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- Jan 28, 2006
Originally Posted by jordan23collecta
freakydestroyer wrote:
akuratl02 wrote:
andycrazn wrote:
yo guys. you gotta check out how to make money in stocks by william j o neil. im reading the third edition and im gonna buy the fourth edition now. this is an amazing book!
http://www.amazon.com/How...id=1262462429&sr=8-1
Now I know I have to buy this book
Lets keep this thread moving, was a lot of useful information in here ...
Question, the same person who advised me on which boosk to get also stated, and I quote, "Penny stocks are worth pennies for a reason, and no REAL investor gambles on any stock under $15 bucks!" ... But I see you guys deal w/ the penny stocks ... why would he say this, and why do you guys like penny stocks?
the same reason jordancollecta said in the previous page, basically the adrenaline rush that comes with it.
to me pennies are funner (?) to play because there are huge gains and huge losses coming from a very little amount of money invested. With me, my Scottrade account was funded with PLAY MONEY, meaning i dont need that money in my account to pay rent, car note, insurance etc.. I went into this knowing full well that i could lose this money. So far, I have done very well...started with $2300 and now my account is worth around $25,000 (given ups and downs I have taken today).
What your guy said about pennies is true, penny stocks are worth pennies for a reason. BUT, if you can pick a company that goes from .01-.05, say you put $1k into it @ .01, you would be sitting on a $4k profit
I have heard what your guys says about pennies before, another thing that I have heard from some big players in the game is "pennies are worth pennies for a reason, but its more likely that a stock goes from .01 to 1.00/share, than a stock that goes from 1.00 to 100.00/share...same % gain"
-J23C
So you like playing with money?
Any good books pertaining to penny stocks?
ANDYCRAZN :: I'll be purchasing the third edition after work, didnt have the time to stop off at B&N after work the other day, thanks.
Penny stock vs greater valued shares seems to be my dilemma at the moment .. I'll definitely wait to invest once my "savings for a rainy day" issecured.
Thanks for the help fellas as usual, not lets keep this thread moving.