Stock Markets Exposed

Penny Stocks?

I would like to start investing in Penny stocks. I have an account with Scottrade.com. 1-Is there any tutorial or comprehensive book for penny stock investors? 2-I have heard about softwares that help you in deciding when to buy and when to sell. Is that true? If so, what softwares do you recommend. 3-I searched for some information on the Internet and I came across pennystocks.com website. This site and others claim that they can help you in deciding when to buy and when to sell, how true is that and would it be beneficial to join one of these websites to maximize the profit. Thanks.

Public Comments

1. Penny stocks are gambling, not an investment. There is a reason that some stocks are practically worthless. You will most like lose most or all of your money. I suggest you learn how to invest your money before you put it at risk.
2. Be aware of the scam!!! :) gdz, Global Investors Community http://www.moneyhowto.com
3. i have been doing it for about 6 years now,and i have done well with it. 1) only buy stocks on the 3 exchanges (NYSE,NASDAQ,AMEX) 2) buy between $1.00 - $3.00 a share. 3) no more then 15 million shares outstanding 4) positive earning per share (EPS) i use the yearly numbers and not quartly numbers 5)buy at least a 100 shares worth. 6) sell 50 shares when the stock doubles in price. this takes your money off the table so to speak. then you buy another company. 7) buy at 50% the book value of the company.(shareholder equity divided by # of shares outstanding) 8)current ratio of 2.0 (current assets divided by current laibilities) 9) little or no long term debt. if you stick these rules you should do ok.
4. Penny Stocks are the last thing a new trader should be getting into. All software that predicts when to buy and sell a penny stock is a rip off and doesn't work. You are going down a road that most of us have been down. We started out thinking how easy it would be. I know a firm that will walk you through them, etc. It's not going to happen for you. You may luck out on one or two..... but you will lose big money. Take a year before you even put 1 penny down. Read as much as you can. Know the risks. Know money management (as it relates to investing and risk/reward ratios). Consider yourself warned.
5. check out http://pennypicksfree.blogspot.com
6. penny stocks are the best for small traders. if you have little money, your only chance is to go pennies. lots of potential. However, you have to educate your self on the subject and not get taken by advisor's picks. Avoid paid services since you'll end up getting picks that are available publicly. I recommend that you paper trade first and do that for a while before you commit your real money. http://www.pennystocksmpire.com