Stock Markets Exposed

What are some penny stocks worth investing in?

Looking to go into the stock market for the first time and I have 1,000 dollars maybe a little more that I am willing to jeopordize to possibly gain more money. What stocks should be ones to follow and look into and how many shares should i put into a particular one?

Public Comments

1. Actually I'd recommend avoiding penny stocks. A $1000 investment is a $1000 investment wether you're buying 1000 shares of a dollar stock or two shares of a $500 dollar stock. Companies tend to try to keep their share prices above $10--anything that drops down below $5 generally does so because there's something seriously wrong with the company. In general you don't want to buy companies that have something seriously wrong with them. In general I'd recommend a good exchange traded fund like SPY or IVV. Buy either one and you'll effectively own stock in several hundred companies, which is a lot safer than picking just one or two. Good luck.
2. MCZ
3. i will second to the first [Adam J]
4. To be honest, I would completely avoid them. In order to make a sound investment you need as much knowledge about a stock as possible. Penny stocks are so speculative and are not very forthcoming with their figures that you truly cannot gauge the success of the company. It is awesome you want to get involved in investing. My suggestion would be to first look into the industry you like most. If you love sports, check out stocks within that industry (like Under Armor [UA]). This way you already have an interest in that sector and you will want to stay in tuned with the sectors overall performance. That way when you are learning to read the plethora of metrics and analysis formulas, you can easily apply it to an area you are already interested in. If you are looking to get in, first check with your employer to see if you have a brokerage account for your 401(k) (assuming you have one). You can easily setup a separate account over the phone with them to trade stocks. If not, shop around with the online brokers. When you find one you like you can call or follow the online prompts to openning an account. Just be sure to read the fine print regarding their commission rates. Generally the ultra-low, flashy rate is for investors who engage in over 120 transactions a year (which is very, very expensive). Good luck and have fun with this!!!
5. penny stocks are very risky and many are bogus - you could lose all your money very quickly- invest in a mutual fund instead - risk is spread out a lot more
6. IFON - Volume Alert http://finance.yahoo.com/q?s=ifon InfoSonics is one of the premier providers and distributors of wireless handsets and accessories serving Latin America and the United States. ************** PARL - Momentum http://finance.yahoo.com/q/bc?s=PARL&t=5d Parlux Fragrances, Inc. engages in the creation, design, manufacture, distribution, and sale of fragrances and beauty-related products worldwide. It offers fragrances and grooming products, as well as beauty-related products, such as body lotions, creams, shower gels, deodorants, soaps, and dusting powders. ************** SNMB - Unusual Activity http://finance.yahoo.com/q?s=SNMB.OB Sona Mobile Holdings Corp. and its subsidiaries operate as a wireless software and service provider that develops, markets, and sells wireless data applications for mobile devices.
7. Why don't you just blow your money on something more enjoyable because with your attitude and choice of investment vehicle you are bound to lose it anyway.
8. None.