TmDrak
Contributing Member
Cash: $ 0.95
Posts: 38
Joined: 06 Aug 2005
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| Penny Stocks |
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Hello everyone, i'm looking to invest some money in penny stocks..but I have no idea on where to find a good database. Can anyone point me into the right direction to find some good penny stocks?
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Sun Aug 21, 2005 5:54 pm |
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David Briggs
Senior Member
Cash: $ 57.86
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Joined: 16 Jan 2005
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Although I never ever trade in penny stocks, here's where I go to see what's being hyped in the pink sheet world.
http://www.stockspot.com
~~David
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Sun Aug 21, 2005 6:09 pm |
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IDORU
New Member
Cash: $ 1.10
Posts: 5
Joined: 20 Aug 2005
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Please, explain me ... what does it mean penny stocks...
I'm from Russia and can't translate these two words together...
Thank you very much....
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Sun Aug 21, 2005 10:39 pm |
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David Briggs
Senior Member
Cash: $ 57.86
Posts: 289
Joined: 16 Jan 2005
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Stocks that trade for less than a dollar. Or more hopefully, stocks that you can buy for less than a dollar which you can sell later for $2 or higher.
~~David
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Sun Aug 21, 2005 10:51 pm |
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IDORU
New Member
Cash: $ 1.10
Posts: 5
Joined: 20 Aug 2005
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As I understood on your stoks markets all the companyes with the stok's price less than dollar are considered to be bad and "grey" companyes, arent they ? because in my country we don't have as big and serious markets and prices of stoks don't tell you anything about company...
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Mon Aug 22, 2005 12:27 am |
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Goozik
Full Member
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Joined: 11 Aug 2005
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| wow |
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Never heard of penny stocks til I saw your post. Sounds interesting, would love to look into more.
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Mon Aug 22, 2005 12:52 am |
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mlathe
Contributing Member
Cash: $ 6.15
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Joined: 26 Aug 2005
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a penny stock is kind of risky because it shows that the stock fell A LOT for some reason. No one IPOs a stock at $1, which means that it used to trade for more but is now really cheap.
take Delta:
http://www.google.com/search?oi=stock&q=stocks:ET&prev=/search%3Fq%3DET%26hl%3Den%26lr%3D%26c2coff%3D1%26rls%3DGGLG,GGLG:2005-29,GGLG:en
5yrs back it was $50, now its $1.34?
somethings gone wrong. The only reason that a stock price falls is that buyers don't think they can make a profit. As you can see, the stock market doesn't think very highly of Delta's prospects... Hence penny stocks are dangerous, but this could be a good time to buy (if Delta gets back to $50 sometime soon)
--Matthias
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Fri Aug 26, 2005 3:23 pm |
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thebeave
Preferred Member
Cash: $ 31.20
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Joined: 07 Aug 2005
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The thing about penny stocks is you can get a lot of shares for a little money. Maybe not exactly a very little but say a 500 shares of a $1.00 stock for $500 plus transaction fee. This means if they go bottom up, you lose $500, which hurts but not as bad as $5,000 or $50,000. On the other hand, if the shares go up to $10 each, you just made $4,500. It's all luck with a little bit of research involved, but at least you don't lose as much money.
The Wedding Experiment
www.interestinginvesting.com
Earn Money For Discussing Topics
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Tue Aug 30, 2005 4:35 am |
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nomav6
Full Member
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Location: kentucky
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penny stocks are risky but you can make a profit from time to time, just watch them close, for example I bought a lot of stock in xybr watched it it went up to about 50% and I got out, the next week they dropped off, so I got out with a 50% profit, but on the other hand like someone else said delta airlines is now a penny stock, well I bought some of delta about a year ago, and I've done nothing but loose on it, so it is a risk, just make sure like all stocks, penny or high dollar, dont put all your money on one thing.
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Thu Sep 15, 2005 12:33 am |
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IdahoSpud
Member
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Joined: 01 Aug 2005
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Look at the stuff the previous poster is pushing. Do you really want to put your money on the line and hope than an unknown stock will 'pop'? The reality is that you will probably lose most of that money.
For the most part, penny stocks should be considered speculation. If you do enough research, you might find some good penny stock companies - future Wal-Marts.
OTOH, most speculators don't do that kind of research. That's the difference between speculating (gambling really) and investing.
I'd rather have 100 shares of a stodgy company like General Electric than 5000 shares of the stocks this guy mentioned.
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Fri Sep 16, 2005 10:03 am |
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Rolo
Yo' Daddy
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Location: Colorado/Florida
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Geez, Sarah...try some tact once in a while, eh?  rough...heh
You get what you pay for...the risk/reward ratio for most penny stocks does not pan out.
However, there are exceptions, like SIRI and XMSR, in which I invested at 75 cents and $3.25 respectively.
"Expect me when you see me."
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Fri Sep 16, 2005 12:43 pm |
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InfamousG
Member
Cash: $ 3.55
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Joined: 16 Sep 2005
Location: Berkley, MI
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The definition of Penny Stocks has them at $1 per share, but the Broker/Dealer I work for the client must sign a Penny Stock Risk Disclosure agreement before purchasing any stock under $5.
This is mainly to prevent someone getting a "hot tip" that this company selling stock for $3.50/each... throwing in $49,000 (14,000 sh) because it's such a great deal, then the stock drops to $0.10 ($1,400) and has no chance of recovery. Too many people are willing to sue for their loss of $47,600 because the firm didn't "adequatly inform the client of risk". Having the disclosure on file reminds the client thats calling his lawyer:
"You're screwed, stop whining"
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Fri Sep 16, 2005 6:13 pm |
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cmpolis
Member
Cash: $ 3.20
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Joined: 20 Sep 2005
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Penny stocks are pretty risky, ETFs might be a better investment.
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Tue Sep 20, 2005 1:51 am |
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