I just invested $10

Most penny stocks are fraud -- especially the "pinks", or bulletin board stocks. They're manipulated from start to finish, and very very few actually work...which isn't to say people don't make money.

Liquidity is another huge factor most don't talk about -- or know. A stock is only as liquid as the market makers allow it to be, and penny stocks are really susceptible to ill-liquidity.

For example, a stock might have a $26 bid, but it's only good for 500 or 1000 shares...I've literally seen bid prices bottom out with block sells.

The only real advice anyone should give/receive with these stocks: invest what you can afford to lose.

And don't believe the hype. Even when they whisper it to you over the phone. lol

Yep. dont invest anything you can not lose. If I had a K sitting in my stock account I would invest in it and watch for a 50% profit and bail.

Exactly! :thumbsup

need to find out if i can short the shit out of it lol

I too just invested $10. Wish me luck.

Go, Gary, go!

No offence Jay but that is pretty funny LOL! :thumbsup:1orglaugh

I just opened an etrade account for the hell of it and funded it with $100 before learning that you need a $500 minimum to start investing. Anyone use tradeking or zecco?

On June 18th, 2011 some people are going to be really happy, everyone else maybe not so much:


On January 18, 2011 the Company issued convertible debentures to debt
holders to issue shares at $0.0075 per share. A total of some 100,000,000 shares
are issuable at $0.0075 each to repay debt of some $752,572. A total of $623 010
being loans payable at July 18, 2010 was converted and the balance of $129,562
was loans payable to January 18, 2011.

I thought it was too.:thumbsup

. :thumbsup

This doesn't make sense. The average daily volume for the past 30 days was 60,973 shares a day. The average daily price for the past 30 days was $0.10 http://finance.yahoo.com/q/hp?s=ORFG...torical+Prices

To buy $50K, at an average price of $0.10 cents and with the daily volume of 60,973, you would have needed to buy EVERY single available share 30,486 (since you can only buy half of what is traded), for over 16 days straight to buy $50K in stock, because you would have only been able to buy $3,048.65 in stock each day. That means for 16 days, no one but you bought any. Since you bought another $50K "last week," that means for the past 32 days, you were the ONLY buyer.

:2 cents:

I think he is testing how stupid people are..... either to believe the scale of the purchases on such high risk stock or to blindly follow him in and give him his exit and profit.

There was no block of 500k sold, and the price would have hopped if there was a large order. No broker would spread out a trade for so little commission.

http://eccstyle.com/blog/wp-content/...ntingSheep.jpg

That or he bought in for a few hundred/thousand and trying to pump up the stock by getting a few idiots here to invest a few thousand so he can sell and make $$.

Full disclosure: I bought the stock in a 50k block to the original private investment group at < .10 a share -- and then loaned 50k towards to company as a 90 day loan for operations at a very nice yield.

This guys have made a grip and cash over and over. They will do it again.

That being said, it's risky. I (you) could lose everything, on the flip side - you can make a shit-ton if you time things right.

I have a good feeling on this one. If you have some disposable income you'd like to turn into more I think it's a great opportunity.

:thumbsup:thumbsup:winkwink:

I am pretty sure you are breaking multiple laws in this thread. :2 cents:

Going through the roof
 

I have a stock that's going to go through the roof any day now. I'd hold on, but have other investments to make. Contact me and I'll make you the proud owner of my 18,000 shares of Enron I bought at $.07 a share.

I don't know anything anyone else does or isn't public.

Research and decide for yourself.

It jumped over 100% in within the last 5 days. Sounds like we're in the "dump" stage of a text book pump & dump.

Enron
 

My Enron shares were paid for a bonus I had no idea I was going to get, figured it was better than placing it all on the Roulette wheel for Red, to double my money.
hey, sometimes, you just have to take a flyer.
Actually Enron had some good assets, Bankruptcy judges are too quick to sell. Had they kept some assets, I could have walked out at $1+ a share.
Canadian gold stocks have bee a scam since at least World War II. Probably since the 1st gold strikes of the 1800's.
Salted Mines, Pump & Dump, or it doesn't matter how big the gold vein is next door, you can be sitting on a rock pile while all 4 sides of you are are sitting on gold veins.

shorting now 250k

Swing of over 100% today, great trader for those with big balls!

Missed to boat of shorting by a year or two ;)

I had a friend of mine ask me to buy hffp or hppf I forget which symbol. They came out with a diabetic drug made from a plant and owned the patent.

He invested $10K... basically his families savings at the time.

Two weeks later the big drug companies petitioned the FDA to shitcan the new drug and they did.

One second after that his $10K turned into about $700. I told him to sell and call it a lesson learned. He said, what is the point at this point? I am basically pot committed (poker reference).

Flash forward two months and his $10K was $24! It eventually went all the way to $7 and some change before it got de-listed.


But good luck!

A pump n dump happened to my ex bro in law. Classic case, he tried to get me to invest, he said he had the inside track, that these people were his friends and they would let him know when to get out. RIIIIIIIIIIIIIIIIIGHT...... he lost 10's of thousands in the stupid scheme, along with some other family members who were in on it. :2 cents:

take a look at the 2 year graphs ..

http://finance.yahoo.com/q/bc?s=ORFG...=on&z=l&q=l&c=

happened before to them .. they went all the way to 0.8

Some third party probably bought a bunch of stock, paid a bunch of penny stock newsletters to highlight the stocks "promise" will then wait a day or two for all the suckers to buy into it and then try to sell everything they bought for a profit. You can see who the penny stock newsletters are that pumped this stock today at the following URL:

http://www.pennystockrumble.com/penny-stocks/?p=1028

I put in a quick 1000 share limit order just for the fun of it...

Exactly, if you can't take the risk get out of the game...

:1orglaugh :1orglaugh

should change the thread title to "penny stock that will be worthless in about six days"

dropped 25%

weird site

comments on the left
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1
lovely balls
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2
u gon get peehole raped when this crashes

It's down 21% today...

SCLZ ftw!

remember you heard it here first

Yup and since it's a gold mine it's easy to find investors with all the big gold hype atm. For those who invested then best of luck on a big return.

well, now we are at the dump phase.

The cool thing about pennies is that you can only lost 100% and you can make 1000s of %

The bad news is that 99% of penny tips are worth about a penny or negative whatever you put in

Think of it like playing the lottery

I always wondered how those penny predictor websites showed such great track records. I think I get it now. Even if the price goes way up, you probably can't sell down fast enough to realize the actual profit? Is that it?