HOLLYWOOD STOCK EXCHANGE
THE ENTERTAINMENT MARKET
THE ENTERTAINMENT MARKET
My long-term penny stock stock project: cheap thrills
For the past 6 months, I've been longing penny stocks, when I can get them for 5 cents or less per share. I try to check for candidates at least once a day. Because of chuckage, and the fact that I'm looking at things I already hold short, I will only initiate a trade if the price is at 1 or 2 cents per share.
I only buy pre-production penny stocks; anythng in production is already more than my penny range, and anything in wrap or release is already too near its delist price. (Well, I hold them, anyway, long or short, since I hold all stocks in my large port.)
I'm speculating that I'll pick up a few future break-outs, which will more than make up for any losses I take when some of my duds get dead delisted.
You think I'm wasting my H$. Well, I've got H$ to spare, and I've been amusing myself. Check out my stats, fresh from my a spreadsheet:
I own 100K shares of 184 stocks that I've purchased at an average price of 3 cents per share, or H$3000 per holding.
My total investment in them: H$527,000
Their total current value: just shy of H$4 Million
Total gain on them: $3.46 Million
Some of the projects that have shown profit will die back down. But, some of them have real potential. My current best gainer is up 42,250% since purchase. I would not be surprised to have a few end up exceeding 150,000%.
(And, once I get a big % gainer, I hold it all the way through -- because it looks so pretty, and I don't care about the money I'd miss by not trading it up and down. It's like a flower that I've grown from a seed.)
My long-term penny stock stock project: cheap thrills May 07, 20:41
Thanks for the Cheap Thrills,..a truly delicious slice of HSX life. {nm} May 07, 21:12
I like your penny stock project, but there are some really promising titles between .05 and .10 as well... {nm} May 07, 23:37
True. And, I own them. Maybe even the right way. But, I haven't made such a project of them. {nm} May 08, 00:55
Temp May 08, 01:03
awww :) {nm} May 08, 05:34
