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?
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.
I would check out Tim Sykes. He has really good information and it is the only stock strategy I use.
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.
by thecollecktor 7 years ago
It is my intent to discover the formula for investing in penny stocks that goes beyond the hype currently being used. What criteria do you use?
by Whitney 10 months ago
investing in penny stocks
by mafthfp 7 years ago
Where can I find out if a stock is a "scam" stock or not?Is there a list online of pink sheet, pump & dump, penny stocks? That would be pretty useful for helping people avoid these scams!
by Whitney 7 years ago
Basics about penny stocks
by Kara Skinner 3 years ago
Are penny stocks smart?Because penny stocks are so cheap, I am wondering if it's a good idea to make a few investments now-- less than a couple of dollars-- or if I should save for a more conservative investment.
by ngureco 8 years ago
What Are Penny Stocks?
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