Quote:
Originally Posted by Gerald
Say W......I sometimes run across some of those "penny" stocks that have a very good charts. I saw one last night that had trippled in the last 6 month. I think the market cap was < 200k and sold for ~ $ 4.
Never day traded......but I have wanted to sometime buy a stock after a big dip or when there was some kind of breaking new on some company. Before I retired, I was really thinking of taking ~ 25K and see what I could do with this money in a few months. Back in 1999 the market really had some stocks that took big swings.
One guy where I worked made 150K++ in a couple of month buying and selling QCOM a couple of times.
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I use to make some quick cash on the airlines....I would watch the fuel prices and buy and sell as they went up and down....They were cheap enough to buy a lot...... My boss also turned me on to a Oil company that made us some huge money about 5 years ago.... I sold out too early but he held and sold almost peek high.. ATPG...I bought in 2003 and sold in 05...he bought in 2002 and sold in 07.. This stock was being bought at $2 and sold in the upper 50's.... I bought it at $5.oo a share and sold it at $25 a share...........I would love to his one like this again...... It feel hard after it topped around $60