Sounds KLEVER to me.. have bagholders buy in to get their a**es handed to them...
LOL. The company has NO OPERATIONS. Now that's my kind of company.
that's what I sort of thought, no operations. what do *workers* there do?
So, does this mean that if someone were to have purchased stocks at $0.04 they could have sold them at $0.70 a few months later and made a mint? Out of curiosity, if someone had bought 10,000 shares at .04 ($400) what effect would that have had on the company at that time? What about if they'd have sold them at .70?
That would be a mint. I guess that the little bit I dabbled in these kinds of stocks never really ended up in a payload, so I tend toward more stable stocks that are selling for at least 5 a share. Not to say that money can't be made in these types, but I didn't have the nerve to sit and watch daily fluctations.. If it is working for you, then by all means keep it up!
I just need to be clear on something. If you have a lot of worthless stocks you need to dump, is it always an instant sell? Or do you sometimes have to wait. Thx but there are still things I'm not too clear on. (Maybe I should buy "The Stock Market for Dummies.")
In this case, your initial investment of 400 bucks would be worth 7 thousand bucks. That would be a huge profit! Stocks in the penny range, (generally considered to be a stock selling for under 10 bucks) involve a risk of capital, especially if under a dollar a share. Be sure to read recent news, etc. on the stocks that you are watching. Money can still be made trading large amounts of penny stocks you just have to know a little bit about what you are doing!
Normally you shouldn't have to wait long. Almost all of these stocks have sufficient liquidity.