I decided to give a few extra days to the stocks listed by the hot penny stock picks site so that we could get a slightly better cross section of data. Understand that penny stock picks can be very volatile and risky and purchases should be made with GREAT care. If you are purchasing stocks under $1 then you must realize that they companies do not have great demand and offloading your shares may be next to impossible. So you need to do your homework FIRST. And that is what I am attempting to help you do here.
So let’s review the first three picks again.
CMLT: CMLT was recommended two weeks ago at it’s closing price of .001. CMLT is now worth .0018 for a 80% gain (not including the intraday fluctuations that could have netted a larger gain). This is down from the 300% from last week. Still a winner.
PTSH: This penny stock was recommended two weeks ago at it’s closing price of .0014. Today PTSH closed for .0015, giving it a gain of 7%. Again we exclude the intraday trading. This covers the 7% loss from last week and gains another 7% to make this a winner.
MIRA: This penny stock was recommended at it’s closing price of .04 two weeks ago. MIRA is now at .03 for a 25% loss. A gain could have been made last week at 12%. But holding out on hopes for more would have been costly.
This gives us a total average, from the first three stocks, of 20.6%. Still a nice little gain for a two week holding.
Now let’s look at the penny stocks listed early last week.
TNRI which closed at .0032 last week, is now worth .0026. This gives a 18.75% loss. Ouch.
SOYO which closed at .4 last week, is now worth .39. This gives a 2.5% loss. A loss, but not devastating.
RPDM which closed at .0027 last week, is now worth .0013. And worst of all, we get a 51.8% loss.
Let’s keep a running 2 week tally from this penny stock list, using their daily picks at random to really determine profit potential. Since we have reached the two week mark for the first three picks, lets assume a low 100$ investment into each pick. After selling, the initial 300 investment would now be worth 361.8.
That means we place 120$ into each of the current three picks.
We will revisit these picks later in the week when they get closer to the two week mark. But now we will introduce the next three.
ZIPI .029
NXHD .0012
MDOR .7
If I had to venture a guess, then I would say that this hot penny stock picks list is nothing but a hype site that spits out random penny stocks. I have yet to see a discernible pattern for their picks and that is why I have withheld the URL until I have determined their legitimacy.