Penny Stock thread...

***Rabbi*** · 01-31-2013, 22:21

For those who play that foolish game... (I am such a fool from time to time)

What are you interested in and why?

***JimBianchi*** · 01-31-2013, 22:53

I had a "small pharma" client 10yrs ago who dreamed of being bought out by "Big Pharma". I was hired to photograph their stockholders meeting and shoot portraits of the 13 board members. I heard all the good stuff about the company and I bought into it a bit.

I followed the the stock, in less than a year it doubled so bought $500 it at 60cents right after they announced a new drug trial for an AIDS inhibitor that seemed promising. (I remember the commission for the purchase was very high, 3x for a normal trade through ScottTrade and the guy tried to talk me out of it!)

Shortly there after the company was investigated for insider trading and "pump and dump" and the stock crashed, the company folded and that was my one and only experience with penny stocks.

***Rabbi*** · 01-31-2013, 23:12

Quote:

Originally Posted by JimBianchi

I had a "small pharma" client 10yrs ago who dreamed of being bought out by "Big Pharma". I was hired to photograph their stockholders meeting and shoot portraits of the 13 board members. I heard all the good stuff about the company and I bought into it a bit.

I followed the the stock, in less than a year it doubled so bought $500 it at 60cents right after they announced a new drug trial for an AIDS inhibitor that seemed promising. (I remember the commission for the purchase was very high, 3x for a normal trade through ScottTrade and the guy tried to talk me out of it!)

Shortly there after the company was investigated for insider trading and "pump and dump" and the stock crashed, the company folded and that was my one and only experience with penny stocks.

That is a pretty common story. There is a lot of pump n dump and vaporware in the game. Pharma is real long on risk. They either have a product or they dont and if their product works and makes it to market...everyone buys a jet. Very few make it. That is why it is a tough game, you have to place your bets before it happens if you want the big win.

There are some wicked good gems out there though...just not many.

railfancwb · 02-01-2013, 06:48

On the whole, $500 in $1 lottery tickets is probably about as good an investment as $500 in a penny stock...unless you are a company insider.

Posted using Outdoor Hub Campfire

07 LMB Z06 · 02-01-2013, 07:33

Not really a penny stock trader, but I do quite a bit of options trading. Some longer term stuff, and some stuff that's cheap and close to expiration for fun.

I'm following VIX closely now and may pick up some March calls. Not sure what strike, maybe $17 or so.

Anyway, on board to read some people's experiences.

Dennis in MA · 02-01-2013, 08:00

Faro-Tech FTW!

(don't pitch the b-word!)

***Short Cut*** · 02-01-2013, 08:18

ECPN El Capitan Precious Metals They own land that has sizable measured resources of gold and silver in Lincoln County, New Mexico.

Singlemalt · 02-01-2013, 08:35

Quote:

Originally Posted by Dennis in MA

Faro-Tech FTW!

(don't pitch the b-word!)

lol, I have not seen that one in a while.

I had a very strong work ethic. The problem was my ethics in work.

Dennis in MA · 02-01-2013, 08:53

What people never realized was that that sort of stuff has been going on for years. Still does, to some extent. Not like THAT. Vin Diesel was great in that. That movie was 10x the movie that Wall Street or Wall Street II was.

SMOKEin · 02-01-2013, 09:19

My buddy and I overheard a coked up suit running his mouth at a bar one night, bragging to his buddy about how far the stock was going to soon soar for this tiny company that he was consulting at. It was about 15'ish years ago so the details are foggy, but I bought sub $1 and sold in the high $30s, shortly after that news broke on the local business channels that this company was going to be bought out by a big electric co. I'm thinking it was GE? Anyway, stock quickly went over $100 share and my buddy should have sold and cashed in big. He held way too long, no buyout, I think he sold for $14 or $17 a share.

If I recall, they designed or improved upon the design of some equipment that allowed people to send electricity to be sent back into the grid and be sold.

I guess this doesn't answer the OP, but I spent too much time typing it on my phone, not to share.

Happy Friday.

***Rabbi*** · 02-01-2013, 10:36

Quote:

Originally Posted by Short Cut

ECPN El Capitan Precious Metals They own land that has sizable measured resources of gold and silver in Lincoln County, New Mexico.

Ah yes, mining penny stocks. Those can be fun but you are better off in most cases buying a shovel and looking for your own gold.

As always though, if one hits....it is a nice day.

2bgop · 02-01-2013, 10:56

Over the last couple years, I have made a killing off of TLGN. They did a reverse split a few months back and it appears the gravy train is over. But for a while, I was trading it a few times a week and did extremely well.

I still have around 15k shares, but I am looking for a good place to jump out.

hpracing007 · 02-01-2013, 16:53

Quote:

Originally Posted by 2bgop

Over the last couple years, I have made a killing off of TLGN. They did a reverse split a few months back and it appears the gravy train is over. But for a while, I was trading it a few times a week and did extremely well.

I still have around 15k shares, but I am looking for a good place to jump out.

I'm curious, how do you find out about these stocks? I tried digging around the otc markets but a lot of them don't even have up to date financial reports.

hd67xlch · 02-01-2013, 16:57

I bought 30,000 shares of MJNA a few weeks ago at .09 cents a share, today it busted .30 cents. This is just a shot in the dark that the medical or non medical marijuana industry booms, who knows but its worth a shot with it being a relatively small amount of my investments.JMO

2bgop · 02-01-2013, 17:23

Quote:

Originally Posted by hpracing007

I'm curious, how do you find out about these stocks? I tried digging around the otc markets but a lot of them don't even have up to date financial reports.

For the most part I just get them from friends. I don't have the time or talent to research stuff like that on my own, but I hang around people who hire others that do. Consolidated Gas and Oil was another great one, I just didn't pay close enough attention and ended up losing almost all of it.

I just looked, TGLN finished up 20% today, looks like the old days.

arizona_andy · 02-01-2013, 17:30

Often a foolish game indeed...

Nevertheless, I have purchased a bit of Fuse Science (OTCBB: DROP) Trades around .15 to .17 in recent days.

http://www.poweredbyfuse.com
http://www.fusescience.com

They have a patent-pending proprietary delivery system which is believed to allow various compounds to be absorbed by the body more efficiently than anything else out there.

What does that really mean? It means that medications that are typically administered via a shot can now be delivered using a simple roll-on applicator (they've already stated that they're working on an insulin application, and quite a few others.)

So far, they've released three products which make use of this technology: PowerFuse, ElectroFuse, EnerJel.

PowerFuse is effectively a can of Red Bull/Monster that can be carried in your pocket (one "ampule" is roughly half the size of an AA battery.) It is a concentrated, all-natural energy "drop" and seems to work exceptionally well. ElectroFuse is the same deal, but it's for electrolyte replenishment. EnerJel is a roll-on applicator which addresses muscle fatigue and soreness, and also gives a boost of energy as well (check gnc.com for reviews -- it is one of the highest-rated products on their site http://www.gnc.com/product/index.jsp?productId=13230989)

They have amassed a very impressive list of athlete endorsements -- Tiger Woods, David Ortiz, Arian Foster, Ken Griffey Jr., Paul Pierce and many, many more. (Tiger's golf bag features a huge "Fuse Science" logo)

Power/ElectroFuse will be on the shelves of Dick's Sporting Goods any day now, with more retailers to follow. EnerJel is currently sold at GNC.

Right now shareholders are just waiting for the marketing machine to kick in. It seems that once word gets out this thing will take off... but, I am sure a lot of you have heard that line before, with varying results..!

Anyway, I've yet to find another pennystock with as much potential as this one. The only issue is that they are short on cash and have been diluting a bit -- but IMO it isn't concerning at this point, as they are still under 200mil shares O/S. It's pretty common to see 500mil to 1 billion shares outstanding for pennystocks.

***Short Cut*** · 02-01-2013, 17:40

Quote:

Originally Posted by Rabbi

Ah yes, mining penny stocks. Those can be fun but you are better off in most cases buying a shovel and looking for your own gold.

As always though, if one hits....it is a nice day.

Yeah the industry has their share of scams too. This one is solid, I've done a lot of research on it, but still these kind of plays are for blue sky money not buying diapers and groceries money.

arizona_andy · 02-01-2013, 17:42

Quote:

Originally Posted by 07 LMB Z06

Not really a penny stock trader, but I do quite a bit of options trading. Some longer term stuff, and some stuff that's cheap and close to expiration for fun.

I'm following VIX closely now and may pick up some March calls. Not sure what strike, maybe $17 or so.

Anyway, on board to read some people's experiences.

Nice.. I can't think of many things smarter than buying VIX calls right now.

sappy13 · 02-02-2013, 00:54

tagged to learn as more is posted. Im just getting into investing and wouldnt mind knowing more.

2bgop · 02-02-2013, 15:35

Quote:

Originally Posted by arizona_andy

Often a foolish game indeed...

Nevertheless, I have purchased a bit of Fuse Science (OTCBB: DROP) Trades around .15 to .17 in recent days.

http://www.poweredbyfuse.com
http://www.fusescience.com

They have a patent-pending proprietary delivery system which is believed to allow various compounds to be absorbed by the body more efficiently than anything else out there.

What does that really mean? It means that medications that are typically administered via a shot can now be delivered using a simple roll-on applicator (they've already stated that they're working on an insulin application, and quite a few others.)

So far, they've released three products which make use of this technology: PowerFuse, ElectroFuse, EnerJel.

PowerFuse is effectively a can of Red Bull/Monster that can be carried in your pocket (one "ampule" is roughly half the size of an AA battery.) It is a concentrated, all-natural energy "drop" and seems to work exceptionally well. ElectroFuse is the same deal, but it's for electrolyte replenishment. EnerJel is a roll-on applicator which addresses muscle fatigue and soreness, and also gives a boost of energy as well (check gnc.com for reviews -- it is one of the highest-rated products on their site http://www.gnc.com/product/index.jsp?productId=13230989)

They have amassed a very impressive list of athlete endorsements -- Tiger Woods, David Ortiz, Arian Foster, Ken Griffey Jr., Paul Pierce and many, many more. (Tiger's golf bag features a huge "Fuse Science" logo)

Power/ElectroFuse will be on the shelves of Dick's Sporting Goods any day now, with more retailers to follow. EnerJel is currently sold at GNC.

Right now shareholders are just waiting for the marketing machine to kick in. It seems that once word gets out this thing will take off... but, I am sure a lot of you have heard that line before, with varying results..!

Anyway, I've yet to find another pennystock with as much potential as this one. The only issue is that they are short on cash and have been diluting a bit -- but IMO it isn't concerning at this point, as they are still under 200mil shares O/S. It's pretty common to see 500mil to 1 billion shares outstanding for pennystocks.

Ok, I am in come Monday morning.

arizona_andy · 02-02-2013, 17:53

Quote:

Originally Posted by sappy13

tagged to learn as more is posted. Im just getting into investing and wouldnt mind knowing more.

If you're just getting into investing I would recommend you stick with the less volitile blue-chip companies. Pick a few favorites from the DJI, or larger members of the S&P 500. Mix it up a bit, too: don't just buy cyclicals, throw in some slow-and-steady dividend payers as well.

Buying a great company that is a bit down on their luck lately is a great strategy. They will come roaring back if their really isn't anything wrong. A great example was CELG: sold off to 59 a few quarters ago, even though management reaffirmed guidance... and sure enough, it sits at 100 today.

Pennystocks can lose 95% of their value in a day, so be aware of that.

Quote:

Originally Posted by 2bgop

Ok, I am in come Monday morning.

While I believe that this company will be highly successful, I do still urge you to do your own research as well. I view this one as a longer-term investment, not something that might shoot up 200% next week. The potential is huge here, and honestly I'm not sure why we aren't higher yet -- but it's probably due to the fact that they haven't much to show in the way of revenue, yet. Power/ElectroFuse aren't in stores yet, but they have already shipped the product to DSG and we are expecting CVS to be another location where it will be sold as well.

Their products are real and they do work. You can try them for yourself by ordering from poweredbyfuse.com. Here is a picture of the banners that are going to start showing up in stores soon:

When everything comes together, watch out...

2bgop · 02-02-2013, 18:11

Quote:

Originally Posted by arizona_andy

While I believe that this company will be highly successful, I do still urge you to do your own research as well. I view this one as a longer-term investment, not something that might shoot up 200% next week. The potential is huge here, and honestly I'm not sure why we aren't higher yet -- but it's probably due to the fact that they haven't much to show in the way of revenue, yet. Power/ElectroFuse aren't in stores yet, but they have already shipped the product to DSG and we are expecting CVS to be another location where it will be sold as well.

Their products are real and they do work. You can try them for yourself by ordering from poweredbyfuse.com. Here is a picture of the banners that are going to start showing up in stores soon:

When everything comes together, watch out...

I don't spend a bunch of time researching stuff like this, I drop a few a k and see what happens. I have professionals handle my retirement, I swing for the fences with amounts I can lose.

hd67xlch · 02-04-2013, 08:34

Quote:

Originally Posted by hd67xlch

I bought 30,000 shares of MJNA a few weeks ago at .09 cents a share, today it busted .30 cents. This is just a shot in the dark that the medical or non medical marijuana industry booms, who knows but its worth a shot with it being a relatively small amount of my investments.JMO

MJNA up another 25% this morning on high volume again, dont know why its being bought up like it is, but the volume has been out of the world the last three trading days.

arizona_andy · 02-12-2013, 08:37

Did anyone buy DROP? You could have been up 20-30+% by now.. just sayin

USMCsilver · 02-12-2013, 09:09

Quote:

Originally Posted by hd67xlch

MJNA up another 25% this morning on high volume again, dont know why its being bought up like it is, but the volume has been out of the world the last three trading days.

Just purchased 500 shares.

Quote:

Originally Posted by arizona_andy

Did anyone buy DROP? You could have been up 20-30+% by now.. just sayin

Just got 1,000 shares.

Hopefully these go somewhere. The account used on these was my kid's Coverdell ESA. Maybe it'll pay off in 14 more years.