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chemist308
05-23-2006, 06:13 AM
I see a lot of folks here talking about penny stocks. Is this just an attempt to find something that works in this market or are folks here regularly trading/investing penny stocks? Isn't there a huge risk that many of these will go to $0.00? :confused:
aj14
05-23-2006, 11:56 AM
I see a lot of folks here talking about penny stocks. Is this just an attempt to find something that works in this market or are folks here regularly trading/investing penny stocks? Isn't there a huge risk that many of these will go to $0.00? :confused:

A lot of people here play around in Penny stocks because they can buy a "big position" for a little money. Makes em feel like they are BSD's.

You are correct, the majority of the penny stocks are scams, rigged by the market makers and insiders, and for every one that works, longer term, there are 99 that go down the drain.

You can play in penny stocks with your lottery money, but do not go anywhere near them with your investment money. It is a suckers game, and you don't want to be a sucker, do you?
sportsmadness80
05-23-2006, 12:43 PM
FSMH I like this one. http://fool.exler.ru/sm/kos.gif
optimus25
05-23-2006, 01:48 PM
Penny stocks are usually stocks below $2. Correct me if I'm wrong. Super pennies are those trading .001. Yeah, you can hit a home run with these stocks. But you have a better chance of getting struck by lightning.
Thierry Martin
05-23-2006, 03:26 PM
Penny stocks are attractive to people looking for that once in a lifetime get rich quick opportunity.

Unfortunately, in order to make money with stocks, you have to work hard and figure out if what you're doing makes any sense.

Even then, it's hard to win. You have to make small gains over a large period of time to come out ahead.

Penny stocks are fun for those wanting to go full throttle speculating.
krazykowboy
05-26-2006, 01:42 AM
for some it's relative to the size of yer bankroll,,, if ye playin with a few Benjamin's, pennies look like a value,,,
if ya got 50 g's in the bank, them high dollar stocks are in range

ya can make money off any of them if ya pick em at a value price and trade the range