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PENNY STOCKS ARE NOT WORTH IT
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[QUOTE]Originally posted by paulbest: [QB] [QUOTE]Originally posted by mastermind555: [qb] the truth is, 9 out of 10 are failures and just give you false hope [/qb][/QUOTE]I agree, there are only 1-3 in 20 stocks mentioned on the below 10 cent forum that are worth considering. But there are some dandy's. What you need to do is have a margin acct and learn the game of flipping. Can be dangerous IF you do not know what you are doing AND IF you do not know the history of the price of the stock, the co, shares, AND IF you do not know how to read all the different charts, moving averages, chaikin money flow, , whats the rumors surrounding the co, news expectations, etc. ONLY 1-3 in 20 stocks mentioned in the below 10 cent are worth considering. So every week you may find 1 or 2 good picks. Now you build from that. Keep an eye on YOUR BEST PICKS. Don't watch too many. Look at AVTI. I know why this stock rocketed like it did in Nov.(medical conference), its a snail stock, but may "pop" one day. It stays around 2.5 cents, you really can't flip it for much, until it pops.. Its a hold stock and one day will pop. YOU WILL NOT LOSE ANY MONEY and will have to wait patiently for it to "pop. Now you have to be at the computer when it "pops" as it will sink with profit taking, rather quickly. . Look at MENV, ck out the topic, when posted was 2.5 cents, gained in value since earlt Dec, now close to .07. THis is a very very rare penny stock as its a GROWTH penny stock. Very rare. There are 4 main groupings of penny stocks. MENV is in the select group that holds its value. So trading in pennies is part skill/part luck. Its like any 9 to 5 job, and like any trade that requires skill , you must "learn the ropes", and also you must get 'schooling" that is an education. Learn charts/figures. There are certain laws on some pennies, the 4 groupings/each group operates with a slightly different set of laws. Also intuition helps. Some traders do not have much intuition and stay with a stock like they are part of a club, or a cult. [/QB][/QUOTE]
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