to these exciting products, 24/7 and 365 days a year.

CEO Raymond Chin commented, "This is a monumental step into a bright future for Sunrise Consulting Group, Inc. Soon our shareholders will be proud to see our products in stores and people around them will be using these products in their daily routine. Personally, I can't wait to walk into the nearest Electronics store to see our product on the shelves, this is what it's all about."

For more information regarding the Apple MFI program, please click on the following link:

http://developer.apple.com/programs/mfi

ABOUT SUNRISE CONSULTING GROUP, INC.
Sunrise Consulting Group's mission is to get involved in the Solar Industry in the fastest and most productive and profitable way possible. Sunrise Consulting intends to continue to expand and diversify by building upon and adding to its current holdings and continually expanding its portfolio into related areas. For more information email info@sunriseconsultinggroup.net or go to the website www.sunriseconsultinggroup.net.

Safe Harbor Statement: This release contains forward-looking statements with respect to the results of operations and business of Sunrise Consulting Group, Inc., which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.

[CRIMPS]

Penny stocks scare the sh!t out of me. But I am interested in following this.

[RandJCigars]

Well I alerted AUCI at .0008, I'm now out at .007. Let's do some quick math here....

Investment of $3,000 gets 3,750,000 shares.

3,750,000 x .007 = $26,250

875% Gain. Get money Guys...

Stay Tuned.

[RandJCigars]

FYI, I am also out of JUNP and BKPR. I highlighted AUCI because of the gains. AUCI has jumped up this big because of news; remember to sell on the hype of news, not when news is actually released (that's usually how people becomes "bag holders")

If anyone has questions, feel free to PM me. All information I give is IMO only.

[jmsremax]

If you want feel free to use the banter section for this.....either start a new thread or spark some life in the stock/finance banter link located in my signature. :tu

[RandJCigars]

Oh Sweet...

[WyoBob]

Well I alerted AUCI at .0008, I'm now out at .007. Let's do some quick math here....

Investment of $3,000 gets 3,750,000 shares.

3,750,000 x .007 = $26,250

875% Gain. Get money Guys...

Stay Tuned.

So, did you sell at the market on 3,750,000 shares and get filled at .007 on all of the shares? If so, all I can say is "wow". Lots of other sellers today. I guess that's why they closed at .003.

WyoBob

[RandJCigars]

Yes I sold all 3.75 @ .007. It's an interesting case with this stock as to how it went UP and than how it came down so fast. I don't want to fill this board with drama, but to make a long story short...

A company supposedly put in a "Buy Offer" for $0.10 per share on all outstanding shares for AUCI. When this news was heard...the PPS went ballistic, hence the move upward. I sold at .007 because it's the first chance I had to sell, the stock actually went much higher during the day. However, remember what I said...sell on the hype of news and on the way up...don't try to wait for the top and the "official news" The stock continued to go up on steady buying pressure, up to .0124, a 450% increase on the day. However right around 2:30 eastern, a PR was supposedly released claiming a "rescinded offer" to buyout AUCI. Everyone screamed "SCAM" and thats when the sell off began. This was a little over 4 hours after I sold all my shares. The stock actually closed BELOW support levels, which is brutal for penny stocks.

Moral of the story? Don't believe everything you read. This is the reason why all of us say "Do your own DD" before you purchase a stock. Penny stocks offer huge rewards (as my example above) only if played right, however.

I originally bought AUCI based on R/M (reverse merger) news. Now, if you know anything about how reverse mergers are structured, it's usually bad for the shareholders of the smaller company (the company being purchased). However, in penny world, when R/M news is released stating "a R/M has been discussed and both parties are working diligently to work out a deal"....the stock price usually blows up. This is where you buy, as it's going up. If and when a merger takes place, and they release an "official" pr, the stock price will plummet because all the guys that bought low (someone like me) are wanting to get out as "bag holders" try to get in for a quick flip.

I played it the way it was supposed to be played. R/M news was released. I verified it over a couple days, and I bought in low (.0008). Today that PR was released, and I honestly didn't even read the damn thing...all I did was look at the L2 (Level 2 Quote) and sold at the first opportunity the MM's would allow me to using Zecco (MM = market maker).

As for my other picks, SNRS and STHG, I am holding both.
I bought in SNRS at .0001
I bought in STHG at .0006/.0007

Im up, percentage wise, big on both. 300% on SNRS and 200% for STHG. STHG is going to be, IMHO, a multi-day runner. I say this based on the technical data I get from the charts. SNRS is a MOMO (momentum) play right now. They have released amazing news for such a small company...but I'm not sold on that yet. Tomorrow it should bring in .0004 and I will take a 400% gain and play free shares incase it goes up further. Same with STHG..I will sell enough to cover my initial investment at .002 and ride the wave upwards on free shares.

I'll post some new pics tomorrow morning for anyone following this.

Goodnight

[TheLostGringo]

no updates

[RandJCigars]

Im not on all the time, and sometimes I get busy with my Cigar business. I do not trade every day.

[RandJCigars]

Market closed today...so I was quite bored all day, lol.

I'm hearing some things about EMXC. I got in a couple weeks ago at .0006-.0008. However, look at Friday's volume...the most in over a year...and by miles.

[RandJCigars]

Well one of my favorite Long-Term stocks, GRDO, has announced an already signed LOI for a merger. Merger is said to be CSID, a very large PRIVATE firm. Huge money in the coming weeks on this one IMO. Get in while you can...you see the markets reaction to it today....this is only the beginning.