TDGI holding my orders for lower prices, if .02's become available again I'll be buying huge chunks
Royal's Alerts & Watch List - Page 14
Why I think the penny market is difficult to comprehend for some
There have been a few runners recently that have shot up from .0001-.0009 area all the way to .004+ and a few of these companies have absolutely nothing going for them, no profits, management is dead, little to no information on pinksheets.com, but what they all had in common was the most important thing when playing penny stocks, share structure.
IMWL is a textbook example of a company that is dead, and yet it runs over 4,000% just because of it's thin share structure. BYSD was also a recent runner, but this had a story because of the all the oil related incidents happening around the world. I remember several months back watching BYSD go from .0024 area all the way to .0006. I kept my shares for a while but the stock never shot back up and I was in at an average of .0014 if I remember correctly. Anyways, I ended up selling a few months back for a loss and thought to myself what a perfect opportunity to load this stock at triple zero range. If you pull up a 6 month chart of BYSD you can see it had small spikes in the stock from triple zero area to .002 and it was done on tiny volume because it is a thinly traded stock.
IMWL is another stock that I unfortunately sold before the big run. I picked it up in early November when I seen it was getting volume at .0003/.0004 and decided to hold it, I held it for a couple of months but then decided to sell before the run happened. IMWL is practically a dead stock but it soared over 4,000%. APRU was another stock, ironic how it went bankrupt with APRUQ and then a few days later came out of bankruptcy.. only in the penny market.
Anyways, the thing I realized early on.. is penny stocks are not always about the company financials, profits, revenues, etc. In fact, most of the time those don't even matter, consider them void. Most people don't even look at that, if theres a story and a nice share structure you may have yourself a winner.