Quote:
Originally posted by McDick
I don't recommand people to buy pennies stocks because they are very high in risks. Your chance to gain will be greater at casino rather than pennies stocks.
I do recommand oil services/drilling stocks! Here is some of my hot picks.
HYDL - $74.45
COP - $61.81
GRP - $43.74
MDR - $63.90
SPN - $31.08
**All prices as of May 25, 2006**
Most oil related stocks just took a major correction (20-30%) over the past 10 days. Is really a great time to buy any of them as the summer driving seasons starts on Memorial Day. When you combined with Iraq, Booming China fuel comsumption, and starts of Hurricane season, you will have a win-win situation for the long run.
Just my 2 cents.
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My Update on those stocks that I picked back in May 25, 2007.
HYDL - $74.45 (Buyout at $97.00) - 30% Return
COP - $61.81 (Currently $86.30) - 40% Return
GRP - $43.74 (Currently $57.40) - 32% Return
MDR - $63.90 (Currently $91.37) - 43% Return
SPN - $31.08 (Currently $39.85) - 28% Return
Not bad of a return in a year.
Personally, I also have AAPL and MA in my account. I got AAPL @ $108 (Currently $143.75)and MA is $106 (Currently $165.28)