RSSHow good are the Penny stocks web sites?
Saturday, September 4th, 2010
I subscribed by paying nothing to pennystocksexpert.com. They suggested me BLUG which is doing pretty good for me. Would you suggest me subscribing to any other penny stocks web sites since there are quite a lot if you google them. Or you think are not that good. Please advise.
Penny stocks (any stock priced under $5.00 and NOT traded on a major exchange) in general are extremely RISKY equities to get involved in
most of the companies has HUGE losses, low sales and/or may be bogus and stock prices can be manipulated by insiders
that’s closer to gambling than investing
When you invest/trade in penny stock you should never put up more than you can afford to loose and you should assume you will loose it all. Unlike regular securities, penny stocks usually do not let you use risk cutting procedures (options and/or stop orders) since most are not traded in a regulated market place.
They say when you buy securities you have a 50%-50% chance of making money, when you buy penny stocks you have a 50-50-90% chance, 50-50 chance of making money and a 90% chance of loosing money.
When buying penny stocks, like any other security investment, you never invest 100% of you investing capital. Penny stocks are fun to trade, but you should never count on them to be considered part of your primary investment objectives.
All that said, here are some websites that you will find helpful
http://www.smallcapinvestor.com/
http://www.stockwire.com/
http://alphaking.com/
http://www.otcstockexchange.com/
http://www.mcapstocks.com/Default.asp
http://www.pinksheets.com/pink/quote/ind…
http://ragingbull.quote.com/cgi-bin/stat…
http://www.swingtrades.com/
http://www.thehotpennystocks.com/stock-p…
You have choosing the right option. The future of penny stocks and penny stock investing is very bright. It is changing and the people that are going to make money are the ones that adapt to it. You can get more details advice on penny stocks