Clive Joss
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Personally why buy penny shares? maybe 2% will turn out to be a good bet and with peny shares you are betting rather then investing. My experience is that systems are poor, if they offer you proof that it works be cautious, for every winning investment they will not show you the 10 loses.
Gumping
Established member
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I remember looking at their sales-pitch once a few years back. When you read the fine print, they will tell you that the average profit on their trades is 13%, but that applies to the mid-price before bid-ask spread is applied. Look at the spreads on most AIM penny stocks and I think you have your answer
shadowninja
Legendary member
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I did subscribe to one of the main newsletters for a year. Overall made a loss. Funny that.
the only person i would trust in penny stocks is tim sykes- cool guy. Short Selling Penny Stocks
lol, invest in a penny stock??? tim focuses on shorting the pieces of crap when they run up
lol, invest in a penny stock??? tim focuses on shorting the pieces of crap when they run up
Masquerade
Senior member
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I wouldn't trust the guy with a single penny.
shadowninja
Legendary member
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Ah, I thought I'd heard of him.
yeh he is a cocky little pri*k in WSW , hence why i approached him with a 'lol' attitude. but his picks speak for themselves, although his account hasn't totally kaboomed like it did in the bubble i still think he has found a method to approach penny stocks- not many people can actually profit from them.
WallStreetHero
Well-known member
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the guy made huge losses and now hes runnning a blog advising trades which bring him $80,000/month from adverts.
yeh he lost 700k of his hedge fund because he got trapped in an investment in an IPO pretty much. He had loads of restricted shares, at one point if he sold he would have made 300k ish. the ticket company lost its clients and the share price tanked, he couldnt sell and when he could his selling caused price to head lower. It's a shame cos prior to that f*** up his fund was doing very well.
shadowninja
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Beware false profits.
I just love making up phrases in trading. So funny.
I just love making up phrases in trading. So funny.
counter_violent
Legendary member
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There's a reason they are called penny shares you know...i'll let you figure it out.
Does anyone have any data that shows failure rates of these errrrrr speculative co's ?
BSD
Veteren member
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Good read in that regard, failure rates:
Who Needs Spam When You Can Advertise Penny Stocks In Forbes?
Bit like finding a needle in a haystack.
Is that Sykes character now actually running a hedge fund again or is it only selling how-to gimmicks these days ?
Who Needs Spam When You Can Advertise Penny Stocks In Forbes?
Bit like finding a needle in a haystack.
Is that Sykes character now actually running a hedge fund again or is it only selling how-to gimmicks these days ?
bullmarkets
Junior member
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You must be kidding me? That internet troll and marketing pro???
Timothy Sykes is a total conn artist. I got a marketing campaign claiming this charlatan made over $30 million from trading, signed by his "accountant". Total crock and bull. This joker is not only making smaller and smaller profits every year, but in ten years he has only made $2.4 million. And that includes his lucky gambling profits during the bull market when he didn't have a clue what he was doing and made his $1.6 million from sheer beginners luck. Any novice could make money during the bull market.
Sykes is a total sham.
bullmarkets
Junior member
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He can't trade. That's the truth and anyone in the industry would agree to that.
