I'll tell you a quick story... I bought so many shares into this penny stock. It was at 25 cents a share. I kept a close eye on it, and it kept rising. Well, I didn't want to be gready and lose my investment, so I sold when it hit $1, and recovered from my losses in my other stocks. So I was happy. Well, I kept watching the stock, and every day it climbed and climbed. About 5 weeks after I sold, the stock was up to $23/share! And then the SEC put a freeze on all buys/sales of that company. A few days later the SEC shut down the company, and everyone who had stock in it lost all their money. Turned out they were putting out false earning reports!
My next story... I had a buy limit order to buy 300,000 shares of a stock that cost only 3 cents/share. Unfortunately, my limit order was set to something like 2.5 cents a share, so my order never went through. Soon after my order canceled, the stock went up to $3 a share. I would have made close to a million bucks. ??? Oh well, I'm done with stocks for a little while. At least until things get settled down and back to normal again with the market. Penny stocks are alot of fun, you can get rich over night, or lose all your money in a matter of minutes with them. Very unpredicatble. I really hate to think about almost making a million bucks. SOOOOO close. :sneaky:
