Doomberg
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Hey guys this is my 1st post so hello everyone, hope you're all winning, and its good to see lots of UK members. Anyway to explain the topic: Personally i have been quite interested in penny stocks over the last few years, they are risky and volatile but often when selected at the right time they can yield good results in my experience.. whats your opinions at the minute in terms of whats hot?
I'll start: At the start of this week i bought in to (RRR) Red Rock Resources Plc they are a very low SP and currently stand at 12p there has been big movements and on tuesday the SP increased by 25% from 10.8p to 13.8p the SP has come down somewhat but im confident to hold, this firm mines gold and they are rumoured to be announcing good figures soon, don't quote me on this as this is simply info i heard on another forum. Apparently there are 4 or 5 more bits of news to be announced later this month, people in general seem to be positive about whats expected and their have been lots of buys this week, including 1.6mil shares on the 8th, also someone sold a copious amount the day before the 25% rise, i bet whoever it was is not too happy about missing that!
At the latter end of last year i sold RBS shares prematurely to get involved with the Bank Of Ireland before the bailout, to my despair i missed out on a massive increase so i know how this feels, but as they say every cloud has a silver lining, i got a big increase of 32c to 42c within a week with bank of ireland shares around the time of the bailout.
One recent gem i missed out on: (SAR) Sareum Holdings Plc.. to be honest im a little gutted about this, a contact suggested to me that i should buy just under a week ago and i left it as it looked too unpredictable, anyway the SP was 1p and he sold at 2.8p in a week, the lucky swine had 280%, damn i missed that one but then again it could of gone the other way. Im probably going to wait and if the SP falls down to 1.5p i will probably buy in. Oh and a little info about this firm, they are a cancer research company that seem pretty switched on, there is plenty of info about them.
Ok so theres a couple im focusing on, whats your personal opinions on good penny stocks?
Doomberg
I'll start: At the start of this week i bought in to (RRR) Red Rock Resources Plc they are a very low SP and currently stand at 12p there has been big movements and on tuesday the SP increased by 25% from 10.8p to 13.8p the SP has come down somewhat but im confident to hold, this firm mines gold and they are rumoured to be announcing good figures soon, don't quote me on this as this is simply info i heard on another forum. Apparently there are 4 or 5 more bits of news to be announced later this month, people in general seem to be positive about whats expected and their have been lots of buys this week, including 1.6mil shares on the 8th, also someone sold a copious amount the day before the 25% rise, i bet whoever it was is not too happy about missing that!
At the latter end of last year i sold RBS shares prematurely to get involved with the Bank Of Ireland before the bailout, to my despair i missed out on a massive increase so i know how this feels, but as they say every cloud has a silver lining, i got a big increase of 32c to 42c within a week with bank of ireland shares around the time of the bailout.
One recent gem i missed out on: (SAR) Sareum Holdings Plc.. to be honest im a little gutted about this, a contact suggested to me that i should buy just under a week ago and i left it as it looked too unpredictable, anyway the SP was 1p and he sold at 2.8p in a week, the lucky swine had 280%, damn i missed that one but then again it could of gone the other way. Im probably going to wait and if the SP falls down to 1.5p i will probably buy in. Oh and a little info about this firm, they are a cancer research company that seem pretty switched on, there is plenty of info about them.
Ok so theres a couple im focusing on, whats your personal opinions on good penny stocks?
Doomberg
