$2,500 for a 2010 YZF-R6

[YellowDog]

Sounds like you have the right attitude.

You win some and you loose some.

Just make sure that you learn when to stop.

Good luck.

[carver]

it is a great form of gambling in that you never lose your entire bet unless the co goes belly up which can take years of pain seeing the price retreat

sounds like drug dealing

[kiwi123]

I don't believe the kiwi will stay at it's current level for too long without killing the country so things will drop at some point.

For this to work, it will need to reach 75c, but not go above 80c, then drop to 60c

If the kiwi gets to 75c against the usd, open a trading acc with 100:1 leverage and take out a 50k sell position. This will cost you $500 and leave $2000 to absorb any negative movement against you. If it rises to 80c you will lose everything.

If it drops to 65c, you will be up $7500. Move your stop down to 70c and find an entry point to take out a second position with the $2500 profit you have just locked in. This is the riskiest part, as you will need to pick a good retracement to enter on, otherwise you will not have enough of a buffer to ride out any negative movements against you. If it heads back up to 67-68c take another 100k - 150k position.

You will only have about a 3-4c buffer here depending on position size, so if it goes against you, once again you lose pretty much everything.

(example, if you took a 100k position at 67c, you would have approx 4c of movement to "play with" before all your money and deposit dissappear)

If you can ride it out and it drops to 60c, sell everything and you will be up about 15k

There are a few other fee's like the interest rollover but it should't have a major impact if it works.

The chances of this going to plan are slim and I wouldn't recommend doing it, but the PM lives in a nice big house in Parnell because he did these sorts of things. Good luck!

[steel001]

OK one week down, didn't go as well as planned but still not a bad start. Am sticking with VIL pre spud as reckon this still has a way to go.

Initial Investment: 100,000 VIL @ 2.5c $2,500

Current Value: 100,000 VIL @ 3.2c $3,200

So $700 positive for the week, not a bad percentage gain of 28%.

Did hit 3.9c and I have traded my main holding a few times but I'm not day-trading my R6 portfolio just to keep it simple.

Need to try to get this into some sort of a format, will work on it.

[steel001]

I don't believe the kiwi will stay at it's current level for too long without killing the country so things will drop at some point.

For this to work, it will need to reach 75c, but not go above 80c, then drop to 60c

If the kiwi gets to 75c against the usd, open a trading acc with 100:1 leverage and take out a 50k sell position. This will cost you $500 and leave $2000 to absorb any negative movement against you. If it rises to 80c you will lose everything.

If it drops to 65c, you will be up $7500. Move your stop down to 70c and find an entry point to take out a second position with the $2500 profit you have just locked in. This is the riskiest part, as you will need to pick a good retracement to enter on, otherwise you will not have enough of a buffer to ride out any negative movements against you. If it heads back up to 67-68c take another 100k - 150k position.

You will only have about a 3-4c buffer here depending on position size, so if it goes against you, once again you lose pretty much everything.

(example, if you took a 100k position at 67c, you would have approx 4c of movement to "play with" before all your money and deposit dissappear)

If you can ride it out and it drops to 60c, sell everything and you will be up about 15k

There are a few other fee's like the interest rollover but it should't have a major impact if it works.

The chances of this going to plan are slim and I wouldn't recommend doing it, but the PM lives in a nice big house in Parnell because he did these sorts of things. Good luck!

Thanks Kiwi, am still trying to get my head around Forex trading. Will have some questions for you later no doubt.

[grusomhat]

Damn, not bad. If I didn't know how hard it really is I would say you made that look bloody easy.

Keep it up

[steel001]

OK Another week down , not the best as we had a capital raising thrown at us but the imminent spud means the shareprice had some traction.

Will be holding for the shortterm but this is where it will become interesting with the Spud date Friday.

Initial Investment: 100,000 VIL @ 2.5c = $2,500

Current Value: 100,000 VIL @ 3.6c = $3,600

2 Week Percentage Gain = 44% so not too bad.

A very interesting company if anybody cares to do any research is Medizone, based in the States.

[SPORK]

Your entire investment in one penny stock? Don't half take a risk do ya.

Keep us posted

[steel001]

Your entire investment in one penny stock? Don't half take a risk do ya.

Keep us posted

Haha only one stock for this one at the moment Spork, my actual portfolio is across 6-10 usually.

Will hopefully get the chance to diversify this one but just had to take a gamble on one I thought would get me some capital to get up and running.

[Tank]

$2,500 for a 2010 YZF-R6

100% risk free - Easy - How? See below































You just have to wait until 2020 when depreciation has done its magic.

[Cr1MiNaL]

good stuff if you need some off the record "advice" hit me up.

[steel001]

Bit of a shite week to be honest, placement shares hit the market and because the boys have no balls VIL was/is being sold down without mercy.

This is not such a bad thing though got stopped out at 3.4c so now holding $3400 cash, VIL currently trading at 2.6/2.7c so when I re-enter, which may be soon, I should be able to increase my holding to around 125-130K shares.

Next couple of weeks should be interesting, might get shows of oil/gas

[steel001]

Bought 100,000 shares in VIL @ 2.5c yesterday and holding $800 in cash, got a small buffer now incase there is no oil down the hole. Will look at investing the cash come Monday depending on how the markets are holding up.

So Initial investment $2500

Current Value $3,400

Holding 100,000 VIL @ 2.5c = $2,500
Cash = $800

[Winter]

any updates or did you loose it all and they have sent the repo boys out for your pc?

[steel001]

Ok all, sorry for the lack of updates but with Christmas/New Years etc everything was a bit quiet and to be honest I didn't realise people were actually watching lol

Still holding 100,000 VIL which after some Oil/Gas shows are trading at 4.5c so this has been a great buy so far, Monday will be interesting as we should find out if there is any Oil down the hole.

Also bought 160,000 @ .05c MHL with the $800 I had in the bank, is trading at .07c today so a small rise but Tony sage from CFE likes it so that's good enough for me.

So Initial investment $2,500

Holding 100,000 VIL @ 4.5c = $4,500

160,000 MHL @ .7c = $1120

So $5620 value from a $2500 investment, not bad but it won't buy me a bike yet.

Will update again on Wednesday or earlier if I buy/sell.