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Old 12-29-2013, 07:30 PM   #16
FightingFalcon
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Member#: 223299
Join Date: Sep 2009
Chapter/Region: MAIC
Location: NoVA/DC/NCR
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2009 WRX WRB 4dr
2007 Kawasaki ZX6R

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Quote:
Originally Posted by FunkerVogt View Post
My 401K is for my 'safe' investments, targeted funds, index funds, etc.

My brokerage account is for whatever, up to Vega$. I don't day trade, but I do invest in penny stocks - not on a 'hot tip', newsletter suggestion, or anything like that. I run my own stock screens using freely available online filters on sites likes MSN and Yahoo Finance. After I pare it down based on industry, 52-week low, and a slew of other criteria, I start to research the HELL out of what remains.

I spend weeks to months researching a dozen or so pennies, by contacting the companies' officers directly, message board posts (yes, mostly noise, but some signal to be found), reviewing SEC filings, etc. I go full tilt Sherlock, and further pare down my selections.

Then, I buy a bunch and wait, generally years. Several of these companies (MHTX, HIIT, NJMC) I've been sitting on for close to a decade.
MHTX:
Dec 2003 price 0.065
Current price 0.07

HIIT:
Feb 2012 price 0.10 (oldest price I could find)
Current price 0.60

NJMC:
Dec 2003 price 0.065
Current price 0.091

With the exception of HIIT, these picks are awful if you've truly held them for close to a decade. This is why you don't individual stock.
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