Quote:
Originally Posted by JohnnyDrfiter22
When I first started in the stock market I tried penny stocks; I did use sharebuilder; I have one awesome story.
in 2005-6 I heard about this company in China, it was the only Coal company in that country and they had just started out. the ticker is PUDA, I sunk about 3K into this company over a course of 4-5 years. it started out at 4 cents a share. 08-09 it got momentum I was seeing $5 a share. when I finally sold it in 2010 when I decided to buy a house I sold it at $10 a share. I didn't become a millionaire but it was awesome.
Right now I feel like the stock market is overpriced and it will most likely come down but wont be until mid 2015.
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If you had 75,000 shares total over the 4-5 years and sold at $10...that's an
incredible score. I'd imagine after US taxes and fees you were down more then the typical 13% but if you walked out with even half of that you're laughing.
I'm also guessing you fell short of 75,000 shares as during that time you had probably sold and bought during periods. Either way, selling at $10 a share is incredible coming from penny stocks.