http://pennystockgurus.blogspot.com/2008/06/qmnm-when-penny-stock-becomes-life.html
I wrote this back in June of 2008
Trading sub-pennies is usually the easiest way to lose your entire investment. Some people might ask "Why do people even bother buying penny stocks" and usually there is no easy answer. Realistically the only ones making money on a consistent basis are the convertible debt holders and the companies themselves through the selling of shares to investors on the open market.
But for the hundreds of penny stocks that end up sucking away someones hard earned money there is one penny stock that could change your life. Last year DLAV, LNGT, and AWYI fit that profile. These stocks soared from $.000's into the pennies, scoring huge gains for those lucky enough to buy and hold when the going was tough.
This year has seen a couple big gainers including EESO and GRMU, but what has occurred the last three trading sessions with QMNM could truly change someones life.
QMNM traded as low as $.0008 last week and you could have easily purchased a million shares at .0013 for $1,300. Those 1 million shares would be worth $72,000 at today's close. Can you imagine turning $1,300 in $72,000 in less than a week and your not a professional sports player?
Such is the allure of penny stocks. For the 100 that ultimately take your hard earned money, there are a handful that make that money back ---- and then some. Its what keeps penny stock traders hunting for the next big run and the reason why we love trading pennies.
So the next time someone asks you why you trade penny stocks, tell them to check out the ticker QMNM and let them know that a $1,300 investment would have been worth $72,000 in less than a week. I'm sure that will garner their interest.
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5 comments:
Very nice Guru! Would love to catch one of those type moves. I really like the $ Volume on TXMC from Friday.
I too held one of those before.
I unvoluntarily held the shell AZTC ($3,000) and in view of rumors of an RM I saw my 'investment' clime to $77,000. I did take out the original investment and some bits later but never cashed, believing it would make me in the very least >$350,000 based on 'rocksolid' TA.
Then instead of the RM came an RS and though I made good profit ($12,000) left me with an after taste ...
I believe pinks can make life changers, but only very few of them actually improve life (lol). So I prefer to adhere to your normal expressed philosophy of taking profits along the way.
I believe this is the true dilemma of the pink trader; a series of 'day changers' or play and wait for that one life changer knowing it might well blow up in your face.
Stil, I ove every minute of it and is so much more fun than the big boards.
when will u bring us the next QMNM, bob?:)
Next QMNM is INBG!
Go INBG!!!!
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