Has anyone ever had any luck investing in Penny Stocks? What is a good Penny Stock to invest in?
438342
I have said this too many times already. Don't ask people for investing recomendations. Only trust yourself. You need to devise your own investing strategy. \n\nI have traded penny stocks before and I have had very profitable positions before. \n\nsome things to look out for: \n\nPenny stocks tend to be more risky and thus tend to offer the potential for quicker and higher returns.  Although one problem with penny stocks are that you need to keep and eye on bid/ask sizes and average volumes as criteria to definatly include in your strategy, unless you are investing less than say 5k, more than that and you may have a substantial price effect from buying or selling, so keep and eye on the sizes. Also used limit order for sure, you don't want to put in an order then have the price jump 10%+ so that when you buy you overdraw your account, in which case you will need to come up with the additional funds before selling.
255746
If you put in a limit order for $5.00 and the stock trades as low as $5.00 you may not get filled, or if it is a lot of shares you may get a partial fill. Any market orders placed before the limit price was hit will be ahead of you and there may not be enough sellers at the low price to make everyone happy.\n\nBut in general you will get them at that price or fractions of a penny better if you use someone like ameritrade and it trades through your price.
402849
pennystocks are one of my hobbies and it is an exciting and risky one.  I use a variety of sites like allpennystocks.com and hotpennystocks.com to stockhouse.com.  I like to watch volume and cetain trends in the marketplace.  I also watch the OTC news bulletin for interesting articles and business ideas.
921298
I like Dell stock, but I don't think I would buy it here.  It has come up from $19 only recently.  I think the easy money has been made.  That said, Dell is still a fantastic company.  I own 3 Dell computers.  \n\nIf you are looking for investment ideas, I think the first thing to do is see what the best traders are buying and selling.  this is the idea behind http://www.top10traders.com - this is a free site that lets you create a portfolio of stocks with $100,000 in "play" money.  Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors.  You can also read posts on investing from the best traders, as well as share your own investing ideas.\n\nHere are this month's best traders:\n\nhttp://www.top10traders.com/Top10Standings.aspx\n\nGood luck!
350602
Do you research on pennies. There are many sites on the internet that could help but watch out because there are also alot of pump and dump sites as well.  cbsmarketwatch.com has listings of OTC stocks and many useful tools to research them  Good Luck!!!!  risk=reward
620102
First off, stop trading penny stocks, you will almost certainly lose money, particularly if you don't understand some basics like how the spread works.  To answer your question 0.0001 is one hundredth of a penny.  You need one hundred of them to make one cent.\n\nSecondly, you should probably not even attempt day trading at this point.  You need to have a much better understanding of how this all works.  Take some time, take a course, read some books, learn from some other traders, but whatever you do, don't try and trade penny stocks!!
247722
Here in the UK, we have several penny stocks labelled in pennies on the pound sterling. Some can be very impressive like Aegis Group (February 2003 55p, Now 131p) and some can be complete disasters like Orbis (floated April 2004 16p, Now 3p). Indeed I had a cracker of an experience with Bula Resources (I bought the shares at 3p back in 1997, next thing I knew the company had been liquidated).\n\nBasically, buying the shares are not a problem, but to make money on them well that's another kettle of fish altogether
853895
Well I recently invested in the stock market with 1k. I baught LOGI at like 25.80 and its up to 27.50 or something so I'm doing rather well for myself I'd say! I use Scottrade...(if you want to sign up let me refer you so we both get 3 free trades...they dont give you anything if no one refers you) send your email to cammyton@yahoo.com if you are insterested.\n\nP.S I am planning on investing in toshiba next I think because they are rather cheap and I believe they are a part of that new BlueRay DVD thing coming out.
886195
I use Scottrade.com, but you might want to also consider Sharebuilder.com.  \n\nIf you are looking for investment ideas, the first thing you should do is see what the best traders are buying and selling.  This is the idea behind http://www.top10traders.com - this is a free site that lets you create a portfolio of stocks with $100,000 in "play" money.  Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors.  You can also read posts on investing from the best traders, as well as share your own investing ideas.\n\nHere are this month's best traders:\n\nhttp://www.top10traders.com/Top10Standings.aspx \n\nGood luck!
470736
The best tip I can give you: don't buy penny stock.\n\nThose stocks are at these prices for a reason: bad debt, close to bankrupt, you name it.\n\nIf you don't know where to invest your money, buy an index tracker using dollar cost averaging. It will not make you rich overnight, but it will create you a nice nest egg, over time.
460909
They're all good to watch. Not many worth buying, unless you like being manipulated.\n\nAnyone with a million dollars or so can pump and dump these stocks and send their prices soaring, so that you get in, then plunging, so that you lose everything very fast. \n\nOr the average guy, you for example, can start a new company building furniture. It's decent stuff and you have it built in the Caymans so your cost is cheap and you make money. Take the company public and issue stock with an IPO. \n\nWhen the stock soars on the IPO, sell your shares and start a subsidiary, and put all your money into that new company making T-shirts. Of course, the furniture company's stock fell considerably, because you took all of the cash out. \n\nWhen you make money on T-shirts, go public, and when the IPO soars, sell your shares, and buy back the furniture stock at depressed levels. Of course, the T-shirt stock goes down the tubes, because you pulled the cash out, but hey, you're making a killing onthe stock.\n\nThis is legal manipulation. You've been warned. Penny stocks are very risky for a reason, or lots of reasons. Buy something with known value, that's been around awhile, and will continue to be around. So what if you can't buy as many shares? You can still double your money, and reduce your risk in half, by investing in the future of a stable company not ran or manipulated by shysters.
34889
No such thing. That's why they are called penny stocks. But if you want an interesting penny stock try Proxity (PDNW) - good buying opportunity.
957924
There's a reason these companies are trading on Pink Sheets. Invest in something that will actually make money (i.e. a company that has a future). $1,000 will buy you a decent number of shares in a reputable company.
837511
Interesting question... but what's interesting is that institutional investors invest far more than that in a single company.  As for an individual willing to take on that risk, you see the answers written before mine.  I'll suggest something else: Shufflemaster (SHFL).
2351
I would stay away from penny stocks. This stock is at a 52 week low for a reason. Also, penny stocks can be manipulated easily with pump and dump schemes.\n\nYou're better off putting your money in other transportation stocks like JB HUNT or Fed Ex. Both are excellent companies.
1039952
TD Ameritrade is the best. I have used for years. The interface are trader friendly and portfolio information are shown in details. I buy penny stocks so the $9.99 fixed commission for unlimited shares is good for me. No maintenance fees.\n\nIf you are going to buy penny stocks, you need to be careful about the commission. Search the fine prints.\n\nFor Scottrade, see fine prints: "For stocks priced under $1, add 1/2% of the principal value to the commissions shown. " You will end up to pay more than $7.\n\nEtrade recently reduced the commission with fixed commission for unlimted shares so it is good for penny stock traders too. But I don't like portfolio web page because it is very confusing and do not show all the information I want to see.
484335
Instead of trying to get something for nothing, which will only get you opinions and not facts or knowledge, start looking at "how" to invest, rather than "what" to invest in. \n\nInstead of looking at assest classes and divestiture and mutual funds vs Google, find out first the condition of the market, its position, and its trend. All boats rise and fall on the tide, unless you're clairvoyand and can pick the one or two that doesn't. No future in swimming against the tide.\n\nYou have to consider that the Dow is again approaching that all-time historical high set in Jan 2000 at 11,721. Looks like a Double Top to me, but some people say we could double that again. Logically, this is one of the scariest markets I've ever seen in two decades of watching it; just try to find something that is stable, anything. Doesn't exist, does it. Anything could send this market over the edge to the great void. But hey, it might double too, who knows.\n\nThis is simply not a good entry point for investors. Be patient, wait a few months, and you'll be able to buy much more stock a lot cheaper, the risks will be lower (even though they will seem higher), and your chance of success greater.\n\nFor most people, the name of the game is capital preservation. You don't invest when the market gets too risky or too frothy or is nearing a market top or an old market top, or when the market is overpriced, or unstable, and all of these things are true today. There really is a time when cash is King. That 1.5% CD is going to look pretty good when everyone else is cryin' in their beer about losses. Or the market could just go sideways to work off the excesses, but either way, you're safe if you're out. Wanna throw the dice, go to Vegas.\n\nIf you wish to research the “Buy and Hold Strategy” further, or perhaps trade yourself, I recommend two book titles. One is called "Which Is Better, Buy-and-Hold or Market Timing?" The other is "Do You Have What It Takes to Be a Market Timer?" They will give you plenty to think about.