I never really dealt with Pennystocks and I would like to know if anyone knows of any legit sites that allows you to buy. Since Pennystocks are like $5 a share or could be less than that. There has got to be a good list of legitimate sites where you can buy some Pennystock for those who want to risk your investment.
I honestly have no idea. I don't think I've ever heard of a legitimate penny stock site, although I know a couple of them exist. Nine out of ten sites you'll encounter are scams, so it often becomes a hassle looking for a legit option.
Yeah I really don't understand the question. However, if you haven't heard you should start with the book, penny stock bible, great book.
I'd stick to screening stocks on the legit mainstream sites like Morningstar, Marketwatch, WSJ, etc. If your stock screening parameters happen to pull up any stocks trading below $1, perhaps you can consider buying a little of such stocks if there's plenty of volume, institutional interest, & if they're trading on a legit exchange and have some unique product or service or other competitive advantage, etc.
Morningstar and WSJ I would check those sites out when I get the chance. Its like I do not have as much time now to see them. I would buy more stocks if they were that low of a price around $1 sounds about right.
I don't think there are any legit websites for trading penny stocks. However, I am not saying it would be impossible to have one although people should be careful with them.
Well I don't you should buy stocks based off their price. Just looking at price has nothing to do with it. A 200 dollar stock can double just like a 2 dollar stock could sit for many years and not move.
This is totally true. There are plenty of examples of stocks having been in couple of dollars a decade ago which are now worth of hundreds of dollars.
timothy skyes i belief is his name and there is another one Jason bonds i think . or just do it yourself using yahoo and stock charts.com. start off with a marijuana stock and do some research the one that I bought for 5 cents and it went to 60 cents is plpl that is their listing just google it. If you take your time and do some research you might get a winner but most of the pennies are garbage especially one out of nevada and florida and arizona. I wished i had held on to isrg when it was only 4dollars. good luck
Agreed. It's all about earnings and other factors. Sticker price means nothing in and of itself. I will say that statistically speaking, stocks trading in single digits tend to be riskier than those trading over $10 a share, and stocks trading below $1 are rarely "cheap" and rarely a wise investment by any stretch. A stock trading at one or 2 cents certainly does not HAVE to go up, and most likely will remain worthless and be a waste of money. Stocks trading under $1 are usually there for a good reason or several. And if they're not on an exchange, have very little volume, no institutional interest, poor fundamentals, etc, there's probably no reason to buy even a little bit of them IMO.
