Record Breaking Gain for Penny Stock Picks - 6500% in a Single Day
Online, October 15, 2010 (Newswire.com) - The Penny Psycho, the writer and picker of hot penny stocks behind the famous penny stock alert site, pennystockalerts.com, has sent out a hot penny stock pick that reached an all-time high gain eclipsing all previous records held by any penny stock newsletter.
The morning of Friday October 8, 2010, the Penny Psycho sent out a penny stock alert on a virtually unknown company called IVVI - Ivivi Technologies, Inc. This company is also known as Montvale Technologies.
He saw a potential opportunity for quick day trading gains when IVVI hit their 52 week low the day before. The company looked like it traded very thinly, so he sensed that when IVVI bounced back, it would bounce back hard and produce huge gains for anyone who traded IVVI.
Boy was he right, IVVI ran from .0035 (3/5ths of a cent), all the way to fourteen cents in a matter of MINUTES!
This produced unbelievable gains for many of his followers who traded the penny stock IVVI. The gain from when the alert was sent out to the high of the day, just about 10 minutes later, was a mind boggling 6567%. When the day was over, IVVI was the biggest gaining penny stock in the entire stock market.
Needless to say, the Penny Psycho's followers celebrated in delight and now he has a powerful cult-like following of eager penny stock traders. His penny stock alerts have the best track record of any newsletter. In fact, the next stock he picked was FSTH, sent out Sunday night October 10th, 2010, when FSTH was at 20 cents.
The very next morning FSTH quickly ran to 60 cents, for a 200% gain.
The Penny Psycho is well known for sending out the hot penny stock picks to his followers, for which he charges no fee. His penny stocks are often considered to be reliable winners. Many look at him as a modern day Robin Hood, helping the average investor make the kinds of profits that are normally reserved for Wall Street elite with insider connections.