Do you know of any promising penny stocks?
January 30, 2008 by admin
Filed under Todays Watchlist
Do you know of any promising penny stocks?
2008-01-30 22:23:25
I have a little bit of money to play around with every month and wanted to find some maybe riskier but promising penny stocks. Know of any?
I have a bit of money to play around with every month and I wanted to find some penny stocks may be more risky but promising. Know of any?
There is no such things as a “promising penny stock”
When you invest/trade in penny stock you should never put up more than you can afford to loose and you should assume you will loose it all. Unlike regular securities, penny stocks usually do not let you use risk cutting procedures (options and/or stop orders) since most are not traded in a highly regulated market place.
They say when you buy securities you have a 50%-50% chance of making money, when you buy penny stocks you have a 50-50-90% chance, 50-50 chance of making money and a 90% chance of loosing money.
If you want to meet other penny stock buyers, try some of these sites
If they had promise, they wouldn’t be penny stocks. Buy them only for entertainment. They are frequently the targets of market manipulation scams.