Penny Stock Trade
Is It Possible to Make Money Trading Penny Stock?
I really mean fractions of a penny. For example a stock that’s at .001
I have made a few hundred dollars, but I would like to make thousands – like $10,000
Anyone want to suggest a stock like that?
I would stay away from Penny stocks. There just is not as much research and disclosure on them, so they are essentially throwing darts at a dartboard. You are better off purchasing 100 shares of a known company that has had a bad run lately. Basically doing some news research and betting on the turnaround. A perfect example would be a stock like TIVO that is going through some issues, but if they win a upcoming court decision, they should see a little pop in their stock.
You could buy 50 shares at $6.25. If it pops to $10 or more, your in good shape and can used the proceeds to buy something else.
How to pick penny stocks
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