yellowjackets asked:
Looking to invest $200-$500
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December 6th, 2009 at 6:43 pm
Say good bye to your money first.
99% of penny stocks lose money and go out of business. Why do you think they are worth only pennies.
Being on the pink sheets also means that the companies do not have to do any kind of financial reporting. So what are you basing yoru investments on? Thin air? A hot tip?
If your trade costs $8, then a round trip costs $16… Do some math and decide how much your investment needs to go up just to break even.
Not telling you not to invest.. just want you to be aware you entering an arena of big dollars manipulating the markets with short selling and other techniques. It is the wild wild west with very little oversight.
Have fun.