August
17

Penny stocks that made it big

Topics: trade ideas
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The New York Times rarely covers anything but mid and large cap stocks, but today columnist Floyd Norris had a challenge for readers: name a penny stock that has become a big company.  To qualify, the stock must have actually traded under $1, not just on a split-adjusted basis.

Readers provided some interesting picks: blue jeans company True Religion (Nasdaq:TRLI), Nutrisystem (Nasdaq:NTRI) [Ed. note: when NutriSystem traded under $1 I’m fairly certain the symbol was THIN), Apco Argentina (APAGF), Mylan Labs (NYSE:MYL), Imclone (Nasdaq:IMCL), Conqur (Nasdaq:CNQR).

Here’s my pick: Titanium Metals (NYSE:TIE).  You don’t even have to go back that far.  In November 2002, Titanium Metals traded under $1 per share (not split adjusted).  That was just before it went on a tear, rising over a hundredfold over the next five years.

DISCLOSURE: No positions.

Titanium Metals

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6 Comments for

Penny stocks that made it big

  • Kevin H | August 17th, 2008 at 9:09 pm

    How often do you think penny stocks make it big?

  • MS | August 17th, 2008 at 10:18 pm

    @kevin: very, very infrequently. Its much more common for those penny stocks and even non-penny microcaps that experience a phenomenal ascent (lets say 20-fold trough to peak or more) to give back a large portion of the rise.

  • Marshall Smith | August 22nd, 2008 at 2:26 am

    RNNM.PK: have you guys checked out the recent testing of track testing for the Scorpion(TM) eco-exotic. It has quality features like high-speed passes, along with high-speed/high-angle turns, acceleration and high-speed braking etc. Click on the following to see it now:
    http://www.youtube.com/watch?v=0Y_gumpBuko

  • Chad | September 1st, 2008 at 3:36 pm

    here’s one possibly. SPNG. checking out the boards and this one has a real 10K that was spectacular and they say they have 30 million more in sales that will reflected in the upcoming 10Q’s. right now it trades @ .045. no telling what it will be after Tuesday.

  • Marshall Smith | September 24th, 2008 at 10:34 pm

    ZIPI.Pk : The Money Flow Index (MFI) has risen steadily all week as has the On Balance Volume (OBV). The MACD analysis on the stock indicates increasing upward momentum for the stock with a very significant crossover of the zero line earlier last week.

  • Marshall Smith | September 24th, 2008 at 11:01 pm

    Zippi.PK :- Audio/Video chart on IHub: http://investorshub.advfn.com/boards/playavideo.aspx?v_id=173

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