Mdawgs Investments
Quote: MDawgBlue chip sure. Penny stocks, no.
Sounds like you do sell at some point. Why? This seems contradictory to me given your seeming kinship with DarkO's holding CYDY long term. My very long terms I do not sell at all, but again, these are top stocks that have made it out of the park for me with home runs. I'd never bother with any penny stock to begin with if I had a long term disposition. Penny stocks are OTC, or worse, OTC pink.
Why sell at all? When do you decide to sell? And if you do sell, then why would you think it okay to hold a risky penny stock that has three or four times dropped back to a loss when it was once at a profit.
I bought $1000 worth of CYDY as a lark since Darkoz has it. If it goes to $0 so be it. That is the only penny stock that I have. After three years I will take a look at it and decide what to do. It is a small part of my Etrade portfolio, to me the $1000 is a gamble that I will probably lose but might get lucky.
Quote: DRichI bought $1000 worth of CYDY as a lark since Darkoz has it. If it goes to $0 so be it. That is the only penny stock that I have. After three years I will take a look at it and decide what to do. It is a small part of my Etrade portfolio, to me the $1000 is a gamble that I will probably lose but might get lucky.
There is an entire thread about it, but bought a penny stock, GLXZ, and it’s up around 12x since I bought it. Not a fortune, but I’ve sold some when it first hit 10x and made real money.
Another one, CBIS—- Bankrupt
NTEK. Bankrupt.
It’s been a while, but I’ve bought other bottom feeders that have ‘something’ of value. And they end up being bought by a ‘good’ company and I made nice profits. I’m sure there are some (not me) who make boatloads targeting some penny stocks.
Quote: SOOPOOThere is an entire thread about it, but bought a penny stock, GLXZ, and it’s up around 12x since I bought it. Not a fortune, but I’ve sold some when it first hit 10x and made real money.
Another one, CBIS—- Bankrupt
NTEK. Bankrupt.
It’s been a while, but I’ve bought other bottom feeders that have ‘something’ of value. And they end up being bought by a ‘good’ company and I made nice profits. I’m sure there are some (not me) who make boatloads targeting some penny stocks.
I bought CYDY about a year ago at around $3. If it is at $4 after 3 years I consider it a win To me 10% a year is a success.
MDawg would bet against me on the stock
But I think he is too afraid to do that. Scared money!
SooPoo you mentioned GME - are you still holding? Just doubled to 91, and it's running 118 in the A.H.! on news that its CFO just resigned. Oh well, as good a reason as any to buy buy buy for these RobinHood kids. 😅
Quote: MDawgTSLA made a good comeback today. Closing at around 742.
SooPoo you mentioned GME - are you still holding? Just doubled to 91, and it's running 118 in the A.H.! on news that its CFO just resigned. Oh well, as good a reason as any to buy buy buy for these RobinHood kids. 😅
Since you asked.... I’m just starting to ‘trade’. I made $33.50 on my big trade. Had I waited another hour or two would have been $700. I’m trying to get the hang of this. I’m still not 100% sure I will succeed. It sort of feels like a martingale.
Quote: MDawgSee the thing with a stock like GME (or any of these volatile stocks, which may certainly include AMZN, TSLA, GOOGL, etc. at times), is that you might enter and be lucky enough for it to go straight up. But often as not, your position becomes a loser for a bit, THEN goes up, and it's hard to keep your nerve and not sell too early. But as long as you book a profit every time you can't go wrong. It might take a while before you get good enough at trading to book a profit consistently though....
Song:
Oh where oh where has my MDawgie gone
Where oh where can he be?
When Cytodyn goes down he laughs with glee
But when Cytodyn goes up 16% my MDawgie disappears
. No one here thinks you have ‘no chance’ of success. I am rooting hard for you. But MDawg is describing a trading concept, totally different from picking ONE stock you think will do well. The variance you have is huge. You may go pffft. You may have a 10 bagger. If somehow you think you will be able to pick overlooked stocks by some way... research... let us know!Quote: darkozSong:
Oh where oh where has my MDawgie gone
Where oh where can he be?
When Cytodyn goes down he laughs with glee
But when Cytodyn goes up 16% my MDawgie disappears
If I hadn’t known someone who was peripherally involved in the trial, I would have bought some CYDY when you did. Congrats on the 16% today!
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