Penny Stock Picks Investin
 

I am amazed how few people realize or even know how easy it is to make small fortunes investing in penny stocks with little investment.

People waste money on all sorts of money making scams but few have the courage to do invest in penny stocks.

Anyway, I specialize in penny stocks research so am willing to chat with anyone on the subject.

Max
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I think the reason a lot of people do no invest in penny stocks is that there is usually a reason why they are penny stocks.

Now I am sure a good number of penny stocks might eventually "take off". But what is the statistics on that? How does one actually choose one that might take off, and if there is a way to choose, how do you stay ahead of everyone else picking that stock before you and sending it to the Moon?

Mike

Microsoft was once a penny stock, Lucent technologies is currently a penny stock, Nortel networks is currently a penny stock, Radio Shack was once a $0.25 penny stocks.

Many penny stocks do well and move on to the major indexes.

But ultimately people who trade penny stocks do so for the quick dollar, the small fortunes which can be made on penny stocks several times a year.

The great deterent to trading penny stocks is that wise investors and the big boys try their best to scare people away from penny stocks so they can be the ones making most of the money on penny stocks while manipulating the stocks when they know many investors have weak hands and can be easely shaken of their investment.

Max

I understand that a lot of stocks can start valued in the 'penny stock' category and that many fall to the rank of 'penny stock'. That isn't all too convincing though. I am curious if you know any statistics about penny stocks in general -- how many go and how many sit over a period of say, five years?

Mike

95% of penny stocks are junk and never make it. But we still make money on these penny stocks simply because smart penny stocks investors do not buy penny stocks for long term growth. Penny stocks are volitile and tent to have huge swings several times a year. I buy low and as soon as it spikes a bit I sell.

Averaging $1000 - $3000 a day trading penny stocks is normal for me.

Max

^ impressive. How much are your total assets worth? I've invested in a penny stock once and it did well for me (SUNW). Any general short term penny stock advice?

short term investing in penny stocks is very dangerous but can be very rewarding if your guesswork is correct.

how long are you usually holding a penny stock before it spikes? what do you consider spiking? 100%, 200%, 300% over what you paid? curious...

What would be a good site for me to go to to just get general information on penny stocks, and do some reading/research? The links in your signature look good, but they seem like you need to have at least a basic knowledge. Thanks