Comments on: Penny Stocks: The Worst Investment You Can Make

By: Just started

Just started — Mon, 29 Jun 2009 03:45:41 +0000

I am a bit nervous now that I have read this stuff. I am now trying Penny stocks and so far lost 13% on one investment, so i am thinking maybe to do more research before I invest. I am hoping to earn a living doing this, but don’t have the capital to spend on anything greater than 2 dollar a share. Hmmm….I guess this beats the casino which netted me losses in the 10s of thousands over a ten year period.

By: Market Timing

Market Timing — Mon, 08 Jun 2009 12:46:59 +0000

[...] last week, he talked about one of the investments he loves to hate: penny stocks. These speculative investments are the biggest cause of more new investors “losing it [...]

By: Rommel Rivera

Rommel Rivera — Thu, 30 Apr 2009 16:26:48 +0000

I bought Nuvo @ $0.075 for $20K worth (TSX: NRI). Waited for a about a year. I sold it at $0.195 (150% gain).

However, bought BWR @ 2.5 and now its 0.135.

You win some you loose alot. Stay away from Penny Stocks!!!!

By: Bob

Bob — Sat, 25 Apr 2009 18:43:09 +0000

Thanks Geoffrey, I recently bought MDOR very low, and it has about tripled. The research looks good for continued growth.

By: M.J Rowland

M.J Rowland — Sat, 25 Apr 2009 12:47:22 +0000

Forget about pennies…

Invest in proven, dividend stocks… I found a great one in NRT…

good luck

By: Peter Danzo

Peter Danzo — Tue, 21 Apr 2009 18:04:25 +0000

Amen to the advice on penny stocks. I’ve been burned more times than I’d like to admit. There’s also another scam related to penny stocks. I recently got an unsolicited “energy investment newsletter” that described a company named Fidelis Energy as “the one energy stock you must own”, claiming all sorts of oi; and natural gas reserves at a time when prices were at a record high. I fell for it, hook, line, and sinker and invested $10,000 @ $.85/share, and you guessed it – it then dropped to $.50/share and is now worth $.00009/share. I’ve since gotten numerous similar “newsletters” and tracked them out of curiosity and of course they are now all worthless. So beware of any unsolicited “newsletters” by snail mail or E-mail.

By: Anuj Poddar

Anuj Poddar — Tue, 21 Apr 2009 05:36:27 +0000

Hi, i read the article on penny stocks..i think its a very good forum for the investors to actually get aware of what the nitty and gritty of stock market is… actually markets are not what we see them through our eyes, its essential to know the technicals behind it…

thank u

By: Ron Towery

Ron Towery — Tue, 21 Apr 2009 01:43:29 +0000

Alex: Thank you – thank you. I have never bought a penny stock though I have a few now! I can never get real informtion on them and, as you indicate, the spreads are terrible plus I do not like buying on the OTC or foreigh exchanges. Thanks again for the reimforcement.

By: Chas

Chas — Tue, 21 Apr 2009 01:40:29 +0000

What I do is backtest the results and see if that was a good pick or not at the time.

Numbers seldom lie.

I tried a few of the so-called good stock pickers and they were false starts, but I have a few good ones that have proven themselves over time. (15 to 25 yrs of trading)

Good-day

By: Chas

Chas — Tue, 21 Apr 2009 01:33:29 +0000

hi Alex,

I like to trade penny stocks and I make considerable amount of money with it.

One ceveat tho, You got to learn the rules and stick with them in this arena.(3 yrs developing my system)

I read a lot of books in this area and I do well with my trades.

You have your area of trade and I have mine.

They say, different strokes for different folks.

Happy trading.