I’ve been investing for about 2 years and made some decent returns. But only DECENT returns. I know there is more to be made and I’m willing to take a risk, people don’t get rich off small returns they takes risks and some pay off. So first off there’s a stock GERS its price is currently .0002 and goes up .0003 each day up and down. Thats huge and I don’t see why I shouldn’t do it. I’m also going to start researching on options trading, but I’m not jumping into it anytime soon before I know the game better. I’m open to any other suggestions, I’m a risk taker. So don’t tell me to stick it into a .

 

  • Mr. Prefect 1:00 pm on August 10, 2010

    If you’re a risk taker, then you are in the riskiest investment possible, penny stocks. Be aware that these pink sheet vehicles are pumped initially, then when they reach a certain plateau, they are dumped all at once.
    If you get in at the right moment, and sell at the right moment, you might make money. Very few people do however. The odds are you will lose money. It is similar to buying a lottery ticket where you actually have a better chance of winning.

  • Poo 1:00 pm on August 10, 2010

    Big big problem with these penny stocks is liquidity….like the previous answer said, it’s usually just pump and dump.

    So, you are going to get killed paying the ’spread’

    In other words, in a thinly traded security, the spread between what someone is willing to buy and what someone is willing to sell is quite wide and will kill your returns in the long term.

    It is the same thing in the options market, however, I would recommend options if you want to be swinging for the fences in your trades. It’s a little more tightly regulated and you can buy options in real companies that should be priced based on expectations of moves in companies that actually have a trading float.

    good luck.

  • Len 1:00 pm on August 10, 2010

    For some reason you and all other penny stock players are summarily dumped on and told to run as fast as you can because pennies are pump & dumps. How pathetic!

    Not only do I routinely invest in a bunch of penny stocks, I also maintain a portfolio grouping doing business only in the Republic of China! These are great fun, require an awful lot of solid research but can be quite profitable. In the case of one—BSPM— purchased shares on November 12th of last year at $2.63 and today they closed at $5.45 on the news that it will trade as of tomorrow (Friday) on the NASD global exchange.

    Some other pennies I’m invested in and carefully tracking are:

    LTUS
    NEWN
    CNOA
    CGGY
    CYXN
    LPIH
    SGAS

    This is just a handful of companies operating in China. If you go to the SEC to look at prior quarterlies and annual reports, you will find that every one of these Chinese operators is incorporated right here in the US. I do not trust companies originating in the Mainland, knowing they will not always subscribe to SEC rules and regulations.

    Domestically, I can suggest you look at HDY and TSTR.

    I see no reason why you shouldn’t continue doing as you are doing. You are aware of your own risk tolerance, you’re obviously willing to do the necessary research, and you’re having fun doing this work. What could possibly be wrong with this? Frankly, I figure you’ve found the perfect recipe for your version of success.

    I love this stuff! It enables me to earn a fine income in the privacy of my own home…no pressure, no worry as I make a good living every year, and every morning I’m excited to sit down and find out what has transpired while I was sleeping soundly.

    You ask about Greenshift Corp—I believe this is not anything you should get involved in. It has been around for years—supposedly morphing from one company into another. If you check into the principals of the corporate management team you will find all sorts of relationships making connections designed to make great profit potentials. The problem is that they never make money yet they stay around. This is possible when they take advantage of the naive investor and dilute, dilute, dilute. I am of the opinion this is a pump and dump organization but it’s only my opinion. I will tell you this much—I fell prey to this organization myself, about a half dozen years ago when they struck a biomass deal with Welch’s Grape juice people—don’t know what happened with that but I lost most of my money.

    Len

  • nt10000 1:00 pm on August 10, 2010

    If you’re going to invest in penny stocks then make sure you know what you are doing. They can go up and down overnight, sometimes by as much as 50%.

    If you’re new then why not follow one the the penny stock trading alert newsletters. If you’re quick off the mark you can get in a position before the rest of the subscribers and make a profit just from the hype alone. You’d need a penny stock alert service that has a lot of subscribers, like Penny Stock Prophet.

    There’s a pretty good review about it at http://www.stocktrading-strategies.com/pennystockprophet-review.htm

  • James 1:00 pm on August 10, 2010

    Buying out of the money call options on stocks you think is going to go up by a mile and buying out of the money put options on stocks you think is going to ditch is the highest risk, highest reward way of trading you can get out there. You either win big or lose all your money by expiration, how’s that for a "risk taker"? :)