Monday, January 10, 2011

penny stocks went up.

Penny stocks went up. It is difficult to trade penny stocks unless you wanted to pick them up. It is like a gamble. You see it is up, you think it is going up and you just buy 100,000 shares or 500,000 shares depending on your capacity.

If it does not go up and you are caught, then you need to pick them up. If you force-sell, then you will lose money. There is no technique in trading penny stock because the volume is so much and you just cannot say it is buying volume or selling volume.

I am glad that those counters that I spotted a few days ago had gone up. For example MMCcorp(2194), Sunway(4308),Zhulian(5131), KPS(5843), HSL(6238).

I am watching Takaso(7071), Ynhprop(3150),Twscorp(4804).

I was thinking of buying SEG(9702) and it has gone up to 2.63, the day high was 2.67. SEC was in my explorer list last week. My explorer formula is working.

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