What are penny stocks and are good?

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navycop

navycop

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I just seen an article about how people are getting rich on penny stocks. It said they can buy more penny stocks for the same price or lower than a regular stock in Apple or Google. Was wondering if anyone here has them or had them..
 
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unless you're an expert in the penny stock market, the only faster way to part ways with your money is to send it directly to me. I'll issue you paper with disappearing ink and we'll all be happy.
Be careful of those articles, most are just advertisements for educated scammers.
 
Ahhh, but it is a new world for you to explore. Just Like Las Vegas, don't go there with anything you wish to come home with.
 
Penny stocks are extremely volatile stocks that generally trade for under a dollar a stock (unlike more expensive stocks on the bigger markets.) They're extremely risky, volatile, and unpredictable.

I got a practice trading account with my bank (fake money), and while it was fun to see money being made and lost, I don't think I ever made any 'fake' money off a penny stock in the long run.
 
Ahhh, but the excitement, the allure, the profits!!!! Just don't invest what you cannot loose. Just like buying a used car. Study it well.
 
do your homework (like you should on any investment)

there is money to be made for sure (and lost)

the hardest part is finding buyers when your ready to get out

Microsoft was a penny stock once
 
Finatic said:
unless you're an expert in the penny stock market, the only faster way to part ways with your money is to send it directly to me. I'll issue you paper with disappearing ink and we'll all be happy.
Be careful of those articles, most are just advertisements for educated scammers.
Click to expand...
Expert in the penny stock market is an oxymoron - there is no such thing. The only folks who make money (other than the occasional accidental lucky buyer) on penny stocks are the brokers who sell them and the "companies" who issue them.
 
I've been preparing tax returns for 17 years. I have had one client in all of those years make money on these - it was his full time job during the late 90's before the .com bubble burst. I have had a number of folks that made a lot on a trade or two and then give it all back with another trade or two. I have had MANY clients set up a practice account (not real money) and experience gains - however, when they went to trade with real money they lost. I've seen more folks win at gambling than this. So, if you play, do it with money you don't need.
 
Akula said:
do your homework (like you should on any investment)

there is money to be made for sure (and lost)

the hardest part is finding buyers when your ready to get out

Microsoft was a penny stock once
Click to expand...
That is a myth spread by brokers who sell penny stocks. Microsoft was listed as a public company in June of 1986 with an IPO price of $21.00. It was never a Penny Stock.
 
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