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View Full Version : Attraction of penny stocks ??


oldboldpilot
03-14-2006, 11:17 PM
You're going to have to help me out on this. Some of these micro-stocks that are pumped on this forum are selling for .0009 or some such itty bitty portion of a penny. Now I undestand that if that stock were by chance to SKYROCKET to .0018 you would double your money (that is if you could sell this rocket). Thing is, how much money do you have in this weener ?? Who wants to buy a million shares in a micro midget? I realize there are some who feel they have made a killing if they clear a hundred or so but............damn, 9 thousanths of a penny ?? I know, a penny here, a penny there, pretty soon you are talking about a quarter.

InvestingMoron
03-14-2006, 11:47 PM
It doesn't take much money to buy a million shares, and you could invest in several companies at the same time. I like em. To me, if I make a hundred bucks, I'm pretty happy.

I dunno. I just like the explosive potential some of these offer. People buy millions, billions of "garbage". Sometimes that garbage turns into gold. GWGO for example.