Investing

Canadian Small caps and Penny stocks

  • Last Updated:
  • Nov 24th, 2020 11:16 pm
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Deal Fanatic
May 22, 2003
5223 posts
2416 upvotes
Vancouver
JonahMan01 wrote: Any thoughts on CTS, been on a run I want to get in but scared its too late.
I'm up over 100% on this and may trim heading into earnings. Reason being they are still negative earnings and I suspect they may do another capital raise at some point.
Newbie
Feb 5, 2019
89 posts
32 upvotes
Bought some BABY.V here at 2.2 hoping to see a run up soon back to the ATH
Deal Fanatic
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May 2, 2006
7314 posts
1875 upvotes
GTA
Added SSVR @ 1.04. Oversold.

Out of DM @ .115 (break-even).
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May 2, 2006
7314 posts
1875 upvotes
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Added NNO @ 2.60 on gap fill. Trading at discount to financing.

In HUGE @ 2.35. Not a fan of this management group but technical setup is very intriguing. Tight stop in place.

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May 2, 2006
7314 posts
1875 upvotes
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Out of HUGE @ 2.29 (from 2.35) with a small loss but may look to re-enter.

Back in KNR @ 3.37 avg.

Stopped out of IPA @ $2 (avg 1.38). Looking to re-enter soon.

Filled more KNR @ 3.15. Still an open gap at 3.10 that is likely to fill before bounce but we'll see.
Deal Addict
Nov 14, 2006
2235 posts
1132 upvotes
GTA
lilmikey wrote: I'm in positive on my small position of CBII , will look into avg up with my IPA gains since IPA been dumping.
CBII doing well so still holding on , will look to trim some soon.
Added more ATE at 0.32 , avg 0.35

IPA been dumping so have my stop at 1.78 with with my initial buy at 1.51, sold half at 3.13, but added some at 2.15 .....

Hard when i'm not near CPU to watch so stops need to be up and alerts for me, I dont like trading like this but need to with whats going on with my life now.

G/L ya'll
Deal Addict
Sep 5, 2010
2248 posts
330 upvotes
Toronto
I bought a company called Weekemd Unlimited (POT) about a year ago and it is almost criminal what they have done with this stock.

I bought around 1250 share for $100 (8 cents a share)

About 6 months ago, they consolidated 10 for 1, so I ended up with 125 shares. But instead of the price going up, it eventually went down to almost same level it before the 10-for-1 consolidation.

And if that wasn’t enough, few weeks ago, they did another consolidation! This time was 5 for 1, so my 125 stocks are now down to 23 only. Or if you go back to the beginning, 1250 to 23! And my losses are close 96%!

I understand this is expected with penny stocks and this is my second gamble with penny stocks, but to me this is criminal. You consolidate to create more demand and limit the availability, but it seems every time they do it, the price goes lower and lower.

So while I won’t say I will never buy penny stocks, I will be extra careful and instead of my limit of $100 on penny stock purchases, I will probably lower it to $50.
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May 2, 2006
7314 posts
1875 upvotes
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Buying back IPA at 1.99 - 2.00. It doesn't look like that gap fill is happening but leaving some room in case there's another push down.
Deal Addict
Nov 14, 2006
2235 posts
1132 upvotes
GTA
CBII halted on Offering of 0.47 , may avg up on the dump.

SONA recovering on the gap down open, didnt play this

SU and AC on their lows , not penny stocks but maybe a good start position on long term, AC financials are coming out so will maybe wait to see what happens with them after those come out. AC has always bounced from the high $14 low $15 mark so just watching for now.
Deal Addict
Oct 3, 2007
3107 posts
414 upvotes
VERY.CN is killing it on no news still. Lol. Up over $3.30. Was in @ $1.41.
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May 2, 2006
7314 posts
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GTA
This could be related to KNR as well...

Jr. Member
Sep 11, 2007
180 posts
20 upvotes
KNRis going to have a huge month this November thanks to their recent announcement, and upcoming certifications/sales. It will be quite a ride this month now that their limit detection is confirmed

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