Most of us have played with penny stocks starting out – especially when our account was small starting out.
Remember those wonderful and euphoric days? Ah…
Of course with the highs will come the abyss of abject horror and manic depression…
Nowadays I am a reformed speculator. Although I still dabble in S-chips and penny stocks for a good old swing trade once in a while, I’ve said goodbye to punting on “rubbish” penny stocks.
Recent events reminded me of those good old days:
MDR
Jan 2012 = $0.005
Apr 2012 = $0.15
3 bagger in less than 4 months!
$10,000 will become $30,000
TT International
Mar 2012 = $0.05
Apr 2012 = $0.17
3.4 bagger in less than 1 month!!
$10,000 will become $34,000
JEL
Mar 2012 = $0.005
Apr 2012 = $0.122
24 bagger in less than 1 month!!!
$10,000 will become $240,000 No, you did not read wrong! Please don’t say SGX stocks hard to find 10 baggers OK?
You can use your broker’s platform or visit SGX website for the charts.
There’s a reason why I ask you to do self-discovery. It’s the same reason why I only mention the “month” in my examples above and not the exact dates.
I hope you can see for yourself whether you have the pre-requisites to play this “punt the penny stocks game”.
You are either the smooth stock operator who knows how to play the pump and dump game, or you are what I wrote about previously:
Have you noticed when you don’t know what you are doing you make money playing penny stocks? Never underestimate beginners luck!
But once you itchy buttocks start to pick-up fundamental and/or technical analysis, you now have no baxxs to play the pennies again.
It’s like quantum physics – the bloody sub-atomic particles don’t behave like in the real world!?
LOL!
Singapore Man of Leisure (welcome to my blog; just google it!)
