The Stock Market Experiment is Underway

This week I made my first purchases of penny stocks and thus far I am down about $100.00. When I announced this experiment, I was over-zealous in my race for a quick buck but I am hanging tough.

My penny stock investment portfolio is as follows:

BCND – BUY 1,000,000 shares – Beacon Redevelopment Industrial Corp – (Public, OTC:BCND) – purchase price at $0.0003 US per share

APNT – BUY 1000 shares – Applied Nanotech Holdings Inc. – (Public, OTC:APNT) – purchase price at $0.35 US per share

APNT – SELL 50 shares – Applied Nanotech Holdings Inc. – (Public, OTC:APNT) – sale price at $0.40 US per share

SIRI – 600 shares – Sirius XM Radio Inc. – (Public, NASDAQ:SIRI) – purchase price at $0.153 per share

I made a couple of mistakes with these buys and sells.

Firstly, I wanted to buy the 1,000,000 shares of  BCND at $0.0002 per share but forgot to change set the limit price and went with market. Oh well live and learn.

Secondly when I sold 50 shares of APNT I forgot to check the all or nothing category in the buy form.

Although APNT has tanked this week, I feel comfortable that this stock will rebound as they have been securing contracts with the US Military and Homeland Security, hand over fist. Their future looks bright even though their website is a design and functional embarrassment.

BCND is an interesting company. They specialize in buying crap properties cheaply and salvaging them or milking them for all they are worth. This penny stock, in my mind, is vastly undervalued. If it can even get up to $0.05 / share I will make a lot of money.

With SIRI I see a big upside. With the merger of Sirius and XM, duplication of service is being removed, leaving a more streamlined cost-effective company that is way undervalued, especially with over 18 million pay subscribers.

Sirius is completely destroying terrestrial radio because it has a much wider reach, less commercials…way less, and is not under the microscope of the FCC.

This ongoing experiment is going to be for the long haul. Already I have set up with my bank to fund my online trading account on a monthly basis at $100.00 per month. I am just looking at all of the opportunity in the market and know that stocks will bounce back.

The sad sack excuse of an economy has been caused by greed and lack luster government policies or lack thereof. I still think that the US dollar may at some point need revalued but I would sooner hold stock certificates than monopoly money. Again, as I said before, all of my profits will be converted to hard gold in lots of $1000.00.

Technorati Tags: penny stocks, penny stock, stocks, stock, investment, investing, Sirius, XM, Sirius XM, Terrestrial Radio, FCC, BCND, APNT, SIRI, Beacon Redevelopment Industrial Corp, Applied Nanotech Holdings Inc

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