Stephen Cooper

Biz

lost said: "like i have said on the old site i dont have much money to invest and like stocks arond .5 so i can hit large ganes with little movement. but didnt know if this stock looked good or not it went up over 40% two days ago but is now back down a bit. but dont i dont really know what to look for in a stock like this to deside if it has good short play. i hit bpur in .36 and out .62 and this is my second stock dont know if i should sell for a loss or see what happens."

AlfredSokol said: "5 cent stocks don't give you a bigger gain than $100 stocks. your return on capital is the same no matter how many shares you buy: [code] 100 Shares at $100 = $10,000 if you get a 30% gain, you have $13,000 10000 Shares at $1 = $10,000 if you get a 30% gain, you have $13,000 [/code] Why limit yourself to only the bottom-performing companies in America?"

lost said: "yea but if a .50 cent stock moves .05 it is a 10% gain and if a $100 stock moves .05 it is a 1/2 of 1% change. as i said im new but dosnt that look better?"

AlfredSokol said: "Consider why these companies are selling for a nickel. They're full grown companies that have made a lot of mistakes. Lot's of time it's ethical or legal violations that make a company end up on the [B]pink sheets[/B]. You can always try to play them for moves, but if you hold to long you're gonna be holding the bag."

lost said: "i guess i was just really happy with the return i got from BPUR and started looking for other stocks around .30 to .50 the thing is i really dont know where to look to find companies that i have never heard of to know what is about to take off."

misterjover said: "It sounds like you're going for your first tripple or quadruple-bagger. That's rather feasable with penny stocks, but the risks involved are tremendous. I hit my first when I bought a few hundred shares of PalmOne when it was 1.40 a share (that was back when it was just PaLm and it merged with HandSpring). Good luck, and I hope your DD brings you great wealth!"