Before I answer, I would like to mention that penny stocks are not a long-term solution. Hence, you will not get rich off of penny stocks. You can get some good picks every so often that give you large chunks of profit, however, eventually, you'll run out of picks, and will just have to sit around waiting for your friend to give you more tips. Whether he's skilled is not the issue; it's the availability of good penny stocks that is.

If you cannot borrow on a line of credit or from your credit cards, the only other alternative is to just utilize a margins account for increased leverage.

Your friend probably researches like any other savvy penny stock trader: He probably checks large lists of OTC Pink Sheet stocks for any stocks that are cheap, and have (at some point in time) increased in the past. The idea is, the company itself is probably doing fine (as long as it's in a relatively passive industry), so, bankruptcy is likely not an issue to consider. Thus, since a stock can't drop below zero, it'll eventually increase. What matter is how long it takes to do so. If it takes too long, you might find your capital held indefinitely on a position, to your own disadvantage.

Hahahahaha......so funny man! Such a classic PUMP/DUMP story .... I am amazed that you have the stones to use it here.

this stock has been around for 3 years and it loses about $1M/year by this financial statement

http://web.tmxmoney.com/financials.php?q...

the last three quarters show a loss of $918,000 so it is on tap for another stellar $1M+ loss for this financial report that due out soon.....AND this Gem of a stock is going to hit $10 in 4 months.....

HAHAHAHA....Robin .... Robin Williams have you come back??? Risen from the dead to give one more stand up routine.

All you previous posters that are taking this PUMPER seriously....I think you are from the ranks of born-yesterday.

This stock is losing money....

here is a chart of the stock

http://stockcharts.com/h-sc/ui?s=CSX.V&p...

Note: there is hardly any volume in the daily trade....buy in and you will have trouble selling out

Note: the share price has fallen through 20daySMA, the 50daySMA AND the 200daySMA and this is a stock that will become $10 in 4 months...ROFLMAO

Note: the negative slope to the RSI ditto the MACD

Note: the DI +/- when it is red over green it is a bear...the RISING ADX means it is a strong BEAR

Learn how to spot these pumpers...they make vague outrageous claims that are unverifiable...don't belong to those that are born-every-day.

Go away PUMPER...you are not wanted here

Don't try to leverage buy if you can't meet the obligations. You got lucky the first time, but any stock buy - and especially penny stocks - can go **** up pretty quickly. It's one thing to lose the $4K you have, another to be on the hook for money you no longer have.

Banks won't lend you for buying stocks, unless you have assets with you which produces cash flow. I think the best thing to do is acquire assets that produces cash flow. We can't predict the prices in stock market, unless you are a legal insider investor. This is just my opinion. Best of luck buddy. :)

Banks won't lend for investment purposes - your only way of getting more money is to get a second job. And just so you know, if you are profiting on insider trading, it doesn't matter if you know or don't know, you will be found just as guilty.

I'm earning good money with this binary option signal sofrware ( http://forexsignal.kyma.info ) What I'm going to show you now might irritate old-fashioned traders who can't accept that a piece of software can outperform what they have learned through many years of trial and error

First of all if you have $4,000.00 of shares at $0.50 a share you have 8,000 shares. If and when it hits $10.00 a share, which is not likely you have $80,000.00 when you cash in. When one gets to greedy one will inevitably fail. That is just the way it is. So the moral of the story is don't buy more and see what happens.

Good luck

won't happen

not unless you are working and have the money from your wages to invest

Last month I had $1000 and with a stock tip on a penny stock from a guy I know I turned it into nearly $4000 in about 5 weeks. Now, I don't know where this guy gets his information from, I figure it's best not to ask (it's not insider trading if I didn't know, right?).

Anyway, he gave me another tip, says this one is even better than the last one. I invested $4000 so far, but I want to invest more to get really rich. Thing is, I don't know how to get more money to invest. It's a penny stock sitting around 45-50 cents, and I'm told it could hit $10 by year's end.

Any ideas? How can I get more money? I tried the bank for a loan but I already have debt and don't really have any assets.