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05-23-2006, 08:13 AM
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#1 |
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valued contributor
 Join Date: May 2006
Posts: 20
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Penny Stocks?!!
I see a lot of folks here talking about penny stocks. Is this just an attempt to find something that works in this market or are folks here regularly trading/investing penny stocks? Isn't there a huge risk that many of these will go to $0.00?
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05-23-2006, 01:56 PM
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#2 | |
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valued contributor
 Join Date: Nov 2005
Posts: 200
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Re: Penny Stocks?!!
Quote:
You are correct, the majority of the penny stocks are scams, rigged by the market makers and insiders, and for every one that works, longer term, there are 99 that go down the drain. You can play in penny stocks with your lottery money, but do not go anywhere near them with your investment money. It is a suckers game, and you don't want to be a sucker, do you? |
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05-23-2006, 02:43 PM
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#3 |
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valued contributor
Join Date: Mar 2006
Location: Eagle River, Alaska
Posts: 214
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Re: Penny Stocks?!!
FSMH I like this one.
__________________ Golden Rule: Pay yourself first 
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05-23-2006, 03:48 PM
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#4 |
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forum leader
 
Join Date: Aug 2005
Location: Orange County, CA
Posts: 1,801
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Re: Penny Stocks?!!
Penny stocks are usually stocks below $2. Correct me if I'm wrong. Super pennies are those trading .001. Yeah, you can hit a home run with these stocks. But you have a better chance of getting struck by lightning.
__________________ "Face your deficiencies and acknowledge them. But do not let them master you." Helen Keller "The man who can drive himself further once the effort gets painful is the man who will win." Roger Bannister My online trading Journal: http://stockmarketaddict.blogspot.com |
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05-23-2006, 05:26 PM
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#5 |
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Site Administrator
Join Date: Jun 2005
Location: Canada, in an igloo.
Posts: 6,647
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Re: Penny Stocks?!!
Penny stocks are attractive to people looking for that once in a lifetime get rich quick opportunity.
Unfortunately, in order to make money with stocks, you have to work hard and figure out if what you're doing makes any sense. Even then, it's hard to win. You have to make small gains over a large period of time to come out ahead. Penny stocks are fun for those wanting to go full throttle speculating. |
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05-26-2006, 03:42 AM
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#6 |
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valued contributor
weekly challenge winner
Join Date: Jan 2006
Posts: 204
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Re: Penny Stocks?!!
for some it's relative to the size of yer bankroll,,, if ye playin with a few Benjamin's, pennies look like a value,,,
if ya got 50 g's in the bank, them high dollar stocks are in range ya can make money off any of them if ya pick em at a value price and trade the range |
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