Saturday, October 09, 2010 1:36:34 AM
All these pennies...they're so much more exciting than the large caps where you just set a trailing stoploss and wait for them to turn. I wish they were more liquid than they are, or there were more of the $5 ones turning into $60 ones like in '00. :-/ The last time I saw that happen was May'08 with MXC, and I didn't even stay for half of that...it was totally unexpected (I think it was probably mostly shorts getting squeezed when stubborn buyers wouldn't budge on their shares after it doubled).
The excitement factor in pennies is almost like a drug.
Out of absolute blind luck I managed to hit that ADAM jump with my pennystock account (Schwab is so much cheaper than ThinkorSwim for these pennies, but still has better executions than like OptionsExpress or Interactive Brokers, imo...get separate accounts for pennies and normal listed stocks).
This ADAM jump over a weekend was fun to wake up to on monday, but it took a while to get out of without gorilla-f__king the price with a single huge market-sell (I try not to screw over fellow traders with large market-sells, lol).
That kind of beautiful thing NEVER happens in Apple or nVidia or Sprint etc (especially not Microsoft or Dell...those are dangerous to look at during trading hours; they'll put you to sleep).
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