Can you recommend me a penny stock please?
anddrea asked:
have two thousands $ and I want to buy a penny stock for investment. I do not care if I lose the money because I already lost too much. I like to gamble and take risk.
have two thousands $ and I want to buy a penny stock for investment. I do not care if I lose the money because I already lost too much. I like to gamble and take risk.
No. I can’t recommend one. My conscience would bother me. I’m on a bunch of mailing lists, so I get a lot of brochures from gurus telling me about specific penny stocks that can’t miss. I tracked them for a year or more, and 95% of them went down and stayed down. I think they were trying to run a pump and dump racket by generating a demand for the stock, which would drive the price up. Then they would sell at a profit, while the typical investor was left holding the bag. It didn’t work. Kiss your 2 G’s goodbye.
You must be mad! You have better odds at a casino! 1 in 100,000 penny stocks come through.
I must get 3 emails a day with penny stock tips. You don’t? Buying penny stocks is not exactly an investment. More or less like betting on a 40 to 1 shot to win, except the odds with the 40 to 1 shot are much better.
I will give you a tip though that over a 10 year time I expect might return about 20 times your original investment–CHL. Not a penny stock though but last year doubled in price. I don’t expect it to double again this year but by the end of next it might.
EAR – Atleast you will stand a chance.
I can’t recommend a penny stock but I can show you how to trade if your interested. With your $2,000 you can get started. If you like you can check out our website which talks about our trading platforms for professional traders.
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