2006-06-16 11:43:19 · 7 answers · asked by Jack T 2 in Business & Finance ➔ Investing
The problem with most penny stocks is that alot of the time they are traded on the OTC (Over The Counter) Market and not subject to the same financial standards/guidelines as other publicly listed stocks.
To give you an example - If you went to a race track and were allowed to place a bet when the race was nearly complete, would you be willing to pay a little extra to place that bet? That is why the blue chips and other equities with track records have better liquidity and track record.
2006-06-16 16:44:14 · answer #1 · answered by Michael K 1 · 0⤊ 0⤋
Penny stocks are loosely categorized companies with share prices of below $5 and with market caps of under $200 million. They are sometimes referred to as "the slot machines of the equity market" because of the money involved. There may be a good place for penny stocks in the portfolio of an experienced, advanced investor, however, if you follow this guide you will learn the most efficient strategies https://tr.im/fb19f
2015-01-24 23:58:25 · answer #2 · answered by Anonymous · 0⤊ 0⤋
You cannot use decent and penny stocks in the same sentence.
You really need to buy the first four seasons of "The Sopranos" on DVD.
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2006-06-16 15:59:39 · answer #3 · answered by Anonymous · 0⤊ 0⤋
The procedure I recommend is this:
Read the financial columns of serious news papers for a few days and see which small companies they are tipping and why. Select the company with the best story.
Look up its brief details like yield, P/E ratio, high and low, in the special pages at the back.
If you like what you see, telephone your broker and discuss it further, or if you do not have one, just go ahead and buy . Bear in mind the smaller companies are the most risky,so be conservative.
2006-06-16 12:24:47 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Well, first of all, I'm not sure there's any such thing as a "decent" penny stock pick.
That said, you might check a newsletter put out by Agora called Microcap Moonshots
2006-06-16 11:46:11 · answer #5 · answered by Allen 3 · 0⤊ 0⤋
Reuters.com
2006-06-16 11:52:13 · answer #6 · answered by Anonymous · 0⤊ 0⤋
just yahoo search it and im sure u'll find something
im too lazy to do it myself tho :)
2006-06-16 11:46:00 · answer #7 · answered by Anonymous · 0⤊ 0⤋