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starwarsgeek171
Penny Hoarding Member
USA
651 Posts |
 Posted - 02/21/2010 : 17:48:58
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Hi Guys,
I was wondering if somebody had an opinion on Copper King Mining(CPRK). Its spokesman is Mr. Peterman from Seinfeld!!! While it seems poorly run, it's sitting on a literal "gold mine". When things get better for the economy, which I'm hoping they will, this sub-penny stock could eventually yield huge profits (if it can just get out of its own way). You can currently pick up one million shares for only $1800, and I like to "play" now and then (fully aware that I could lose everything, as was the case this year with (DCGN). Please no "...just buy copper pennies instead" responses, as I have a fairly respectable amount already.
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Delawhere Jack
1000+ Penny Miser Member
USA
1680 Posts |
Posted - 02/21/2010 : 18:19:47
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For $1800, do a few hours research. If it's a publicly traded company, the info is out there, but it takes some digging to find it. Personally, celebrity spokesmouths are a SURE SIGN OF DANGER to me.
Now then, if you're looking for a NO LOSE DEAL!, I've got five containers of Urban Sombreros that will be arriving from China in early March. These things are HOT!!!
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"Educate and inform the whole mass of the people... They are the only sure reliance for the preservation of our liberty." Thomas Jefferson
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Edited by - Delawhere Jack on 02/21/2010 18:38:47 |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 02/21/2010 : 18:37:17
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| Sounds more like a question for Jim Cramer. Around here you are more likely going to hear a shout of BULLON! |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
Posted - 02/22/2010 : 11:34:53
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| Ive watched some Jim Cramer. He isn't really big on penny stocks. It is very speculative and is like going to the casino and gambling. That said, I had a few dollars left over in my stock investment account and did buy some shares of CPRK. |
SELLING COPPER PENNIES 1.4X FACE SHIPPED......“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principles of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale” Thomas Jefferson |
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starwarsgeek171
Penny Hoarding Member
USA
651 Posts |
Posted - 02/22/2010 : 17:57:35
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PennySaved,
Yesterday's $1800 would be $1900 today on a one-thousandth of a cent move! I wish I had the money to buy huge blocks for day trades... 
CPRK has recently been fluctuating between its support level of .0029 (that's why yesterday's .0018 was so tempting) and its highs of .005-.01! It's seen .03!!! From here, just that would be huge.
If you were able to afford many millions of shares, I'd sell half at .0045 to lock in a profit and ride the rest.
Good Luck!
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starwarsgeek171 |
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El Dee
Penny Hoarding Member
USA
547 Posts |
Posted - 02/22/2010 : 18:57:42
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Good way to lose $1800, IMHO. Penny stocks are cheap for a reason, usually because they are thinly capitalized or over-leveraged.
If you want to do day trading, stick to Google and try to time the moves.
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Trust the government? Ask an Indian. |
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starwarsgeek171
Penny Hoarding Member
USA
651 Posts |
Posted - 02/23/2010 : 10:58:19
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El Dee,
I can't afford too many shares of a whale like that...I wish!
correction = one ten-thousandth.
Currently up another $100! |
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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
Posted - 02/23/2010 : 17:01:47
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| Oh I didnt buy many shares; I just had like $7 or so sitting in my account and decided to take a gamble :-) |
SELLING COPPER PENNIES 1.4X FACE SHIPPED......“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principles of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale” Thomas Jefferson |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 02/23/2010 : 19:50:50
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quote:
Originally posted by PennySaved
Ive watched some Jim Cramer. He isn't really big on penny stocks. It is very speculative and is like going to the casino and gambling. That said, I had a few dollars left over in my stock investment account and did buy some shares of CPRK.
That may be only because that unlike the big boys, penny stock corporations can't afford him.   |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
Posted - 02/24/2010 : 09:00:12
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| True. I still think it is like gambling. However, I'd rather buy some cheap penny stock than go to the casino :-) And of any penny stock, I'd want to take a gamble on a mining company. |
SELLING COPPER PENNIES 1.4X FACE SHIPPED......“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principles of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale” Thomas Jefferson |
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silverhalide
Penny Sorter Member
92 Posts |
Posted - 03/01/2010 : 09:47:16
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Personally, I wouldn't touch it. The spread usually will kill you and it is likely the stock has the underlyings of a scam. First off the company has no 43-101 which is a really bad sign. Another thing to do is to check out the auditor.
I have no problem with penny stocks as long as you realize there is a very high scam, dilution and manipulation by specialists/market makers risk factors associated with them which indicates about 1% are viable investments in the long run. |
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Kurr
1000+ Penny Miser Member
2906 Posts |
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starwarsgeek171
Penny Hoarding Member
USA
651 Posts |
Posted - 03/05/2010 : 17:17:12
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| CPRK currently up 289% in just two weeks; also check out CTIC (big decision coming soon). |
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AGgressive Metal
Administrator
USA
1937 Posts |
Posted - 03/05/2010 : 17:27:10
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| Did you ever buy it? |
And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world.
-Caxton's edition of Aesop's Fables, 1484 |
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starwarsgeek171
Penny Hoarding Member
USA
651 Posts |
Posted - 03/06/2010 : 07:17:35
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No. I was trying to help anyone with a lot of money to make even more. They'd have sold out their original investment plus a 100% lock-in (before taxes), and now they'd be riding with 89% on "the House". I am just a man of below-average means who'd rather research stocks than watch American Idol, the Winter Olympics, or even Football.
In the future, watch out for:
KOPN and its Golden-Eye!
VRNM's patented technologies, strong partnerships, and strategic placement in biofuel arena.
ECOB's fireproof, mold and rot proof, insect proof, environmentally friendly wood.
SMCE's relations with cutting-edge rappers, strong US exposure, and expansion into China (buy out?)
CTIC's big Pixatrone decision coming soon (this, I'll admit, is a lottery ticket).
Take care. |
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Copper King Mining
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