5 votes

What Penny Stocks Are You Watching/Investing in and Why?

I've been stacking silver and gold for a while now but I want to diversify and start gambling a little on penny stocks. I have to admit that I'm a noob to investing and as of right now I'm not 100% sure how exactly to go about buying stocks at all, let alone what to buy. So my first question is:

What is your preferred platform for investing in stocks?

Penny stocks are very intriguing mainly because they have so much potential for growth. While they can be volatile and I know I might be throwing my money down the toilet, I think that with some research I have about the same odds to double my money with penny stocks as I would gambling on professional sports or in local golf/disc golf scrambles, tournaments, and leagues.

Then again, I really don't know much at all about stocks in general. Can someone help me out?

What penny stocks are you watching/buying and why?

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anyone been paying attention to marijuana stocks since january?

insane returns... looking to do some quick trades with small amounts n see how it turns out. potential high reward with little investment

"When the people fear the government, there is tyranny. When the government fears the people, there is liberty."

-Thomas Jefferson

Yes - have been playing a few of them the past few weeks

unbelievable returns but I may be a bag holder on a couple of them.

"When the power of love overcomes the love of power, the world will know Peace." - Jimi Hendrix

any particular mj related focus??

There are so many aspect. growers, equipment, security, vending machines, etc... from what I can tell some of the 'research' companies seem kinda sketchy. They don't put much info out on their sites. Just curious what areas have worked. wish I would have thought of it before 1/14... not sure how I didn't think of it

"When the people fear the government, there is tyranny. When the government fears the people, there is liberty."

-Thomas Jefferson

I've had the best luck with

HEMP, ERBB, MJNA, PHOT, REVI, GRNH, CBIS

"When the power of love overcomes the love of power, the world will know Peace." - Jimi Hendrix

good deal

I have been looking heavily into ERBB as well as CBIS. Thanks for sharing

"When the people fear the government, there is tyranny. When the government fears the people, there is liberty."

-Thomas Jefferson

fireant's picture

I was ready to pull the trigger and hesitated just before this

last jump...rats. I'm not planning to trade; just buy and hold. I'll wait a bit and see.

Undo what Wilson did

I like to buy marijuana stocks, roll them up,

and pass them around the circle.

9-11 was a panda job.

fireant's picture

Do you light em

?

Undo what Wilson did

CPST

I like CPST because:

they actually manufacture something

they export it from California to the rest of the world, including both developed and "third world" countries that are developing (like Russia).

Their micro-turbines are being used in trucks, busses, and for air-conditioning, high-rises, oil/gas fields and platforms, stand-alone or on the grid.

When gas prices are high, their distributors sell to people who have waste gas (like oil companies, pig farmers, sanitation departments, and landfills), and when gas prices go down they sell to high-rise builders, and public swimming pools, and data centers (for back-up power, and combined heating and cooling as well as electricity generation).

If we have a dollar collapse, and the utility companies break up, I'll want to trade some gold coin for one of their turbines, myself.

What do you think? http://consequeries.com/

Litecoins

I like Litecoins as a speculative trade.

I bought it at $0.44 and seen the price go to $5.00 and stablize around $3.00

It's like Bitcoins with a few improvements but nothing significant.

Difference is that they use Script instead of SHA-256 making it more memory intensive and for now ASIC resistant.

So when ASIC's and Butterfly and whatever other mining hardware are delivered those miners with GPU's could move to Litecoins.

Also, The person who created Litcoins is in the process of creating more infrastructure to it. One idea I saw floating out there is to start Marriage Mining with Bitcoins. This will secure Bitcoins Blockchain even further as well as create a real use for Litcoins other than that which Bitcoin serves. If this happen I would expect Litcoins to trade around .15 to .25 Bitcoin.

Your return on investment would be in the 1000's of percent!

What I am watcing right now

I'm planning on moving some money back into the market next month, these are who I am watching and reading any news I can find about until then. I am in NO way making any recommendations, but I will be spreading my investment out from pennies to larger companies as you can see.

Kinross Gold Corp. (USA) KGC 6.41 +0.04 (0.63%) 7.32B 12.97M 6.28 6.42 6.16
Barrick Gold Corp. (USA) ABX 21.12 -0.17 (-0.80%) 21.14B 22.93M 20.95 21.63 20.83
African Barrick Gold PLC ABG 140.91 +0.31 (0.22%) 577.84M 989,928.00 138.9 145.7 137.2
Goldcorp Inc. (USA) GG 29.11 -0.17 (-0.58%) 23.64B 7.16M 28.84 29.15 28.65
Newmont Mining Corp NEM 34.28 -0.06 (-0.17%) 17.04B 9.01M 34.13 34.29 33.67
Silver Wheaton Corp... SLW 23.72 -0.64 (-2.63%) 8.41B 5.42M 24.07 24.25 23.49
AngloGold Ashanti Ltd... AU 18.14 +0.19 (1.06%) 6.95B 4.05M 17.89 18.29 17.8
Eldorado Gold Corp (USA) EGO 7.97 -0.07 (-0.87%) 5.70B 6.54M 7.98 8.02 7.79
Agnico Eagle Mines Ltd... AEM 32.01 +0.46 (1.46%) 5.53B 2.07M 31.27 32.02 31.07
IAMGOLD Corp (USA) IAG 5.28 -0.36 (-6.38%) 1.99B 15.91M 5.59 5.64 5.2299
Pan American Silver... PAAS 12.21 -0.73 (-5.64%) 1.85B 7.89M 12.78 12.8499 12.1
Coeur d'Alene Mines... CDE 14.19 -0.48 (-3.27%) 1.44B 1.69M 14.49 14.6 14.03
Hecla Mining Company HL 3.83 -0.11 (-2.79%) 1.09B 15.26M 3.9 3.94 3.7
Mag Silver Corp (USA) MVG 7.35 +0.03 (0.41%) 442.04M 61,705.00 7.25 7.43 7.02
Golden Star Resources... GSS 0.705 -0.017 (-2.33%) 182.59M 4.12M 0.72 0.73 0.666
Brigus Gold Corp (USA) BRD 0.663 0.000 (-0.02%) 153.43M 598,849.00 0.66 0.68 0.6322
SAN GOLD CORPORATION SGRCF 0.180* -0.020 (-10.00%) 67.05M 1.41M 0.197 0.199 0.1754
Dynacor Gold Mines Inc. DNG 1.29* +0.08 (6.61%) 46.79M 83,374.00 1.19 1.29 1.18
Geologix Explorations... GIX 0.095* 0.000 (0.00%) 14.15M 22,198.00 0.095 0.095 0.095
Timmins Gold Corp TGD 2.48 -0.07 (-2.75%) 357.33M 149,265.00 2.46 2.48 2.41
OROMIN EXPLORATIONS LTD. OLE 0.245* -0.015 (-5.77%) 35.72M 131,950.00 0.26 0.26 0.245
Teranga Gold Corp TGZ 0.710* 0.000 (0.00%) 174.39M 100,020.00 0.71 0.73 0.7
Sunridge Gold Corp. SGC 0.175* 0.000 (0.00%) 30.65M 82,320.00 0.17 0.175 0.16
SUNRIDGE GOLD CP SGCNF 0.161* -0.012 (-6.69%) 30.13M 21,700.00 0.1691 0.1691 0.1605
SANTACRUZ SILVER MINING 1SZ 0.952 +0.053 (5.90%) 5,000.00 0.951 0.977 0.951
Atico Mining Corp ATY 0.680* -0.010 (-1.45%) 27.04M 19,510.00 0.7 0.71 0.68
Confederation Minerals... CFM 0.175* +0.005 (2.94%) 9.67M 500.00 0.175 0.175 0.175
Allied Nevada Gold Corp. ANV 7.72 -0.41 (-5.04%) 693.94M 3.14M 7.97 8.09 7.66

Ammunition -- 9mm - 40s&w - 45acp - .223/5.56x45 -- www.ammopit.com
Bulk Components starting this month also with 223 bullets!

No.7's picture

I'm intrigued by the potential of penny stocks

I like to gamble, and I have limited knowledge of the stock market. That's why I'm interested in penny stocks.

I appreciate the information. Mining stocks look like a good bet for the future because the world has been using up above ground metal faster than it can be mined for a little while now. When a shortage occurs it should prove to be a bump for those in mining stocks.

On the other hand, I want to diversify my money away from metals right now. I'm looking more into the technology of the future. I would like to invest in hemp, hydroponics, energy, water companies...etc because I believe industries like those mentioned have a good future with lots of demand/money coming their way.

The individual who refuses to defend his rights when called by his Government, deserves to be a slave, and must be punished as an enemy of his country and friend to her foe. - Andrew Jackson

Good luck with your choices

I will stick to the metals for now, and some energy perhaps. I don't have any faith in the stock market in general which makes me more apt to stick with things I know or understand.

Ammunition -- 9mm - 40s&w - 45acp - .223/5.56x45 -- www.ammopit.com
Bulk Components starting this month also with 223 bullets!

Have you looked at Vista

Have you looked at Vista Gold? VGZ

It's not on my list

I add one here or there as I am going still though.

Ammunition -- 9mm - 40s&w - 45acp - .223/5.56x45 -- www.ammopit.com
Bulk Components starting this month also with 223 bullets!

I like it because it's a

I like it because it's a junior but traded on the NYSE, so it has good volume and trends similar to the GDXJ. Thought you might like to know. I own it, along with Asanko gold and Sabina gold. AKG, SGSVF

I checked it out

looks enticing. I see Sprott just did a bridge loan for them for $10mill on a new site. Thanks for the heads up on that one, it's in my lineup of watchers now. I will check out the other two as well, thanks again.

Ammunition -- 9mm - 40s&w - 45acp - .223/5.56x45 -- www.ammopit.com
Bulk Components starting this month also with 223 bullets!

No.7's picture

Buy low, sell high

I still don't understand why most people want to buy when the price is going up but want to wait when the price is dropping. Common sense tells me to do the opposite, that's why buying silver/gold is a good buy right now in my mind, even though the premiums are higher because of the price drop.

The individual who refuses to defend his rights when called by his Government, deserves to be a slave, and must be punished as an enemy of his country and friend to her foe. - Andrew Jackson

Pennies/otcbb/pinks are generally regarded as SHORT TERM trades

...NOT "investments".

Buy low, sell high sounds easy enough, but unless you have knowledge of the promo schemes so often prevalent in penny land and are in on the frontload, it's not always so easy to know which "low" penny stocks are going to move. Also, you'd want to make sure there is enough liquidity to get in and out quickly. When volume dries up, and that can happen quickly with them, it's easy to get stuck.

You don't want to be the one holding the bag.

No.7's picture

When I say low I mean literal $0.01 penny stocks

Mathematically $0.01 penny stocks offer exciting potential for fast gains in short term trades. I've been thinking about starting to put a little cash into different penny stocks each week to see if I can't make some extra money with it.

I honestly know little to nothing about stocks and I appreciate the advice. I'm probably better off gambling on the golf course or in online fantasy sports. I'm better than the average person at picking winners in professional sports.

I like to gamble, that's why penny stocks stick out to me because of their great potential to make money while only risking smaller amounts of money.

The individual who refuses to defend his rights when called by his Government, deserves to be a slave, and must be punished as an enemy of his country and friend to her foe. - Andrew Jackson

How do I buy?

I would love to learn how to buy Penny Stocks.
What are the top 20?
Im looking for something that may be able to help in my 'older' age, because we, like many others in this country, live paycheck to paycheck, and have no savings.

I believe in Hope & Change..I Hope the government will Change
Spindale-Rutherford County-North Carolina

No.7's picture

The first step is to find a broker

The cheapest one I've found is this one, https://oao.eoption.com/02a_login.aspx.

All the one's on TV like Charles Schwab or Etrade require you to put down a minimun of $500-$2000 to create an account.

I've been looking through the stocks listed here to try to find a winner. http://www.allpennystocks.com/aps_us/hot_otc_stocks.asp

The individual who refuses to defend his rights when called by his Government, deserves to be a slave, and must be punished as an enemy of his country and friend to her foe. - Andrew Jackson

Edwards/Jones

Had them years ago. And there was a stock I wanted..Martha Stewart..I knew when she got out of prison..her stock would go up. I wanted to buy it when it was under 4.00 a share. I went to my broker. He said he wouldnt do it..it was foolish. I went to the bank..same thing. Called a few others..Same thing. We had 500.00 to invest.
Sure enough..she gets out..stock goes up. I started calling those people and a few more..BEGGING before the stock went over 20 a share..Still..they refused. I told them I planned on selling right before it hit 50.00.(You do the math on what they cost us..cause we was going to pay our house off)
When it was all said and done...I was beyond PISSED OFF. I had the same thing happen a few years before that when I tried to buy gold & silver.
Right after that..we lost..EVERYTHING..(we kept our car..it was 2nd hand and paid for) Our house..then our apartment..husband lost his job..we was pretty much homeless for a long long time. We survived. Now we are paycheck to paycheck, living in a small apartment..so small, changing your mind is hard to do w/o turning sideways and sucking in. But..we're still here.Dont have 2 cents to rub together..but our bills are paid each month and we are thankful to God for pulling us through...but time to time I wish those brokers would be nice enough to rot in hell.
And thats why I want to learn how to buy and sell them myself.

I believe in Hope & Change..I Hope the government will Change
Spindale-Rutherford County-North Carolina

No.7's picture

Talk about some BS, that's ridiculous

But thanks for the heads up. I didn't know a broker would refuse to do what I want to do with my money.

I can see myself getting like Cartman on South Park saying something like "I am the customer, you are the service man. RESPECT MY FUGGIN AUTHORITAY!"
http://youtu.be/OAmJ4aWXEHc

The individual who refuses to defend his rights when called by his Government, deserves to be a slave, and must be punished as an enemy of his country and friend to her foe. - Andrew Jackson

The

Only penny to own right now is MJNA

No.7's picture

Word up for Medical Marijuana Incorporated

I'll definitely check them out.

I've been looking into some of the chinese companies. I figure any company working out of Hong Kong's free market conditions is bound to have a better chance to grow than businesses that work in the United State's over regulatory environment.

The individual who refuses to defend his rights when called by his Government, deserves to be a slave, and must be punished as an enemy of his country and friend to her foe. - Andrew Jackson

The

major reason I have this stock is because of the CBD side of it. I am using a 25mg cbd pill to control chronic pain. Within 10 days of me starting on the capsules I was out of 80-90% of the pain I had been in for the last 9 years. It works.

No.7's picture

Gotcha, thanks for the info

I do believe that the medical marijuana industry would be taken more seriously if it got away from smoking marijuana and more into edibles, cbd pills, marinol...etc.

I heard a doctor make a very good point about medical marijuana once. He said that he didn't advise smoking marijuana for medical reasons because it is very hard to get an accurate dose. This is because some strands/smoking methods/conditions of the medicine change the amount of the drug in the sample and because different strands have different cannabinoids. He said he would be much more comfortable prescribing medical marijuana if he could measure and prescribe accurate doses to his patients.

These cdb pills might be just the thing that doctor was talking about. I'll look into it, thanks.

The individual who refuses to defend his rights when called by his Government, deserves to be a slave, and must be punished as an enemy of his country and friend to her foe. - Andrew Jackson

An investment book suggested

An investment book suggested a better path, if you want to invest in mining stocks, is to buy ones with a price of over $10.00 and that have held that value for awhile. That leaves the larger mines which are more of a sure bet. It also narrows your choices making your job easier.