Stock Markets Exposed
What penny stock are you investing in and why?
I've seen the potential for huge profits in some penny stocks looking at just one month (best noticed was 1,700%) of history but am too afraid to pull the trigger on any cause I don't know crapola about investing.
Public Comments
- Get charting software so you can see what the share price is doing. I recommend Meta Stock for new investors: http://www.equis.com Use a 20-day moving average on your charts as a guide. The penny stock I like at the moment is Edgewater Technologies (EDGW), (last trading at $2.80). A lot of tech stocks like IBM and Google are going up. It's probably the best sector of the market at the moment. You can find out why I like this stock on its website: http://www.edgewater.com/NewsAndEvents/Pages/NewsAndEventsAggregator.aspx This is a good site for penny stocks: www.pennystocks.com
- Ive got GM which is now at around $3 and Sprint which is around $2.50. I generally don't purchase stocks under $5, but these companies are not usually penny stock companies and they seem solid enough to make it through the depression. I am prepared to lose my money for the potential rewards. Its all about risk vs reward. I would research to see whats happening to any stock under $5 before making a purchase.
- Penny stocks are too risky. I'd just go for a no load mutual fund.
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