penny stocks... I was just researching this website called "awesome penny stocks". They buy alot of a certain stock then they promote it. It's not much different from those that go on BNN and promote a stock that they hold. The market is a self promoting mechanism.. your not going to say anything bad publically about a stock that you own.
Anyway those that have bought the suggestions of "awesome penny stocks" do very well when they buy as soon as they are alerted... which makes sense as this is the promotion stage. Like any investment half the trade is knowing when to get out. Penny stocks are easily manipulated and can be very volatile... we have seen that with EKG but it is the very nature of the venture stocks. Some companys go on to succeed greatly and of course their stock would show the success thru their SP.
I have over many years seen my share of losers and winners... i have always found that if you buy early during the promotion phase that your chances of making money is greatly increased. After a big run up most stocks have the profit taking which can easily be as much as a 50% decline. At this point watching the volume and what insiders are doing gives you an idea whether the stock will see more buyers come in.
It's always great to make money, but remember to take some profits as that's the reason you bought in the first place... to make money. I often sell a stock to quickly but i'm thankful for the profit i receive. Never get emotional about a company (never get married to it)... cause it doesn't love you back.. lol..
When you find a hot play like EKG just watch it closely cause you know that the next spark will most likely cause the same buying as we saw earlier... it could even take it to new highs.
I hope all owners of EKG will make alot of money... just remember any profit is good but protect yourself against large losses.... taking profits along the way is the only way of ensuring you make money!
have a good weekend!
goldtoe.