or Connect
HotStockMarket › Forums › HSM Stock Forum › Penny Stocks › Penny stocks success stories?
New Posts  All Forums:Forum Nav:

Penny stocks success stories?

post #1 of 41
Thread Starter 
Hi, can anyone give a good examples of penny stock success stories. What are some companies (and start up companies) that had their stock at 0.01-0.05 and grew to $1 or higher.

Are penny stocks bad long term investments?

Thanks for help guys.
post #2 of 41
CSHD LOL.... they ran from 16 cents to 4 dollars... was a scam though.

A super very high percent are just scams. I can not think of any that went from 5 cents or less and went to dollars and stayed there.

Hoping TDCP does one day. But certainly am not holding my breath
post #3 of 41
I agree with Bigcat, any legitimate company that starts off will never start selling in the pennies, and any legit company that falls below $0.10 is considered doomed and ready for bankruptcy
post #4 of 41
Bought into QMNM at .0014 - got out just short of the high of over .07. Unfortunately I got so excited I listened to a board member and moved my stash over to MODI - now MEDV and it tanked faster than QMNM went up. Do your own research and understand that you don't invest in pennies, you trade them and take profits when they are available.

Biggest learning experience I have had so far.....
post #5 of 41
Quote:
Originally Posted by Bigcat View Post
CSHD LOL.... they ran from 16 cents to 4 dollars... was a scam though.

A super very high percent are just scams. I can not think of any that went from 5 cents or less and went to dollars and stayed there.

Hoping TDCP does one day. But certainly am not holding my breath
Question. If I had invested in CSHD - ex. 1000 @ 16 cents and cashed out at 3.50. Would there be any problems receiving my money? Or is the tranasction declined.

Thanks.
post #6 of 41
SHRPQ went from .007 to .19ish the other day
post #7 of 41
Quote:
Originally Posted by Bigcat View Post
CSHD LOL.... they ran from 16 cents to 4 dollars... was a scam though.

A super very high percent are just scams. I can not think of any that went from 5 cents or less and went to dollars and stayed there.

Hoping TDCP does one day. But certainly am not holding my breath
TDCP TDCP RA RA RA!!! i think this will EXPLODE once they do something VALID with their tech. Just got a agreement to lease their tech to another company.

Overall their idea is very sound.. and have moved along quite nicely.
post #8 of 41
there was many, many huge penny stock success stories on the canadian xchange (venture) Most of which were resource based. one in particular went from a few pennies to a staggering high of 19$ GXS (coal). It has since dropped I do not follow it but down to 3-4$ range. Similar stories were played out earlier this year as .10 names rose to prices 2$,3$,6$ and more. Again many were gas,oil, potash, coal, etc. You were seeing 500%,1000% gains on quite a number. Now in todays makret all these are trading back where they started. some of them do have very promising assets but the conditions for financing and the lack of a resource bubble have ruined hopes for these companioes for the time being. Penny stock trading can be wildly profitble if you are LUCKY and careful. Its hard to be careful, and still hold for the once in a while 700% gain. LEt me tell you from experience. You will end up getting burned in the end on one of them regardless of how good you are. I cant say I recommend penny stock trading.
post #9 of 41
i too bought into qmnm @.0020 sold at .035 ( a day to soon.,next day went to .07 ) so i did really well on that one..
and htog ive did pretty good on.....I had No problems getting the money from those two..
BUT I have ALSO LOST on a few.....
but as stated "dont invest in pennies, you trade them and take profits when they are available."
post #10 of 41
pennies are more for the day trader, no?
post #11 of 41
Thread Starter 
Thanks everyone for your stories.

So if a start up company offers a .01-.05, then this is a bad investment.

But what if it's a established company, the stock was at $2 but it dropped to .05, if I do my research and think is good, if the company has good management then maybe this would be a good investment since it may go up to $1?

Thanks
post #12 of 41
nvtimports - I myself joined HSM not too long ago. Use my story today to put some perspective on things. Look at stock symbol BNPD's gain today. I bought in at .0008 big this morning around 10am cst. I go to lunch today and checkand it's up BIG. Oddly enough while my insides are screaming take the green, the other side said let it ride. I also find this company interesting (which one doesn't these days) - Think of penny stocks as Six Flags and which ride do you want to get on today. Also, when will you have enough fun with BNPD and move to the next roller coaster ride? When I make a positive gain and I sell, I see it as it's money I didn't have before and after time this can add up quickly. My job allows me to be near a computer 8 hours a day. I can keep an eye on this for day trading and it def helps. I believe in getting in and out while on occasion, letting some ride.

That's my story and my .0002 cents.
post #13 of 41
Quote:
Originally Posted by ^^NaS^^ View Post
SHRPQ went from .007 to .19ish the other day
Why didn't you post it so we could have all gotten in on the deal?
post #14 of 41
I got in AERP at .014.....it went to .032...I held thinking it was going to go to .10...It later dropped to .000land. Never again will I be greedy.
post #15 of 41
A very bad myth that sucks a lot of new traders into penny stocks is that many good companies start out as penny stocks. Most good companies start small and go public at a later date. If their company is so good, they can get private investor money, they don't need 500$ from traders.
post #16 of 41
Quote:
Originally Posted by tripnstocks View Post
Question. If I had invested in CSHD - ex. 1000 @ 16 cents and cashed out at 3.50. Would there be any problems receiving my money? Or is the tranasction declined.

Thanks.
Should be no problems. Your broker makes the exchange as soon as you but and sell. So the money is in your account right away.

Trading scam stocks can be very profitable. But you can also get burned if the scam gets exposed and stock halted when you least expect it. I lost 4k of CKYS LOL... Made more on other ones like CSHD even though I knew it was a scam to begin with.
post #17 of 41
At the same time a lot of people lost a lot of money in the last year with normal stocks trading on the main exchanges.
post #18 of 41
Quote:
Originally Posted by Billieg2 View Post
Why didn't you post it so we could have all gotten in on the deal?
I did post...check out thread on SHRPQ
post #19 of 41
I made 600% on SPZI in Sept 07 when it went crazy.
post #20 of 41
Great thread. My best gain was $480 in EIGH made me $7,000. I bouht @ .002 and sold @ .055, later the company was tanked by is CEO.
I've had a few doubles in Gold miners back last year. Best advice I've learned the hard way (as others have stated)
- Take profits -
- Don't be greedy (or you'll lose big!)
New Posts  All Forums:Forum Nav:
  Return Home
  Back to Forum: Penny Stocks
HotStockMarket › Forums › HSM Stock Forum › Penny Stocks › Penny stocks success stories?