Lux Investing
Just curious what is the BEST penny stock to invest in under 2 cents a share?
I have some money to invest and I was wondering if someone could direct me in the right direction.... Thanks
Public Comments
- Earning millions on penny stocks throughout the years, I would have to say as a little insider buy ZIPI. Thats the ticker symbol and currently as off 10 min ago the share is priced at $0.0004 per share so if my calculations are correct you could buy 46,000 shares for under $20 bucks. If the market turns around like it should in the next 7-8 months and it reached it's previous 52 week potential which it usually does at least twice in it's lifetime you will realize a profit of $98,000 in half a year for less then $20. Hows that for a good insider?
- Penny stocks are total crap. There's a reason they're practically worthless.
- You need to know that penny stocks are NOT investments. They equate to gambling, and the highest speculation. They are not well regulated, trade on low volume, and or low dollar volume, and easily manipulated. I would never suggest "investing" in penny stocks. If you ignore this advice and do anyway, use money you can afford to lose 100%.
- you are 99% likely to lose money "investing in Penny stocks". if a company stock is priced at 2 cents, there is something seriously wrong with the company and they will most likely be out of business before they ever turn a profit...IF the company isn't a scam organization to begin with. so what if the stock goes from 2 cent to 2 dollars. what happens if you can;t find anyone to buy the shares back from you? the stock is worthless than - like another responder says - very low sales volume, very few buyers and sellers for penny stocks - it's not like stocks on the NYSE or Nasdaq
- There are no best penny stocks. These securities (if you can call them that) are EXTREMELY volatile and for the most part illiquid (low volume). If you invest a substantial amount of capital then you will have to become an expert trader as soon as you press your mouse button to buy your first shares which is impossible. From the tone of your question it sounds like you are a new investor therefore I would encourage you to stay away from Pink Sheet stocks until you are a "talking head on CNBC". If you want to lose money try Circuit City :( My $0.02
