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Penny Fever (not again)

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I know what your saying “penny stock, get lost”

I was alerted to this penny stock thanks to Beanie1111. I bought it and since it has not gone out of business yet, I thought I would share it because Im already up almost 100% As you can see, this stock is cheaper then a penny, (literally). I acutely bought 120,000 shares of it for under $200. If this stock can see 50 cents again like it once was at, then it will be a huge amount of money made. This stock is purely a gamble play and not an investment!!  They deal in the hottest sector right now with is solar energy, and this stock may move up with the rest of them and if it does, then my Chiropractic school will be paid for.
On another note, market went down big today. I seemed very suspicious yesterday when the market dipped down right after the fed meeting only to rally. I got out of most of my positions including VMW and will buy once a new high is made or if it falls a little further.

But I did pick up some more UA….I will post a chart later

Thanks Steve for pointing out MA, Great Pick…Wish I got in when you wrote about it.



21 Responses to “Penny Fever (not again)”


By Mario on November 1st, 2007 at 2:09 pm

Hey Brett,

Cool post… i have been waiting for you to give up your secret penny stock!! :)

Do you have any other data/findings on this company to further back up this recommendation?

By Mario on November 1st, 2007 at 2:15 pm

Also, macd is looking a little bad imo

By Brett Goldstein on November 1st, 2007 at 3:16 pm

Hey Mario, I dont have any other data/findings on this company. The macd is looking a little bad but I bought this stock and I plan on just forgetting about it and hopefully in a few years It will be rewarding. Remember, Its a pure gamble stock

By Thomas on November 1st, 2007 at 6:31 pm

http://www.trendsetterindustries.com/
CEO is Dirk Atkinson
818 Broadway St
Eureka, CA 95501

Anyone live out that way, maybe stop by and see if the place actually exists. Looks like most of the press about them is stuff released by them, and just reprinted. Not saying it is wrong, or bad.

Then again, i have wasted a lot more money, on a lot dumber stuff.

By Brett Goldstein on November 1st, 2007 at 8:26 pm

Hey Thomas, Good Call on having someone check out the place….For all we know its some guy working out of his garage, lol

By Mario on November 2nd, 2007 at 11:30 am

Hey, thats less over head cost right? lol

By Anonymous on November 2nd, 2007 at 12:18 pm

I actually ran a scan looking for any stocks that were less then $0.001 and increased to more then $0.25 in 3 years time.

Lets just say i can count the resulting stocks on one hand, after a accident cuts off 3 of my fingers.

I got a couple more results by increasing the first amount a little.

Anyone else in FMCN currently? I got in it a couple days ago, and it held up really good, considering how the market has been acting the last couple days. (weeks ?)

By Anonymous on November 2nd, 2007 at 7:49 pm

I am curious about what those two companies are…i’d be interested in learning what turned them around.

Do you still have those tickers?

By Anonymous on November 2nd, 2007 at 8:09 pm

I can’t remember what the symbols were, but you can run the scan on stockcharts.com, and since the results are relatively few, you don’t even have to worry about the 10 results max if you don’t have an account.

Here is the link: http://stockcharts.com/def/servlet/SC.uscan
Make two indicators the ‘Close’, make the first one 150 weeks ago, less then $0.001, make the second one 0 or 1 day ago at more then $0.25.

Try different numbers and time spans. I’m not sure what turns some of them around…take a look at SPOONZ. (SPZI) http://investorshub.advfn.com/boards/board.asp?board_id=3632

By Anonymous on November 3rd, 2007 at 6:28 am

I don’t have the tickers anymore, but you can run the scan on stockcharts.com. Even if you don’t have an account, you can still the first 10 of the results.

http://stockcharts.com/def/servlet/SC.uscan

By Anonymous on November 5th, 2007 at 3:47 pm

OMG
get into physio
not chiro
seriously

By ucla on November 6th, 2007 at 2:12 am

Brett, you recommended UA awhile ago. I like the company but it’s getting hammered. Would you consider going in @ 50? Or are you done with it?

By Brett Goldstein on November 7th, 2007 at 9:31 pm

Hey UCLA….UA was a bad call by me. Unaware to us, the CEO sold a shitload of shares. I have loaded up more here with calls and shares at 49. If todays low is broken, I am totally done with it. Sorry for the delay but I have been really busy with school.

By Allie Baldwin on December 26th, 2007 at 4:32 pm

It’s back on the straight up again. I got in with low prices with wize trade.

By Robert Parris on January 10th, 2008 at 3:31 pm

Yes, I still hate the penny stock. My grandfathers trades them and makes a cool $2,000/month. That’s nothing if you ask me. I keep telling him to use wizetrade. He won’t do it.

By Marshall Smith on July 28th, 2008 at 12:51 am

Will rising oil prices lead any positive impact on the sugarcane ethanol companies like IBOT.PK.

By Marshall Smith on August 6th, 2008 at 1:12 am

When I was reading the report issued by BeaconEquity.com on IBOT.com, it seems to me a strong fundamental story with their optimistic sales growth as well as favorable deal with foreign partners.

By Marshall Smith on August 9th, 2008 at 3:52 am

Sparta Commercial Services, Inc. (SRCO.OB) is a leading provider of financing solutions to the Powersports industry. The company is currently the only nationwide full-service, independent, Web-based finance company offering a lease solution combined with the traditional retail purchase contract for the Powersports Industry. The Company is going to do a press conference in the next week.

By Marshall Smith on August 9th, 2008 at 3:52 am

Sparta Commercial Services, Inc. (SRCO.OB) a leading provider of consumer finance solutions to the Powersports industry, announced that its relationship with an aggregator partner of online consumer credit applications for the acquisition of Powersports vehicles has resulted in a much higher than anticipated volume of consumer credit applications being processed by its iPLUS® credit decisioning engine during the last three months.

By Marshall Smith on August 12th, 2008 at 5:28 am

Rising gas prices are promoting an increase number of to consumer to buy motorcycles and scooters. This will definitely helps SRCO.OB to get more loan customers and there business seems to me more profitable.

By Marshall Smith on August 22nd, 2008 at 2:29 am

Can you guys please advice how the recent testing done by RNNM.PK will effect the industry as whole because I find it to be more speedy and qualitative.
http://www.youtube.com/watch?v=0Y_gumpBuko.

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