32 replies to this topic

[weavey323]

I am thinking about getting involved in Penny Stocks. Was hoping someone could tell me what would be a good amount to invest the 1st time around? $500.00/$1K? more/less?

[aszone]

Only what you can afford to lose.. Let me know if you have any good ones.

[weavey323]

i understand that. I'm trying to make sure I at least invest an amount that (with the best case scenario) would return a decent profit.

[AltonDelmote]

I am investing money in penny stocks and getting huge amount of money.I have a suggestion that before making any investment in penny stocks, it is essential to look for industry trend. Find a trend when it's just dealing with its upward swing.

[Lonzworth]

Advanced Cell Technology.

Ticker = ACTC

The only stem cell company around that is morally ethical.
They do it all without destroying the embryo.

That is where 75% of my RV'd Dinaro is going.
It's only .20

They are testing the CURE for macular degeneration right now.
That's a $43 billion market without a cure.

Look into it.

[Dinerry]

Advanced Cell Technology.

Ticker = ACTC

The only stem cell company around that is morally ethical.
They do it all without destroying the embryo.

That is where 75% of my RV'd Dinaro is going.
It's only .20

They are testing the CURE for macular degeneration right now.
That's a $43 billion market without a cure.

Look into it.

I'm all for healthy research, that protects and does not injure the embryo THANK GOD.

I noted the stock symbol for future. Probably in the very NEAR future!!!




GO RV!

SUNDAY! SUNDAY! SUNDAY!

[RV Tommorrow]

I have that one as a sell as of yesterday. It's definitely on its upward swing, just a matter if it continues it.

[trintrin]

I am investing money in penny stocks and getting huge amount of money.I have a suggestion that before making any investment in penny stocks, it is essential to look for industry trend. Find a trend when it's just dealing with its upward swing.

Can you enlighten me a little bit on the stocks you've chosen? Are you still making gains?

Trin Trin

[taboo]

zero!! i advise you check with a tax person before you do this. I did it once didnt lose money, but the way you have to pay taxes on your gain is rediculous. money was still invested but everytime you sell you have to pay taxes on the money whether you reinvest it our not. Def! not for me

[JUSwaitNc]

I am thinking about getting involved in Penny Stocks. Was hoping someone could tell me what would be a good amount to invest the 1st time around? $500.00/$1K? more/less?

$10,000 or depending on your comfort level

Edited by JUSwaitNc, 25 January 2011 - 08:45 AM.

[On_Reserve]

Weav,

Not sure this is the greatest place to receive stock advice.

[Tiffany23]

In my advance portfolio class, we talk about how much should normally go put towards risky ventures. Of course it matters on your time till you need the money, risk profile, age, job type, blood type (just kidding)...but it boils down to Modern Portfolio Theory recommends only 5% of your total investments should go towards this level of risk.

But I say, screw what the the pros say and be a hot dog, put 5.1% in penny stock

[Drunken Irish]

wrong place for investment advice. penny stocks are not for beginners.

[Munsch]

Do you care if they are on PK or OB markets? I agree with the all depends on how much you can afford to lose thing. Some penny stocks like to reverse split but it can only take one to be your gem.

[dklll]

Watch a web site Wall Street Grand they seen to do a good job on penney stocks. Then find a onloine stock broker that will let you set stops when you buy penney stocks not all on line brokers let you set stops on penney stocks. Personal started with 300.00 that is the number i was ok with. I have done ok but i also have a loser pile that with all stocks. Good Luck

[rjboots1]

3 things if you're new to pennies.

1) When you start getting the emails or brochures in the mail hyping up a penny stock, do yourself a favor and throw them in the trash. The only guys making money on those stocks are the promoters. Do your own research and don't buy any stock just because someone else thinks it's a good idea.

2) If you catch a big run up and it stalls out, sell it. Don't ride it down thinkin' it's gonna turn. You can always buy it back later, but remember this: You never lose money selling at a profit! Don't get emotionally attached to a winner, because they can all turn into losers.

3) If it stops being fun for you, quit. There's other ways to make money.

[DoD]

3 things if you're new to pennies.

1) When you start getting the emails or brochures in the mail hyping up a penny stock, do yourself a favor and throw them in the trash. The only guys making money on those stocks are the promoters. Do your own research and don't buy any stock just because someone else thinks it's a good idea.

2) If you catch a big run up and it stalls out, sell it. Don't ride it down thinkin' it's gonna turn. You can always buy it back later, but remember this: You never lose money selling at a profit! Don't get emotionally attached to a winner, because they can all turn into losers.

3) If it stops being fun for you, quit. There's other ways to make money.

rjboots1, I can certainly see you have been to the wild, wild west of penny land. I have lost thousands down there. The advice you just gave is spot on an could probably be found in the Bible of pink sheet trading. I never had
a problem in finding a good stock to throw some money into, it was the SELLING, the SELLING was the part I couldn't do. Your number 3) is what I ended up doing. Again, Great Advice for the novice.

[thatoneguy]

I understand this is an old post, but i am pursuing some pinks and oc's, so my question pertains to one reply, taboo's reply, regarding the haveto's on taxes regardless if you roll your earnings into another security. Does it depend on the gained amount? Is it a flat, say, 25%? Just curious, and any insight will help wrap my head around the bigger picture. Thanks in advance. Chao.

[Tuck]

I understand this is an old post, but i am pursuing some pinks and oc's, so my question pertains to one reply, taboo's reply, regarding the haveto's on taxes regardless if you roll your earnings into another security. Does it depend on the gained amount? Is it a flat, say, 25%? Just curious, and any insight will help wrap my head around the bigger picture. Thanks in advance. Chao.

The IRS website is an excellent point of departure for tax information - and a good accountant.

[djhemp]

I would put that money into gold (gld) or silver (slv) instead. The market is still corrupt and penny stocks are still being naked shorted into the ground. I've lost thousands because folks on Wall Street short these things down to nothing. Stick with Blue Chips for now.