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The Street Converse with other investors about finance, economic and investment strategies. This is also the place to discuss SIRIUS XM company news and your favorite stocks.

 
 
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Old 01-27-2004, 09:15 PM   #1
id4rox
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Default Jumping in this penny stock tomorrow (hopefully)

TNTI. Had a great day today. Judging by my research, I feel this stock has one or two days of good roller coaster activity before leveling back out, based on the stock's recent history.

I'm very short term as you can see by jumping in penny stock action. Any thoughts on this? My prediction for tomorrow will be a nice dip (to .03 or .04) in the AM, then it will go back to the .06-.07 range for a sell.

Looking for some fellow advice. I know not many people here are in to this type or trading of such low valued stocks.. but perhaps I'll get a few good words before the market opens....

Brian
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Old 01-27-2004, 09:20 PM   #2
norymeoreason41
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Depending on how much money you have to throw away and how old you are, my advice is to STAY AWAY. If you absolutely HAVE to invest in penny stocks, only invest as much as you can afford to lose. Also, set your limit and sell then. Don't fall in love with penny stocks, they will almost ALWAYS break your heart.

Just my take...
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Old 01-27-2004, 11:48 PM   #3
id4rox
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Quote:
Originally Posted by norymeoreason41
Depending on how much money you have to throw away and how old you are, my advice is to STAY AWAY. If you absolutely HAVE to invest in penny stocks, only invest as much as you can afford to lose. Also, set your limit and sell then. Don't fall in love with penny stocks, they will almost ALWAYS break your heart.

Just my take...
Thanks for the advice. I started with $2000 and with XM and SIRI I have a little over $3500. I started in late september so I'm pretty new. I have a very solid game plan for tomorrow.. Investing $2850 in either TNTI or VAOM. I'll buy which ever hits my buy price first (TNTI - .03 or lower, VAOM .004 or better) and then sell at my designated price (TNTI @ .05+, VAOM @ .006+). Either, if successful, will net a good profit. I'm young and now is when I can afford to goof up and make mistakes. I am a risk taker. Wish me luck! Keep tossing your advice out.
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Old 01-28-2004, 06:09 AM   #4
The Interpreter
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Just don't risk anything on penny stocks that you can't afford to lose, as in ALL of it. You can make a killing. You can also take a HUGE bath. And transaction costs can eat you up alive if you ain't careful.

Remember, there is a reason penny stocks sell for pennies.
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