Yes it is true, just like it is true that someone wins the Powerball lottery for 100 million dollars…. and the luck you need for both is about the same.
You can make a small fortune in penny stocks if you start with a large one. [...read more]
Archive for October, 2009
Hi, I’m sorta new to the stock market and I was wondering is there any sights that will send you stocks to buy shares from (that are not scams)
Thanks [...read more]
The lowest cost commision to trade penny stock that I have found is http://scottrade.com
It costs 500.00 minimum to open an account, and the commissions are 7.00 per trade plus 1/2 % of the principal value for stocks under 1.00.
Hope this helps [...read more]
If you trade penny stocks, can you recommend a site or or company that gives a good insite on profitable penny stock companies. [...read more]
I know penny stocks are “bad” and all but just wanted to maybe mess around with some. Can e-trade be used to buy penny stock? and what are the odds the when a company comes out of bankruptcy that the stock is dissolved? [...read more]
This depends on your goal and strategy. In general, I would say avoid penny stocks regardless. Reason being “investing” in penny stock is nothing more than speculating. There is not much fundamental to rely on to make decision. The stocks are also not liquid enough for any quantitative analysis to hold true. Try to buy something above $20, or at least $10 up. The first thing about investing is that “reduce the possibility of losing”!
www.bigsurfund.com [...read more]
I get so much junk mail, many of it investment related, and a lot of it is from guys with their own newsletters. Not sure if they’re all pump ‘n dump or not. Such as “Breaking Profit Alert” from the desk of Remo Sabene Jr., Editor in Chief, GroundFloor Stocks. He offers a bunch of books, monthly newsletter, reports, and Electronic Database, etc. Recently promoting a little-known company “Planktos,” and pushing books with titles such as: “Retiring Rich,” “The China Profit Bonanza,” and “How to Grow Rich in Biotechnology Stocks,” etc. [...read more]
No, day trading refers to the practice of buying and selling financial instruments within the same trading day such that all positions are usually closed before the market close of the trading day. The first answer is wrong. A penny stock is a common stock that trades for less than $5 a share and are traded over the counter (OTC) through quotation services such as the OTCBB or the Pink Sheets. [...read more]