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Penny Stock Forum Penny Stocks are low-priced issues, often highly speculative, selling at less than $5 a share. Penny Stocks are traded on pink sheets and the OTCBB

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  #1  
Old 09-03-2010, 07:59 PM
Timbo Timbo is offline
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Default ELRA ELRAE Elray Resources Inc. OTCC

Recently noticed this one again, havent played it in awhile. Set a low of .02 and currently trading in the .023 .025 range. Volume is kinda low but somebody is buying it up. Havent found much on the boards about it. A good volume shot should see it move.
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  #2  
Old 09-04-2010, 07:06 PM
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Default Re: ELRA ELRAE Elray Resources Inc. OTCC

Thanks MODS for a spam free site.

Last edited by Timbo; 09-05-2010 at 08:26 AM.
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  #3  
Old 09-08-2010, 06:05 AM
Timbo Timbo is offline
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Default Re: ELRA ELRAE Elray Resources Inc. OTCC

Still in limbo mode, added more at .023. Volume is thin.
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  #4  
Old 09-08-2010, 07:56 PM
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Default Re: ELRA ELRAE Elray Resources Inc. OTCC

OOPS so much for that one.
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  #5  
Old 09-09-2010, 07:17 PM
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Default Re: ELRA ELRAE Elray Resources Inc. OTCC

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Originally Posted by Timbo View Post
OOPS so much for that one.
These things will fool you sometimes, started to cut my loss but figured I'd hold for a bit since I only have a couple hundred in it. Almost tried to get some .018s but already have my gambling money tied up. Feel like something is fixing to happen with this one so I'm holding on to my shares.
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  #6  
Old 09-12-2010, 12:12 PM
Timbo Timbo is offline
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Default Re: ELRA ELRAE Elray Resources Inc. OTCC

Averaged down on this one and got out for a tiny profit. Got back in in the .018s This one will leave you wondering and run without you. With the volume being low sometimes you can set a bid and shake out the weak hands, as I believe this is the case- I still believe this one is fixing to run because someone is buying it up down here.
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  #7  
Old 09-13-2010, 05:42 PM
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Default Re: ELRA ELRAE Elray Resources Inc. OTCC

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Originally Posted by Timbo View Post
Averaged down on this one and got out for a tiny profit. Got back in in the .018s This one will leave you wondering and run without you. With the volume being low sometimes you can set a bid and shake out the weak hands, as I believe this is the case- I still believe this one is fixing to run because someone is buying it up down here.
A dollar here and there adds up. Out again for a decent profit, new bid didnt take yet. Low volume play but its working for me.
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  #8  
Old 10-17-2010, 09:34 AM
Timbo Timbo is offline
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Default Re: ELRA ELRAE Elray Resources Inc. OTCC

Still playing this here and there, we're back up to .024 a decent gain from .016-.018 WOO HOO. Volume is dead but if we get more buyers it will be a decent play. I like to put a little gambling money in these and wait it out, XHUA recently had the same filing so I'm in stalking mode on both.
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  #9  
Old 10-27-2010, 10:09 PM
Timbo Timbo is offline
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Default Re: ELRA ELRAE Elray Resources Inc. OTCC

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Originally Posted by Timbo View Post
Still playing this here and there, we're back up to .024 a decent gain from .016-.018 WOO HOO. Volume is dead but if we get more buyers it will be a decent play. I like to put a little gambling money in these and wait it out, XHUA recently had the same filing so I'm in stalking mode on both.
You never know when/if these will hit. I held a fairly good size position from flipping these and my average was .008, sold out today near the HOD. Finally got some volume but the sellers raced for the door and it couldnt hold up. Like any game of gambling sometimes it pays off.
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  #10  
Old 10-30-2010, 05:40 PM
Timbo Timbo is offline
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Default Re: ELRA ELRAE Elray Resources Inc. OTCC

Still getting a little volume here. It has TONS of holders trapped at much higher entry levels, cant climb much with sellers standing in line wanting out. I'm ALL OUT from earlier in the week but watching from the side.
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