- - We start our picking process by looking through the
stock message boards
for something of interest; paying particular attention to reports of "low
floats". About 98% of these postings are eliminated
- as just boasts, or as someone trying to "shore up their own losing
stock". If you follow our plays you will see that sometimes they neither
follow the fundamental or daytrading style of investing. Gold Pennies'
style could
- be called all three: fundamentalist, daytrading, and
contrarian. A contrarian often buys out of favor stocks at bottom prices.
- We next look through the quarterly reports on Yahoo
for strong company growth.
-We're very interested in wireless technology and are
nearly certain that the future of television will be 3-D T.V., only made
possible by high definition television...Read about high definition T.V.
at: HDTV and
a company that is in the forefront of 3D television at: 3DTV
.
-Next, when we find those stocks in the $2.50 and under
range that have potential of giving us a 30-40% short term gain, we
put them on our list and just watch their charts.
- -At the same time we are looking for short term gain,
we look for long-term "holds"., that have the potential in 1-2
yrs of being a $20.00-$35.00 stock.. Remember tax on stocks (gain) you
hold over a year is less than for those bought & sold in less than
1 year..So..look to compounding your small winnings into buying these long
term "winners"...Long term "winners" should be fundamentally
(good books & management) sound...
...We look for a pattern of a sustained upward motion
- the best is a temporary sideways motion (alligator) and dip down from
that upward motion due to no real good reason. We're likely to buy in when
the small downwards dip turns up..
- At Yahoo we check out Insider Trading for the stock
we are interested in...If there are many recent insider sales - we just
eliminate that stock from our list....
- Any hint that the company shows poor management like
they have suggested a reverse stock split and that company is gone nearly
forever from our radar screen. We think poor management
goes hand-in-hand with reverse stock splits.
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- Important Notes:
- - Set your alerts/forget them until alerts
go off - don't chase up /wait till comes down
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- - Buy penny stocks with a point zero before
all numbers from 1 penny to 9 pennies (i.e. $.05 is 5 cents). From
10 cents and up put a point in front (i.e. $.105 is ten and a half cents).
Use fractions to simplify. 1/16 equals (100 divided by sixteen) or $.0625
cents (six & 1/4 pennies)...If you don't think this is important,
watch how quick you will be able to buy a stock trading at seven and a
half cents ($.075) for seventy five cents (or $.75)...Double and
triple check your offers before you place them!!!
- - People new to penny stock trading
should first spend some time reading at "Penny
Stock Tips for New Investors"
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- AT GOLD PENNIES
alerts are set for the
following:
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- 1. once the alert goes off we will evaluate again
before buying
- 2. alert price below is preceded by an asterisk.,
i.e. ACMI - *$.75
- 3. Profit/loss figures below are after brokers commission
- (E*Trade $19.95 x 2 (buy/sell)
- - You'll see "GTC"
below. Means "Good Till Cancelled"..Use it!
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- Check out these stocks below for yourself at our Penny
Stock War Room
- click on any symbol in scrolling ticker
below to see more info
- ACCR - bought
1800 shares on 4/16/99 for $.520.
- sold 1800 shares 4/19/99 for $.75. Made: about $400.
ACMI - *$ .75
- ADGI - bought
17000 shares at $.04 on 4/21/99 (see our alert)
- *note though - ADGI has lousy fundamentals--but "impulse
buyers" will
- probably "push up"...ADGI is as risky as it gets....
- 5/3/99 - placed GTC order to sell 8500 shares
at: $.065
- 4/20/99
news
- AGRS
- 5/20/99-purchased 17000 shares at $.36
AHOM - *$ .75
ATSM - *$ .55
AVBC - *$ .50
- BICO - bought
10,000 shares 4/22/99 for $.9375..
- sold 4/27/99 for $.125 - Made: $250
- presently running - expect to fall back like last year - watching
- (first big failure this year - as it hit $.25 after we
sold - should of watched
- closer because we made a lot of money in 1998 on BICO
when it did the
- same thing and ran in early 1998)
BOSTQ - *$ .50
- CAOL - reportedly
a low float -bought 800 shares on 4/19/99 for 1 1/4
- outlook: hold long term..expect some
ups & downs (was KYOM)
- new
news 4/22/99
- CDNO - *$ .075..reset
down from $.10
- *CQMT -
- already owned 400 shares (bought at @$2.12 on 4/6/99)
- 5/5/99 - purchased 300 shares at $2.85
- long-term holding 700 shares
- new
news 4/22/99
- 5/5/99
- news/agreement with Japan
DMRI - 5/11/99 purchased 28000 shares at $.025- 5/11/19 - placed GTC order to sell 20,000 shares at $.07 cents.
- DRIP - 5/3/99
- purchased 10000 shares at $.07
- (that's seven cents)
- 5/7/99 - GTC order to sell 5000 shares at $.15
cents
- (that's 15 cents)--intend to hold 5000 paid for shares long term
- ECGO (symbol
changed from: ECGOF -5/6/99) -
- 5/3/99 - purchased 500 shares at $1.28
- "ground
shattering news-backlog $300 mil" - 5/5/99
EDII - *$.15..noted
insider sales/we'll look again at $.15..risky
EGPDF - *$ .75
- ENZH - 5/6/99-5/13/99-bought
137000 shares between
- $.010 - $.012 (few at $.017)
- 5/17/99 - placed GTC order to sell 107000 shares
at $.0175
- GARD - read alert
- just watching closely
- 4/21/99
news
- GCHC - 4/26/99
bought $800 at $1.25
- 5/17/99 - sold 600 shares at $1.468
- GPRV
- Symbol changed to TXCI - see below
- GRAR - 5/14/99
- bought 37000 shares at $.015
- HAYZQ - 5/7/99
purchased 7600 shares at $.085
- 5/7/99 - placed GTC order to sell 3800 shares
at $.17
- HOPR
- 5/14/99 - bought 36000 shares at $.0159
- IASCA - cancelled
order to buy 5/3/99..
- ININ - 5/17/99-purchased
3000 shares at $.205
- KYOM - symbol
changed to CAOL (see above)
- LAKO - 5/12/99
-purchased 4100 shares at $.17
- 5/12/99 - placed GTC order to sell 3000
shares at $.25
- 5/20/99 - sold 3000 shares at $.25 (holding 1100
shares/free)
- Based on new news about getting into Wireless market.
MABXA - *$ .75
MEDD - *$ .50
MGLN - 5/6/99
placed GTC for 1500 shares at $.50
- MHTX - working
on a special "micro fuel cell".
- Read more. 1st,
2nd, 3rd
.
MIOA - *$1.45
MUCP - *$1.25
- NIAR - 5/21/99 bought 30,000 at $.020
- 5/21/99 - placed GTC limit order to sell
30,000 at $.035
NPEC - *.055
- NVID - 5/11/99
- bought 4800 shares at $.105
- (that's ten + 1/2 cents)
- 5/14/99 - placed GTC order for 7000 shares
at $.085
- (that's eight + 1/2 cents)
OKTI - watching
closely
- OPMK
- 5/10/99 -
purchased 2600 shares at $.26
- Note: this is a pure speculative buy on
our part!!...like
- many, many others...
- click on symbol to see 5/6/99 news
- PABN - *$.075
- bought 15,000 shares on 7/17/98 for $.056 cents.. bought 17,000
- shares on 7/28/99 for $.056 cents again. On 4/19/99 bought 7000
- shares for $.156 cents. On 4/21/99 bought 5000 shares at $.937.
- didn't like the resistence to going over $.13 on 4/26/99...
- sold 44,000 shares 4/26/99 for $.125 - Made about $1,800..
- 4/26/99 put in GTC order in again to buy
14,000 shares again at $.075 cents
- PDIM
- 5/3/99 - purchased 1100 shares at $.70
- PLCO
- bought 800 on 4/22/99 for $1.20
- outlook: hold long term..expect some
ups & downs
- 4/15/99
news
- PVAT - *$2.00
- **TCLN - $ ..75
..may have financial problems..but also may
- be on to something vis-a-vis, a cure for cancer.
- Read more at: TCLN
- TCMM - 5/17/99
- purchased 650 shares at $.85
- TNRG -
- bought 4000 shares TNRG on 2/3/99 for $.25
- Sold it 4000 shares on 4/15/99 for $.9375. Made about $2,500.
- 5/19/99--bought 2000 shares at $.375
- 5/21/99--placed GTC order for 2800 shares
at $.25
- 4/22/99
news
- TSTF - *$1.00
- reset alert down from $1.15..put in GTC
- order for 500 shares at $1.00 (GTC)
TTRIF - placed
GTC order for 7500 shares at 1/16 ($.0625)
- TXCI - 5/7/99 -purchased 1800 shares at
$.37
- 5/21/99 - sold 1000 shares at $.57
USDI - *$1.25 (reset
alert on 4/28/99 from previous 1.50)
WAVC - *1.75
- WLGS -
- bought 6000 shares on 1/6/99 for $.156 cents
- sold 3000 shares on 3/31/99 for $.21 cents
- bought 1400 shares on 4/19/99 for $.75
- sold 1000 shares from $.75 lot above for $1.40. Made about $596.00
- 4/29/99 - sold 2400 shares for $3.01. Made about $7,200
- 4/30/99 - sold 500 shares for $2.34. Made about $1,100
- 5/3/99-Bought another 600 shares
at $2.65 - see 5/3/99 news
- -holding 1100 shares (5/3/99)
- -5/4/99 - bought 300 shares
at $2.55
- -5/5/99 - placed GTC order to sell
400 out of 1400 shares at $2.70
- -5/18/99-purchased 300 shares at
$2.03
- Penny Stock ALERT issued to free
subscribers - 5/3/99 - regarding
- recent appraisal indicates WLGS
worth has doubled to $80 million present
- value and $350 million future value
- new
news 5/3/99
- Note: we alerted all our free subscribers to WLGS
when it was trading at $.15 cents
- in Dec 98..today (4/28) it hit $4.00
- WOTD -
- bought 9000 shares 3/3/99 for $.07 cents
- sold 4/13/99 for $.218 cents...Made about $1,275.00
- 4/28/99 - bought 11000 shares at $.085
- 4/30/99 - bought 8500 shares at $.095
- 5/7/99 - placed GTC order to sell 8500 shares
at $.19
- 4/20/99
news
WTT - *1.65
- WWWC - 5/20/99
placed GTC order for 600 shares at $1.55
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| Final Evaluation:
We like to see assets at least 2x liabilities, but we
make a lot of exceptions.
Cash on-hand is another factor that helps in our decisions.
..We won't go chasing. We have the "patience of Job"...
It's best to do your new crop of picks after the quarterly
financial reports come out...
- ALL THE FREE RESOURCES YOU NEED TO EVALUATE A STOCK ARE
LOCATED IN OUR "Penny
Stock War Room"
*NOTE: already own a lot of CQMT...Will buy more if it
falls to $2.50..
**NOTE: evaluate this closely. There are signs of financial
instability.
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