Allstocks.com's Bulletin Board: New Penny Stocks

This is topic New Penny Stocks in forum General Investing Topics at Allstocks.com's Bulletin Board.

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Posted by What_yougot on :

Hi There,

I am new to penny stocks and I am seeking some advice on how to start. Best brokerage system, research data etc..

Thanks,

what_yougot*yahoo.com.au

Posted by PCola77 on :

Read as much as you can from the general stock board here:

http://www.allstocks.com/stockmessageboard/ubb/ultimatebb.php/ubb/forum/f/9.html

read, read, and read some more. Then paper trade before you even consider dropping a real dollar into this cess pool of stocks [Smile]

Posted by Machiavelli on :

Read books on trading... first and foremost to learn the basics at least.. after you do that then we can recommend research sites, brokers etc. To get you started read these two books:

A Beginner's Guide to Short Term Trading by Toni Turner www.toniturner.com

How I made $2,000,000 in the Stock Market by Nicolas Darvas (both these books can be bought cheaply used on Amazon.com and other sites)

If you want other book recommendations let me know. Btw stay away from Micro penny stocks or penny stocks altogether. But if you must try Penny stocks then trade in ones that are priced between $1 and $5. Otherwise I would recommend only trade stocks $5 and over. Preferably $20 and over.

Posted by IMAKEMONEY on :

JUST SEND ME YOUR MONEY, LOL [Good Luck]

Posted by PCola77 on :

LOL. Probably the safest thing to do IMAKE, since you're most likely the one that would take it anyway.

Posted by IMAKEMONEY on :

HEY NOW THATS MEAN,LMAO