Has anybody had success in investing in penny stocks?
Public Comments
- no
- The stock promoters make lots of money. Also the very few people that get tips from those promotors. I know of one case where a surgeon (a brother of a friend of mine). Got a lot of tips from a patient of his that he successfully did cardiac surgery on. the fellow "owed" him one and gave him tips for several months,. on the Toronto penny mines. (this is a long time ago.) He made enough $ to buy a very expensive house in 3 or 4 months. Most of the rest of us get it in the ear when we speculate in penny stocks. (especially the internet scheiss/merd) D.
- Usually a scam!
- Stay away. You may make some money if you are lucky, but, most people lose all their money!
- Yes, I know of someone who would rake it in about every 6 months. But the other 90% of the time, he LOST! Why, because most penny stocks are highly speculative and basically like a crapshoot. Better to stick with stocks over $10 or $20 with at least 250,000 shares traded daily. Hope that helps!
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