LOL - the only pinkies I hold are the ones that got halted. And one or two I actually believe in.
There's LOTS of money to be made in the chips, and even OTC in the range of $1.25 - $2.50. Today I had fun with IOC - up 20% during the session. Ran from $17 to $20.24 in the first hour - cashed out - cha ching!
These stocks don't go down so fast, like a pinky...and in the range I stated above they are mostly immune to naked and conventional shorting. Generally speaking, offshore peeps don't touch 'em, cause by this point they have proven themselved to be REAL companies...and brokers won't let you borrow shares to short if the stock is below $5.00
Also made some excellent bank on CRAYD - just under $3/share in a one week play.
My advice playing the blue chips - YOU GOTTA BE FAST! If anyone thinks OTC flippers are fast, they'll sh+t when they see the big boys play...
I routinely see the blue chips raped and left for dead within minutes of a PR. Average response time to bullish news is 20-30 SECONDS. Not even enough time to read the PR and get to your order screen.
The secret here is to wait until the Fat Cats have played 'em, and if the news is good, scoop up a few. They usually rebound, and sometimes go pretty high.
