how to start penny stock investing?????as a novice?
Public Comments
- Don't ... you can have fun with it after becoming an experienced investor. As a novice you will most likely lose your cash. start educating yourself... check out the reading list from bobbrinker.com
- try stocks under ten dollars at www.thestreet.com, most penny stocks aren't worth a penny.
- Honestly, why the hell would you want to? They are priced at a penny because thats exactly what they are worth. Are you interested in them because you think that are cheap? Listen, whether you make or lose money you are talking about percentage moves right? Whatever amount of money you have invest it in quality companies. Ok, so you think you can buy $1,000 woth of a stock at $.03 so you have over 33,000 shares-and the stock appreciates 15%? now you have $1,150. The chaces of a penny stock doing that is very slim. $1,000 in say Goldman Sachs (GS) at $146.00/share is only 6.8 shares right? If it goes up 15% (which is highly probable) your still at $1,150.00. You see what I'm saying-your working with percentages so the price of the stock is not that important-unless your talking about stocks that are pennies or a dollar or two-chances are there is something drastically wrong with them, and the only people that would possible buy them are those like you that are ignorant about stocks (thats not an insult to you, just saying you have alot to learn about the market).
- Hey, how much can you lose if it's only priced at a penny? Answer: ALL YOUR MONEY.
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