Looking to increase my investments. I have always had luck with stocks under $10. Thanks
2007-06-06 07:37:23 · 7 answers · asked by m m 1 in Business & Finance ➔ Investing
I like TSTC, which is a chinese company. I also like TOA which is a home builder and should jump once a recovery is in sight. Also, VIMC is another chinese tech company. ANPI is a small pharmaceutical company which has high upward potential.
2007-06-06 07:43:44 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Most stocks under $10/share are destined to be worth nothing in the not-too-distant future; think about it, that's why they are trading at under $10 a share! If you have purchased such stocks in the past, and made money, then it really WAS luck more than anything else!
One hundred shares of a $1 stock are worth EXACTLY the same as two shares of a $50 stock. The primary difference is that it is much more unusual for a $50 stock to go belly-up one night and be worthless in the morning!
P.S. My favorite stock is BRK-A, which has wickedly outperformed the S&P500, the Dow Jones Index, and the Nasdaq for YEARS. But it ain't no $10 stock!
2007-06-06 07:45:42 · answer #2 · answered by Anonymous · 1⤊ 0⤋
You can look at a list of rated ( technically) stocks at :http://www2.barchart.com/sectors.asp?
Click on the Top 100...or any of the " sectors" you might be interested in, and then look down the list for your $ 10. stocks.
There are plenty of " good" stocks under $ 10., but a low stock price does not have anything to do with what a company is " worth". I've held the $10. stocks and the $180. stocks.... one no better or worse than the other.
Good luck
2007-06-06 12:19:18 · answer #3 · answered by jebediabartlett 6 · 1⤊ 0⤋
You always hear buy low sell high, but it doesn't mean to buy junk. Buying at a low price means a low price to earnings ratio or even a low PE to growth value.
For example Yahoo trades at a PE value of 53.80. The price of each share is 27.44
It's competitor is Google with a PE of 44.96, but the price is 518.25. That means google ($518) is priced cheaper than yahoo ($27). please note I'm not endorsing either company, I'm using them to make a point.
Many of those $10 and under companies make no profits at all. You're more likely to lose money than make it when buying them. There is such a thing as a reverse split as well. That is a company will give you 1 share for every 5 shares that you own to bring the price up to say $50. They usually lose even more money after that. (see JDSU).
2007-06-06 16:54:41 · answer #4 · answered by Kilgore 3 · 0⤊ 0⤋
Be very (very) careful. You're asking strangers for advice. Their qualifications and motives can't be verified.
Dealing with stocks under $10 is especially risky. It's an excellent area for very experienced investors. I commit no more that 10% of my portfolio to this areana.
2007-06-06 16:13:31 · answer #5 · answered by Common Sense 7 · 1⤊ 0⤋
You are going for a very risky style of investing. There are ways for you to get very similar returns (14.55% average return over last 34 years) while slashing your risks. Check out this company: http://www.lpl.com/timoconnor/Home.aspx
2007-06-12 03:31:31 · answer #6 · answered by Brett 1 · 0⤊ 0⤋
I personally love these stocks too and ive found http://goldenbullpicks.com to be the best at finding the good ones.
They specialise in them.
2007-06-06 14:29:40 · answer #7 · answered by Anonymous · 0⤊ 0⤋