Replies to post #84331 on MATRIX Penny Stocks

[bagheera]

Susie.. Even if you miss a great run in a stock if you keep that particular stock on watch like SWYC and learn about how these react after the run it is a great learning tool..
"After those 2 stocks I started to think to myself. Why am I putting money into the penny and subpenny stocks waiting for a killing? If they are priced that low, there must be a reason. I may not be able to buy as many shares of a stock that is trading at .50 or $1.00 or $2.00 but if I look at the percentage profit instead of the dollar amount I would be much better off." EXACTLY!!
What some newbies fail to realize is the potential in higher priced stocks and the pitfalls of the lower ones that have not run yet...
Yet, one still has to know what they are doing to be succesful in trading both styles..I lost my BUTT as a newbie becasue I thought the higher priced ones were too expensive..
The breakthrough came in learning better charting..and I make my charts very simple and have good success..A newbie doesn't have to tortue themselves with all the indicators to be succesful..learn what a basing chart looks like simple support and resistance what volume means in a stock and what a bullsih chart looks like .If a dipsy doodle such as myself can do it so can you newbie..
good luck..

[EVO]

Susie good post...lately I have been playing dollar stocks also...there is a period for all types of stocks to move...we had a good run in th epennies and now the heat move ot the dollar stocks and while the dollar ones are moving some of the pennies that were running are coming down. I bet in the next couple months many of the pennies will start running again. Its like secotr movement...at one time last year the wifi stocks ran, then the RFID, then the NANOs, then the ENERGY, now the military related ones etc...