| Author | Message | ||
| stu cordova (Balataboy)
Member Username: Balataboy Post Number: 314 Registered: 4-2001 |
I love playing with penny stocks! I never do it with money I can't afford to lose though (if there is such a thing!). To me, it's akin to going to the black-jack table, and since I don't have the time or desire to hang out in casinos, I "play" the penny stocks. I think it takes a bit more smarts and it's fun doing the research on different companies, but I never lose sight of the fact that I'm just playing/gambling, and I leave my real investment money in things I have a lot more control over. I buy pennys for the "rush" that comes with the potential - same reason people buy lottery tickets. Example; When my latest "hot" penny hits a buck and a half, (currently at 14 cents/own 65k shares) I'm stepping up to that 355! See, to me, that's fun!! If you like, I'd be happy to share (for free!) some of the penny stocks I think are a good "bet", but remember... my opinions are worth only as much as you pay for them!!  | ||
| Howie/ExoticAutoBrokers.com (Brokerofexotics)
Member Username: Brokerofexotics Post Number: 309 Registered: 11-2001 |
Mike, If you need to be super speculative, the futures markets are the way to go. Fast moving, liquidity on most instruments and you can short on a downtick. | ||
| Fred (I Luv 4REs) (Iluv4res)
Member Username: Iluv4res Post Number: 264 Registered: 8-2002 |
My opinion: Most penny stocks have thin trading volume. Therefore, they can be easily manipulated by rumours, etc. (a la that 12 year old kid who made $ buying, placing rumors on chatboards, then selling) My philosophy is to not invest into things you don't know anything about. By that, I mean, know the industry, company, competition, product, prospects, etc...of the company you are investing in. I don't invest in 'hot tips'. In other words, if a company that you are already familiar with is being traded as a penny stock, that's different than investing in a penny stock of a company that you know nothing about because it's a hot tip. Anyways, this is just my opinion and it is only worth what you paid for it. | ||
| Mike Clark (Vipersrt)
New member Username: Vipersrt Post Number: 10 Registered: 10-2002 |
Just curious to know if anyone out there invest in penny stocks? Think it is a worthwhile investment or too much risk? |