I have a friend who is a Mod on DRYS - I know nothing about them.
You don't understand how to profit from the penny stocks - to me they aren't a gamble it is a business. You must learn to be disciplined - and you must cut your losses - most successful investors use 7 to 9% losses and they are out. And averaging down is the absolute worst investment strategy ever.
You never ever invest in a OTCM company - and no one shorts sub-penny or trips stocks - it is forum myth perpetuated by insiders and paid promoters.
As I say you always play the price action and always take profits - you never get married to a penny stock - completely foolish to tie up your money as you don't know what the insiders are planning.
I know many promoters some of the most despicable I go after and ruin them - such as Robert Hipple.
99% of the OTCM companies are a scam in some way - I have research close to 150 weed tickers all scams - I had faith in TRTC but the insiders keep dumping and extracting money from the market.
I never tell anyone to buy or sell - I never predict prices (actually I tell a few knuckleheads to load up and sale their dog just keep buying but that is more as a joke).
Just because a company is a share selling scheme doesn't mean you can't make profits. Promoters are much easier to predict than the market - they are creatures of habit and do the same thing - so you know the patterns and know when the pump is ending along with understanding the L2 - charts are a waste of time.
I trade penny stocks but I rarely hold overnight because if it is a particularly heinous pump it could be suspended.
I post to warn investors to not believe the hype and take profits.
Investors that attack me - I know they are lost they are married to the stock and didn't take profits when it ran and are generally underwater and they hate me for exposing scams such as BMXC.
They are all Company X to me - I have no emotional attachment to any stock - I don't care what people think or post or PM me - because I am always right about these OTCM scams.
If you are going to invest in penny stocks - get the hell away from a discount broker that only allows you one way to route your order - use a broker that allows you to choose tour route.
I use Centerpoint Securities and Speedtrader - Centerpoint isn't for novices.
The only way to trade penny stocks that use message boards, social media (Twitter - Facebook), forward looking press releases, 8-Ks and paid promotions is to just consider them all to be scams and just trade them do not invest in them. You'll lose 99% of the time if you believe the hype.
Remember Play the Price Action and Always take profits.
IG
"The Hour Between Dog and Wolf"
