Stock Markets Exposed
how do i find info on penny stocks ?
I'm looking for some info on some good penny stocks to invest in.
Public Comments
- Go to the pinksheets and read the news releases and especially the financial statements. Don't believe most of the hype in the news releases and run from the many companies whose financial statements are mired in red ink. Most penny stocks are very risky so don't invest money that you can't afford to lose.
- The website below has lots of free educational stuff on penny stocks, a list of brokers, and sells a top pick list. Remember to diversify among 4-6 top picks, or about 7 if you are doing your own research.
- T I am going to break this down real quick for you. Penny stocks are the closest legal thing to fraud you are going to see. The sites you are finding, especially the one listed above, are actually owned by boiler rooms and companies listing on the Pink Sheets. So the information they are distributing is artificially hyped. This means this information you are receiving is specifically designed to stir you up enough to invest in them. It is not completely substantiated. Moreover, these companies are penny stocks for a reason. While not ALL penny stocks are bad (because technically, a penny stock is a stock that trades a $5 or less), as there are many that are listed on the NYSE, NASDAQ and AMEX. These stocks are required to perform at a certain level and issue financials in compliance with GAAP and the SEC...when they fail to meet these standards they are dropped to the OTC (over-the-counter) and listed on pink sheets. This is why they are so risky. NO ONE IS MONITORING THEM. So don't buy them. Please. Just don't be conned into thinking there is fast money to be made there.
