I'd stay away from penny stocks personally, it's not where the money is at. Try marketing GPT sites/Freebie sites, or long term hyip's.
Interesting,
Yes, Penny Stocks are more risky, but how can you compare them to anything related to HYIP's, and long term HYIP's do not exist, so I will take legitimate stocks over all the BS anyday. At least when you lose with a PennyStock, it won't be to a scammer if you simply do basic research into companies which will tell you all you need to know rather than phantom internet HYIP's.
There are some "pump and dump" style operations out there where I have lost quite a bit of money. The best route I have found is to do my own research, or sometimes I can found some tips on Google news. I have used one service that is pretty good and it's free at pennyprophet.com. But I tend to make picks myself!
Last edited by contrarian : 05-19-2009 at 04:06 PM.
Penny stocks are normally issued for newer companies with an untested track record. If, and it`s a BIG IF, the company does really well, or, it gets taken over by a larger company, the stock can really increase in value.
Penny stocks aren`t for the faint hearted though, as most will never increase, and the likelihood is the stock will one day become worthless.
A good thing to do is buy newspapers and look through the market section. Keep an eye on the pennies, you will be able to identify the liquid ones soon enough.
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Bullsh*t, www.doublingstocks.com is a pump and dump scheme, i was following him for a while, he also had a blog up that everyone was complaining how the guy that runs the scheme Michael is a downright bullsh*t artist, stay far away from them. On a different note does anyone have any information on Peter Leeds website www.pennystocks.com
Re: Where to find legit Penny stock tips?
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