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Penny Stock Pick For August 2009

Original Post

I know they are very risky, but the potential gain is also very high. I always try and keep an eye for them. Here is my pick for this month: MDXO.OB It is a new gold mine company. I received the email from those online penny stock pumpers. I usually ignore them, but this company announced a 5 for 1 stock split effective august 10, 2009. Usually, when a company announces a forward split, the price of the stock goes up. There are only about 2.5 million shares around and I could only buy couple thousand shares because my order could not be completed at the limit price. I will try later. 0.71-0.73 might be a good price to buy. Anything higher is a bit risky. Warning: Usually penny stocks are pumped and then dumped. If you do not act in time, you end up being a bagholder. Diclaimer: I am not telling you what you should buy or sell. Please do your own Due Diligence! Sources: http://finance.yahoo.com/news/... http://www.stocksnewbie.com/st... Good Luck Everyone! Last edited: 03-Aug-09 03:46 PM

pat
Aug 3, 2009 3:45 PM · 15,802 views
2 Replies
pat Aug 7, 2009 8:04 PM
Hey, Did anyone buy this stock I alerted on august 3rd when the price was just $0.70 per share? The price has jumped to $0.91 in just 4 days. That was an easy profit of more than 26%. Congrats to those who bought in time.
DukuLanthe Aug 7, 2009 11:44 PM
Thanks for the pick Pat. I did buy at .75 and made some profit. Wish I had bought more shares.
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