Who has been burned or made out buying "penny" stocks?

Question

Tell your story. Any good ideas on stocks to buy now?

Answer 1

If you define "penny" stocks as being under $1, then I have definitely made some money. I have lost money too. One that has worked well for me lately is Addudell, symbol is ADDL.ob. This company has been profiled on magicformulainvesting.com - it has a low PE and a great return-on-capital - 2 key measurements for value investors. I created a portfolio of stocks based on Joel Greenblatt's magicformula, you can see them here:

http://www.top10traders.com/ViewPortfolio.aspx?userID=92

this site, http://www.top10traders.com is a free site that lets you create your own portfolio of stocks with $100,000 in "play" money. Each month the site ranks the best traders. Here are this month's leaders:

http://www.top10traders.com/Top10Standings.aspx

After far as "real" penny stocks, those under say 25 cents - I would stay away from them. There is usually a good reason why they are only worth a few cents! But if you find one where management seems to have integrity and a good business place, then I would put a little money on the line and see what happens. But if someone emails you and says "Penny stock xyz is about to go up 500%" I would hit delete as fast as I can.

Answer 2

Hi,
Penny stocks, also known as cent stocks in some countries, are common shares of small public companies that trade at low prices per share. They are notoriously risky but if you follow a special method I've learned you can earn good money at almost no risk. This is the site I use: http://pennystocks.toptips.org

I definitely recommend subscribing to this site in particular. Very good research, quality stocks. I was a bit weary of penny stocks from all the bad hype they receive but this guy is pretty legit. He's put my mind at ease with a lot of the fears I've had. I especially like that he doesn't send out announcements left and right. I've signed up for other websites that fill my in-box with one company after the other. I don't know where to even start with so many choices in front of me! Nathan sends me one idea a week and that's all I need. Working so many hours during the week leaves me with very little time when I get home to start doing tons of penny stock research. I'm always eager to see what Nathan's next suggestion is each Friday and I love having time on the weekend to do my research.

As said above if you want to make money with penny stocks you have to follow some proven methods. This one in my opinion is the best: http://pennystocks.toptips.org
Have a nice day

Answer 3

Yep, both of them.

I bought into a VOIP company (Voice Over Internet Protocol) that sold to businesses when such things were getting popular. That company sold out the operations to another company and the remaining shell of the company supposedly has a tin mine or something in Nevada. Today it is called Nevstar Precious Metals (NVPM) and after the reverse split, instead of thousands of shares I have less than 10 and at current prices the brokerage fee to sell it will cost more than the stock is valued at.

Nanoviricide (NNVC) was different. I bought a thousand share at 9 cents and peeled off a couple hundred at a time for prices between 1 and 2 dollars a share.

I still have 111,000 shares of Ekwan-X (EKWX) which is worth about $11.10, but cost me a tad bit more than $200. These guys supposedly have figured out remote sensing for minerals, but all they have figured out is where gold and silver used to be mined (yep, signatures are all there alright). The Vocalscape/Nevstar thing cost me most.