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Subject:
the 2004 hailstorm penny stock challenge
Category: Business and Money > Economics Asked by: hailstorm-ga List Price: $2.00 |
Posted:
06 May 2004 00:24 PDT
Expires: 05 Jun 2004 00:24 PDT Question ID: 341929 |
Your challenge: recommend one penny stock on the OTC that will go up at least 100% within a week after you post your answer. If the ask price on your stock goes up at least 100% over the bid price on the day of your answer within a week, you get a five star ranking, a generous tip, and the admiration of penny stock players around the world. If the ask is at least 50% higher at any time during the week, or the ask price is at least the same as the starting bid price on the close of the day of your answer after one full week (ie, you haven't lost any money at the end of the week), you still get a five star rating for effort. Any other result gets you a one star, and by golly you'll like it! Any takers? Oh, and no requests for clarification please. You either get it or you don't. |
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There is no answer at this time. |
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Subject:
Re: the 2004 hailstorm penny stock challenge
From: probonopublico-ga on 06 May 2004 01:27 PDT |
Hailstorm You are being extraordinarily generous. I calculate the odds of any normal mortal being able to predict to your specification are precisely 7 Zillions to 1. But, if Pinkfreud, should visit Delphi .... As she well might with such a fortune at stake ... Then, given her following .... Well, WATCH THIS SPACE! |
Subject:
Re: the 2004 hailstorm penny stock challenge
From: hailstorm-ga on 06 May 2004 01:50 PDT |
Each day there are generally several stocks that double in value in just a day's time: http://app.quotemedia.com/quotetools/selectableMarketStats.go?toolWidth=650&statExchange=otc&stat=pg Certainly you don't put it past any of our talented Researchers to find one in advance? |
Subject:
Re: the 2004 hailstorm penny stock challenge
From: probonopublico-ga on 06 May 2004 02:52 PDT |
Well, Hailstorm, I know full well that you are (arguably) the most talented Researcher of all. So, you pick one share NOW ... And show us all just how easy it is. Please? |
Subject:
Re: the 2004 hailstorm penny stock challenge
From: hailstorm-ga on 06 May 2004 04:23 PDT |
If you want that answer from me, you'll have to start your own question! ;-) Until then, sector 341929 is my realm, and I will let the other GA masters take their shot. |
Subject:
Re: the 2004 hailstorm penny stock challenge
From: probonopublico-ga on 07 May 2004 00:43 PDT |
OK, Hailstorm, As none of the REAL Researchers has risen to the challenge, I am going to have a go. (Aw, gee, maybe someday I will be invited to join those lofty ranks ... I live in hope.) Well, let me preface this by saying that I don't believe that shooting for the stars with penny stocks is the right way to go about investing. The only real money I've made in the stock market is investing for the long haul. However, I don't back down when called out, so I'll give it a shot. PACEL CORP (OTC BB:PCCL.OB) http://finance.yahoo.com/q?s=PCCL.OB Close of business May 6th Ask Price: 0.025 This is one of those companies that is affectionately known as a "POS" (I'll leave it as an exercise to the reader to expand that acronym) It has changed ticker symbols on numerous occasions (PACC, PCEL, etc) Due to massive dilution and mismanagement, the stock has fallen from a reverse split adjusted price of around $60,000.00 a share to below two cents in recent days. However, when this PR hit earlier today: http://biz.yahoo.com/prnews/040506/clth067_1.html The stock jumped almost 40% on the news of a new CEO. Since these guys likely have to continue diluting their stock in order to continue financing their business, I believe they will continue to put out new PRs in an attempt to pump up their value. Likewise, other unscrupulous money makers may try to "pump and dump" this stock in order to make a quick buck. While I have zero confidence in this as a long term investment (and wish I'd picked it yesterday when it was still only 0.019), I'll go out on a limb and say that this pig will rise to 0.05 at some time within the next week...though even if it does that, it may still fall below 0.025 again by May 13th. Oh, (said he with a very red face) I am afraid that I messed up my Question and reversed the order of the "bid" and "ask" price. I can't imagine why I stumbled with this because, technically, that would make it easier for me, since the bid price is always lowers than the ask price, but I will grade this against what I meant to say instead. Here's hoping! Bryan |
Subject:
Re: the 2004 hailstorm penny stock challenge
From: hailstorm-ga on 07 May 2004 17:24 PDT |
Down over 40% today! What kind of pathetic stock tip was that?? |
Subject:
Re: the 2004 hailstorm penny stock challenge
From: probonopublico-ga on 07 May 2004 22:15 PDT |
Sorry, Hailstorm, but I did get the tip from a VERY disreputable source: in my experience these are usually the best. |
Subject:
Re: the 2004 hailstorm penny stock challenge
From: probonopublico-ga on 13 May 2004 09:20 PDT |
No Comment. |
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