2007-10-30 20:27:22 · 4 answers · asked by vinny 2 in Business & Finance ➔ Investing
Yes == Don't do it ..
OK, the difference of a few pence in a penny share == huge percentage gain/loss .. however there is often very little market in such shares and the prices published are "indicative" .. i.e. you will typically pay more or get a (lot) less than the 'published' price ..
.. and the 'spreads' are often a killer too ..
There is a REASON why one share is worth 5p and another 1005p ... and it's NOTHING to do with 'secret' processes or 'overlooked' value ...
Finally there is the observation that publishing 'penny share' magazines PLAINLY makes more money than 'investing' in the actual shares being tipped (usually - sometimes the scam-artist will tip shares he already owns in order to 'pump' the price .. then offload his worthless paper onto the mugs that rush to buy in).. NO ONE wastes time telling others how to make a fortune if that time can be better spent making themselves a fortune...
2007-10-30 20:34:18 · answer #1 · answered by Steve B 7 · 0⤊ 0⤋
Avoid
2007-10-31 08:10:04 · answer #2 · answered by olgreybuzzard 6 · 0⤊ 0⤋
1. Beware of scams.
2. You will not make very much.
3. They are not worth your time.
2007-10-31 03:31:19 · answer #3 · answered by von_meat_helmet 3 · 0⤊ 0⤋
Don't . . . not a liquid market . . . stay clear.
2007-10-31 03:43:49 · answer #4 · answered by Time4AcuPPa 4 · 1⤊ 0⤋