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, in the question this is based on, I messed up and reverse the
order of the "bid" and "ask" price. 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) |
Clarification of Answer by
hailstorm-ga
on
07 May 2004 08:39 PDT
Down 28% so far today. You really rated this question way too early...
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Request for Answer Clarification by
probonopublico-ga
on
13 May 2004 09:19 PDT
Well?
|
Clarification of Answer by
hailstorm-ga
on
14 May 2004 05:31 PDT
Down over 50% from last week. Now I really need somebody to answer *my* question!
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Request for Answer Clarification by
probonopublico-ga
on
03 Jun 2004 07:52 PDT
I sat thinking today ...
About You Know What ...
And so I did a check ...
Please, Hailstorm, Are my eyes deceiving me but has the Stock you
recommended gone up to $80 or not?
|
Clarification of Answer by
hailstorm-ga
on
04 Jun 2004 05:03 PDT
Sadly, your eyes are indeed deceiving you. The stock is currently
worth 8/10ths of a cent.
|
Clarification of Answer by
hailstorm-ga
on
04 Jun 2004 22:17 PDT
I did get a double this week, but on a different stock:
http://finance.yahoo.com/q/bc?s=CMKX.PK
Bought in for two hundredths of a cent per share on Thursday. On
Friday it was up to four hundredths of a cent!
Lots of rabid fans on this stock seem to think it will go much higher soon:
http://ragingbull.lycos.com/mboard/boards.cgi?board=CMKX
http://www.investorshub.com/boards/board.asp?board_id=1561
However, it is a pink sheet stock that doesn't report its financials
and has changed ticker symbols three times in three years. So the
only factors pushing it now are rumor and hype. Definately not a
stock for the faint of heart.
|
Request for Answer Clarification by
probonopublico-ga
on
04 Jun 2004 23:21 PDT
Wow, Hailstorm!
I always had faith in you.
Through rain or shine.
I shall now watch the new entry with great interest.
|
Clarification of Answer by
hailstorm-ga
on
07 Jun 2004 06:48 PDT
CMKX just traded at eight hundreths of a cent! So I got the question
right on the second try.
|
Clarification of Answer by
hailstorm-ga
on
14 Jun 2004 18:48 PDT
closed at 0.001 a share on Monday, up 250% since recommended five
business days ago (Friday trading was closed due to former president
Reagan's funeral)
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Request for Answer Clarification by
probonopublico-ga
on
14 Jun 2004 22:05 PDT
well done!
|
Request for Answer Clarification by
probonopublico-ga
on
16 Aug 2004 23:35 PDT
Well?
Have you made your pile?
Or lost it?
|
Clarification of Answer by
hailstorm-ga
on
17 Aug 2004 18:16 PDT
PCCL is now trading at 0.0006 a share, down over 95% from the 0.025
price I recommended.
After briefly rising to 0.0012, CMKX has remained in a holding pattern
at 0.0004 for a while now (the level where I said to buy in two and a
half months back)
Neither poor nor rich yet. Just waiting...
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Request for Answer Clarification by
probonopublico-ga
on
13 Oct 2004 10:02 PDT
Hi, Haily
Penny Shares again, I suppose?
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