PENNY STOCK PROFITS

I like to look back on the various ideas I have had for different kinds of portfolios. 

On December 20, I suggested the portfolio below, which is up a whopping 38%. The stocks I chose were based on the prices (pennies) and because they were real companies with real revenues/earnings. As opposed to some other people who promote penny stocks that have one employee and have never made a cent. 

Biofuel would be one of those real companies, they did nearly $500m in sales in the first 3/4 of last year. http://finance.yahoo.com/q/is?s=BIOF

BIOF has gone from .57 to .73 and now would be a good time to sell. (yesterday would have been much better). They will be reporting earnings next week and anything could happen with the stock price.  So considering we are up 28%, it's a sell. We had this stock in our main portfolio, Stock Market Double, and sold yesterday for a 46% profit.

Everything else, we will hold onto.

Notice half the holdings in this portfolio were in my main account, The Stock Market Double Portfolio. I am a big believer in low priced stocks with good fundamentals. They can be a bit volatile, but you have to know this going in and be willing to be patient until the stock price cycle evolves. The difference between the Penny Stock Portfolio and the Stock Market Double Portfolio is that the Penny is a bit more speculative.

   

Penny Stocks

Penny Stocks worth Buying 12/21/2011
1. biof .57 (28% gain)
2. dysl $1.60 (29% gain)
3. acad $1.25 (37% gain)
4. tgc .70 (60% gain)

P.S. I will be adding Ballard Power Systems (BLDP) at $1.56 to the portfolio, replacing BIOF