Q&A: Can Penny Stocks Really Make You Rich?
Question by : Can Penny Stocks Really Make You Rich?
Do people really make money with penny stocks? I’m thinking about investing and looking for ways to start light in the market. I’ve read some reports that people are making money with Penny Stocks? Is this true?
Best answer:
Answer by Menard K
The BROKERS are getting rich, and there are a
multitude of suckers who are throwing money away.
its a sick sad world!
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OTC Penny Stock KATX Technical Analysis Video Update 05/11/2010
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Why do so many people invest in penny stocks?
Question by Bravo Sierra: Why do so many people invest in penny stocks?
I know a few traders that swear by these things. I’m not talking about rookies; I mean semi-experienced traders with like 75% of their portfolios devoted to OTC companies. Most of them never make any profit what-so-ever. I understand that some folks when they are starting out will think pennies are a “good buy” and the company “seems like a good idea” but usually after a month or two they realize cheap stocks are a shot in the dark.
All good answers!
Best answer:
Answer by Playboysmurf
The same reason people play the lottery
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Can fortunes be made in penny stocks with diligent study of product (or resource) and market capitalization?
Question by Rob: Can fortunes be made in penny stocks with diligent study of product (or resource) and market capitalization?
I have recently read about a mining company in Australia that is mining a rare type of natural earth commodity. The natural resource product is being bought in large quantities by China.
The stock was up over 10% on Friday on a volume of approximately 360,000 to over $ 1.00 a share. Is looking further into these announcements worth the time and due diligence?
Or is it in all liklihood the same old pump and dump? Do some individuals become wealthy by seeking out exceptional opportunities in penny stocks?
Best answer:
Answer by Wurm
Yes, fortunes can be made and they can also be lost. I have seen them go up and down far more than 10% in minutes.
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