The Investing Game
Posted by OtterMan on Sat, 09 Oct 2021
$5K - 52 Weeks - 20 Penny Stocks
Current Status (-$3,396.55)
Week - 34
Things That Annoy Me!
Drivers who stop at the end of the on ramp, People who drink lite beer, Cowboy’s fans!
Trying to think of all that is annoying in life can be a time consuming endeavor. I drive frequently so many of my favorite annoyances are travel related. I drove ride share for a couple of years before the pandemic disrupted pretty much everything. I’ve been a service guy for the past four decades and drove extensively for most of that time as well. A twelve hour drive to Indiana is my idea of a fun road trip! My advice to nervous drivers attempting to merge into interstate traffic is to locate the tall skinny pedal underneath your right foot and exert enough pressure on the pedal with your foot to cause the vehicle to accelerate! This allows for a smooth merge into the flow of traffic, avoid the wider pedal just to the left!
Radio stations can be a source of travel related dismay. I prefer an Ipod with a carefully curated selection of music drawn from a wide variety of genres precisely arranged into mood appropriate playlists. My wife prefers top forty pop radio! After a few hours of hearing the same twelve to fifteen very similar songs on endless repeat I’m ready to tie myself to the roof rack for the duration of the journey! Journey..! Now there’s an annoying band. Kansas, Styx, Def Leppard. “Pour some sugar on meeeee….” No thank you, a little early Queen or some Janis Ian would be nice however. Kurt Vile, ohh! Give a listen if you want a little ear candy. You’re welcome!
It has been often said (by me) that lite beer is for people who don’t like the taste of beer but want to urinate more frequently. Decaf coffee falls into this slot as well. Beer is not a health food, if I want fewer calories in a beverage I’ll pour a tall frosty glass of carrot juice. I am long past the age of slamming a six pack and singing loudly off key. I would much rather sip a mellow lager or a hearty fragrant porter and then sing loudly off key. I dance like a chicken on Ritalin and sing like an ‘82 Impala with a hole in the muffler. Proudly! I don’t mind so much when others are annoyed you see, it’s really more a me thing.
I could go on I suppose, plenty of meat on this bone for a follow up. I’ll choose to cease being annoying for the moment and move on to the central topic. You’re welcome..
Another two week update, the market has continued its lackadaisical malaise. It's been a crap fest in other words. Small loss in week 33 and a less small loss for week 34. There have been a couple of bright spots in the list, some movers and shakers as it were, just not enough to offset the drops. Smart Metric (SMME) made a substantial gain of over 80% in W33 and followed up with another more modest gain this past week. Well done! My big news is this week’s rocket ship from my favorite little micro penny, World Health Energy Network (WHEN). A gain of 80% and moving up four spots in an impressive run this week.
In the interest of full disclosure, the stated rules of the game from the beginning were to hold twenty penny stocks for 52 weeks and evaluate the results at the end. That paradigm remains intact however I have added shares to one position (OZSC) here as well as buying (SHMP) in my main trade account after they uplisted to NASDAQ. I don’t consider adding shares to be a technical violation of the game. The spreadsheet results will only cover the initial buy positions for the sake of consistency. I am seriously considering putting additional funds into a couple of others. My initial buy point turned out to be, overall, at a very inflated point in the general market. Many of my positions, both here and in my more serious portfolio, took a steep dive in the February/March window that the game started in. We appear to have found a bottom at last and having some familiarity with this particular group I may cherry pick a few to see if I can recover some investment.
Smart Metric (SMME), Strike Force (SFOR), Cyios (CYIO), and World Health Energy (WHEN) have all shown recent signs of potential steady gains. I actually put in a bid for 1 Million shares of (WHEN) this past week. The bid price was Zero point zero-zero-zero-seven. With that many zeros the bid was $700. I placed it after the price had jumped from 0.0005 to 0.0009 and was hoping it would slide back to me. Didn’t happen and I bailed on the trade. The price actually shot all the way up to 0.0011 at one point this week. The interesting thing about having one million shares at this price level is that every 0.0001 tick up or down represents a hundred dollars. If it backs up again this week by a little I may pull the trigger, on the other hand if it runs up again this week I might jump on it too. Decisions, decisions. The others I mentioned are on my radar too, a few hundred well placed bucks might pull this thing back in the right direction.
We shall see what happens!