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!


The Devil Wears Prada 2 - Openin (PRAD2.OW) 100000 85.93 (-0.56)          Blood on Snow (BLOSN) 10000 15.64 (-0.02)          The Devil Wears Prada 2 - Openin (PRAD2.OW) 100000 85.93 (-0.56)          Corporate Retreat (CRPRT) 150000 3.64 (+0.20)          Starship Troopers (STRPR) 10000 35.82 (-0.17)          Corporate Retreat (CRPRT) 150000 3.64 (+0.20)          Ono Ghost Market (ONOGM) 150000 70.00 (0.00)          Mortal Kombat II H$40 Put (MKMB2.PU) 25000 1.65 (-0.05)          Deeper (DEPER) 5000 34.47 (+0.03)          Mortal Kombat II H$40 Put (MKMB2.PU) 25000 1.65 (-0.05)          Chitty Chitty Bang Bang (CCBB) 14000 17.30 (-0.14)          Ono Ghost Market (ONOGM) 150000 70.00 (0.00)          Lizard Music (LZMUS) 8000 16.90 (-0.08)          It Ends (ITNDS) 150000 5.61 (-0.60)          Cut Off (CUTOF) 10000 40.11 (+0.16)          Mother Mary (MMARY) 149900 5.94 (-0.77)          The Mummy 4 (MUMY5) 150000 101.87 (-0.78)          Speed the Plow (SPLOW) 150000 3.82 (-0.18)          Speed the Plow (SPLOW) 150000 3.82 (-0.18)          4 x 4: The Event (4X4TE) 150000 9.52 (+1.58)          4 x 4: The Event (4X4TE) 150000 9.52 (+1.58)          Lee Cronin's The Mummy (TMUMY) 150000 32.09 (-1.43)          The Bourne Dilemma (BORN6) 63000 82.75 (-1.27)          Lee Cronin's The Mummy (TMUMY) 150000 32.09 (-1.43)          4 x 4: The Event (4X4TE) 150000 9.52 (+1.58)          4 x 4: The Event (4X4TE) 150000 9.52 (+1.58)          From the World of John Wick: Cai (FJWCN) 25900 38.34 (+1.75)          Ono Ghost Market (ONOGM) 150000 70.00 (0.00)          Jackass: Best and Last (JCKA6) 150000 53.06 (-0.23)          Bunnylovr (BNYLV) 149999 0.02 (0.00)          Speed the Plow (SPLOW) 150000 3.82 (-0.18)          Possession (PSESN) 150000 32.51 (-1.76)          Star Wars: Dawn of the Jedi (STRW1) 1 83.95 (-0.41)          Jason Segel (JSEGE) 25000 23.01 (-0.37)          Ono Ghost Market (ONOGM) 150000 70.00 (0.00)          Michael (MJACK) 150000 218.36 (+6.69)          Normal (NORML) 150000 8.92 (+0.12)          Ono Ghost Market (ONOGM) 150000 70.00 (0.00)          Airman (AIRMA) 75000 19.07 (-0.27)          Ono Ghost Market (ONOGM) 6850 70.00 (0.00)          Miami Vice '85 (MIVIC) 150000 102.02 (-4.93)          Timothy Olyphant (TOLYP) 5000 36.92 (-0.02)          Miami Vice '85 (MIVIC) 150000 102.02 (-4.93)          Gail Daughtry and the Celebrity (GDCSP) 150000 9.46 (-0.46)          Ecto aka Ghostbusters animated (GBUST) 10000 5.16 (-0.04)          Speed the Plow (SPLOW) 150000 3.82 (-0.18)          Timothy Olyphant (TOLYP) 25000 36.92 (-0.02)          The Amazing Digital Circus: The (AMZDC) 39000 18.24 (+0.40)          Harry Melling (HMELL) 6 51.39 (-0.16)          Harry Melling (HMELL) 25000 51.39 (-0.16)