I have noticed penny and less stocks may offer opportunities. How can one benefit from trading these? Are there indicators such as, stock price, volume, time of day etc... to consider when trading these stocks? Any comments and remarks are greatly appreciated!!!
Most of them are great investments. You buy cheap and sell when the price doubles or triples. Its easy money. Make note of the illiquid ones. They are the best. Just a thought, triple
"Make note of the illiquid ones." -DO U REFER TO VOLUME? WHAT VOLUME IS considered ILLIQUID? "They are the best." -AND HOW CAN I BENEFIT FROM THEM BEING ILLIQUID? THANX, AGAIN FOR YOUR COMMENT, PLEASE ADVISE!!
newcomer, He was JOKING there, chief! In other words DONT DO IT ;-) On the other hand ... if you feel like getting raped, go for it...OR you could take that money and donate it to your favorite charity! Just a thought!
Online Broker tells client not to enter "market" order on 10,000 shares of a "penny" stock. Client goes online and enters order anyway. Result 20 Grand fed call on a 5,000 dollar cash account.
i used to tell clients penny stocks are like lottery tickets, so scrape together a few grand, buy a basket of diversified pennies sit back and hope, or listen to those stupid junk mails and faxes. of course there are better ways to make money in the market. but on the topic of pennies, i am SICK AND TIRED of GETTING pennied, only reason i opened this thread up, i thought it was a bitch session for the pennied; been happening alot to me lately...
heres an example and the sort of fire your playing with http://worldnetdaily.com/news/article.asp?ARTICLE_ID=30603 take a look at the chart below then read the link
I love em and do well at them. PRB .07 ETRX .065 1) these companies are going out of business soon. 2) they'll both probably double or triple within a week or two. Only what you can afford to lose....