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Invisiblepinc
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Registered: 12/11/05
Posts: 55
Re: Stock Picks for January 3rd, 2008 - STJ, SGP, CVS [Re: Cowgold] * 1
    #8031008 - 02/16/08 12:08 PM (15 years, 11 months ago)

It is ALL about the penny stocks. Stocks that trade for UNDER a dollar. Blue chip stocks are pointless to invest in. Lets say I put $500 into a stock that was $50 per share, that's only 100 shares. So when that stock goes to $51, I make ten dollars. To double my money, the stock would have to goto $100, triple, $200. This is unrealistic, not saying it doesn't happen, but dollar stocks are not the way to make money. Penny, and sub-penny stocks are the gold mine. Lets say I take that $500 dollars and put it into a stock worth 1penny. That gives me 50,000 shares. So to double my money, the stock just has to goto 2cents, triple 4cents, etc. This is realistic, it happens everyday in the market.

If anyone is interested, my stock pick is BCIT. At the moment, their is a global lock on the stock and it is not currently trading, but soon this global lock will be gone, and millionaires will be born.


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