HSX Forum

Playing & Trading Strategy

My long-term penny stock stock project: cheap thrills

Posted by: edzep on May 07, 20:41

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.)





Post a Reply

To post to the forums you must first login!


Five Nights at Freddy's 3 (5NAF3) 150000 66.26 (+1.26)          Ali G: Who Iz I? (ALIG2) 150000 20.15 (+5.15)          NDA (NDA) 150000 6.74 (-1.23)          Black Panther 3 (BPNT3) 150000 233.43 (+0.64)          Five Nights at Freddy's 3 (5NAF3) 150000 66.26 (+1.26)          The Resurrection of the Christ (RESUR) 117548 173.73 (-0.15)          Spider-Man: Brand New Day - Open (SPID9.OW) 1 240.84 (+6.02)          Spider-Man: Brand New Day H$220 (SPID9.CA) 25000 7.63 (+0.56)          Mutiny (MUTNY) 149999 24.05 (-2.05)          Toy Story 5 $405M Blockbuster Wa (TOYS5.BW) 1 13.56 (+0.57)          Hadestown: The Musical (HDSTW) 150000 14.06 (-1.91)          Minions & Monsters (MNIO3) 150000 155.60 (+0.65)          Star Wars: Starfighter (SWAR4) 141586 263.71 (+2.07)          The Dog Stars (DOGST) 150000 68.99 (-4.44)          The Dog Stars (DOGST) 150000 68.99 (-4.44)          Five Nights at Freddy's 3 (5NAF3) 150000 66.26 (+1.26)          David Jonsson (DJONS) 6 38.48 (+1.19)          Hadestown: The Musical (HDSTW) 149999 14.06 (-1.91)          Five Nights at Freddy's 3 (5NAF3) 270 66.26 (+1.26)          Ryan Gosling (RGOSL) 25000 155.04 (+1.01)          Ali G: Who Iz I? (ALIG2) 150000 20.15 (+5.15)          Ali G: Who Iz I? (ALIG2) 150000 20.15 (+5.15)          Bucking Fastard (BUCFA) 150000 2.71 (-0.38)          Bucking Fastard (BUCFA) 150000 2.71 (-0.38)          The Brigands of Rattlecreek (BRGND) 150000 27.60 (+0.27)          Star Wars: Starfighter (SWAR4) 150000 263.71 (+2.07)          Naughty (NAUTY) 150000 28.07 (+1.92)          Naughty (NAUTY) 150000 28.07 (+1.92)          Hadestown: The Musical (HDSTW) 150000 14.06 (-1.91)          Hadestown: The Musical (HDSTW) 150000 14.06 (-1.91)          Her Private Hell (HERPH) 150000 3.16 (-1.67)          Everytime (EVRTM) 150000 0.54 (-0.46)          Ali G: Who Iz I? (ALIG2) 150000 20.15 (+5.15)          Black Panther 3 (BPNT3) 75000 233.43 (+0.64)          Five Nights at Freddy's 3 (5NAF3) 150000 66.26 (+1.26)          Five Nights at Freddy's 3 (5NAF3) 150000 66.26 (+1.26)          Five Nights at Freddy's 3 (5NAF3) 11640 66.26 (+1.26)          Five Nights at Freddy's 3 (5NAF3) 3 66.26 (+1.26)          NDA (NDA) 150000 6.74 (-1.23)          Other Mommy (IATHS) 150000 37.42 (+1.01)          Ocean's 14 (OCEN6) 150000 73.01 (+2.72)          Ali G: Who Iz I? (ALIG2) 150000 20.15 (+5.15)          Ali G: Who Iz I? (ALIG2) 150000 20.15 (+5.15)          Hershey (HERSH) 5000 14.05 (0.00)          Sacha Baron Cohen (SBCOH) 25000 107.67 (-1.73)          Sacha Baron Cohen (SBCOH) 25000 107.67 (-1.73)          Can I Get a Witness (CIGAW) 150000 0.15 (-0.03)          Spa Weekend (SPAWK) 145000 17.08 (-2.76)          X-Men aka Mutants (XMEN8) 150000 174.21 (+0.70)          X-Men aka Mutants (XMEN8) 150000 174.21 (+0.70)