I am a new investor and do not have much money. Is there any real potential in
penny stocks???
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Sorry to be rude, but I just wasted over 40 minutes trying to find the
impressive screening process and came up empty.
I can tell you however; that Max Bowser has been making recommendations for 32
years. Google him.
The MoneyPaper has been in circulation for 35 years.
Personally, I was up 400 % on FRM, but didn't sell because I thought it could
graduate to a large cap.
So now I'm only up 250 % ( from the pinks ) and waiting for better days. If you
check the charts, it won't show the prices from the days of the pink sheets.
Once again, s l o w l y ,
I use a subscription service in business for decades.
They stake their reputation on their picks.
I can't reprint their screening process because I get it by regular mail, but it
is VERY impressive.
I'd rather invest in the local Indian casino slot machine , even it would have
better odds of a return than a penney stock. Don't waste your hard earned money.
Penny stocks can be impossible to research.
Low priced, high quality, professionally screened names are easy to research.
James Altucher once said, "There's nothing more satisfying than holding a small
cap and watching it graduate to a mid cap, then large.
Remember, small caps lead the way out of a recession.
Penny stocks are the most speculative of stocks (meaning the companies are most
likely to lose large amounts of money and even go out of business). The prices
are easy to manipulate in either direction, usually by the professional at the
expense of the novice. The companies are the very hardest to research. These
factors and others make it very hard even for skilled stock analysts to make
money in penny stocks.
Don't confuse 'hype' with 'research'. Good luck to you!
Well, you had 125 % profit going there, didn't you ?
OH My GOd , NO Let me tell you about my story. Years back when I started
trading I bought some crappy cheap stock for about $2.00. It had like no volume,
then all of a sudden the stock pumped up and pumped up to 4.50. Yet I kept
holding. Not realizing all the fundamentals that make a stock work were not
existing in this stock. So long and behold I kept buying the dumb thing. Then
suddenly it got shorted down to .50 I lost badly
DO NOT BUY CHEAP CHEEZY STOCKS BECAUSE THE PEOPLE WILL BURN YOU
Penny stocks, no. Low priced stocks that are increasing earnings at 20 - 30 %
yes.
You won't get much advice on either here.
I'd advise you to check out The Bowser Report in The MoneyPaper. A subscription
is about $ 120 a year.
Their screening process is phenomenal, and they are looking for doubles and
triples at the very least.
They list 14 microcaps and the rest of the publication focuses on mega caps.
Remember, small caps lead the way out of a recession.
penny stocks have a lot of luck to do with them and who is pimping them
To build a postion on a stock based on its price is not a good way to enter the
market. There are other factors to be considered. If you do not have large
amounts of capital you may want to wait a little or consider an ETF. Please
educate yourself before entering a position in order to avoid big financial
losses due to inexperience (though everyone made bad decisions based on lack of
exeperience). Several pickrs in this forum can guide you through sources for
learning. I recommend reading JC's books- Real Money.
Welcome to the world of trading, and good luck.
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