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Below the Radar: A Guide to Penny Stock Pitfalls and Profits
Penny-stock traders are like the Rodney Dangerfields of the investment world – they get no respect from their bigger brethren.
If a penny-stock trader made a killing on a few penny-stock trades, there’s a good chance he or she orchestrated a “pump-and-dump” scam – where a holder of a big block of penny-stock shares orchestrates a big whisper campaign to pump up the price of his shares. Traders rush in, driving the price skyward, enabling the perpetrator to “dump” his shares at a big profit.
The big sales, combined with the end of the hype, usually cause the penny stock to nosedive, inflicting the greatest damage…
1Jul2008 | Money Morning | Comments Off | ContinuedBelow the Radar: A How-to Guide to Pink Sheet Profit
Most investors have heard the term “pink sheets†as a reference to stocks. But how many know what they are.
Pink sheets are companies that are traded over-the-counter and that aren’t part of any major stock exchange. But that doesn’t mean they are any less valuable than traditional stocks, exchange-traded funds (ETFs) or mutual funds.
In fact, expanding your portfolio with pink sheet companies can be extremely lucrative, but you have to make the right moves to rake in the big profits.
Let me explain…
Pink Sheet Basics
Pink sheets began as listings on an electronic database provided by Pink Sheets LLC, and…
30Jun2008 | Money Morning | Comments Off | ContinuedPenny Stock Investment Tips
Ten Tips for New Penny Stock Investors
Many people who have never played the stock market game before start with penny stocks. Heck, even if you’ve been around investing for decades, penny stocks are still your ticket to triple-, quadruple- or even quintuple-digit gains. You just can’t see those if you bet on the Dow.
The problem is penny stocks are a bit more difficult to research than their large blue chip cousins. To make this a bit simpler for first-time investors, here are the top ten things to keep in mind when looking for solid penny stock plays:
10. Think Outside the…
30Jun2008 | The Penny Sleuth | Comments Off | Continued
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