Thursday, May 10, 2007

Penny Stock Forums Update

You can visit us at http://www.pennystockforums.net
Just this morning I have been receiving messages that the site is not functioning properly. If anyone encounters a problem please message me and try to be as specific as possible. That way I can get tot he bottom of it. I have a feeling it is the server, but I can not be sure. I have not had a problem accessing the site and appreciate any feedback that can be provided.
We are starting our first stock picking contest this Monday. It will run the whole week. Please read the rules: http://www.pennystockforums.net/forum/forum_posts.asp?TID=173 The contest is not just to win money, but for all of us to gauge the stock picking talent of our members. I think we are all here to make money. As you can see with our latest pick PKTO, it is not always easy picking penny stocks. I can tell you to buy SMOD as $11.80, which I did, and sell now at $14.75, which it was recently trading at, but I have more of a challenge telling you when is a good time to buy and sell penny stocks.
Our next stock pick is currently being researched. Once again we do not receive one 'penny' for our picks. The majority of the time we do not even own a position in the stock that we pick. With PKTO Jimmybob opened a position at $.0018 and $.0019 and sold for a loss.
Finally I am going to start a new section on the site titled "Pennystocks Positions". Basically I will post what stocks I currently hold, the price I purchased them at, and the price I hope to liquidate the position at. I will specifically include all buys and sells and the prices at which I bought and sold. I am very successful at picking small cap regulated stocks such as ZIXI, SMOD, MEMY - search the forums for when I purchased these stocks. I bought MEMY at $1.56. Look at my chart at that time http://www.pennystockforums.net/forum/forum_posts.asp?TID=119&KW=memy. The stock has settled down to $2.15 but has traded much higher than that. I can help you profit in the stock market, but the bottom line is you have to know when to sell. I will have the 'Pennystocks Positions' available only to registered users of the site.
Lets research those stock picks. We hope to have many entries to the contest and good luck!

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If you are employing neither of those two elements, then the risk you run of eventually losing your entire Base Bank is 99.99%. On the other hand, employing only a good Selection System would not only reduce your risk closer to just 10% maximum, you would also have up to a 10% chance of making money. This would mean that the Bookies would suddenly be faced with a 10% possibility of losing to you long-term, rather than a 99.99% certainty of taking your money from you. Throw in a proper Staking Plan on top of that, and you will have increased your chances of winning to as high as 20%.

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