Anyone ever invest and gamble in penny stocks?

[JIBBBY]

My older brother talked me into investing 30 grand into penny stocks 20 years ago, I even diversified.. End result I lost everything and never tried it again..

Someone tell me a story that some one made a dollar investing on a long shot penny stock.

What are the odds that you pick up a massive company in it's infant stages? Someone tell me a story!!!

[jjgold]

Just like the bitcoin you lose everything

[JIBBBY]

I got hooked back in the day and that 30 grand was alot of money back then as a 25 year old just getting going in life.. I got hooked.. Funny thing is I invested in a penny stock called Crispy Creme donuts.. Put in 3 gees and I cashed out 6 months later when it dropped in half for a $1500 loss.. lol.. This was at the time I was done betting and gambling on penny stocks and getting into sports gambling instead...

That was one penny stock I should have held onto... That's the only story I got..

[Zenyatta 19-1]

Pvct..worked with a guy that said he knew someone from the inside of this company. He wouldn't stop talking about. Bought at 36 cents and it went up to 5.08 and I got out. Made 10k. Worst part is my sister and father dumped 10k each on it..2 days later it was dead. Think it is 7cents now

[stevenash]

I made 14k on a MGT.
Paid .50 or so a share, then McCaffee bought them out, shot up to 22 dollars.
Got out at 18 dollars.

[newton0038]

[packerd_00]

I remember a few years ago Dominos Pizza stock was dirt cheap,should have bought some at the time.Would be laughing right know.

[gauchojake]

you could have purchased Sirius XM less than 10 years ago for like .15 a share. I did but then sold it. I think I made like 20 bucks.

[Al Masters]

Buy now...Thank me later.

BIOAQ

Were trying to get back the company.

[jjgold]

only here the 1% winners

[Rich Boy]

99% of Penny stocks will end up bankrupt and wont even be listed on top exchanges in 10 years

The rare few that make it are like lottery tickets

Just short sell them and bank as they crash back to earth

[JIBBBY]

^^^Regret stories I'm reading.. Bunch of us have them with stocks we should have held onto.. Yep, you got in on any of today's big companies when they were penny stocks for even a few hundred bucks and you are a rich man today... Amazon, Google, etc.. forget about it..

Penny stocks are like playing the lotto in a sense especially if you don't have solid inside information on the start up company you are investing in...

[Rich Boy]

A couple penny stock home runs that made it recently

HEAR - gaming headset company that blew up from fortnite
NBEV, IGC - cannabis sector hype plays
ECYT, I - Institutional plays

But for every 1 that makes it I can give you 50 that end up on the pink sheets

Check out LFIN, crazy crypto stock that went ballistic last year, now delisted

[keely85]

Bit coin is tanking again, I imagine 99% of crypto will lose all or most of their "money"

[stevenash]

^
E-games are the next big thing

[chico2663]

have vdrm bought at .01 and sold at .06 . Made 5 grand. Bought back in at .0033. Waiting to dump.
Listen to my mom and bought in to vantange vtgdf. It is oil based company that I helped build oil rigs for back in the 80's. It just went thru bankruptcy and I think the owners are dilluting the shit out of it. I was hopeful on getting a dollar a share but with them playing games I will be lucky to get 20 cents. Hopefully they will buy the stock back. I also invested in a stock at 80 cents that got bought by chinese company at 8 dollars a share. Just something to do spending time. Now conversly brooks 85 gave out a stock at 7 dollars a share that is trading for pennies. You would have to ask either d2 or one of the guys because they love giving him shit.
I don't invest more that 1000 in any stock. I once bought trump stock for 7 dollars a share. Fukker kept writting himself more stock and selling it. I bought 3500. Now I think it is worth .0035. It is the shit that he gets to take the off his taxes. He lost nothing but gets to take the tax write-off of his investors.

[Ralphie Halves]

Hit my first one for a 10 bagger (DNDN), and it was the worst thing to happen to me.

Went on to play a lot more of them. But I had no money management skills, so even when I won I would end up losing.

Everyone thought the whole thing with BitCoin was so unusual. Penny stock traders see that shit everyday.

Learned a lot though. It helped me later on.

And don't fall in love with hot sectors. When I was just getting out, it was medical marijuana stocks. "Couldn't lose!" Most of them did.

[Goat Milk]

Some win, some lose

I invest in biotech because I believe in companies who are trying to help people.

I invested in Amarin at $3 a couple months ago. It's at $18 and change today, should go up to about 40 by some point next year.

I would look into TRVN @ 65 cents. Guaranteed FDA approval for their IV opiod by next year. Should bump it to $2.50.

CRMD at $95 cents. Neutrolin study halted due to extreme efficacy. Will be FDA approved guaranteed, not sure when though.

If looking for high risk high reward, look into GERN. 1.55 or so. Potential to go to $25 within 2 years.

[19th Hole]

Bought penny stocks one time.
POTN...made 14,855.97
One and done.

[Reload]

No but I worked for a company that was listed as a penny stock. We did so bad that it took a 10-to-1 reverse split to keep us listed. Shareholder vote was on Christmas Eve so no one would protest it. Just all got worse as it went along.

[iBetSo]

Bit coin is tanking again, I imagine 99% of crypto will lose all or most of their "money"

Good Short opportunities happening this week. Tanks aren’t always bad things.

[Grits n' Gravy]

^
E-games are the next big thing

One of them for sure. I'm just listening to friends advice on any investments in that sector as it really doesn't make sense to me.

Marijuana stocks will be up and down the next few years. I have done very well with a penny stock in the industry...MRMD. My dad had done some business with a few of the faces of company in the past and thought they might have potential over next 3-7 years. In early 2016 we invested a good sum in them at 14 cents a share. The goal he had in mind was $10/share. It seemed stagnant but I sold some last month at $5.65 when it jumped. Will hold the rest for a bit.

Aside from this one and a couple of minor profits, my penny stock track record has been shit.

[JIBBBY]

E gaming posts above reply ^ Gaming is big these days.. I agree.. Good profession to get into also...

The youth of today love the gaming.. It's so realistic now also, with weed becoming legal now in other Countries and States here in America it's only gonna take off more.

I could see those stocks doing well...