How I made $62,500 with an investment of just $2,500 in Penny Stocks
Around eight weeks ago I decided to learn more about penny stocks and small cap companies in the stock market. I have heard from extraordinary profits in those shares and decided to do some investing on my own.
I soon realized that investing money in stocks is not as easy as it seems. One has to consider a lot of factors and spend a lot of time if not days with education. Technical analysis alone is a topic that will take an inexperienced investor months to understand. And this is no guarantee that you will make profits with the stock trades.
There for I thought it would be best to look out for stock picks and recommendations. I found a website that claims to have a proven record of their stock recommendations in the past. The profits reached from 100% to 800% according to the website. I was tired of getting lost in the Internet and because their service is for free I gave it a Go and signed up.
The following day I received a phone call from a Mr. Lynn who introduced himself as an analyst for a brokerage. Over the next half an hour Mr. Lynn explained the basics of his analysis and under which criteria stock picks are being made.
He answered all my doubts and I decided to give it a Go and invested $2,500 in small cap gold company.
For the next few days the share didn’t move much and it wasn’t until almost a month until the stock suddenly started to raise in an extreme way. The rise was that sudden that my investment climbed from 0,03 to around 0,40! I didn’t trust my eyes but after confirming on the established financial websites it was clear that my stock made me a gain of around$40,000 in less than one month.
I decided to call Mr. Lynn and ask him for his thoughts. He recommended to hold the investment for a bit longer and sell at or around $0,45. I agreed and gave him the order to sell my stock at that level not knowing that the stock would reach it already the NEXT DAY!
After selling my stock I am looking at a profit of 2500% or $60,000 thanks to Mr. Lynn.
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