Stock Markets Exposed

Has any one invested in a stock called Purple Beverage?

Does this look like a safe stock or what might someone suggest or how would you play it as a options stock??

Public Comments

  1. Hi, My question to you is why would you WANT to own this penny stock? By definition, penny stocks are highly risky and highly volatile. If your risk tolerance is high, why not invest in a basket of diversified small company stocks, by investing in the Russell 2000 small cap index or some other low-cost small cap index fund? I suspect you're looking to get on the ground floor of a cheap penny stock and you hope to ride it up to $30, $40 or $50 per share. This is called gambling and speculation -- NOT investing. If you feel like gambling and having the odds in your favor, learn poker. If you feel like investing and growing wealthy over the long term, put your money into a broad market index fund. Investing isn't about buying a stock and hoping to strike-it-rich, like the lottery. It's about being prudent and patient and choosing to have a quarter tomorrow -- rather than a nickel today. I hope this helps.
  2. I don't think that options are traded for penny stocks. Try commodities instead. Soybeans and Corn futures are relatively cheap. Accounts are $2500 to open at PFG while one lot of Corn after margin is $588 and one lot of Soybeans is $1998. The Buy recommendation for November Soybeans is heartily supported, but watch your short-term margin calls and take profit judiciously.
Powered by Yahoo! Answers