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  1. #1
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    Investing in Stocks

    Any invest in penny stocks? Had any success?



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    Re: Investing in Stocks

    I haven't, but a roommate of mine in college did and made thousands of dollars off it. I'm kind of ****** because he told me once that company's sister company was doing the same thing as the company he invested in and to put in like $1000 to buy it, but I didn't have much money at the time. Could have made some bank, but oh well.

    I think you have to really do your research if you're going to invest a decent amount in them but hey, in theory if you do, you could make a bit.



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    Re: Investing in Stocks

    Ive had minor success, made a couple hundred bucks here and there.



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    Re: Investing in Stocks

    Quote Originally Posted by CyCrazy View Post
    Ive had minor success, made a couple hundred bucks here and there.
    Sounds like your stripping career.


    Team Rainbo_

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  5. #5
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    Re: Investing in Stocks

    I have a coworker that does quite a bit but he compares it to gambling. You basically will have to sit on the stocks and wait until the stock moves. The biggest problem is this might take a while and you have to be there to cash in. He has moderate success where he mostly made money but he is currently sitting on a loser and hoping that he makes his money back.



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    Re: Investing in Stocks

    Quote Originally Posted by Hawkeye11en1 View Post
    Sounds like your stripping career.
    Not really, I only got nickles and dimes chucked at me.



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    Re: Investing in Stocks

    Quote Originally Posted by CyCrazy View Post
    Not really, I only got nickles and dimes chucked at me.
    Cause you weren't creative...




    "Strength does not come from physical capacity. It comes from an indomitable will."


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    Re: Investing in Stocks

    I've seen many stocks at $0.0001 and all they have to do is go up that $0.0001 cent and basically double your money. The ones I've seen like this either go up a few 1/10000 of a cent or stay at the same price.



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    Re: Investing in Stocks

    Quote Originally Posted by CyCrazy View Post
    Not really, I only got nickles and dimes chucked at me.
    Make it hail!



  10. #10
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    Re: Investing in Stocks

    Quote Originally Posted by longtimeclone View Post
    I have a coworker that does quite a bit but he compares it to gambling. You basically will have to sit on the stocks and wait until the stock moves. The biggest problem is this might take a while and you have to be there to cash in. He has moderate success where he mostly made money but he is currently sitting on a loser and hoping that he makes his money back.
    Gambling is exactly what this is. The vast majority of stock pickers lose or under perform the market. In fact close to 90% of mutual funds, with all of their analysts and up to the second news, aren't able to beat the market.

    When you're talking about penny stocks it's probably even worse. There are reasons why these companies are valued so low.

    As long as you know that and use money that you can afford to lose, fire away.


    Last edited by acgclone; 03-27-2012 at 08:06 PM.

  11. #11
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    Re: Investing in Stocks

    Investing in penny stocks? I think that's what's called an oxymoron.

    Not a good place to start your trading career.




    Quote Originally Posted by bowlfan912 View Post
    Any invest in penny stocks? Had any success?


    I was a victim of a series of accidents, as are we all.

  12. #12
    CyBer
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    Re: Investing in Stocks

    Quote Originally Posted by CyCrazy View Post
    Not really, I only got nickles and dimes chucked at me.
    Do they make you pick them up with your ***?



  13. #13
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    Re:Investing in Stocks

    Just don't fall for the scam emails. Those stocks almost always bounce up (and the originator of the email undoubtedly sells as it does) and they are the ones who really benefit.



  14. #14
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    Re: Investing in Stocks

    Look into Principle. their stock fluxuates between $21 and $28. I just sold all mine and made over 500 on a 2000 investment in 6 months



  15. #15
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    Re: Investing in Stocks

    Let me give you some advice about investing. Don't listen to anyone on this board (including me)..



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