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Penny stock promo buying tips/strategies

post #1 of 12
Thread Starter 

I was wondering if anyone had any tips or strategies for buying the big promotions early.  Position sizes to get a good fill, how to be prepared, etc.  Likewise, any tips or strategies while selling. Anything would be greatly appreciated. I've tried to research info on this subject, but seems like there is not much on this topic.

post #2 of 12

If you are playing poker and you are wondering who the patsy is... You are the patsy.

 

When it comes to pump and dumps, if you are getting your "valuable" information from some newsletter, congratulations, you are the one being dumped on.

 

 

post #3 of 12
Thread Starter 

Well that was awfully kind of you.  I understand what a pump and dump is, however I see them as opportunities.  If you believe that money can't be made on the 15 or so big promotions every yr, I'd say you're naive or stubborn. I've wasted my time scanning for unusual volume, identifying big block trades and accumulation and trying to speculate on when they will hit and who will promote them.  I'm more interested in playing the confirmed AwesomePenny and PennyPic Promos.  I would really just like advice from someone who has played these or from someone with more experience than myself.  This is just a hobby for me.  Im young, have some spare cash and time, and it really interests me.  

 

I understand that you think i'm gullible and unintelligent, but I would really still appreciate advice about what I inquired about.  Thanks for your time.

 

 

 

 

post #4 of 12
Quote:
Originally Posted by CajunTrade View Post

 Im young, have some spare cash and time, and it really interests me.  

 

 

 

 

You are the demographic that pumpers target. Im just trying to warn you now before you take the hit.

 

There are a few traders here that do well on penny stocks, but thats only after many years playing the game.

 

I strongly advise against doing what you are thinking, 95% people in your position lose their money.

 

If you are really set on this course of action, then go ask Kevin and track his system: http://www.hotstockmarket.com/groups/show/10/penny-stock-breakouts

 

 

post #5 of 12
Quote:
Originally Posted by CajunTrade View Post

Well that was awfully kind of you.  I understand what a pump and dump is, however I see them as opportunities.  If you believe that money can't be made on the 15 or so big promotions every yr, I'd say you're naive or stubborn. I've wasted my time scanning for unusual volume, identifying big block trades and accumulation and trying to speculate on when they will hit and who will promote them.  I'm more interested in playing the confirmed AwesomePenny and PennyPic Promos.  I would really just like advice from someone who has played these or from someone with more experience than myself.  This is just a hobby for me.  Im young, have some spare cash and time, and it really interests me.  

 

I understand that you think i'm gullible and unintelligent, but I would really still appreciate advice about what I inquired about.  Thanks for your time.

 

 

 

 



 

No, you don't understand. StockJock was blunt but he's really trying to help you. I don't recall the exact number but most traders don't make any money and a lot are cleaned out within a year. You will only lose money if you try to play the game and I don't care how intelligent you are or what schools you've attended.

 

Most of us reading this know how you feel because we feel the same way. Trading is addictive and I know regardless of what we say you're going to trade anyway. Your best bet is to go here.

 

http://www.hotstockmarket.com/groups/show/10/penny-stock-breakouts

post #6 of 12
Thread Starter 

Thanks for your reply.  I guess it's hard to gauge who's on the other end of the computer when dealing with online forums.  I, from lurking on these forums, estimated that StockJock-e has a high stock market "IQ", however he knew nothing about me and assumed the worst, and rightly so.  I'm sure my question seemed a bit ignorant.  It being poorly worded didn't help either.  

 

Really, I was wanting advice on dealing with buying/selling larger position sizes.  My account started small, and smaller positions were much easier to manage when I wanted to get in and out.  I was able to get my whole order filled, and was able to get a AON sell order as well.  It was all very easy.  However, managing larger position sizes is something I never had to deal with.  With these large promotions from "the big 3" even though I'm well below 1% of $Volume, I'd still like to be prepared incase I can't get filled or if people keep slapping the ask, something that obviously happens alot with the hype an manipulation that comes with these promos.  

 

In my mind I assumed I would have to set my limit order a bit higher to get as much of my position filled as possible. 

 

All in all, not sure exactly what I was trying to get out of my initial question.  I was getting frustrated for not being able to locate the information I was looking for.  

 

I did check out the link you provided and took the information from it that I could.

 

Thanks for your time.

post #7 of 12
Quote:
Originally Posted by CajunTrade View Post

 

Really, I was wanting advice on dealing with buying/selling larger position sizes.

 

 


You are asking about liquidity.

 

This is a major issue and a big reason why most of us do not bother with penny stocks.

 

If you your buying or selling moves the bid and ask because the stock is that illiquid, then there is a big problem.

 

You need liquidity. Welcome to the big boards. AAPL has all the liquidity you need.

 

 

post #8 of 12

I played with penny stocks I put $500 in it I stopped when I had $25 left over.

post #9 of 12

What these guys are telling you is true. Penny stocks are killers. They are the purvey of 'pump and dumpers' who spend weeks loading up cheap, talking up the stock, running it up as newbies load up on shares, then cash in which causes the house of cards to collapse...very quickly and violently.

post #10 of 12
Quote:
Originally Posted by CajunTrade View Post

Well that was awfully kind of you.  I understand what a pump and dump is, however I see them as opportunities.  If you believe that money can't be made on the 15 or so big promotions every yr, I'd say you're naive or stubborn. I've wasted my time scanning for unusual volume, identifying big block trades and accumulation and trying to speculate on when they will hit and who will promote them.  I'm more interested in playing the confirmed AwesomePenny and PennyPic Promos.  I would really just like advice from someone who has played these or from someone with more experience than myself.  This is just a hobby for me.  Im young, have some spare cash and time, and it really interests me.  

 

I understand that you think i'm gullible and unintelligent, but I would really still appreciate advice about what I inquired about.  Thanks for your time.

 

 

My advice, if you're really looking to get in pumps before they happen... go back to scanning.

 

It's in the volume, the patterns are there. This is really the only way of getting in before they happen.

 

 

But I would advise against penny stocks as they're all BS companies and not worth the time. There are better alternatives out there.

post #11 of 12
Quote:
Originally Posted by jbegan View Post

What these guys are telling you is true. Penny stocks are killers. They are the purvey of 'pump and dumpers' who spend weeks loading up cheap, talking up the stock, running it up as newbies load up on shares, then cash in which causes the house of cards to collapse...very quickly and violently.

well put
post #12 of 12
sure there is money to be made in penny's...but one would be better served playing the charts rather than the scam alert crap shoot
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