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[QUOTE]Originally posted by 100prcent: [QB] I don't recommend trading in penny stocks for a beginner but if you must, here are a couple of tips for you. These tips don't always apply to every stock and each situation is different. Find a company that is going to do well in the current economy. Oil and Energy companies are doing very well right now. I hate to admit it but companies who gain to benefit from the hurricane are also going to do well. Clean up companies right away. Down the line, 6mo-1yr home builders who have a market in that area will go up. Building materials companies also. I personally like to find stocks that have a good amount of volume(shares trading). I also look to find stocks that have basically bottomed out and are showing signs that they might be ready to come back. Before you buy though find out why they bottomed out. Don't put all your money in the same basket. You say you have less than $1000 to invest. I would invest in 3 or 4 different penny stocks. If one tanks, you have 2 or 3 other stocks that could offset that loss. Don't be affraid to sell for a loss. Example: your stock is down 25% and then news that a R/S (reverse split) or other negative is in the works. Better to sell now for a 25% loss than end up with a 95% loss. Don't sell all your shares at once for a gain. If your stock goes up 100% and you believe it still has momentum, sell half your shares so you make your money from your initial investment back and leave the other half. You've made your money back and the other half of the shares could still continue to climb. And most importantly, research the stocks you are interested in investing in.(DD) Learn how to read charts and read the indicators from them. Many, Many, Many more things you need to know but that is a start for you. Unfortunately, I am not able to recommend specific stocks for you. Most people wont because they would hate to recommend a stock to you that ends up tanking and seeing you lose all your money. [/QB][/QUOTE]
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