did you see that 4 days ago it went to .001 and if you had sold 1 million shares you would of made $1,000 if you had bought it at .0001.

SMWFE is a good one to play alot of flipping in the last 5 days so I am going to buy on my next sell which I hope is today

Frank

What is the link to get sub penny quotes?

Stock Screener - Free Stock Market Screeners at NASDAQ.com

Frank,

I am enjoying watching your progress, and I did find out I just needed a Limit order through Zecco to place a larger order.
Can you tell me how you are going to get hit with the taxes on these? Won't you have to pay the higher (28%) amount on the short term trades, or is it just on your total income for the year?

Kb

You're right. I've learned alot already. But when I looked at the company I think it will have prospects to spike sometime in the not too distant so I'l have to hold it. But it has been a flat liner for a long while. I have a buy on SMWF which fits the flip model well. Thanks for the info. Maybe I'll be the straw that moves RMTD forward as you said LOL.

GOIG and bhwf.

Frank,
Did you notice the name change SMWFE - SNWF

Sorry, that's SMWF

why do you play the high number like .0005 ? in order for you to flip it ...it needs to go to .0010 and it might take some time to do that.
I buy .0001 stocks and put $100 per trade and sell it in a week or less for $200 and have been building my 1 million goal since feb 27 2009 and if you have not read the forum I put $40 in it and now have close to $2,000.
I have flip
MGLG 8 times
AERP 3 times and got 3 sells out right now
SNRS 3 times
ECCI 1 time so far
BCND 1 time so far
here are my outstanding trades
06/15/2009 16:55 IHGP 1000000 Sell $0.0002
06/08/2009 15:20 AERP 1000000 Sell $0.00019
06/04/2009 09:58 AERP 500000 Sell $0.00019
06/09/2009 15:37 AERP 2000000 Sell $0.00019
06/04/2009 10:06 FMNJ 1000000 Sell $0.0002
06/04/2009 10:07 CXAC 1000000 Sell $0.0002

06/11/2009 13:47 TYRIA 1000000 Buy $0.0001
06/16/2009 14:24 SMWF 3000000 Buy $0.0001
06/16/2009 14:32 ECCI 1000000 Buy $0.0001


and many more that are throught the forum just for you to read about my plays and see how to play these sub pennines to make a 200% return each time not just once in a while. I am the proof .
Frank

Frank - I am on board with your system, and I'm in the process of entering it too. I have two orders in today:

1. ECCI - $.0001, 950,000 shares ($95)
2. IHGP - $.0001, 950,000 shares ($95)

I'll plan to sell at $.00019 like you. I do want to point out that with the back end $4.50 per trade, each trade would net only $175.55 for a realized gain of 62.61 %. Not 200% per trade.

It's important to put that data out there for everyon reading. That being said, with my initial $200.00, I'd need 3 trades in the first month to truly double up my investment....that would take my $200 to $ 526.65. That would be a monthly increase of 263.32%.

That would be a great start. I do have a few questions:

If you are trying to keep you investments between 1 Million - 3 Million shares...obviously as you get up to month 5 or 6 and beyond, that's a lot of trades! How do you figure to do that?

Are you going to invest more money? Perhaps $1000 instead of $100?

The higher this goes the harder it becomes, and it may require some more difficult decision.

Also, somebody else raised this, but don't forget...you will owe capital gains on all your profits. You will be taxed at a higher percentage since you haven't held for a year.

So, make sure you account for that as well.

According to my math....I'm on par to the following...however, I think it will not be as straight forward as you hope. However, with some hardwork it can be done:

# Projection Actual Month Date Completed
Start $200.00 Jun-09
1 $400.00 Jun-09
2 $800.00 Jul-09
3 $1,600.00 Aug-09
4 $3,200.00 Sep-09
5 $6,400.00 Oct-09
6 $12,800.00 Nov-09
7 $25,600.00 Dec-09
8 $51,200.00 Jan-10
9 $102,400.00 Feb-10
10 $204,800.00 Mar-10
11 $409,600.00 Apr-10
12 $819,200.00 May-10
13 $1,638,400.00 Jun-10
14 $3,276,800.00 Jul-10
15 $6,553,600.00 Aug-10

CFranklin