Penny Stocks? Good or Bad?

[TSS]

In a regular market I would never consider putting my money behind a stock trading under $5.00. However, for a scalp or day trade, sure.

[aquaswim47]

Originally Posted by TSS

In a regular market I would never consider putting my money behind a stock trading under $5.00. However, for a scalp or day trade, sure.

I don't know F looks awfully attractive as a potential turnaround. Daimler and GM though are not getting a dime from me.

[fatjack]

Originally Posted by hucks1987

Are penny stocks good or bad? Some people tell me to buy and some tell me dont. Can anyone help me with this?

Any stocks are good to play as long as you trade them and not marry them..

[Johntod]

Trading such as stock trading Forex and CFD Trading has always been little risky, and this time around it has become more of so because of the volatile market

[gemfinder]

Nothing wrong with penny stocks, you just need to know what you are doing though. If you are asking if penny stocks are worth buying on a message board chances are you probably should not buy them, or for that matter any stock until you have educated yourself on how to research them. I posted a penny stock, SIAF on this very forum on 2/26 when it was trading at $.035, it is now at $.16. http://www.stocktradingtogo.com/foru...1-siaf-pk.html. That's a pretty decent gain eh?

Bottom line, you have to know how to do research and understand equity structure. Does not matter if they are listed, OTCBB, pinks, greys, greens or blues.. The only difference with OTC stocks is there is limited information so you have to dig a bit deeper to conduct your research.

[bsilva177]

I wouldn't get into that to risky and not worth it just buy a decent company that has feature

[gemfinder]

Originally Posted by bsilva177

I wouldn't get into that to risky and not worth it just buy a decent company that has feature

Some "decent" listed companies are not doing so hot.

I disagree, pinksheets are another story, but OTCBB stocks do report. A good example of a swing trade I made that has already netted me almost 80% was CNOA. I picked up some at $.15 a share and it is now trading at $.28. It has the potential to go much higher.

My personal fav right now are China Agro stocks. I'm doing quite well in both SIAF and CNOA now. My portfolio is well up over 150% so far this year as a result.

You HAVE to know what you are doing though. You have to read the filings and understand the industry you are investing in. Most penny stocks stocks are not very liquid so you have to really know what you are doing.

I will agree pinksheets are a bit more risky due to the lack of information.

[fatjack]

Trade em all that's what I do. Works good for me. Win some lose some..