2006-09-13 19:27:52 · 5 answers · asked by klay43701 1 in Business & Finance ➔ Investing
Yes, I know of someone who would rake it in about every 6 months. But the other 90% of the time, he LOST! Why, because most penny stocks are highly speculative and basically like a crapshoot.
Better to stick with stocks over $10 or $20 with at least 250,000 shares traded daily.
Hope that helps!
2006-09-14 04:50:38 · answer #1 · answered by Yada Yada Yada 7 · 2⤊ 0⤋
The stock promoters make lots of money. Also the very few people that get tips from those promotors. I know of one case where a surgeon (a brother of a friend of mine). Got a lot of tips from a patient of his that he successfully did cardiac surgery on. the fellow "owed" him one and gave him tips for several months,. on the Toronto penny mines. (this is a long time ago.) He made enough $ to buy a very expensive house in 3 or 4 months. Most of the rest of us get it in the ear when we speculate in penny stocks. (especially the internet scheiss/merd)
D.
2006-09-13 19:39:58 · answer #2 · answered by Dan S 6 · 0⤊ 0⤋
Usually a scam!
2006-09-13 21:03:06 · answer #3 · answered by MeInUSA 5 · 0⤊ 0⤋
Stay away.
You may make some money if you are lucky, but, most people lose all their money!
2006-09-14 03:01:27 · answer #4 · answered by Joe the Expert 2 · 0⤊ 0⤋
no
2006-09-13 19:29:40 · answer #5 · answered by antelias 2 · 0⤊ 0⤋