27 Jun
What are some good Penny Stocks to invest in?
What are some good penny stocks ({content}.2 to ) to invest in this harsh economic times? I'm more looking towards Green Stocks that are devoted towards Clean Energy, and stocks that are like to benefit from the Stimulus Package. I know CAT will benefit, but its just to expensive for my low budget. I'm also looking towards a stock that will make quick profit (1 to 3 months).
My goal is to buy a new aluminum macbook and it's just too expensive.
also explain why to invest in it and why you thing it'll make quick profit
Posted by Space Invader101 on 27.06.09 at 5:08 pm
I don't like penny stocks. If the company goes bust, you lose you're entire investment.
These were a few I found. The share price movement on the charts looks good. Just don't put all your money into one of them. That would be too risky.
Pharmaceuticals & Biotech
ANPI
AVRX
Information Technology
SIRF
WSTM
Posted by Common Sense on 27.06.09 at 5:08 pm
You are heading for a big dissapointment. Penny Stocks (stocks under $5.00) are for the vast majority of investors… the road to lose money… not make money.
Thinking that someone on Yahoo Answers has the answer to your question will be damaging to your financial health. Thinking anyone has the answer to your question will be damaging to your financial health.
In my opinion… the minimum requirements for trading Penny stocks are;
A. At least 5 years of trading stocks on a regular basis (and being profitable in them).
B. An exceptional, working knowledge of trading money management, including but not limited to;
Position Sizing
Win/Loss Ratios
Stops
Limit orders
Posted by dk on 27.06.09 at 5:08 pm
mtl