Go Back   PCMech Forums > General & Off Topic > General Discussion

Need Some Help? Type Your Keywords Here:

Reply
 
LinkBack Thread Tools Search this Thread Rate Thread Display Modes
Old 01-31-2013, 06:15 PM   #1
The Preacher Man
Premium Member
 
SARGE's Avatar
 
Join Date: Apr 2000
Location: Dallas
Posts: 4,977
Penny Stocks

I once inquired about such and was given a warning by David to avoid, as they like to "pump & dump" and he is right. All the free newsletter e-mails you get saying to "buy". Boy, I asked too late but lesson learned. I will say that it can be a rigged game; having the right info and timing, one can reap when it becomes dumping time, actually right before. Have done nicely since but as David said, beware of "pump & dump".
__________________
"Don't be so open-minded that your brains fall out."
SARGE is offline   Reply With Quote
Old 01-31-2013, 06:55 PM   #2
Techphile.
 
David M's Avatar
 
Join Date: Nov 2003
Location: San Francisco Bay
Posts: 6,296
Right on Sarge. Who do you think these people are who are pushing these low volume, low float stocks? People who have already bought in and are going to sell into the buying that they create with their newsletters. People have the right to promote or to bash companies that issue shares of stock.
__________________
Asus P8P67 WS Revolution | Intel 2600K @ 4.7 GHz | Win 7 Pro 64 |8 gigs Corsair 1600 | Two Diamond 6990's in Crossfire| Corsair AX1200 | Thermalright Silver Arrow | Western Digital Black 2TB 64 meg cache | Lian-Li PC-A71B | Logitec Z-5500 | Three Asus 26" VW266H monitors running under Eyefinity |

Last edited by David M; 01-31-2013 at 08:31 PM.
David M is offline   Reply With Quote
Old 01-31-2013, 07:17 PM   #3
The Preacher Man
Premium Member
 
SARGE's Avatar
 
Join Date: Apr 2000
Location: Dallas
Posts: 4,977
Right-on David. A racket. If one knows how to time it, there is a profit to be made, if you can get past the $7 sell commission that is. lol. I like it when myself, et al, can boast we have 5000 shares in something we bought for dirt then goes even lower. All about timing as you say.
SARGE is offline   Reply With Quote
Reply

Bookmarks

Still Need Help? Type Your Keywords Here:


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -5. The time now is 11:14 PM.
Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2013, vBulletin Solutions, Inc.
SEO by vBSEO 3.6.1