Comments on: Is It Possible to Make Money Trading Penny Stock?

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By: kgirishraman

kgirishraman — Mon, 11 Jan 2010 09:13:43 +0000

U can make money in penny stocks provided you trade a good volume..

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By: xander2050

xander2050 — Sun, 10 Jan 2010 01:04:32 +0000

Listen to bear naked and go for mutual funds, possibly a balanced fund.

By: anonymous

anonymous — Sun, 10 Jan 2010 00:12:39 +0000

Yes, but rare. Try somthing like CNXT for $2.00 you will probably double your money.

You wopuld have made 15% with LSGP.OB today

By: muncie birder

muncie birder — Thu, 07 Jan 2010 12:17:35 +0000

read what “Bear Naked” said 20 times. And remember it. Right on the mark.

By: Mikey S

Mikey S — Wed, 06 Jan 2010 13:43:17 +0000

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.

By: eaglesonaperch

eaglesonaperch — Wed, 06 Jan 2010 00:33:26 +0000

Take a look at some of the nearly bankrupt gold prospectors….I lost my a$$ on GSPG.OB but it could possibly turn around if they can get more financing…I’m sick of it however. selling for .01 cent. (it was .07 last year)

By: J

Tue, 05 Jan 2010 00:25:41 +0000

high risk, high return. You can only earn large sums of money if you are willing to lose the same. you can definitely make money in penny stocks, just make sure you pick the ones with growth stories.