"Long" On Any Penny Stocks?

[kovyman1127]

Hey all...newbie here...just wanted to say hi.

Also, do you guys have any "formula" for newbies who want to try to go in long (or at least a few days) on some pennies....

Any help would be appreciated.

Kovyman

[keithsan]

Buy low sell higher. (best formula I can think of)

You may want to be quicker than a few days in the beginning, maybe 15 mins.

Don't buy pumps!....yet!!

No idea whats gonna run tomorrow yet. ARSC probably a nice swing off .04 could tap .03 first though.

Or are you loookinig cheap like a few bucks then SWRI is exploding. LBIX, AVNR on a swing.

Good luck and WELCOME!!

[kovyman1127]

My problem is...I work...and I don't have oppurtunity to "day trade" per se.

I only have about 10K in my account...and have just started being the so called "active trader" since the DNDN run of late...

[keithsan]

10k is fine.

if you spent 10k on a penny and it went up a bit, when you tried to sell, it would TANK.


You can make some nice bank swinging, just buy low, a runner may turn and you could lose A LOT.

A good stock at its bottom could run and make you a TON...

LOL sorry so vague but I'm watching some great stocks sit or turn down while some POS's ran like crazy.
Just figure their time will come...it usually does.

[kovyman1127]

Yeah....I guess I'm trying to think more "swing" with Pennies...and it's tough...

[keithsan]

Yeah....I guess I'm trying to think more "swing" with Pennies...and it's tough...


Heres a couple to chart, mentioned earlier. ARSC .04 nice price, might hit .03 though, last time we bought it here 100% gainer.

SWRI - not for a swing, could run could turn been flying.

LBIX buy off the 50 dma. 2.65 or so. If support fails, your only looking at holding next support maybe 25% less.

Reading news now, so nothing else yet.

don't put all your eggs in one basket....take profits- dont look back.