2007-07-02 18:59:58 · 3 answers · asked by californiakid102002 2 in Business & Finance ➔ Investing
This stock can be purchased almost anywhere except for some of the larger "full service" brokers. It's a great opportunity to lose 25%-70% of your investment.
The 5 year chart is incredibly scary. Also the insider buying is.... well you judge;
http://finance.yahoo.com/q/it?s=ERMX.OB
I would say that a lot of "newbe's" would be drawn to this type of stock. An experianced trader wouldn't have anything to do with it.
2007-07-02 23:08:29 · answer #1 · answered by Common Sense 7 · 0⤊ 0⤋
Penny stocks are loosely categorized companies with share prices of below $5 and with market caps of under $200 million. They are sometimes referred to as "the slot machines of the equity market" because of the money involved. There may be a good place for penny stocks in the portfolio of an experienced, advanced investor, however, if you follow this guide you will learn the most efficient strategies https://tr.im/ed075
2015-01-25 03:21:36 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I use scottrade.com. I'll be opening an account at Empire Financial tomorrow. They have a guy, Damon Perpetua, that is a penny stock specialist that my CEO uses on an everyday basis to buy thousands of dollars of penny stock shares. Let me know if you have any questions.
2007-07-02 19:14:30 · answer #3 · answered by Anonymous · 0⤊ 0⤋