Getting into Penny Stocks?

Discussion in 'Share Investing Strategies, Theories & Education' started by LongeCrK, 13th Dec, 2014.

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  1. twisted strategies

    twisted strategies Well-Known Member

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    i don't expect PTL to go into orbit any time soon ( but i have been wrong before )

    just a normally dull and boring div. stock was all i was hoping for here ( a small cap. defensive )

    good luck and take care
     
  2. kum yin lau

    kum yin lau Well-Known Member

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    Heigh ho, look at NEA go!

    KY
     
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  3. twisted strategies

    twisted strategies Well-Known Member

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    good for you !!

    keep on picking those good ones
     
  4. kum yin lau

    kum yin lau Well-Known Member

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    Hi, look at it go! I actually took a gamble yesterday and bought 3000 shares at 2.34

    Even though I've taken too much cap gain, I decided that even if I have to pay tax, it's still worth it.

    KY
     
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  5. kum yin lau

    kum yin lau Well-Known Member

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    Hi, do you know anything about ACF? I bought a few shares and then i searched the announcemants and saw that they're paying 0.01 cent dividend - nmeans that i get two dollars fifty!!

    I'm really interested in your thoughts.

    KY
     
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  6. twisted strategies

    twisted strategies Well-Known Member

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    i don't know ACF at all

    having a quick glance the figures look OK

    one thing that might bite ( later ) is they seem to do a lot of contract work on QLD infrastructure projects , some of these projects tend to have cost blowouts and insolvencies .

    take care and good luck
     
  7. kum yin lau

    kum yin lau Well-Known Member

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    Hi twisted, have you looked at NEA at all?

    I bought for my godson at 3.44 because I think it has the potential to double again. I continued buying and yesterday, I bought at under 3.30

    The 70M capital raising has to be for something other than the US and Canada. It cost them only 7M to begin operations in US so how much can they spend to begin business in Canada?

    You might want to take a look.

    Cheers,

    KY
     
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  8. twisted strategies

    twisted strategies Well-Known Member

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    i am watching the market currently , but am mainly looking at ( wise ) profit-taking opportunities .

    i see the Federal election ( result ) as a pivotal time to reassess my future buying trends .

    good luck
     
  9. twisted strategies

    twisted strategies Well-Known Member

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    i see share-market professionals using acronyms like FOMO ( Fear Of Missing Out ) and TINA ( There Is No Alternative )

    that is an extra caution flag for me , i also note internationals flocking to list on the ASX which to me looks like a 'pump'n'dump paradise in the making
     
  10. kum yin lau

    kum yin lau Well-Known Member

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    Hi, today's price is 3.78

    Does anyone know what is Chi X?

    KY
     
  11. twisted strategies

    twisted strategies Well-Known Member

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    $3.78 is the latest price ( 2 minutes ago ) and it was a Chi X traded

    ( Chi X is a competitor to the ASX but is unlisted )