What are some hot penny stocks ?
August 25, 2008 by admin
Filed under Todays Watchlist
What are some hot penny stocks ?
2008-08-25 10:38:17
I am looking for some penny stocks that you think might have an upside.
I'm looking for some penny stock that you think you might have a top.
You will need to do your own research on “pink sheet” stocks. The on-line offers are almost entirely scams. Most penny stock sellers try to bump up the price then bail out themselves and you will have no market when you try to sell, but if you do your own research you can find some good newcomers.
Penny stocks have about a 2% chance of making money, but when they do, it’s good money. So the trick is to be in an equal amount of 100′s penny stocks hoping to get the few good returns.
FYI, I stay away from them, they are too risky.
Looks like you want very high yields. “Penny stocks” (pink sheets, or “PK’s”) can do that but the odds are 49 to 1 against you. You might try short term momentum trading. Find big “mo” stocks, for instance FSLR, ISRG or POT, go long and pay LOTS of attention. Watch the news, watch the stock. Still risky, but nothing like the almost certain losses in the penny stocks.