It’s bad enough that the media almost always steers us wrong, the internet is just as bad with their constant push to get people to buy penny stocks. My view is that they are looking for suckers. Here’s how I think it works. Some “investors” or Wall Street types get together in a room and [...]
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I had a reader write in and ask me if it was true that Scottrade blocks buying of penny stocks. Rather than just do my research on the web, I decided to call Scottrade directly and ask them. I called the contact us number on their website and because it was after hours, I was [...]
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I think the allure of today’s stock market as far as people who buy penny stocks is that they are looking for an opportunity to make money in stocks fast and without a lot of money. While I guess anything is possible, the actual facts as laid out by Investors Business Daily show that the [...]
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A lot of people try to make a quick buck buying penny stocks. Occasionally I’ll even get a spam email trying to get me to buy one of these stocks. The idea is that a low priced stock can double a lot easier than a high priced stock. The likelihood though is that the low [...]
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