Followers | 767 |
Posts | 19704 |
Boards Moderated | 2 |
Alias Born | 02/28/2007 |
Thursday, April 11, 2013 4:49:46 PM
lawdog this is how you really play the pennies. flipping imo is small time for small profits. i won't lie i do it. plays that have allot of debt like most pennies do you have to flip. get in make a grand or two and get out. debt plays you never go heavy on because you never know when the bottom is going to drop out.
hopefully lawdog you're sitting on a million shares of cpsz. this is what you should do with that profit.
sell those shares at .035 for 35k. put 15k in the bank and trade that 20k. watch the market show patience and find a play trading at around .001. what you want to find is a play that has a real business, small debt load and a SS under 650mil. i know there isn't that many out there like that but they do come around. when you find one GO HEAVY! what i mean by heavy is at least 10mil shares 1k per point and wait. sit on it don't flip it just sit. you only need to find one or two plays a yr to do very well. it's not about being in every hot play out there you just need to find one or two. experiment with the other 5k. try your hand at flipping and watch how fast you lose it.
you will have to get used to being whiplashed around which is hard . 35k up and then 25k down used to drive me crazy now i just take a deep breath and relax.
k mag was the last one i went heavy on. cpsz now.
all the best
FEATURED Are we about to see a comeback? Steakholder Foods Charges Forward with New Commitments from Multiple International Players as it Transitions to Revenue Generation • Nov 18, 2024 11:56 AM
FEATURED North Bay Resources Announces Production of Gold Concentrate and Refinery Shipment at Bishop Gold Mill, California • Nov 18, 2024 9:00 AM
One World Products Sets New Standards in Sustainability With Strategic Hemp Innovations • OWPC • Nov 18, 2024 7:54 AM
Kona Gold Beverage, Inc. Updates Multi-Million Dollar Merger and Posts Over $1.2 Million in Q3 Revenues • KGKG • Nov 15, 2024 10:36 AM
HealthLynked Corp. Announces Third Quarter and Year-to-Date 2024 Results with Strategic Restructuring, Third-Party Debt Repayment, and Core Technology Focus • HLYK • Nov 15, 2024 8:00 AM
Alliance Creative Group (ACGX) Releases Q3 2024 Financial and Disclosure Report with an increase of over 100% in Net Income for 1st 9 months of 2024 vs 2023 • ACGX • Nov 14, 2024 8:30 AM