 |
7/3/2009
Friday morning
This topic is closed off and you will be taken directly to the website.
Topics taken from open source list. I hope you find this useful.
This site is for our clients only as an information resource.
| Rick Garrett, N9GSU wrote:
Good afternoon, all....
Im new to Penny Stocks, and wondered if anyone could recommend any good
books, magazines, or websites that specalize in penny stocks...most of
the material Ive seen deals more with general investing and gives penny
stocks just a quick overview, and Id like a bi more in depth
information. Also, I cant find anyone in my town (Muncie, Indiana)
that handles Penny Stock transactions....any ideas?
Thanks in advance,
Rick |
| the very first thing you should consider is going to
www.clearstation.com and learning how to read graphs. go to
www.ragingbull.com or www.freerealtime.com and get a userid so you
will have access to realtime quotes. they have message boards which
for the most part you should ignore because the vast majority of the
posts are hype or bashing or pure bullshit. go to www.medved.com and
download a copy of QuoteTracker, its adware and though the ads are
annoying its free other than that, and you can use it to track stock
prices over time. before you can trade stocks you need a broker, and
if you intend to play penny stocks you have to be careful because not
all brokers are suitable for penny stocks. i have heard that
www.webstreet.com is pretty good, i use and like www.mytrack.com, but
there many are others around. important criteria for penny stock
brokers are (1) no per-share premium for large orders, (2) decimal
price entry, (3) reasonable trade commissions. reasonably fast
execu. |
| At the risk of opening up myself up to abusive e-mails, I feel compelled to
warn as many people as I can about the dangers of investing in micro-cap
and/or penny stocks. With so many quality companies available to invest in,
it amazes me that there are so many people that play the lottery with these
stocks. These stocks typically have very limited assets, in fact, in recent
situations where the Securities and Exchange Commission (SEC) suspended
trading in micro-caps the average company had barely $6 million in net
assets with nearly half of those companies having less than $1.25 million.
Sure, there are legitimate start-ups that may be worthwhile investments and
yes, there are actually some penny stocks that are former NASDAQ issues that
have fallen on hard times. But an increasing number of these stocks are pure
danger, plain and simple. |
| #2- never invest in a penny stock for the long term. To many bad things
can happen. Reverse splits, issuing of more shares and bankruptcy to
name a few.If you read that someone is LONG on a penny stock it simply
means they got in at the top and it crashed on them and they are stuck. |
| Since this is your first time buying penny stocks i am going to give you
a winner. It is MKII. I posted on the penny-stock discussion board all
the info. If you get in now you are guaranteed a great profit then you
will have some money to try pennies on your own without risking your own
money if you make a mistake. |
|
