I'm in a couple. Wanted to see if there was anyone else who gets into these a bit. If you're interested, check out MRIB (Marani Vodka). Were up over $1.00 back in 2008 or so, went bankrupt, and seem to be rolling it out again, rebranded and ready to market. Rolling it out in CA first, but have some big contracts out and definitely appear to be on the verge of expanding. Was just at $.007 just a few weeks ago, and has gotten over $.05 before coming back down despite news of distribution beginning and product in store. It's floundering a little below .04 right now, but figured it can't hurt to spread the word especially if you're a gambler like myself. My other big one that I'm less enthused about since I thought it'd take 6 months and I've been in it for 4 years is BLTA (Baltia Airlines). Anyone have any other promising OTC stocks they're eying up? I figured this is a good way to spread the word to anyone that might see some potential in a stock you're messing around with and drum up interest. Hey, you never know.
Sounds decent, with all the Russian Vodka makers now in trouble. The market looks like shit to me right now though. So much uncertainty in the world. So many countries flexing their muscles. It's been a bumpy ride since the holidays.
I think the Russian companies will weather the storm. It's being sold as an ultra-premium vodka, I think at a $32 price point. I'd be lying if I said I've tasted it, but as long as it's really as good as people say it is, it should do just fine. Seemed like their issue last time was in distribution and marketing, not the product. I'm of the mindset that you can't keep a good product down without trying. And the OTC market is on a whole different playing field from the normal exchanges. My attitude is that when the market's good, people drink. When the market's bad, they drink more. Can't go wrong with a vodka stock then! The Russian situation has me MUCH more concerned about my BLTA stock haha. I mean, their business plan revolves around starting flights from JFK to St Petersburg, and then expanding from there. Thanks, Russia!
I am a new investor, been on Scottrade since October. October through December was awesome. January- on, has been bumpy and overall pretty shitty. I like your idea with MRIB. I did quick google of their company and it looks like they are on the right track and great timing (the Russian Vodka companies are going to suffer, I remember hearing the LGBT community was boycotting Stoli vodka products back in the Fall). I believe you are right, market down-drinking up. I hear, this is one of the few businesses that survives and does well through a recession. Google images just has MRIB as a freaking party. Checked stock price and shot up 184% from early March to today .$013- $.035. I definitely would like to test it out, but I have never made a "limit" order before. Scottrade doesn't like what I'm trying to order and keeps rejecting. i think I will give them a call to try to figure it out. I think you are onto something though. They are available for retail in 25 states-plenty of growth potential. Drink up people! That sucks about your BLTA. It doesn't look like this Russian thing is going away.
I have not done any trading for a long while but I remember correctly some of the brokerages charged a premium to trade the penny stocks. Who do you use and how much are they charging to trade the penny stocks?
I'v enever really played the market although following the CT shooting I invested in Smith & Wesson knowing there would be a panic. I made a few bucks but I've read a bit about these penny stocks. While not a penny stock I've thought of investing in Linc Energy who seem to be the ones who would greatly benefit if this oil discovery in Australia is legit.
I actually think BLTA will eventually weather the storm (at least people who I trust more than myself with it think so haha). Careful with the 25 states thing. It is available ONLINE to 25 states through that one distributor. You read those message boards (I use investorshub.com usually), and you'll see people that do nothing but pump and bash it, and it drives me crazy because I think this stock has real value, so the pumping is unnecessary and will just serve to confuse the average investor and piss them off if things don't go as planned. With that said, the rollout in California is definitely under way. Hi-Time seems like a local retailer with it, but the new distributor (forgot their name) has connections with even big names like Costco and Four Seasons, so you never know. And the plan is ultimately to roll it out to all 50 states, plus contracts with the Dominican Republic and Brazil (World Cup!) are in place. I was lucky enough to get in at .01. My buddy convinced me to try daytrading it, so I sold at .0122. Then just saw it do nothing but go up so I chased it to .016 and said screw this, I'm just going to hang on haha. Obviously, penny stocks are a huge gamble, and this one's no different, but I definitely prefer the ones with a tangible product where you can see the potential and understand what needs to get done. I hate the ones that are better for daytrading (weed stocks and gold mines come to mind). I use Scottrade. One thing that someone pointed out to me today is that all trades for stocks under $1 with Scottrade are subject to the $7 trade fee PLUS 0.5% of the principal. So I'm thinking if this were to ever take off and I sold, I guess I'd be super excited about it, but have to cut 0.5% of it to Scottrade if I sell under a buck?? I may be looking at moving my money haha. That's weird about having issues with the limit order. I haven't had much of a problem with it other than if I'm trying to buy more than I have available. If you buy MRIB and it bombs, don't blame me! haha. I'm far from an expert, but thought it'd be a cool discussion to have and an interesting way to maybe find out about some other under the radar stocks to buy into once I free up some cash (hopefully from one of these other investments taking off!)
Linc looks low enough to still make a pretty penny! I'm intrigued and am gonna check into it further. A lot more expensive at probably $12/share now, BDE (Black Diamond) is just a random stock play that I actually sold too early just to buy more MRIB, but projections I read were that it would go up to $20 this year. Not a bad gain if true. Supposedly some snow apparel company that has plans for a fall line or something coming out. I didn't read too much. I just know I bought at $10, sold at $11, and it was still going up last I checked. But I get sucked into the big swings of a penny stock too easily haha.
Scottrade, which seems like they're much better for stocks that are north of $1 from things I've actually just learned today. $7 + 0.5% principal for stocks south of $1. I think $7 per trade on stocks north of $1 can't be beat though.
I am not into penny stocks, but as far as vodka goes... Russian Standard Platinum and nothing comes even close!
Interesting, never even heard of it! I'll have to check it out. I'm far from a vodka aficionado haha.
I'll have to keep an eye out. I'm looking to sell half my shares and diversify pretty soon, but I'm fairly new to the stock market. Thus far I've been following the medical marijuana stocks. STEV was down near .10 when I bought it and has reached as high as .30. I plan to sell half if it hits .30 again. It's back down at .23 now but it's been bouncing around lately. If it dips below .20 again, it would probably be worth picking up. My buddy, who been doing it for almost decade is telling me it should be a solid longterm investment, but there are so many other companies out there competing and as more states legalize they will continue to grow. It seems like a good bandwagon to hop onto.
The issue I have with weed stocks is exactly what you said. There's just so many out there, that you have to assume 3/4 of those are going to bottom out. But of course there's a ton of potential there. The problem I have is I don't think of investing right away, so you miss that initial run up, and then I always feel like I've gotten interested too late.
