Penny Stocks? > General Discussion

Posted: 11/12/2008 10:41:06 AM EDT

I have $150 in a Scottrade account not doing too much. Which penny stocks do you folks like?

Posted: 11/12/2008 10:43:56 AM EDT

[#1]

Maybe give it to the Salvation Army instead ??

5sub

Posted: 11/12/2008 10:57:36 AM EDT

[#2]

BUY GM!

You would have made 50% if ya bought yesterday and sold at today's peak. A few hours left, not sure what the current price is.

Was $2.09 or something ridiculous at yesterday's closing

Posted: 11/12/2008 11:03:27 AM EDT

[#3]

Quoted:
Maybe give it to the Salvation Army instead ??

5sub

No

Posted: 11/12/2008 11:04:13 AM EDT

[#4]

Quoted:

Quoted:
Maybe give it to the Salvation Army instead ??

5sub

No

OK

Posted: 11/12/2008 11:04:30 AM EDT

[#5]

Quoted:
BUY GM!

You would have made 50% if ya bought yesterday and sold at today's peak. A few hours left, not sure what the current price is.

Was $2.09 or something ridiculous at yesterday's closing

$3.06

Posted: 11/12/2008 11:06:03 AM EDT

[#6]

Put a bunch on the wall and throw darts. Thats about as good a way to evaluate most penny stocks as actual research.

Although you might put some in a long term biotech play that I've been holding for years. Ticker is ONCY...

Posted: 11/12/2008 11:11:29 AM EDT

[#7]

SIRI, HAXS, GM

Posted: 11/12/2008 11:13:12 AM EDT

[#8]

Ford is $1.87 It will go up when the assholes in our govt bail them out.

Posted: 11/12/2008 12:08:09 PM EDT

[#9]

The problem (well, one of the biggest problems) with penny stocks is the huge float. There are so many shares that the 50,000 - 100,000 shares you might buy would be a drop in the bucket. The worth of the company would have to go up like Microsoft for you to make any money.

Another problem is the spread between bid and ask. What you buy it for and what you can sell it for are too far apart. Lots of times, the stock would have to rise 20-50% before you could break even.

Penny stocks exist to make tons of money for the underwriter and the inside stockholders. I speak as a reformed stockbroker. They're a scam.
Stay away from them.

Posted: 11/12/2008 12:09:44 PM EDT

[#10]

Aren't they all penny stocks now?

Posted: 11/12/2008 12:11:52 PM EDT

[#11]

Quoted:
Aren't they all penny stocks now?

o snap

Posted: 11/12/2008 12:14:06 PM EDT

[#12]

I wouldn't tell you how to spend or invest your money, but in a few weeks I'd buy some PAL and maybe some PAL.WS.

Posted: 11/12/2008 12:21:35 PM EDT

[#13]

Not sure if you can do it from your Scottrade account, but if you just want something to play with, find a good stable company with a DRIP plan and put it in there then forget about it for 20-30 years.

If it goes nowhere, it was only $150.

Posted: 11/12/2008 12:36:07 PM EDT

[#14]

dunno, pilgrim's pride chicken?

Posted: 11/12/2008 12:37:54 PM EDT

[#15]

Quoted:
dunno, pilgrim's pride chicken?

Wow. That is exactly what I was thinking.

Posted: 11/12/2008 5:23:22 PM EDT

[#16]

Penny stocks = scams.

"If you don't know who the sucker is at the table, it's you. "

Posted: 11/12/2008 5:25:08 PM EDT

[#17]

AIG, Freddie Mac, Fannie Mae

Posted: 11/12/2008 5:32:01 PM EDT

[#18]

with its recent price drop, GE has a great P/E and the dividend payment per dollar invested is pretty nice as well

not a penny stock though

Posted: 11/12/2008 5:34:17 PM EDT

[#19]

There's a reason their called "penny stocks"

Posted: 11/12/2008 5:35:49 PM EDT

[#20]

I should have bought circiut city yesterday when it was $.02, check it out now

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