Hey Mack. We all have different philosophies in trading, and the bottom line is to make a profit. Each and every stock out there has the potential to make someone money, but only if it is played correctly. Believe it or not, I bought one near the close GTIXE, that was .002 down from .008, so I too will occassionally play a subpenny stock. I personally don't find stocks doing debenture conversions attractive. MFLE is one stock that has been in a trading range from .009 to .012 for 5 months. I don't even know what the O/S is anymore. Except maybe AMJC, I don't know whether I've actually seen one finish their CD. I am currently staying clear of stocks with huge O/S, because of the low volume currently in the OTCBB. If more volume comes in, then every stock will have its day.
Please feel free to continue to post. Everyone gains a different perspective from each person that posts. Toshac added his TD knowledge today, which is something that I have been wanting to get into, and he provided me with an abridged T/A 101. If he hadn't posted that, I would have missed one more tool to add to my toolbox.
I guess calling a stock a POS, doesn't mean it isn't tradable. Some of these companies have a great business model, but horrible when it comes to their stock's structure. Look @ the fiasco called IFTP. Does it have a bottom? I predict it may be subpenny someday. Hard to believe a co. with such huge rev's is trading at such a low price, but the shareholder confidence is gone.
Good luck bud, and post whenever you wish. You are just a big a part of this board as anyone!
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