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Results of penny stock experiment
I have been running an experiment and thought I would post results. I have purchased all stocks that fall below H$0.10 that are in the concept, development or production phases. I purchase 99998 of each and ignore them almost forever, only selling off those that show up in the wrapped or release point before "striking oil".
The theory is that the profit gained, eventually will far exceed any moneys invested and the %gain with those penny stocks would eventually be huge, in their own rights.
Revisiting daily, I continued to purchase any movies that fell into my purchase range. I now have 390 penny stocks, some have struck oil and others are valued at 0.01 which I continue to hold. Here are my results:
Biggest gainer = 2,260,954 (32300%). Stock purchased at 0.07 and worth 22.68 (note, I missed the news that propelled this stock, so would have missed it completely if I wasn't doing this experiment. Overall, I have 140 gainers and 250 losers. (all stocks were 10000 or less to buy)
| # of penny stocks | 390 |
| Total Paid | 3,587,928 |
| Total Profit | 5,021,504 |
| Net Profit | 1,433,576 |
| Percent gain | 39.96% |
| Avg invest/stock | 9199.82 |
Results of penny stock experiment Aug 12, 17:29
Previous posts relating to same strategy: Aug 12, 17:41
That's not a bad experiment... Maybe I should try something like it. {nm} Aug 13, 00:55
My results (who started this? can't remember) Aug 13, 15:17
This worked for me for MILES and GIVER Aug 14, 02:48
Passengers Nov 17, 00:14
