SMXT - Flashback Friday

I wrote this article in August 2007:

Wednesday, August 15, 2007

All you need is a few hundred dollars and a dream

We all trade penny stocks because they offer returns that are just not possible in the NYSE, NASDAQ, and AMEX. If you look everyday through the highest % gainers on the big board you would be hard pressed to find a stock that gained over 30%. Then again you would also be hard pressed to find a stock that fell over 30% as well. That is the thrill of trading penny stocks. You can make or lose a lot of money in a short period of time.

As I write this article SMXT is gapping up in the pre-market. The ask is at $.58 - to think at this time yesterday you could have purchased SMXT for $.005 - yes half a penny a share and now you cannot buy a share for less than $.58! Show me a stock on the NASDAQ that has run 10,900% in one day! If you were lucky enough to buy and hold SMXT at $.01 yesterday your investment would be worth over $50,000 right now! That is purely amazing and that is why we trade penny stocks.

SMXT will be on watch for the time being. Someone is very happy right now and I am sure a lot of people are kicking themselves for not buying when they had the chance. Either way it validates our love for penny stocks. One day you lose 50% the next day your stock goes up 10,900% and then continues to run the next day.