penny stocks

sunil_the_geminian · #1 17th August 2007, 07:30 PM

people i just came across this wonderfull forum while surfing the net...

i would like to share some information...

i invest a part of my money in penny stocks {below Rs.5}

and i have noticed that when these shares start increasing then doubling your money is not hard.

for eg i had purchased DYNACONS SYSTEMS & SOLUTIONS {dynsys - idirect code} @0.60 2 weeks back & today even the market has fallen so much, its still on upper circuit Rs. 1.10/- {touch wood}

i believe in telling others only after i have invested in that script cause its easy to advise and not buy.

another script which i have purchased today is FACOR ALLOYS and its on upper circuit of Rs. 5.53/-.

will post regularly & only after i purchase as i don't want people to say that "that guy told to buy"

am i right ? and do u want more ?

sunil_the_geminian · #2 17th August 2007, 07:32 PM

ANTARCTICA LTD

purchased @0.50
today 0.85

dya3210 · #3 17th August 2007, 11:33 PM

Be careful with antarctica. No fundamentals at all.

Dynacon will give you good money. I am trying to get every morning but no luck.

I am invested in harig, khyati and IQMS software.

rajaram.dilipkumar · #4 18th August 2007, 12:57 AM

Quote:

Originally Posted by dya3210

Be careful with antarctica. No fundamentals at all.

Dynacon will give you good money. I am trying to get every morning but no luck.

I am invested in harig, khyati and IQMS software.

add 500178(SL 2.32) , 500045(SL 4.9) , 500035 , 531131 , nagarjuna fertilizers and 504920 ( all BSE codes) to the list ......... i have not looked at the fundamentals ,but on charts these are showing good strength .These are moving up either on stake sale , buy back or due to operators...... invested in 500141(ferro alloys) and nagarjuna long back. All are flying for some time now but stick to stops and dont bulid leverage positions.

hometypist · #5 18th August 2007, 09:07 AM

Guys, Buying Penny Stocks are always a risky venture but if one is buying penny stocks at a bargain price then only one can reap the harvest. I too buy penny stocks but it is the patience that pays. I have purchased Facor Alloys and have made almost 20000 profit in the last week and still have 60% quantity left but the fact is that I started my purchase 2 years back when it was around 14 and my money was blocked into it. Now only I have realized the profit. Now the company has started making profit and I do hope it goes up to Rs.14/- By the way another penny stock is Harig Crankshaft, also Silverline is a penny stock but it can be multibagger in the long term. if you have the patience one can earn in penny stocks but the important thing while buying penny stock is given below:
1. How long the company has been in existence, and the management behind it.
2. How is the profit and loss?
3. What are investors saying about this stock on various boards like traderji, moneycontrol.com, etc.
3. What is the product and is there any sales?
4. Quantity of shares traded in the market, liquidity should be there?
5. Before buying the stock, see the high and low, if one is buying at a higher level, then he or she has to wait and/or average.

Experienced investors/boarders, please add other advices concerning penny stocks.

Please note that Penny Stock buying is always a risk but the risk can be minimized if certain conditions are set internally by the investor investing before buying the stock.

PARAS9MAY · #6 18th August 2007, 10:58 AM

Quote:

Originally Posted by hometypist

Guys, Buying Penny Stocks are always a ............................
Please note that Penny Stock buying is always a risk but the risk can be minimized if certain conditions are set internally by the investor investing before buying the stock.

I agree. This is sound advice. Penny stocks are dangerous for the general investor looking for sound returns and investing with money they can't afford to lose. Further if they donot pay attention every day they are bound to lose their shirts in this area.
I've found that if I set an internal limit of 8-10% of my cash portfolio as available for selective penny stock buying and average a lot I can fetch a profit contribution as high as 18% on my entire portfolio.
That means I have to wait as much as 2,2 1/2 years for the pennies to take fruit. The entire period is not spent waiting and watching it involves a lot of trust and patience with the scrip as well as a lot of profit booking, reinvesting & averaging and taking the ever present stop loss. I've found that on the average only one of these 10 scrips returns the entire money I spent on them as a whole. I donot know if I'm a really bad or mediocre performer but I've found that expecting the entire penny stock portfolio to contribute even 50% to your profits is really risky. I'd not advise even a hardcore investor to do this.
Sincerely
Paras Parmar

santoshdts · #7 18th August 2007, 03:04 PM

How Abt Valuemart info tech?
@4.6

sunil_the_geminian · #8 18th August 2007, 03:37 PM

offcourse peeny stocks are risky...

its high returns with high risk....

Tamtam · #9 20th August 2007, 07:43 PM

Hi Sunil,
I am a new member here. Is it worth to buy Bellary at this level?,
thanks in advance for your comments.
Mathew

sunil_the_geminian · #10 23rd August 2007, 11:20 AM

i don't think u should buy bellary at this level....

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