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| FutureMillionare |
 Posted: Wed Jun 06, 2007 12:03 pm Post subject: Are penny stocks only for expert investors? |
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I had a friend in my dorm hall who would spend the better part of the day reviewing penny stocks from the second the market opened until the moment it closed. He would sell at just the right moment and tell me i just made $30 on the one stock. Of course he had like 100 shares of it but he knew how to profit from it. My question is how difficult is keeping track of penny stocks i.e. not loosing everything or not breaking even all the time. Also, if I were to try it, what are some good penny stocks I could invest in so that I could try my luck at juggling some.
Thanks for any help |
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| deprived |
| Posted: Sun Jun 17, 2007 5:47 pm Post subject: |
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Investing Sr. Associate
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| penny stocks are not exclusive to experts, they are just have a high risk and fraud potential. You can make good money in penny stocks because you can buy in volume, just remember that they usually don't have a high tade volume either. |
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| geb9696 |
| Posted: Mon Jun 18, 2007 1:32 pm Post subject: |
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Investing VP
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It really depends on what you mean by penny stocks. I bought GTW when it was at 1.34 and then rode it up to the 1.75 area within a week to make a pretty nice profit. GTW is Gateway Computer which is a very well know company so it really depends.
I also have to wonder how much money was this person in your dorm investing to be really excited about a $30 gain? |
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| Grimreaper |
| Posted: Tue Jun 19, 2007 1:39 am Post subject: |
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CFO
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| geb9696 wrote: | It really depends on what you mean by penny stocks. I bought GTW when it was at 1.34 and then rode it up to the 1.75 area within a week to make a pretty nice profit. GTW is Gateway Computer which is a very well know company so it really depends.
I also have to wonder how much money was this person in your dorm investing to be really excited about a $30 gain? |
Spekkin o'GTW  It took awhile, but it tappears it is FINALLY gettin lonesome fo da Reaper....just like me said it wud.  GTW will be a sub $1 dallah stock bafo it becomes a great long term buy....even though it already IS a great long term buy.  On the udder hand...ENCY "was" a great long term buy according to summa da locals...but now it is a sub $3 dallah stock!   Strange da way dat happens....ainna? It's almost "conundrumesque" ifn ya axe me. Anyhoo, here'a a list ov sub $3 stocks dat will end up dublin yer muny in a year...even from these levels AMRN, PXPL, GNTA, TWTR, IFON, RAE, POP, ACTC, GTW, AVAN, PARS, CAU, ACPW, UGHO, CPST...want mo? I got a millyun ovum! Yuns fokes kin practice werkin wit these. Here's da ganews Even ifn you are wrong and ya buy too early...I still promus you will duble yer muny in a year or so. Not too chabby...huh?  I also promus to have a constant flow of new names fer everybudy ta werk wit. Sheeeeyot....my waiting list is like 3 years long! Did you know dat CHK, WMB, RRI, DYN, GS, KRY, AES and a buncha udder commodity plays just requested reservayshuns here recently to be sub $3 stocks 3 years from now?!!...is dat nutso er what? |
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| mastermike311 |
| Posted: Tue Jun 19, 2007 6:46 am Post subject: |
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| What are some good short term inverstments? |
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| geb9696 |
| Posted: Tue Jun 19, 2007 5:21 pm Post subject: |
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Investing VP
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| What is your time period for a short term investment? Also, why does the investment need to be short term? If you need the money in a few months then a T-Bill is probably your best bet. |
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| baronkel449 |
| Posted: Thu Jun 28, 2007 8:20 am Post subject: look into this |
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| Dave Rathbun |
| Posted: Thu Jun 28, 2007 9:02 am Post subject: |
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CFO
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| @baronkel449, all of your other attempts to post your links have been removed, did you think it would be different this time? |
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| Willcarsrule |
| Posted: Sun Jul 08, 2007 4:52 pm Post subject: |
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Investing Sr. Associate
Joined: 08 Jul 2007
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| Do only one penny stock per portfolio |
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| Willcarsrule |
| Posted: Mon Jul 09, 2007 5:24 pm Post subject: |
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Investing Sr. Associate
Joined: 08 Jul 2007
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| why cant i buy a penny stock, an i too new.... |
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| geb9696 |
| Posted: Tue Jul 10, 2007 10:11 am Post subject: |
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Investing VP
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| In the sim you can not trade stocks with a . in the ticker |
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| Billy-Ray-Valentine |
| Posted: Wed Jul 11, 2007 6:04 am Post subject: |
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| deprived wrote: | | penny stocks are not exclusive to experts, they are just have a high risk and fraud potential. You can make good money in penny stocks because you can buy in volume, just remember that they usually don't have a high tade volume either. |
could you tell me where I could get some more information on penny stocks? thanks. |
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| sport302 |
| Posted: Sun Aug 19, 2007 7:13 pm Post subject: |
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Even expert penny stock investors will tell you a vast majority are garbage. There is a reason most penny stocks are penny stocks. One reason your friend had to sit there all day is because many penny stocks do not move very often and when they do it will more than likely be down a few pennies.
It simply is the lure of that potential one big score a lucky penny stock may bring because you can buy a ton a shares for a small amount of money. However, people forget that when you guess wrong and that penny stock goes down even by a couple pennies and you purchased thousands of shares you lose your shirt very quickly.
So for a beginner that has limited resources you will probably get burned by penny stocks. |
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