Penny Stocks?

[djsamson]

Can anyone share their penny stock experiences? I don't have alot of money but from what I've read penny stocks are a good buy for people who are low on funds.

Also, are there stock screeners for penny stocks?

Thanks

[anfern057]

Reuters.com has a free screener that you can use to find any criteria you want. Its called powerscreener lite I think.

I've only dabbled in penny stocks a couple of times and I didn't like it too much.

[spncr2]

Hey djsamson! I have had experience with penny stocks. Plain and simple, they can either make ya lots of money or lose ya lots of money. Really.

Blain, (Stocktrading101) trades penny stocks quite a bit. Or used to. Make sure, for future reference, to see what the price range of a penny stock you're interested in is per day. There are plenty of penny stocks that move a little per day and others that go crazy. Thats just one small piece of advice. My blog (Stock Lingo) might help you out with stocks in general. Check it out if ya find time and interest.

Good luck!
Take care,

Spencer.

[djsamson]

Are there any free penny stock screeners? Reuters.com is nice but I'm trying to save all my money for investing.

[anfern057]

Isn't the PowerScreener Lite free?

[gijoe9]

All Penny Stocks.com - Micro Cap and Small Cap Stocks may be a place to start looking for penny stocks not really a screener but some good stuff there for the person looking to use the leverage of penny stocks. Good luck with the penny stocks.

[djsamson]

Thanks for the info.

Does anyone know of any good investing/penny stock books?

Thanks.

[lehayes]

DJ, I would recommend that you start off with simple investments not penny stocks. People think that because it is a penny stock and they have limited investment amount, that they should consider penny stocks. This is the wrong way to think of penny stocks and many big timer investors in the penny stocks will take you out like a shark.

Penny stocks are for those who know and understand the market well. There is very high risk in penny stock investing. Now by saying this I define the penny stock as a stock that is traded on Pink slips Bullitin board trading, or over the counter.

When a stock is low priced and it is traded on the open market it is not a penny stock. This is the area where your budgeted money should go. It is small on the trade (price per share) and yet it is protected by the open market policies. This way you get more bang for your buck, but less risk than a penny stock. I usually aim for stocks between $1.00 and $5.00 to get started on a limited amount. As you go through the stocks at this price the first thing you want to do is to remove all penny stocks from the list. This way you stay in the lower risk levels. Then do a good investigation on a stock that will work for you. If you find the Ultimate Investing Challenge forum thread, you will find that I am discussing this a sort of investing. It can help you to find the stocks that fit your needs without the risk of penny stock investing.