New guy asking question

naynay447 · 12-30-2010, 12:57 PM

How do you guys pick these penny stocks? I feel confident in the game, but when it comes to penny stocks, the game is so different. I am young, 19 to be exact, and I want to specualte and wager with small cash on these little stocks. I have been using play money so far. I look at penny stock newsletters. They have doubled and tripled my hypothetical trades, but people say they are "pumpers" and should not be trusted. If they are? WHO CARES? You still double your money...right? And if not by newsletter, how do you pick these stocks? Thanks in advance for ANY help!!!

finalx · 01-01-2011, 05:07 PM

The risk/reward skews to the upside as much as the down side. You can wake up and get few hundred percent of gains, or lose it on the next morning.

It's definitely not for the weak hands (despite it being the favourite for weak hands).

YMMV.

Also with pumps and dumps is you never know when to get out, as greed sets in...

naynay447 · 01-01-2011, 09:06 PM

Thanks!

sharetipsinfo · 05-09-2011, 08:09 AM

No doubt the beauty of the penny stocks is that sometimes they grow up and become mid-cap stocks but not all.Might be your investment become zero as penny stocks can be delisted on rare occasions.Investors who get in early can go along for the ride!Proper fundamental analysis of penny stock companies will generally be very helpful to pick a good penny stock for long-term investment.

12-30-2010, 12:57 PM	#1
naynay447 Junior Trader Join Date: Dec 2010 Location: Prattville, AL Posts: 15 Favorites: F, CMG, DE Rep Power: 32 Reputation: 45	New guy asking question How do you guys pick these penny stocks? I feel confident in the game, but when it comes to penny stocks, the game is so different. I am young, 19 to be exact, and I want to specualte and wager with small cash on these little stocks. I have been using play money so far. I look at penny stock newsletters. They have doubled and tripled my hypothetical trades, but people say they are "pumpers" and should not be trusted. If they are? WHO CARES? You still double your money...right? And if not by newsletter, how do you pick these stocks? Thanks in advance for ANY help!!!
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01-01-2011, 05:07 PM	#2
finalx Super Moderator Join Date: May 2009 Location: London Posts: 212 Rep Power: 80 Reputation: 533	The risk/reward skews to the upside as much as the down side. You can wake up and get few hundred percent of gains, or lose it on the next morning. It's definitely not for the weak hands (despite it being the favourite for weak hands). YMMV. Also with pumps and dumps is you never know when to get out, as greed sets in...
	Rate this post \|

01-01-2011, 09:06 PM	#3
naynay447 Junior Trader Join Date: Dec 2010 Location: Prattville, AL Posts: 15 Favorites: F, CMG, DE Rep Power: 32 Reputation: 45	Thanks!
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05-09-2011, 08:09 AM	#4
sharetipsinfo Junior Trader Join Date: Mar 2011 Location: Delhi Posts: 6 Favorites: Nse, Bse, MCX Rep Power: 28 Reputation: 10	No doubt the beauty of the penny stocks is that sometimes they grow up and become mid-cap stocks but not all.Might be your investment become zero as penny stocks can be delisted on rare occasions.Investors who get in early can go along for the ride!Proper fundamental analysis of penny stock companies will generally be very helpful to pick a good penny stock for long-term investment. __________________ Happy Trading Regards www.Sharetipsinfo.com
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