$PEIX - Penny Stock Business

Update: Long Term Hold: $PEIX

So this whack off of a stock still hasn't done anything for me yet. It did get me excited for a little while when it shot up to .47 and I was thinking here comes retirement but bam bam few days later back to normal life and it goes back down. I have a position of 3000 shares at .37. I wrote about $PEIX back in January in this post and not much has changed. God knows what kinda biofuel or cow sh*t fuel they are producing sure ain't making them any loot which means Ima be making no loot as well. Again, I'm not a penny stock investor, I know it has the potential to make me nasty $$$$ but I need to see some potential. I need to see some upwards movement like I am in my $COH post. This $PEIX is like a stale donut it ain't gwanin in no ones stomach but it sure is gonna come outta someone's as* because its a piece of sh*t. :)

Calculations:

The Negative Side
My position: 3000 at a price of .3734 = $1120.2 of my loot is smacked into this stale donut. The current price of this stale donut is .3113 which means I'm in the hole -$186.30. And trust me out of all the stocks that I am holding $PEIX scares me the most and reason is because its a penny stock, it can just as easily go to .10 or .05 and that's it, there goes -$800 outta my pocket.

The Positive Side
Now because my position is so massive at 3000 shares and the price of this cow sh*t stock is so low it also gives me insane upside potential. The thing with these penny stocks is that it's a wait and wait and wait and wait game, until $PEIX doesn't figure out how to become a profitable company ain't nothing happening to its price.

Now check this out: LOL - I wrote LOL after I read what I wrote.

How much $$ I can possibly make from this stale donut if:
Price goes to 1: $1879.80 <- get me 2 rounds to Cancun money
Price goes to 3: $7880.40 <- get me wax money for my wifes upper lip
Price goes to 20: $58,879.80 <- get me car money for my Moms, 4 Hyundai Elantra Tourings
Price goes to 311: $931,879.80 <- jackpot, get my homies out the hood money, BBQ errrdayyy

So there you go, I updated all 3 of my holdings and that's life. Look at the chart below $PEIX was at one point +300 price stock, past few years its been doing nothing, now since ima need some wax money I know the market gods will get together and understand my concern and shoot $PEIX up to 5 dollar price and beyond!

Look at chart! Mu ha ha