I would like put a couple of hundred or so to buy a penny share for a quick return. Is this possible in the present down market trend?
2007-12-27 08:54:46 · 16 answers · asked by HOTSTAR 6 in Business & Finance ➔ Investing
Thanks a lot guys and gals. Your answers were an eye opener for me. So my couple of hundred will stay in my ISA!
Wish all of you A VERY HAPPY AND PROSPEROUS NEW YEAR!
2007-12-29 09:47:07 · update #1
I came into a windfall at the time of the .com boom when everyone was buying shares of companies launching on the internet I didnt have enough money for an advisor but thought it was a good opportunity for a quick return. Some investments did ok but most didnt, and there is all the cost involved in buying and selling, a share has an offer price and a bid price so if a share is listed at 10p it would cost 11p to buy and return 9p to sell plus the brokers cost. and as most penny shares either go nowhere or down then you are on a hiding to nothing. I remember there was one share in particular that started to do well but I got cold feet and sold although at a profit nothing like it could have been, but with hindsight I wish I had never bothered
2007-12-28 04:20:50 · answer #1 · answered by Paddy 4 · 0⤊ 0⤋
Penny stocks, also known as cent stocks in some countries, are common shares of small public companies that trade at low prices per share. They are notoriously risky but if you follow a special method I've learned you can earn good money at almost no risk. This is the site I use: http://pennystocks.toptips.org
I definitely recommend subscribing to this site in particular. Very good research, quality stocks. I was a bit weary of penny stocks from all the bad hype they receive but this guy is pretty legit. He's put my mind at ease with a lot of the fears I've had. I especially like that he doesn't send out announcements left and right. I've signed up for other websites that fill my in-box with one company after the other. I don't know where to even start with so many choices in front of me! Nathan sends me one idea a week and that's all I need. Working so many hours during the week leaves me with very little time when I get home to start doing tons of penny stock research. I'm always eager to see what Nathan's next suggestion is each Friday and I love having time on the weekend to do my research.
As said above if you want to make money with penny stocks you have to follow some proven methods. This one in my opinion is the best: http://pennystocks.toptips.org
Cheers.
2014-09-22 15:01:01 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Not possible..in this or any other market trend..
Penny stocks are called that because you get back pennies for your dollars !
You'd be better off buying lottery tickets.
Don't be foolish. Put the money in the bank. When you have at least $1000, buy some good quality no-load mutual funds. If you get to earn 8% a year, you'll do find and have a lot more money in the future.
Get rich slow or get poor fast..
2007-12-27 09:00:12 · answer #3 · answered by edco 5 · 1⤊ 0⤋
Penny shares are very risky. Back in the 80s some mags would "advise" a penny share and it would shoot up in value because loads of people would jump in and buy. The person "advising" the share had bought in advance and quickly sold on to the mugs for a quick profit!
2007-12-27 09:35:57 · answer #4 · answered by brian t 5 · 0⤊ 0⤋
No, but I can tell you about a penny stock that I lost 6 grand on a few years back. Investors that try to make a quick profit in penny stocks, generally end up losing their investment. You see a lot of rookie investors, looking to make a quick buck in the market. Believe me when I tell you it tends not to work that way.
But having said that, many investors need to find this out for themselves, via 'the school of hard knocks'.
2007-12-27 09:04:34 · answer #5 · answered by exactduke 7 · 1⤊ 0⤋
Why not buy five shares of a $40 stock that has grown steadily for ages, instead?
Most penny stocks go sideways or down, not up: there's a reason they cost so little, they aren't worth anything!
2007-12-27 09:02:45 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Please don't act on any advise on shares on this or any other forum, it will likely as not be from pump and dump artists. Shares should be bought in portfolios unless you have special knowledge ( not inside that's illegal) on a sector. You might as well put your 200 ( or indeed 2000) on a horse as back a penny share. If you have to study the investors press and back one of their speculative bets, but only if its "gambling money"
2007-12-27 09:10:42 · answer #7 · answered by jewelking_2000 5 · 0⤊ 0⤋
hahahahaha
bought 10,000 shares of a oil well company 'on the verge of making it' for $450
a year later they consolidated 1:100
(means I now owned 100 shares)
value at $60
4 months later - it was not worth the paper it was written on
Z I L C H
they are few and far between - and it's almost like hitting the lottery when you get one
have a great 2008
2007-12-27 08:59:55 · answer #8 · answered by tom4bucs 7 · 1⤊ 0⤋
1
2017-03-01 04:24:59 · answer #9 · answered by Frey 3 · 0⤊ 0⤋
NEVER, ever fall into this trap. You'll surely lose all the money.
You're better off buying a regular stock even if it's a fewer shares. MSFT = Microsoft
Good luck and take care.
2007-12-27 08:59:04 · answer #10 · answered by Gooogled 4 · 2⤊ 0⤋