Stock Markets Exposed

Would Fox Petroleum (FXPE) be a safe penny stock to invest in?

Public Comments

1. Some people say that there are no safe penny stocks.
2. There's no such thing as a "safe" penny stock. The chart for this one actually looks pretty decent but I didn't see any of the company's financials. You can definitely find better stocks in that sector though. With oil heading to 100/barrel look for deep sea drillers or Canadian petrol companies that extract from the oil sands.
3. Bottom Line: There are no safe penny stocks Trust me The stock market is enough of a gamble even when you invest in "stable companies" (Tyco, Enron, etc, were once stable) But to invest in penny stocks?? Maybe if you skydive on the weekends Just make sure you don't do it on margin... Good Luck