Money making stock?

[Dinero709]

Hello guys just wanted to ask what do you all think of Pantera Petroleum (PTPE), i've read all over the net that it might make some good money in the next couple years. I was thinking about buying about $500 worth of stock in the company (last closing price was at 0.04 cents). I haven't found to much recent info on them thru their webpage. I don't know much about trading and pretty much just want to buy the stock and hold it for a couple years for my retirement. What do you guys think? Thanks.

[dukhunter99]

Might not be a bad stock. The technicals look good for short term. Long term is the question. If your going to buy, I'd wait a few days. I'm going to guess and say you will see a pull back tommorrow or Wednesday. It is entering the overbought area. Other than that, looks good to me.

[Dinero709]

Thanks, i decided i will probably wait a bit before getting into penny stocks...i was advised on one of the other threads that i should get me a bit of more knowlege (new trader) before jumping into penny stocks.