Riding on Chicago Joe's coattail, I have to
chime in support for his suggestion of doing
your homework, performing a lot of research.Nobody profits without research nor will
anyone profit through blindly believing what
is posted to message boards. My habit is to
treat all as liars until I prove otherwise,
no offense intended, please.
His comment on not sharing a stock tip until
having watched a stock for a month or so, is
very valid. This is my habit as well. However,
I might provide a stock I have only watched
for a week, or even less, but this is rare.
Sometimes, I might "rush" an article in with
good confidence a sudden jump is near, but
only after watching the stock for quite a
period of time.
I am looking forward to reading your articles,
Chicago Joe. This is my first venture into
stocks under ten cents a share. Currently
I will not try trading below a nickel or so.
Perhaps in the future.
Past couple of weeks, I have bought four
which are under ten cents a share. Two are
showing good profit, one remains the same,
one is showing a loss. I am happy with this.
Commenting on a general theme here, forget
the big boys and the big stocks. There is
a lot more money to be made, or lost, in
penny stocks than in high priced stocks,
such as IBM, Micro$oft and, of course, Enron.
Penny stocks, though, are a full time job,
quite literally. To be successful, you must
do what Joe and others suggest; perform a
lot of research, including watching your
purchased stocks, each single day.
Penny stocks, a lot can change about as
fast as you can flick a booger.
Working with penny stocks will turn you
into a tried and true good investor. Those
big boys on Wall Street know diddly squat
compared to penny stock investors.
Purl Gurl
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
