What penny stock are you investing in and why?
Question by Dookie T: What penny stock are you investing in and why?
I’ve seen the potential for huge profits in some penny stocks looking at just one month (best noticed was 1,700%) of history but am too afraid to pull the trigger on any cause I don’t know crapola about investing.
Best answer:
Answer by Space Invader101
Get charting software so you can see what the share price is doing. I recommend Meta Stock for new investors: http://www.equis.com
Use a 20-day moving average on your charts as a guide.
The penny stock I like at the moment is Edgewater Technologies (EDGW), (last trading at .80). A lot of tech stocks like IBM and Google are going up. It’s probably the best sector of the market at the moment.
You can find out why I like this stock on its website: http://www.edgewater.com/NewsAndEvents/Pages/NewsAndEventsAggregator.aspx
This is a good site for penny stocks:
www.pennystocks.com
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Ive got GM which is now at around $3 and Sprint which is around $2.50.
I generally don’t purchase stocks under $5, but these companies are not usually penny stock companies and they seem solid enough to make it through the depression. I am prepared to lose my money for the potential rewards.
Its all about risk vs reward. I would research to see whats happening to any stock under $5 before making a purchase.
Penny stocks are too risky. I’d just go for a no load mutual fund.
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