What are the best penny stocks?
December 2, 2008 by admin
Filed under Todays Watchlist
What are the best penny stocks?
2008-12-02 08:39:12
It doesn’t have to be just penny stocks, it can be any stocks that you’re almost positive will go up. I’m doing a stock simulation for school and whoever wins doesn’t have to take the final and gets a 100%.
It doesn 't be just penny stocks, it may be all the stocks that you' re almost positive will go up. I 'M which is a simulation of the reserve for the school and whoever wins doesn 't be taken by the finish and get a 100%.
Here’s a few, PRPL, NEXC and CHHL. Hope you win.
In general penny stocks should be avoided, While the upside on these stocks is tremendous, there is a reason why they are penny stocks – nobody believes they will be anything.
A famous stock test is done every year. It’s monkeys Vs. big investment companies and while the big investors usually win, it’s not always the case– the monkeys perform better sometimes. What it all boils down to, is that no matter how educated one becomes and think they are the greatest thing ever, they are predicting the future just like anyone else.
So while you may get answers to which companies you should buy, just remember they don’t know anything more than you do. There are some really good books out there that teach how the market works. They won’t tell you which compaies or sectors to invest in, just how to approach the market and invest wisely.
People tend to think that the market is all this computers, big companies and all this crazy no-sense math, but it’s really not that complicated– those big investment companies make it complicated so it justifies their ego’s and paychecks.
Investing is all about confidence– if people think that a company will do better in the “future” they will buy their stocks — it’s really that simple. One of the simplest ways to scout out a companies is to simply look around you– what products do you buy? What companies have parking lots full of customers? Note those companies down and find out if they are publicly traded company– if they are, are they in good financial health? Are they loaded to the gills with debt– do you see their product having a good future?
or you can be your own monkey and throw darts at the newspaper and whatever stock the dart lands on could be in consideration.
Before you invest in Penny Stocks, make sure you know of the risks associated with it. They can potentially make you good returns, but there are also a lot of risks involved in trading in Penny Stocks due to the looser control on the policies associated to Penny Stocks.
Here are some articles you should read up on -
Also, if you really need help with picking out Penny Stocks, Motley Fool may be a good place to start. But make sure you read up on Penny Stocks first!