Tuesday, June 23, 2009

Favorite Hustle revisited......

If you are a reader of this blog, you know that my favorite Hustle is trading penny stocks. I use a combination of fundamental and technical analysis and have developed a certain level of skill which has allowed me to make some very profitable trades. I really enjoy learning about various companies and forecasting their short-term prospects. So much so that I'm launching yet another blog called - BlueCollarStocks.com- which will focus on one stock each week that I feel has the potential to return outsized gains within the next 2 to 6 weeks. I hope to have BCS online by July 1st but until then my current pick is IGNT.PK which is trading around 0.0110 and would be a great stock to add to your hustle portfolio. Back in May I recommended SPNG.OB to the readers of this blog at .0216 per share and it hit .280 earlier this month, each $100 would have fetched you a nice $1296. Now that's hustling up some money. If you're new to all this and need to sign up with an inexpensive but professional broker, my recommendation has changed from Zecco (which has raised the minimum account balance to receive the best benefits) to TradeKing which is the first brokage I ever used because of the $4.95 flat commision. You can start your account with any amount and build it on a monthly basis.
As for this blog, I will continue to investigate any and every money making opportunity that cost little to start and can be operated on an extremely part-time basis. Hope you are taking care of business and keeping a postive attitude.......keep up your hustle!

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