How did you get started? books? classes? seminars? internet?
2006-11-23 08:44:55 · 6 answers · asked by Travis F 1 in Business & Finance ➔ Investing
That would be microCAPS not chips.
2006-11-23 09:03:00 · update #1
I have had lot's of success in penny stocks, but it is dangerous. The penny stock market I know is the Canadian Venture exchange where many new miners, and drillers go to get capital. There are also nice ones on the Australian Exchange. However, doing real research is difficult so be careful. These stocks trade on the US bulletin boards as OTC symbols. Some I like, are MEO.V, CHX.V, FMM.V, But be very careful. They can double easily, but just as easily get cut in half.
2006-11-24 06:34:01 · answer #1 · answered by Ryan W 2 · 0⤊ 0⤋
Penny stocks are a fool's game. There's so much pump and dump - news to pump the stock so those who bought it early can sell it after you buy it. I lost $80 on WorldCom when it was around 23 cents a share 5-6 years ago after the collapse and then went to nothing when some company would certainly show up to buy out its assets and it would go to at least 10 dollars. For microchips, Intel and AMD are well-established, innovative companies - go for it. Good Luck!
2006-11-23 08:58:39 · answer #2 · answered by stklotto 4 · 0⤊ 0⤋
With penny stocks, you've gotta know when to hold and when to fold. I bought only 1 penny stock. Paid $0.16. It went up to $0.45 and I sold half the shares. It's now at $0.02
I'm on a bunch of mailing lists, and get a lot of "brochures" on penny stocks. I havn't bought any, but I did track them. As of Nov.17, 49 are down vs. the price on the day the brochure arrived. 2 are up a little. I wouldn't touch them with a 10 foot pole.
One brochure said, "This won't be a $1.75 stock for very long. He was right. It's now at $ 1.20
2006-11-23 08:58:06 · answer #3 · answered by ? 6 · 0⤊ 0⤋
YES !! Did very well with numerous penny stocks.
I taught myself. I read did research on numerous companies that interested me. Contacted the companies directly and asked for prospectus' then bit the bullet and bought super low and sold HIGH !!
aaaaaaaaaaaaaaaaaaagh life is good when you aren't in a hurry. Take your time and read read read !!!
2006-11-23 10:54:18 · answer #4 · answered by Kitty 6 · 0⤊ 0⤋
1
2017-03-01 10:21:25 · answer #5 · answered by ? 3 · 0⤊ 0⤋
Nothing to grand.....Now answer my Question...
2006-11-23 08:49:19 · answer #6 · answered by Joey B 1 · 0⤊ 0⤋