quote:Originally posted by zigster: would any of you guys ever advise to invest in pennys over the longterm on a widescale basis
Zigster...what are you considering "long term"? With the typical "daytrader" long term whould be a week there have been "pennies" that I have bought into..and "held" for maybe 3-6 months...BUT...I have also "flipped" the stock and "made" money while "holding"....yes some pennies will slowly rise from .009up to .12, or something of that sort....but as a rule...don't ever "invest" in a penny...even when you think that .0001 is a bargin...these pennies can "disappear", do reverse splits...all kinds of stuff...not something to take your savings and stock up on cheap shares with the thought that in 5 years you'll be rich! You would be better off taking that money and giving it to the poor and use it as a tax deduction...be careful!
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards!
IP: Logged |
posted
Definition of a penny stock is a stock under five dollars per share.
Yes, I hold long term very frequently. Blue and I specialize in long play pennies.
ALMI, in at .12 now about 2.00 per HOM, in at 1.50 up to 11.00 plus, now down NWD, in at .65 up to 2.50 plus, now down
Still holding ALMI and others. HOM is out. NWD is now good for another long term hold.
ALMI, been in going on three years. Held HOM about a year. NWD, about eighteen months, now looking to buy in, again.
Should you carefully pick value penny stocks, those exhibiting good financials and slow steady growth, you can average twenty-five to fifty percent growth per year.
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Big Grin]](biggrin.gif)
Still applies Mike. Sorry. ![[Wink]](wink.gif)
