Ive actually had a horrible time with GGP and still up. I saw it initially at 4.5p, went to buy it with T212 when it was ~6p and had all kinds of issues buying and selling. Glad to say T212 have now fixed the issues, but it’s probably cost me a grand or two in the long run.
I also fell for the buy the rumour and sell the news so it peaked at 9.5 and then dropped pretty much back to 7.5p where I bought in rather than up to 12p.
I know full well it’s working the 7.5p to 9.5p range until June but I haven’t had the balls to top slice just in case it rockets up and stuck trying to buy in again at 11p.
If I had managed to buy at 6p, sell at 9.5p and repeat on the dips that would be a few thousand.
Anyway I’m happy for it to just tick along, whilst I’ve been burnt before with AIM I think it has 30p+ written on it. So from here a fairly safe X3 or X4.
I actually had 50k shares in GGP but sold 10k for a nice profit to play swing trading with the Healthcare penny stocks. That’s kinda working out but I’m a rookie, and I don’t really have the setup or time to keep eyes on it, but like the idea of doubling money within a day.
I’m kinda torn between the making the quick buck but possibly buying duds VS stick it with some stocks and ETFs and stop watching it for a few months.
These penny stocks are going up so even if you miss the entry you can usually break even within a week, but there will probably be a point where they explode in a bad way.
You also have the NVAX and MRNA which has made me money, but I’ve had to work very hard when it’s gone the other way so I’m not left the wrong side of the dump.