Making A Fortune With Penny Stock Momentum Plays
About a month ago Money Philosophy decided to get back into the stock picking game after having been out of it for a few years. He was immediately drawn to stocks such as GM and C (Citigroup) which had taken a big hit since the markets fell through the floor in September of 2008. These stocks looked like they were rebounding and he was excited about the possibility that they could eventually reach their old heights.
The C and GM picks were very successful and that got him interested in looking for other stocks like them. He ended up coming across a couple of penny stocks, CTIC and LJPC, that looked like they may break through in a similar fashion. These stocks were bigger risks but they also seemed to have even greater potential for reward.
That ended up being the case as both CTIC and LJPC ended up being huge winners. They were even bigger winners than GM & C.
He decided that he may really be onto something with the way he was selecting these stocks so he decided to try and make a screener which would find more stock picks like them right at the moment before they were about to have big gains.
The reason I’m writing this article today is because his first pick with this new screen reached a high 40% above it’s open today and that certainly impressed me. My imagination is off and running with the kind of gains I could make by following his advice.
Of course I don’t expect every stock pick he or anyone else makes to have big gains. That’s impossible. It’s also key to remember that a gain isn’t “real” until you sell the stock. Making the decision of when to get out is equally as important as deciding when to buy. The cool thing is that he also makes a post on his blog (and on his Twitter account) when he sells.
He doesn’t share exactly how he screens for these stocks as I guess he’s too selfish to share all of his trading secrets but he shares much more than most do.
He’s clear that he is definitely not giving investment advice not giving investment advice. You should always do some of your own investigating before deciding whether or not to buy a stock.
While I understand that it’s tempting buy The Day Trading Robot or Easy Forex, I honestly think anyone would have better results just by following what this guy is doing. And of course the great thing is that it’s completely free.
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