• B 3:03 pm on December 20, 2009 Permalink

    Don’t listen to these people. Some of the wealthiest people in the world made their starting fortunes with penny stocks. There are perfectly legitimate penny stocks out there, what makes them risky is that their prices are not determined using conventional methods. The other problem is that it’s hard to get information on penny stocks. The naysayers are right, however, in that you could much more easily lose everything you’ve invested. So, you have to really know how to analyze and forecast or there is a good chance you’ll get killed. Also, it’s not necessarily true that you have to buy them in blocks of 1000 or 5000 or whatever that other person said.

    Avoid the BS and have an independent mind. The thing about penny stocks is that you have to look at the timeline for when you might actually realize some returns, and you have to consider how viable is their business. Learn how to analyze all of their financials, look beyond their biased website for outside information, and then wait. And if you still aren’t convinced, then don’t buy. And when you do buy, make sure you are analyzing all of their numbers, and buy in portions over time. Don’t dump all your savings at once.

    Finally, hedge your investment with something less risky. Good luck, and don’t forget to think for yourself.

  • pilgrim traveler 3:03 pm on December 20, 2009 Permalink

    Take your money, build a campfire and roast some wieners and marshmallows. At least you’ll get some use out of it before it disappears. peace

  • claudiacake 3:03 pm on December 20, 2009 Permalink

    Penny stocks are generally stocks that have been devalued down to literally pennies. They usually sell in blocks of 5000-10000 shares. They are extremely risky and you shouldn’t put any money into them that you can’t afford or don’t expect to lose. I don’t know about online trading sites because I don’t use them, except my broker’s site. My broker doesn’t trade in penny stocks.

  • raypay2003 3:03 pm on December 20, 2009 Permalink

    There are no good penney stocks false data or none to look up to risky