Anyone tried Penny Stock Investing

[Stuck]

Anyone want to try out PHMB? it has been going up and down from 0.0001 to 0.0002 in the last 2 weeks or so. that's 100% gains over and over IF it works. its in pink sheets. if someone want to try it out to see if they can actually sell this thing at 0.0002 from 0.0001 or if it is a total scam. if it works you can make tones of money with this thing... I highly doubt it though. I would go small amounts (100-200 bucks) to see if you can actually sell it at 100% gains.

I have ALL my money tied up in stocks right now so I wont try. besides I have to call in to buy (pink sheets) so it is a hassle. if you try I would appreciate the feed back on how it works.

P.S. The only penny stock I have is GNTA, it is MASSIVELY diluted but has a good pipeline.

[dataloss]

PHMB has a caveat emptor warning on the pinksheets website Not for me but if anyone decides to gamble on it, please do tell us how it went.

[Websman]

buying at .0001 and selling at .0002 is not an easy thing to do.

[Karel]

buying at .0001 and selling at .0002 is not an easy thing to do.

Let's do the math: buy 100K shares at a price of .0001, for a total of $10, factor in $5 dollar commission (ignoring extra costs for ultra large orders): total expenditure: $15
Sell 100K at a price of .0002, for a total of $20, minus $5 commission: total income $15.

This is assuming that when you throw a 100K order in the market it will get filled at .0001 and .0002 respectively. Limit orders might very well find themselves waiting a long, long time to fill, if at all. Isn't this market maker's heaven?

I have blithely ignored extra costs (block trading fees) for ultra large orders, f.i., a broker might split an order larger than 100K shares in separate 100K orders or just add extra costs. And I ignored the transaction and regulatory fees when selling. The Regulatory fee is especially interesting as it costs .000075 per share (with a maximum of $3.75, according to my broker).

Only adding the regulatory fee, one would need to buy 140K shares to break even (and actually get a profit of 25c).

But that "Buyer Beware" status at www.pinksheets.com is a warning indeed. Stay clear of his stock.

Regards,

Karel

[Karel]

And I closed the poll, as this thread is not much more than a nice spammers haven. If we get more spammers here, I'll just close the thread.

Regards,

Karel

[Websman]

I tasted spam one time...It was terrible!