Unless you are really experienced, and understand that these are high risk investments, don't buy penny stocks. Never buy ones you've received "tips" on from the internet or via email. I get dozens of emails a day from scammers telling me to look at stock "__" on a given day, because it is going up.
Here is what happens: they have some shares in a penny stock. Then, they generate enough interest in the stock for it to rise (penny stocks that are thinly traded will rise fairly fast) so they can sell their shares (to YOU). Then, of course, the shares go back to their real value, and the victims are left holding on to virtually worthless shares.
Yes, there are some legitimate penny stocks out there, but if you buy them, buy them because you've read their financial statements and have a really good idea where you are putting your money, not because you want to make a quick buck, rather than because someone has told you they have a hot tip.
2007-03-13 01:05:17
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answer #1
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answered by CanadianBlondie 5
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Unless you've been investing for over 10 years & know your stuff..... penny stocks are not the place to be.
What's worse: Asking complete stranges, with no verifiable qualifications, no idea of their motives where to put your hard earned money.
BTW: Vonage has already proven to be the typical investment of ignorant "newbe's". There is a good reason why this stock has died.... and yet someone "hopes" it to go up & therefore it must happen (not).....................
2007-03-12 16:39:47
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answer #2
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answered by Common Sense 7
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Vonage Holdings. look for their rebound in the next 52 weeks.
2007-03-12 16:19:39
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answer #3
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answered by jules4128 2
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Vonage?????????????????????????
ROFLMAO!
Stay away from these two bit penny scams.
2007-03-12 16:34:49
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answer #4
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answered by Anonymous
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