Penny stocks anyone?

[Nithy]

My Experience with Penny stock is to use some of the stock prediction websites and after acquiring complete knowledge on the stock position. I shall start with it.

[Nick1984]

Good luck to you on that play Nithy. Don't you find that by the time you've paid someone else to do the thinking for you, and then read everything they have to say the best positions are already gone?

Save your money and learn to analyse stocks yourself!

[Nithy]

	Quote:	Nick1984
	Good luck to you on that play Nithy. Don't you find that by the time you've paid someone else to do the thinking for you, and then read everything they have to say the best positions are already gone? Save your money and learn to analyse stocks yourself!

Thanks Nick,

Sure I myself will follow your words to analyze stocks, But suggest me how to gain better knowledge about it.

Thanks in advance.

[john.potter]

Australians Are legendary for chasing penny stocks, and I do mean Pennies, one family buys old defunct ASX registered companies and rebirths them into whatever is fashionable at the time, This is cheaper than doing IPO's they have never had a company fall over on them yet.

The last one was 2 months ago it was an Asian telephone company registered on the ASX and they gave it an Indonesian Iron ore mine, it opened at 2 cents and it is now 3.5 cents 75% in two months

In November 2007 They re-birthed a dental prosthetics company into an Indian Iron ore mine and it has gone from 2 cents in November 07 to 10.5 cents Today.

They also re-birthed a central Australian uranium play for 2cents that is now worth 27 cents since November 06 a 13 and a half bagger.

You must have Re-birther's there also, Look for them and see if the same family names keep popping up

If the Administrators of this forum doubt my word send me an email to my Australian email address and I will name 5 companies that you can very quickly verify have all made large amounts of money for their share holders and were all set up by this family in the last few years

[China Doll]

Hi John, I would be very interested in the names of the 5 companies. I

[john.potter]

Hi China

With my post it was my intention to pass on a strategy to forum members who may not have thought of it.

It was not my intention to invite everyone back to my personal fishing hole, or to make any stock purchase recommendations.

Obviously the more people that are watching this particular group of business people, the lower is my chance of getting on board at the beginning of the cycle. That was why I did not publish the names of the companies concerned.

Since that post the Oz market has dropped another 20% and I have been stopped out of my portfolio completely (with a reasonable profit in the majority of cases) and I am basically shorting CFD's while I wait for the market to turn around so my favourite board members can "do it all again".

Once the market turns there will be good money to be made in the bluechip stocks , not as good as speccies but much safer. for the meantime, shorting is the only game in town.

[brownsfan019]

Interesting post John. If the company has a history of resurrecting pennies, seems like a great deal!