The Investing Game
Posted by OtterMan on Sat, 20 Feb 2021
$5K - 52 Weeks - 20 Penny Stocks
Week - 1
Write every week. I guess that’s the main goal and the only reason I’m using this particular platform is because I’m already on it and don’t need to set something up. I’ve never tried writing something on a regular basis. Wait, that’s wrong. I wrote a weekly roller hockey column for a town kids league. It showed up in a very local paper, but it did have my name on the line! That was a long time ago though and I briefly forgot about it. Now that I think of it, it might make a good format.
Demonstrate and test an investment strategy. So if you start looking into or reading up on investing, one maxim that pops up is having a disciplined investing plan and stick to it. It’s a fine piece of advice assuming the investor knows enough in the first place to concoct such a plan. This was my situation a year ago. Having gained this recent experience I’m prepared to execute a plan of my own design and evaluate the results.
Lock the strategy in by being public. Once I publish this intent in any sort of public forum, I am bound by my own sense of honor to uphold the conditions. It’s a kind of Germanic/Viking thing!
Enjoy the experience, have a little fun and learn along the way. I am looking forward to observing these 20 companies over the next 51 weeks. I expect a fairly wild ride out of some of them. I do expect most of them to be positive by the end of the year. My expectation is that at least a handful will do well enough to justify the investment. The question I find interesting is, which one?
The start - OZOP
Several weeks ago I became aware of a company called OZOP. I’m not even sure I remember where I found this little gem. I made an initial buy at $0.04 a share. It peaked then plunged and I took back my initial buy on the way down, leaving a substantial number of shares behind. This pretty much constitutes “free money”. Taking back my initial investment allows me to take a longer view of a stock I was not yet all that sure of.
This is my first experience with a stock that has a fan club. It’s an online message thing and people get, umm.. agitated. I think that’s the word. There’s an expectation, or anticipation many investors buy into. A week after I bought I’m up almost 300 percent, got a good jolt of jackpot fever! In another week it snuck above 40 cents a share! Didn’t stay there long but a one thousand percent gain in two weeks is difficult to overlook.
The reality I think of even the best stock in this weight class, shall we say is, it’s a long way to the top if you want to rock and roll. When the market goes down, and it will, everything goes with it. This past week was a little more exciting than usual with a big drop on Thursday and an encouraging Friday upturn. The buy here was $0.29 ‘ish. In this weight class they trade at four decimals.
IQST is this week’s leader with a substantial one week gain, while FUAPF and XPL chug along respectably in second and third.
IQST is iQSTEL, Inc. they are a technology company. Also technically in the tech field is one I can’t help but pronounce with the F silent. They offer, near as I can tell, an app to help people find their cannabis more easily! I wish Fundamental Applications every success in their quest to capture first place. XPL is an old friend I’ve been watching for some time and just never pulled the trigger on. Solitario Zinc is a mining company with its most significant asset in Peru which has posted steady gains while I was observing it. This was a fill in sub for one of the rejected on my original list.
Bringing up the rear, Tesoro Enterprises, SinglePoint Inc., and Megola Inc. have some ground to make up. 30 and 40 percent swings occur daily on this list, so it’s not out of the question! Stay tuned..