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Penny Stock Traders

Discussion in 'Making Money' started by johnq, Sep 21, 2010.

  1. johnq

    johnq BANNED BANNED

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    Anyone into trading pennies?
     
  2. zverr

    zverr Regular Member

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    I tried it and didn't like it. It seems like complete lottery. Most of these companies don't have any real business or assets. I live outside the US and I can't really go to see where these companies' offices are and what they are doing there. It could be profitable if you invest in companies in your area. Go and see what is their business model and talk to the managers and the employees. Also try to stick to business you understand.
     
  3. gb1000

    gb1000 Registered Member

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    Too much gambling, too many pump and dumps, lotsa manipulation. Good to short when they rise too high on BS hype tho ;)
     
  4. anish891

    anish891 Junior Member

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    I did it for a while but I'm going to step out soon. The only ones worth playing are seasonal ones. Most of them are scams and have no legit assets. I hit it big on one but I've been burned on too many other ones.