accord, since you're obviously a newbie to trading, let me impart some further info on you. The vast majority of these penny plays are SCAMS....FACT! I play'em until I see red flags start cropping up, and then I get out. I picked CSHD at .16 on my board. I got in at .15 because I put my buy order in as soon as I read that merger PR and it went up a penny in between when I read it and the time I got it posted. I actually posted it on the OTCBB Alerts IHUB board at .15, as I had that page open at the time. It went to $1.665, and I sold almost all my shares above $1.25 and bought 90% of them at .15 - .16. I flipped it numerous times since then for a profit.
ACTC hasn't presented the red flags yet that CSHD did. I'm looking for them EVERY day. IF they present themselves, I'm gonna dump it in a heartbeat. You HAVE to look for a scam in penny stocks. If you don't, you should not play them. Most of them are a scam looking for a place to happen. There are FEW that actually work out in the long term, but people play them because there's that possibility that they'll be 500,000% gainers. Well, that has happened, but it's a super rarity. You gotta play'em for what most of them are and question ALL of them. Play the bounces and when you see bad news on them, get out. Get back in lower, and own a bigger position. Play'em, don't fall in love with'em. I've made that STUPID mistake numerous times over the years, and I'm NOT calling YOU stupid.
ACTC still looks good to me, at the moment. That is subject to change at any moment, as are ALL penny plays. I don't just evaluate them one day at a time on stocks that I'm in, I evaluate them by the minute. I will exit one in 5 minutes, an hour, anything over a day is long for most of them. Yah, I've had some I was in for a month or so, but I was looking for red flags every single day. Sometimes I was dumb enough to miss them, and it cost me.
I HATE bashers as a whole, but a basher that comes up with solid info that's bad on a stock I'm invested in is a post I'm going to run down to make my own evaluation. I don't respond to many basher posts, but I look to see if there's any REAL DD in them. If they got it, I check it out. If it's just a bunch of spewing off at the mouth, I just pass it over and move on without saying a word.
I think I have a good, solid, posting history on IHUB, and every board I've ever posted on. I'm not trying to be ANYONE'S guru. Only thing I guarantee is that you may lose everything you put into any stock you play. Keep your eyes open and LOOK to sniff out if you're in a scam or not. Leave your heart out of it, and trade with your brain. Your heart will end up much happier, and you may also remain sane. LOL
JJ
Posted by: accord
In reply to: JJSeabrook who wrote msg# 3882 Date:9/2/2006 9:08:31 PM
Post #of 3897
No you don't JJ, you cry foul to your little band of buddies privately and then sell. (remember CSHD?)
I am not a broker and profess to know nothing about trading stocks. Do your own DD. Buy, don't buy...sell, or don't sell at your own risk.
