hello my People,
im looking to try dipping my piggybank into the pennystock game
I got $1000.00 bucks to play with
anyone here familar with pennystocks
hello my People,Take 500 and put it in your hobby account. Take the other 500 and go to casino. You will have fun and your upside potential is pretty much the same.
im looking to try dipping my piggybank into the pennystock game
I got $1000.00 bucks to play with
anyone here familar with pennystocks Originally Posted by Franklin4
Making money in Penny Stocks only is damn near impossible. Not impossible but............... Originally Posted by newcplA couple buddies dabbled in them. They even subscribed to BS 'newsletters' that alert you to the next 'Big ones' to pick. In the end they lost all they invested. One picked one that went up from 50 cents to a few bucks but then started dropping. He tried to sell but nobody would buy! Guess they are easy to buy but very hard to dump.
More risk than reward.That is the key. Only wager what you can afford to lose -- as in gambling as that is what it is. If you can afford to lose the money, it can be a lot of fun. I like to pick one small money stock per year and put 10 grand on it. I find it more palatable to invest in something that has big potential (and risk) while allowing me several thousand shares , as opposed to picking a Google or Apple where you get a handful of shares for your money. That adds to the fun of checking the stock price daily. I have some total losers (Nortel comes to mind where bankruptcy took all 10 Gs) and some that break even or make a modest gain. A decade ago , I put the 10 K on Corning at its nadir of $1.50 and sold it a few years later at over 28 bucks a share. That kind of profit of almost 2000% keeps it exciting.
If you can afford to lose $1K...go for it!
Not stock savvy enough to recommend Originally Posted by splitlicker