The hot penny stock picks site in question is finally performing the way I had anticipated. It looks like their cheap penny stock picks are extremely suspect, which is to be expected with stocks under $1. But to give them the benefit of the doubt before I out their picks, let’s continue the experiment.
Remember that last week the first round of picks earned us a 20% gain using CMLT, PTSH and MIRA. Now we are looking at:
TNRI which closed at .0032 the week it was suggested, is now worth .0015 for a 53% loss.
SOYO which closed at .4 the week it was suggested, is now worth .35 for a 12.5% loss.
RPDM which closed at .0027 the week it was suggested, is now worth .001 for a 63% loss.
This was a beating. But closer to what I expected than the first round of picks that actually had a gain.
How bout the running total? The first week left us with 361.8, 360 of which we invested in the above stocks which gave us an average of -42.8% and a running total of 207.72. Meaning that overall we would have lost close to one third of our initial investment. Still think penny stocks are a dream come true? Let’s keep exploring shall we?
Last weeks picks are now:
ZIPI .019 from .029 for a 34.5% loss.
NXHD .0006 from .0012 for a 50% loss.
MDOR .61 from .7 for a 12.9% loss.
Really? Your stock picks are now down again? A total average of 32.5% and we have a week to go?
I firmly believe that the website in question really does not have a good hot ‘n cheap penny stock picks list and that they are just duping unexperienced investors. I am pretty close to positive you will see the same in the coming weeks.
The new line of stocks selected from their suggestions are:
GRDO for .0015
CENV for .005
PURO for .104