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Stocks for beginners

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	What are penny stocks? How do they work? Are they worth it? By nike15 Asked Dec 21 2006 5:03PM	0 Pts Rate Question

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Top Answer out of 5

by Pokesfan on Apr 7, 2008 at 2:38 am Permalink

Want to make a small fortune in Penny Stocks? Start with a large one!

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ImNotAnonymous-COAT of Maestro-ness May, 05 2008 at 03:32 PM

Hahaha thats a good one.

Answer 2 out of 5

by ImNotAnonymous-COAT of Maestro-ness on May 5, 2008 at 3:32 pm Permalink

Stay away from them. They are usually penny stocks for a reason.

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Answer 3 out of 5

by TheAnswerer on Dec 21, 2006 at 5:06 pm Permalink

They are low-priced issues, often highly speculative, selling at less than $1 a share. Frequently used as a term of disparagement, although some penny stocks have developed into investment-caliber issues.

Netegrity $2.18 to $78.20 3487%

Visionics $4.38 to $21.00 379%

Cellstar $1.44 to $13.50 837%

Iomega $3.25 to $13.90 328%

Nanophase $3.75 to $16.75 347%

Immunomedics $1.44 to $29.12 1922%

Total Renal Care$3.12 to $26.95 741%

Voxware $ .90 to $10.31 1046%

Corvas $3.00 to $23.25 675%

Cytogen $2.12 to $17.50 725%

Verilink $3.00 to $14.62 387%

GeneLabs $2.31 to $10.72 364%

I'm on the line on this one.

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R_Berue May, 29 2008 at 03:56 PM

Over how long a period of time?
How many unsuccessful trades did that person have before finding these exceptions?
Just about every knowledgeable investor knows those inexpensive stocks are huge gambles. Instead of just telling the great success stories, why not tell the whole story?
VTY,
Ron Berue

Answer 4 out of 5

by Nigel_Jacobs on Aug 11, 2009 at 10:14 pm Permalink

www.thepennystockguru.com!! He had a recent pick, I think was LEE, went from like .$60 to $1.40 in a week! You should check it out if you want to get into penny stocks!

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Answer 5 out of 5

by R_Berue on May 5, 2008 at 3:30 pm Permalink

Penny stocks are very, very, very risky and volatile. AND I LIKE Pokesfan's answer!

Most folks think its a great way to earn fast, easy money. Believe me: Its not.

The ONLY thing penny stocks are good for is to get folks to part with their hard-earned money.

A few sayings about Wall Street:
There aren't any gifts on Wall Street!

Trees don't grow to Heaven. Neither do stocks!

BUlls [BUyers] earn money!
BEars [SEllers] earn money!
Pigs get fat!
Hogs [Greedy traders] get slaughtered!

Plan the trade AND trade the plan!

When a trader breaks his/her trading rules, he/she runs the risk of breaking his her trading account!

Thanks for asking your Q! I enjoyed answering it!

VTY,
Ron Berue
Yes, that is my real last name!

Source(s): My wonderful family!

My wonderful trading coaches and mentors!

ABSOLUTELY THE BEST trading group in the entire world - of which I am proud to be a member of!

"THE University of Hard Knocks"