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Anyone know if there is anything in penny stocks & if so what to do? I keep gett

  1. keepitnatural profile image72
    keepitnaturalposted 7 years ago

    Anyone know if there is anything in penny stocks & if so what to do? I keep getting emails...

    about it which I don't trust but wondered if it's worth looking into at all?

  2. KaizenGuy profile image60
    KaizenGuyposted 7 years ago

    Penny stocks have made people alot of money. But be careful. basically a penny stock is the stock of a company that for whatever reason, has gone down to the sub $1 level. It may be a very new company or an established one that is having some trouble.
    3 things can happen with a stock in that range. 1) it can be de-listed from the exchange, meaning no one can buy or sell shares, which means your shares are worthless. 2) the company can fold up, which means your stocks are worthless. 3) It can go higher in which case you will make alot of money.

    To make money in penny stocks, you need to understand the stock market, understand the industry in which the particular company is in and be lucky.

  3. fxdaddy profile image59
    fxdaddyposted 7 years ago

    I would check out Tim Sykes.  He has really good information and it is the only stock strategy I use.

  4. MickS profile image70
    MickSposted 7 years ago
  5. imichelle profile image76
    imichelleposted 7 years ago

    There are some penny stocks which are absolutely worth the investment.  Many penny stocks are simply family companies who list on the Pink Sheets or OTC because they don't want to pay the costs associated with SOX requirements each year.

    Read each company's 10k statements and watch their balance sheets and cash flow and income statements.  Invest with solid companies like AMNF.PK or ERSO.PK who have a long history of returns and dividends.

    Keep away from concept-level companies as these are usually pump-and-dump stocks and you will lose your shirt.