I have recently read about a mining company in Australia that is mining a rare type of natural earth commodity. The natural resource product is being bought in large quantities by China.
The stock was up over 10% on Friday on a volume of approximately 360,000 to over $1.00 a share. Is looking further into these announcements worth the time and due diligence?
Or is it in all liklihood the same old pump and dump? Do some individuals become wealthy by seeking out exceptional opportunities in penny stocks?
2007-01-22 04:41:45 · 5 answers · asked by Rob 2 in Business & Finance ➔ Investing
Yes, fortunes can be made and they can also be lost. I have seen them go up and down far more than 10% in minutes.
2007-01-22 04:49:53 · answer #1 · answered by Wurm™ 6 · 0⤊ 0⤋
Hey,
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Penny stocks, also known as cent stocks in some countries, are common shares of small public companies that trade at low prices per share.
I've been subscribing to this PennyStock web site for about a year now and have loved the objective advice they give. He really does look for quality stocks and I've made some pretty nice profits on a lot of his suggestions. Being still fairly new to investing I have been dabbling a lot in penny stocks to try and grow my account. I may not have a big account, but it's a lot bigger than it was a year ago. On just one of Nathan's picks this year I managed to make my investment back ten-fold! Be careful! Penny stocks are notoriously risky but if you follow the right method the risk is almost 0. I suggest to invest only little money first and then reinvest the profits. This is the site I'm using: http://pennystocks.toptips.org
Have a nice day
2014-09-22 16:29:00 · answer #2 · answered by Anonymous · 0⤊ 0⤋
How does Trading Work? I can say you that take a look at this site ( http://forexsignal.kyma.info ) may be it can help you. It 's one of the best course about trading. It seems like Trading is almost totally based on Macro-economics. It also strikes me that since there are not nearly as many currencies as there are stocks/bonds/derivatives etc etc, there must be a large number of market players in each currency bracket. So logically, currencies must be very liquid true? Also, what is the risk of Currency trading, high or low? When I read the business section every day I notice that the Canadian loonie moves hardly a tenth of a cent on a regular basis (in comparison to the US dollar). So it seems like theres very little room for growth in currencies unless you leverage. On that note, whats the maximum leverage permitted for forex trading. I know in stocks its x2, and in derivatives its x10. Anyway the only way to know how to start a profitable buisness is by following some methods like the one that I suggested.
2014-10-04 04:37:38 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Speculation has a place in every portfolio, but be careful with penny stocks as they rarely pan out. You should always do your homework before making any investment, and you can assume that if you have received an unsolicited e-mail about a particular stock that it is most definitely a pump and dump.
2007-01-22 12:58:51 · answer #4 · answered by howardrourke 3 · 2⤊ 0⤋
The only way to tell if it is a pump and dump or not is to personally visit the company to see if they have a real mine, how many employees, and are really shipping out a product.
2007-01-22 14:51:28 · answer #5 · answered by gosh137 6 · 0⤊ 0⤋