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Why Trade Pinks

post #1 of 8
3/8/09 at 7:56pm
Thread Starter 
When I go to the penny stock section, the overwelming percentage of the picks people have made, are down a lot. Very very rarely have I seen any of these picks go up. Are people simply throwing their money into the lottery with these picks? Based on what I've seen, it sure seems like it's the case.
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post #2 of 8
3/8/09 at 8:14pm
I agree with you on your permise and not a big fan of pinks.

But your statement

Quote:
"the overwelming percentage of the picks people have made, are down a lot. Very very rarely have I seen any of these picks go up"
Couldn't that statement also be used in general to the stocks of the main exchanges as well? Isn't every stock down on average atleast 50% since middle of last year?
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post #3 of 8
3/8/09 at 8:22pm
I have to also agree, pinks and otcbb's SUCK!
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post #4 of 8
3/8/09 at 8:39pm
Quote:
Originally Posted by TOMMYGUN View Post
I have to also agree, pinks and otcbb's SUCK!
Yep, they suck........... if you don't know how to trade them.
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post #5 of 8
3/8/09 at 8:40pm
Quote:
Originally Posted by dcinmd View Post

Couldn't that statement also be used in general to the stocks of the main exchanges as well? Isn't every stock down on average atleast 50% since middle of last year?
That's true right now in a very unusual market circumstance. But aside from the current "recession", under normal circumstances that would not be true.

But pinkies in general, under almost any circumstance besides any current pump-n-dump process, tend to lower down over time. Until the next P-n-D.
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post #6 of 8
3/8/09 at 8:42pm
they're basically the wild west of the stock market. They are so poorly regulated that I'll never touch them. I used to work for people that managed a few pink sheet companies....wow....the corruption....
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post #7 of 8
3/8/09 at 8:48pm
Quote:
Originally Posted by simonyadig View Post
Yep, they suck........... if you don't know how to trade them.
Yup...takes some serious skill to play them right
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post #8 of 8
3/8/09 at 10:07pm
Quote:
Originally Posted by mmm...Jaz View Post
Yup...takes some serious skill to play them right
I've heard a number of people say how hard they thought penny stocks were to trade, I see it as the opposite. They are much more predictable and therefore easier to trade, imo of course. I would probably never trade anything else if they were more scalable.
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