Paddy
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I came into a windfall at the time of the .com boom when everyone was buying shares of companies launching on the internet I didnt have enough money for an advisor but thought it was a good opportunity for a quick return. Some investments did ok but most didnt, and there is all the cost involved in buying and selling, a share has an offer price and a bid price so if a share is listed at 10p it would cost 11p to buy and return 9p to sell plus the brokers cost. and as most penny shares either go nowhere or down then you are on a hiding to nothing. I remember there was one share in particular that started to do well but I got cold feet and sold although at a profit nothing like it could have been, but with hindsight I wish I had never bothered |
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Sunny
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That's a good way to lose a couple hundred bucks quickly. |
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KTDykes
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I certainly could, but my recommendation wouldn't be worth the paper it isn't written on. Penny shares and quick profits are kind of contradictory. |
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Gooogled
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NEVER, ever fall into this trap. You'll surely lose all the money.
You're better off buying a regular stock even if it's a fewer shares. MSFT = Microsoft
Good luck and take care. |
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tom4bucs
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hahahahaha
bought 10,000 shares of a oil well company 'on the verge of making it' for $450
a year later they consolidated 1:100
(means I now owned 100 shares)
value at $60
4 months later - it was not worth the paper it was written on
Z I L C H
they are few and far between - and it's almost like hitting the lottery when you get one
have a great 2008 |
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edco
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Not possible..in this or any other market trend..
Penny stocks are called that because you get back pennies for your dollars !
You'd be better off buying lottery tickets.
Don't be foolish. Put the money in the bank. When you have at least $1000, buy some good quality no-load mutual funds. If you get to earn 8% a year, you'll do find and have a lot more money in the future.
Get rich slow or get poor fast.. |
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exactduke
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No, but I can tell you about a penny stock that I lost 6 grand on a few years back. Investors that try to make a quick profit in penny stocks, generally end up losing their investment. You see a lot of rookie investors, looking to make a quick buck in the market. Believe me when I tell you it tends not to work that way.
But having said that, many investors need to find this out for themselves, via 'the school of hard knocks'. |
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Goethe
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Ask Hillary. She made 10,000 times her money in cattle futures.
You can only make money in penny stocks by pumping and dumping them (illegal, by the way).
Value investing is still the way to go. Sign up with TD or Etrade and use their information to judge for yourself (and buy what you know). |
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stock_sniffer
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stock symbol: GPGI |
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Thin Kaboudit
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Why not buy five shares of a $40 stock that has grown steadily for ages, instead?
Most penny stocks go sideways or down, not up: there's a reason they cost so little, they aren't worth anything! |
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grace k
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start a low brow job site for those looking for work |
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brian t
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Penny shares are very risky. Back in the 80s some mags would "advise" a penny share and it would shoot up in value because loads of people would jump in and buy. The person "advising" the share had bought in advance and quickly sold on to the mugs for a quick profit! |
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jewelking_2000
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Please don't act on any advise on shares on this or any other forum, it will likely as not be from pump and dump artists. Shares should be bought in portfolios unless you have special knowledge ( not inside that's illegal) on a sector. You might as well put your 200 ( or indeed 2000) on a horse as back a penny share. If you have to study the investors press and back one of their speculative bets, but only if its "gambling money" |
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NJ Gold
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I usually do NOT recommend stocks under $15 a share; ... however, if you must have a name or two, try
BCON (Beacon Power Corp.) $1.55
CPST (Capstone Turbine) $1.69 |
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Captain Sarcasm
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If anyone could honestly answer this question they would be living in Barbados on a very expensive yacht with a butler and several maids so I would take any answer with a very large pinch, no a handful of salt. |
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