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Prepping for Penny Stock Investing
Researching Penny Stocks
The phrase “penny stock†tends to scare many investors away. But, those are the companies you read about that returned triple and even quadruple-digit returns.
Penny stocks are usually small and newly created companies. While still trying to get established, penny stocks are analogically infants and toddlers compared to large-cap adult companies. With great parental guidance from a superb managing team, penny stocks can hold a promising future.
But, as with all children, they occasionally run amok. Some fall into the financial hole and can’t get out. Others have great balance sheets but no growth strategy. So, how do you…
5Sep2008 | The Penny Sleuth | Comments Off | ContinuedThe Two Money Makers in the Market
The Story That Got You Interested in Stocks
On Nov. 19, 1984, you could have picked up shares of the emerging biotechnology firm Amgen, Inc. (AMGN: NASDAQ) for $3.63.
Those shares rose steadily for the next 20 years and were worth more than $85 as recent as 2005. Taking into account Amgen’s five splits over the past 23 years, you can knock that original 1984 price down to about nine cents a share.
It’s almost impossible to believe that a company that would cost you pennies could turn into a $100 billion pharmaceutical giant specializing in the treatment of rheumatoid arthritis, anemia and…
4Sep2008 | The Penny Sleuth | Comments Off | ContinuedInvesting in Penny Income Stocks
Penny Income Explained
Awhile back, I wrote a report about “Penny Retirement Stocks.†Basically, it detailed how you can collect income that will help you retire through dividend-paying penny stocks. Today, I’d like to dive back into that issue and give you a fresh look at income penny stocks.
First, let’s break down exactly what I’m talking about…
Penny stocks offer the largest potential of capital gains. I’ve said this before, but it’s so true: It’s much easier for a $50 million company to turn into a $100 million one, than it is for a $50 billion company to turn into a $100…
26Aug2008 | The Penny Sleuth | Comments Off | ContinuedBeware of Penny Stock Misconceptions
Prejudices of Penny Stocks
Don’t ever judge a book by its cover. Chances are…it’s a good book. Otherwise it would have never been published. The same goes for penny stocks…
There are several accusations about penny stocks that can make an investor hesitant and timid to invest because of a “risky no-gainer gamble†stereotype. These statements are exaggerated and erroneous…
Learning the truth about what you heard in the past…might be a wealthy opportunity for the future…
Here is the top three…
Misconception #1: Penny stocks are priced low because they are poor performing companies.
Penny stocks are usually small and newly created companies. While still…
12Aug2008 | The Penny Sleuth | Comments Off | ContinuedInvesting in Waste Management
“On a human level, the garbage man is just as important as the teacher or a rock star or a president, because you have to have them. The world would have been dead a long time ago without garbage men.†— Herbie Hancock
In a world full of lawyers, brokers, accountants and any other white-collar profession you can think of, we sometimes forget about the miners, brick makers and garbage men. But without people doing these jobs, our world would be dead, as Herbie puts it.
You probably hear it once a week… The sound of a diesel engine, the loud reverse…
8Jul2008 | The Penny Sleuth | Comments Off | ContinuedInvesting in the Over the Counter Bulletin Board (OTCBB)
Most investors are weary about the Over the Counter Bulletin Board (OTCBB). That’s understandable, considering the amount of bankruptcies, shell companies, and de-listings that occur in over-the-counter markets. But there is a very large misconception that is widely shared among investors: that no over-the-counter company has to report current financial information. That is the case with the Pink Sheets, but not so with the OTCBB.
You see, before 1990 the over-the-counter securities market was a wild-west show. Not complete lawlessness, but close to it. So that year, the SEC started the Over The Counter Bulletin Board as part of the Penny…
6Jun2008 | The Penny Sleuth | Comments Off | Continued
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