Stock Holdings as of January 11th, 2008
As of January 11th, 2008, this is the portfolio I am holding in my CredentialDirect account:
- ADS 10000
- AKL 5000
- AMB 5000
- BSY 5000
- CBM 5000
- CLL 1000
- CSA 2000
- CWG 5000
- CYY 2000
- DAV 5000
- DUR 7000
- EG 5000
- EIN 3000
- ELR 3000
- GNE 10000
- HRG 10000
- HWO 2000
- ICS 5000
- IDL 5000
- IQW 10000
- KAB 2000
- KOM 10000
- LRI 1000
- MCH 5000
- MTM 5000
- MYG 2000
- ORB 20000
- OSI 3000
- P 5000
- PLI 5000
- POS 1500
- QAR 5000
- RBM 3000
- RDL 2000
- RS 5000
- SVG 20000
- SMG 10000
- SVC 1000
- TIO 25000
- TLC 2000
- WNX 10000
- ZL 2000
Why did I get into the stock market?
Nobody takes as good care of your things, especially the financial ones as you would. Life is too short to spend it running around in circles and I trust only myself with my own financial security. If news reports are to be trusted, the markets haven’t been this low for 80 years! So, this has to be the best time to join because you are getting everything at enormous discounts! Great companies making real money are so under-valued it isn’t funny… so I plan on profiting from this as much as I can. Get some money together and jump right in!
My Philosophy
I follow my gut instinct when it comes to the stock market, I don’t care what others do and I don’t follow the crowd, if it makes sense, I do it, if not, I don’t. There are thousands of very solid companies out there that lost a heck of a lot of value and they will come back with a vengence once things improve.
My Methodology
What I look for is the 52 week high and low. If they come back half of what they where, I can make many multiples of pure profit in a short period of time but this takes time and patience. I check the numbers of employees which they can always cut should things go bad, the volume of trading, book value and most importantly, how I feel about the trade in general.
Why buy penny stocks?
I buy mostly penny stocks because they can’t go much lower and when they go up, they do so at a far larger margin that very expensive stocks. It’s always easier to double 50 cents than it is to double 50$! If you buy a stock at 10$ a share, there is probably still some meat that hasn’t been eaten off yet while for a 1 cent gain on a 4 cent stock represents a 25% increase at a fraction of the initial cost.
More profitable Tips I have learned so far
If you by 500$ in one company and 10 days later it goes to 1 100$, sell it right away and dive back into the market with the profits. You can’t be greedy, buy, double, sell… waiting for a few extra dollars here and there is a waste of time.
Try to hold between 50 to 100 penny stock company so every week 5 or 6 company will double or triple, sell them and by some more but always check the one you sold previously because they may have dropped again and you can repeat the cycle again and again!
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