2006-12-29 04:22:32 · 10 answers · asked by frederick f 3 in Business & Finance ➔ Investing
The responses that the other people gave are almost true. You have to do research on a company before you invest. But there are some companies that are on the way up rather then down and other choose not to file with the SEC so there stock is cheap also. Check out this site:http://www.empirerelations.com/. See what companies they are talking about and do research on them. (Use other sources besides the PR firms that rep. the companies)
I know some people who made a lot of money and some people who lost a lot of money. You just have to choose your investment wisely.
I posted an answer simialar to yours and some one gave me PBLS.PK they do not have not filed with the SEC and will be doing so for the first time 1st quater of 2007. They have been around for 30 years. I am still doing research, but so far it seems promising.
2006-12-31 00:20:08 · answer #1 · answered by freida1973 2 · 0⤊ 0⤋
There are no "best" penny stocks. Penny stocks are an extremely speculative investment and seldom pay off.
None of the major money making stocks today were ever penny stocks. Microsoft, Wal-Mart, etc. were never penny stocks.
The worst penny stocks of all are the ones that are spammed. These are "pump & dump" schemes where the spammer buys a block of shares for next to nothing and then rides the rise in the stock for a few days and then dumps the shares for a profit. The practice is illegal and carries a lengthly prison term if caught.
2006-12-29 04:29:42 · answer #2 · answered by Bostonian In MO 7 · 4⤊ 0⤋
Stay away from penny stocks! These companies might go bankrupt, and if they do, your stocks will be worthless!
I remembered I used to buy lots of penny stocks back in 2000. I lost so much money! Just a warning, Stay away from penny stocks!
Note: Some penny stocks are companies who are out to scam your money!
2006-12-29 10:15:46 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Let's be honest. Penny stock i extreme danger to trade with. Personally i lost all my money on penny stock. Answer your question, look for those oil and metal mining stocks.
2006-12-29 05:04:26 · answer #4 · answered by BlueNile 1 · 1⤊ 0⤋
the best penny stock to buy is...........to never buy a penny stock...........these are companies in poor financial shape, why do you think their stock is so cheap...........and when they go out of business, you money goes out of business with them and you have nothing.........best thing to do is never buy a stock if the price is under $10.00 a share.........buying a lot of shares of a bad stock will just give you a big pile of worthless shares
2006-12-29 05:03:25 · answer #5 · answered by besthusbandever 4 · 1⤊ 0⤋
A stock I own is Tower Tech, TWRT.ob. This is a $2 stock, with a roughly $70 million market cap. The Ceo has already said he expects revenue to grow rapidly in the coming year. Here is a link on their business:
http://www.top10traders.com/ViewPost.aspx?postID=82
This link is from http://www.top10traders.com - this is a free site that lets you create a portfolio of stocks with $100,000 in "play" money. Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors.
Good luck!
2006-12-29 05:01:36 · answer #6 · answered by Anonymous · 0⤊ 2⤋
Penny shares are somewhat a legal scam. in case you unquestionably would desire to gamble with shares, check out leveraged ETFs. a minimum of they're rather predictable, yet you may get sturdy bounces off them.
2016-10-19 03:34:49 · answer #7 · answered by mcfee 4 · 0⤊ 0⤋
these are not exactly penny stocks but good companies with cheap stock Sirius(SIRI), Ford(F), Avanir Pharmaceuticals(AVNR), Gateway(GTW)
2006-12-29 05:19:58 · answer #8 · answered by Anonymous · 0⤊ 0⤋