posted
hhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh.... thx anyway ... i'm just fresh to this field and i read about penny stocks and 0$ stocks and i really didn't understand it.... take it easy guys
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I believe he is referring to subpennies. Some quote service...such as MSN Money do not show subpenny prices...only shows as $0.00. It will not show beyond 2 decimal places.
servant_350...the stocks are not free...they are less than a penny per share.
-------------------- It is impossible to make anything foolproof because fools are so ingenious.
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thx for the information Pegan , Glassman ....
i'm wondering .... i read before that penny stocks r more risky than other stocks ... but when i followed the topics in the penny stocks section i didn't feel big difference between them ... what u think about that?
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they are all risky... pennies have much more volatility, so, you can lose more or make more on any given trade... as a whole? pennies don't have good financial prospects or they wouldn't be pennies....
good luck...
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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Glassman is a good lead to follow. Ck his posts regularly. Another is Ktrain. Just remember, none of us are correct 100% of the time. That's impossible! Guess I am the closest to being that correct....LOL
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quote:Originally posted by servant_350: thx for the information Pegan , Glassman ....
i'm wondering .... i read before that penny stocks r more risky than other stocks ... but when i followed the topics in the penny stocks section i didn't feel big difference between them ... what u think about that?
servant what you read about sub pennies or even penny stocks being of a higher risk then other stocks is the truth. Some make alot of money playing pennies.MOST lose all of their trading capital withen one year or less. the biggest reason for such losses are that alot of pennies dont fully report all of their business activities some dont report anything at all.finding out something as simple as what the real outstanding shares are can be a real task Alot of pennies are start up companies that WILL fail. If you are new to trading then I would advise that you read alot of books. and try to get a good grip on the fundamentels .This is not a joke the fist year that i traded i lost every penny i invested. now the only money that i will "gamble" with is profits from companies listed on the FULLY REPORTING BIG BOARDS nasdaq nyse amex ect learn how and where to find your DD.I learned the hard way that their is no free lunch only good dd and real hard work will pay off. Dont get me wrong their can be some huge pay offs in pennies but that comes with the huge level of risk.and please remember never play with more then you can lose,losing can be part of the game well im not sure if this was of any help. i hope that it was.
posted
imho i beleive that stock picking memberships have some good things to offer but the ones that ive seen seem to always have the best record on stocks that have already jumped,I dont want to say that some dont have a good track record but their are others that have good picks that dont cost anything,the one that i like best is greeenbaron.com now they have some good picks but even they are wrong. as a matter of fact some of the wallstreet "greats" are wrong alot if anyone suggests you invest in the "next big winner" then take the time and do your own dd if you miss out on that one big deal. there is always another waiting. the people that get burned the most are the ones that jump too soon. greenbaron seems to be pretty good at giving me new ideas on potential big winners but they have picked some real boners also.i ALWAYS look for companies that are way undervalued. but in pennies that doesnt mean much ive seen good companies sit for months even years without ever reaching their true pps
my reccomended reading before trading is"how to pick stocks like warren buffett" i think that you would get more from this then you could ever get from peter leeds again jmho
I don't use anyone's recommendations. Do my own DD and, as bmaxinout stated, go by fundamentals. Once in a blue moon I will chance trading outside fundamentals, but they are always a big risk.
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