2007-10-16 13:18:56 · 3 answers · asked by Anonymous in Business & Finance ➔ Investing
There's no such thing as a "safe" penny stock. The chart for this one actually looks pretty decent but I didn't see any of the company's financials. You can definitely find better stocks in that sector though. With oil heading to 100/barrel look for deep sea drillers or Canadian petrol companies that extract from the oil sands.
2007-10-16 15:37:27 · answer #1 · answered by zzgorch 3 · 0⤊ 0⤋
Bottom Line: There are no safe penny stocks
Trust me
The stock market is enough of a gamble even when you invest in "stable companies" (Tyco, Enron, etc, were once stable)
But to invest in penny stocks??
Maybe if you skydive on the weekends
Just make sure you don't do it on margin...
Good Luck
2007-10-16 23:33:49 · answer #2 · answered by anybody1991 2 · 0⤊ 0⤋
Some people say that there are no safe penny stocks.
2007-10-16 21:29:17 · answer #3 · answered by Bibs 7 · 0⤊ 0⤋