I really mean fractions of a penny. For example a stock that's at .001
I have made a few hundred dollars, but I would like to make thousands - like $10,000
Anyone want to suggest a stock like that?
2006-07-25 11:53:34 · 16 answers · asked by Anonymous in Business & Finance ➔ Investing
I would stay away from Penny stocks. There just is not as much research and disclosure on them, so they are essentially throwing darts at a dartboard. You are better off purchasing 100 shares of a known company that has had a bad run lately. Basically doing some news research and betting on the turnaround. A perfect example would be a stock like TIVO that is going through some issues, but if they win a upcoming court decision, they should see a little pop in their stock.
You could buy 50 shares at $6.25. If it pops to $10 or more, your in good shape and can used the proceeds to buy something else.
2006-07-25 13:43:35 · answer #1 · answered by Mikey S 2 · 0⤊ 0⤋
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2016-12-24 08:25:25 · answer #2 · answered by Anonymous · 0⤊ 0⤋
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2016-12-24 20:29:40 · answer #3 · answered by Anonymous · 0⤊ 0⤋
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RE:
Is It Possible to Make Money Trading Penny Stock?
I really mean fractions of a penny. For example a stock that's at .001
I have made a few hundred dollars, but I would like to make thousands - like $10,000
Anyone want to suggest a stock like that?
2015-08-06 04:08:03 · answer #4 · answered by Anonymous · 0⤊ 0⤋
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2016-12-18 11:33:56 · answer #5 · answered by Martin 4 · 0⤊ 0⤋
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2015-02-14 22:29:31 · answer #6 · answered by Anonymous · 0⤊ 0⤋
No, because there are too many shysters and con-artists operating in the penny stocks, combined with the illiquidity of penny stocks. (I highly recommend "Rampaging Bulls" by Alexander Tadich- the best book on how these shyster/promoters fleece people hoping to make money in penny stocks.)
I know the theory: "If the stock goes from 0.01 to 0.02 I've doubled my money!" but the reality is that the buy/sell spread will eliminate any potential profits, and commissions will eat up any profits you happen to make.
Many have tried, few have ever succeeded...
2006-07-25 12:17:38 · answer #7 · answered by P Bass 2 · 0⤊ 0⤋
penny stocks are ok for a small portion of your portfolio.
the trick to penny stocks is to invest a little in a lot of different stocks.
As was mentioned above, most are losers... You just want to hit one big winner so it's a numbers game.
about halfway down on the right are links to penny stock info
http://www.nasdaqnews.biz/
2006-07-25 12:18:53 · answer #8 · answered by yeeooow 4 · 0⤊ 0⤋
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2016-04-22 07:16:51 · answer #9 · answered by Anonymous · 0⤊ 0⤋
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2006-07-29 00:26:08 · answer #10 · answered by kgirishraman 3 · 0⤊ 0⤋