I've been daytrading penny stocks on & off and got a couple good hints on companies to look into while surfing arfcom in the past...

What are you guys into???

Lately I've been buying in SWVC Seaway Valley Capital Corp off recommendation from an arfcom member...  It's about to release 8-K figures for a merger to bring Wisebuys & Hacketts into it's shell, and soon likely to see some profits and a jump in the price per share (It's about $0.024 right now, but has spiked up to 0.086)...

I'm also looking into a couple others such as FCCN (Chinese Oil/Petrol company that's done pretty well recently), and a few others...  I've got to do more research before I make any big purchases FCCN or other risky companies like this...

If you guys think the Penny Stocks are too risky for your blood, you may be right.  But it's not too difficult to trade penny stocks / securities / pink sheets!  When WorldCom tanked I daytraded it and walked away with about $14,500 profit in about 3 weeks.

If you do your research & time it right you can make a nice big shiny penny!  

So what have you guys been up to for stock / security / pinksheet investments???

I guess so!

A lot of people don't know the real value of a consistently fluctuating stock!

I'm gonna look into PHSL now too...

Apparently they don't realize the serious potential for a quick 100% to $500% gains in under a week or so...

Throw $2,000 into one at the right time, and the next week you're walking away from it with $16,000!  Take $14,000 of that and toss it into a different stock or mutual fund that's gonna give you better long-term rewards!  Take the other $2000 and throw it into another fluctuating penny stock for more high rate returns!

Some people that put in $2,000 into SWVC at $0.0060 then sold at $0.082 walking away with $27,000 in 2-3 weeks!  One guy bought in $35,000 in at $0.0070 and walked away with over $400,000!!!  One of the investors cashed out & bought a fricken RANCH with his 2-3 week earnings!

I don't think I'd have any problem throwing $15,000 into one of these stocks (after proper due research) and use the profits to pay off over 50% of my mortgage in a couple months...  It's a good way to supplement your income, and also help afford your shooting hobby!

If I manage to cash out of a couple of my stocks with sizable gains I'm going to DEFINITELY use some of it for buying a new Dillon 650 setup, a few cases of ammo, and a couple guns or a pair of Gen3 NVGs...  1600% is GREAT!  You've done WELL!

Got any websites for researching into PHSL?  I looked at it on my trade account, but there's no charts, and no company info, news, or press releases...

Best of luck to you with your trades!!!  It really *IS* fun to watch your account grow massive gains!  Also, with a trailing stop limit order it makes it REALLY TOUGH to lose more than 10% of what you throw into a stock...

INUHBAD'S CARDINAL RULES OF TRADING PENNY STOCKS:
1.)  ONLY TRADE ON A CASH ACCOUNT - YOU'D BE A FOOL TO GO ON MARGIN!  
2.)  ONLY INVEST WHAT MONEY YOU CAN AFFORD TO LOSE (Some people are lucky to break even)
3.)  SET BUY/SELL STOP LIMIT (or Trailing Stop Limits if you can) Amounts ON YOUR ACCOUNT.  This way you tell the computer to automatically SELL OUT your shares if it reaches a certain price (high to make profit , and a low limit (just incase -- A trailing stop limit sell order if you can) to cut your losses before it hits you worse).
4.)  WATCH YOUR MONEY LIKE A HAWK THE WHOLE TIME (that's the WORK part).

Sometimes you can make a quick $100, sometimes you can make a quick $10,000, and sometimes you can make a quick -$6000, or a -$350...  It's all about RESEARCH, ANALYSIS, AND TIMING!

That looks to be a pretty nice book.  It describes a fair bit of what I've learned as well...

I've not read the book yet, but the page linked is pretty descriptive of some of the basics...

The book looks good, but I'm not sold on the "Microcapfeed" software/trading stuff they're also trying to sell.  I've done perfectly well with my TDAmeritrade.com account and the tools they have in there...

For free you can scan stocks for a low price range (sub $0.50 range), with high trade volumes too.  This way you can find stocks that might be spiking or fluctuating fairly well.  Then you research them.  Then you invest (or don't invest) depending upon what you've found in your researching.  Sometimes research can take a pretty long time though.

Also, for an additional monthly cost they'll give Level-2 Access allowing you to see what large MMs (like NITE and others) are cruising the stock, and driving the price up or down (manipulating it for their own benefit).

Also, the flat-rate trade charges are nice in Ameritrade instead of the 'commission' based ones.

As for this book, I'd say give the book a try.  Don't get caught up in the microcapfeed stuff though.

There's a LOT of pump'em & dump'em schemes...

But it's easy to avoid them (for the most part).  All you need to do is your QUALITY RESEARCH (AKA Due Diligence).

A *LOT* of people claim to do 'research' on a stock, but then later admit (after losing their $$) that their 'research' only amounted to running a quick 'Graph Analysis' scheme and little if any REAL research.

Finding a QUALITY company is the important part, and also scanning news for a possible upcoming IPO, and then fighting like hell to get in on it (if it's a worthwhile company).

Pump & Dump schemese have been done on a MULTITUDE of levels, not just the OTC/BB/Pinksheets stocks.  This can be seen with the fraud issues in Steve Madden Shoes, and the Wolf brokerage firm Stratton Oakmont (On which the Boiler Room movie was based).

Read up on the wild-side of the stock market, and the incredibly illegal practices of the Stratton Oakmont firm, their cocaine abuse, rampant intern sex in their board rooms, offices, & closets....  Heck, Martin Scorsese is already reportedly working on a new movie about it with Leo DiCaprio as Beltfort.

There's lots of SMALL pump&dump schemes out there, but they're not tough to avoid, and it's also not tough to make money off those stocks (with high fluctuation volumes) even if you DON'T know it's a pump & dump.  You just have to time things right & read them right.

Lately I've been trying to avoid throwing more that $500 a day into some of these Over The Counter Securities, but there *IS* plenty of money to be made from some of them...

-inuhbad