Lux Investing
where can i find A LOT of information about investing in penny stocking?
also i would like a website where i can learn how to read a stock market chart!.. i tried a few but is very complicated
Public Comments
- well i just want to tell you from my dumba$$ experience someone wont always be around to buy it back when you wanna sell lost 600 dollars would have made 1200 =( just a friendly warning search on about.com or wikipedia.com
- So you are looking to loose money quickly? "Accordingly, the SEC warns that penny stocks are high risk investments and new investors should be aware of the risks involved. These risks include limited liquidity, lack of financial reporting, and fraud." (Penny Stocks - listed as "Pink Sheets) have "little to no regulatory or listing requirements whatsoever, at least compared to major markets." http://www.fool.com/foolish8/2001/foolish8011119.htm http://en.wikipedia.org/wiki/Penny_stock Avoid penny stocks. There is a reason why they are cheap. Most are worth nothing. It is easy to get in, and real hard to get out. If you are not very familiar with how market making works with these stocks, you should avoid trying to buy them. -- 19 year investment professional (see my bio) Watch the movie "Boiler Room." It is all about low priced stocks and the hype that surrounds them. The movie is based on a true story. http://www.imdb.com/title/tt0181984/
- When I first started investing, I went to a broker and tried to buy penny stocks...The broker explained to me, that for someone starting off, they should buy good quality blue chip stocks even though the amount of money available for investing was not a lot. But I wanted instant gains, and lots of them...so I bought my penny stocks After a few years of doing this and finding that in reallity I had lost $50,000 over these years (Not all trades were losses, but over time it was $50,000 loss) It's like flipping nickels, you flip double or nothing until you loose everything. So my expensive education keeps me away from penny stocks and has taught me to understand fundamental values for stocks and I invest accordingly
