@furniture
Hope you don't mind me quoting you...I got a notification on cgm a stock you posted on, which I previously posted on in the past....
The reason I want to quote you, is after re-reading the thread the words of wisdom in those posts need to go into the knowledge library
Post #:
18282703
Post #:
18284612
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I stumble across them but a guy told me on here once there is a specific site
I just cant remember it sorry..you can go to asx site and look through lists etc
I usually know plenty of them cause have been playing them for years
Importantly you need patience with them
Things to watch out for are registers and if interests align
Some take years but reward plenty
Others take weeks or months...
If your new to the game you are lucky cause the market is pretty friendly now and the returns on offer are staggering
My advice and its free is to bet small on any micro that is 2 to 3mill cap and has
Gold silver things like that
Others play different sectors but gold and silver always pay off (timeframe unknown)
Cgm l know from years ago and actually bought at 2cents or something like that then it ran to over 10cents
In the end its very very rare to luck a penny that actually is a great investment so never get lost in the noise
There is a few but you need to see managements actions on how they handle registers...bar..lbt are gauges on what to look for in longerterm holds
The rest well anything that runs from 1cent to 10cents then back to 1cent sort of tells you its not really worth being commited longterm
Mind you some do come good
Moz which is vrc l bought at 1cent ..ivr 1.2cents..bar .005cents
List goes on....then be prepared for the duds you will find plenty but reality is finding them first and early on really keeps you ahead of the game
This thread is not busy so one that l am looking at is auk its a cheap gold play but very hard to buy anything at current levels so gotta stay patient
Not saying its a great stock but hey 3mill cap gold silver play its easy money one would think...still nothings a sure thing
I hope you have great success and remember if you make plenty always try to help others doing it tough
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In saying that cgm is a pure punt
It has a small mcap and with a bit of fairy dust and momentum its a 2 to 5bagger from .002...this will gain traction
Yearly high .004 valuing stock at 2mill cap
Not sure if debt exists but its all about catching the right wave
Hopefully 4cents can be achieved but pretty safe to say higher prices can be achieved from low levels...timeframe unknown
Let say a 1 thousand dollar bet at .003 equals 333000shares
At 1cent you sell 100000 shares and have a free bet of 233000shares from there anything goes....do this on most spec stocks in right sector and your few k turn into bundles....importantly you have to buy cheap and be patient
Also hunt them like your life depends on it
Be patient look for stocks that have made great gains then sat idle for a few years at lows....history repeats...you will find that doing this you run into hardly any dog stocks because you bought it when it was a dog and sold it when it was a darling....importantly when you sell your stock make sure you dont sell at the top as l believe in karma and hate seeing people lose money
All in all most stocks are cheap dreams
