I'm all about high risk high reward son...I go after dudes (no homo) drafted in the 7th round with an immaculate skillset who could be the franchise's offensive centerpiece for a decade or flop and be a career minor leaguer.

...give me penny stock tips please

Aero and Oats sip whiskey and read Forbes on weekend nights

Aero you voted for yourself tho.
You're on timeout for a week.

date trade it is for me.... u geeks rich yo

You can easily lose your shirt in penny stocks. You get in and then you get out. It's almost like gambling.

I look at biopharm & biotech penny stocks bc they often have new products they are trying to get FDA approval. Arena Pharmaceuticals (ARNA) is a company I bought at 0.55. I saw that they had a weight loss pill that Mets could use they were trying to get FDA approval from. Eventually they did get FDA approval and the stock is $7.00.

Other penny stocks are pump and dumps you can make money from those if you realize it's a pump and dump. Awesome Penny Stocks . Com does a great job of pumping their stocks. You've got to know what percentage ur willing to lose say 10% n when u want to get out if you could make profit.

Thanks. How often do u guys monitor ur shit and how does that vary between penny stocks and regular stocks?

Also, do you use etrade as ur trading vehicle or real ppl??? @Aero @oats

also what r some good business mssg boards where dudes talk about this shit

I monitor my penny stocks every day. Other stocks 3x a week. You're young though so you can recoup any money you've lost. Don't play it safe like Oats he probably has a family. Start your own online business, build another netcees, sell your body on Craigslist. Money is out there. Why shouldn't you have it.

Stockhideout.com
Aimhighprofits.com

You can learn a lot from seeking alpha . Com

I use Scottrade now, but in college I used sogotrade because it was $3 a trade. I like Scott now because they have an office fairly close to me, so it's easier for me that way.

If you're going with the get rich now thing, do penny stocks, but most legitimate investors stay away from them because they're highly volatile and unpredictable. For every one person who makes money off of them, there are 20 who lose big time. I remember a bunch of brokers going nuts over this penny stock sponge tech a few years ago, because it just won some big patents and was being advertised on MLB stadium walls etc. but the company had a huge liquidity problem and folded. Everything looked good on paper, though.

I don't have a family, just a brain. And to answer your question NYC, I check my portfolio multiple times a day. I also get alerts on my phone when they hit a certain price or change a certain percentage, which helps me since I work two jobs and all that.

Oats we can have a stock off if you think you're a big shot. You pick 3 stocks you think will do well and ill do the same. Whoever has the highest cumulative percentage gain wins.

Though that won't really work since you're a longer term investor. I can pick stocks that will see 25% gains in one week.

Honestly man, if you're trying to convince anyone that penny stocks are a smart investment, you're doomed to fail. They are what they are: a highly volatile gamble. As with all investments, there are ways to minimize risk, but that's the nature of penny stocks. If you're claiming that you can consistently pick winning penny stocks, then you just haven't been trading long enough. Or who knows, maybe you are the exception of people who do well with them, but statistically, success with penny stocks is the exception. I've openly stated the majority of my portfolio, you can check them if you'd like, but I really have no Interest in short term pump and dumpers.

If you are going to take risks, I'd recommend buying options on larger companies. Again, that's just my way of looking at it.

Def not saying penny stocks are a wise investment at all but they can make you richer. I know.

PSA don't dabble in penny stocks if you're terrified of risk. If you want a nice safe return leave your money in a savings account, a CD, or municipal bonds.

Nowadays savings accounts and CDs have interest rates lower than inflation, so I wouldn't recommend that lol. Conservative investing doesn't mean not taking risks, it means minimizing it. Smart risks for long term returns.

I agree.

What kind of interest u get on a term deposit in the US these days?

A term deposit?

On a savings account 1% or less CDs you're lucky to see any more than 3%. Inflation is at about 1.5 so ur losing money if its in savings.

Wow. That's low.

I'm getting 4.65% on mine... Thought about fucking with stocks but a better return than that would likely be a LOT more volatile and monitoring the shit would take up a reasonable portion of my time

Penny stocks ?Go ahead,try it. I think everyone should experience high risks. I encourage it,i came close to losing a lot but I've also made decent profits....
If youre gonna get into it,definitely read/know about it first.

And agreed at savings account being next to worthless these days. Youd get identical results keeping your gwap in a shoebox. (Sarcasm ofc).

Long term is the key here...

Unless you are....Martha Stewart. I wont speak anymore on this.

Damn @Aero the best CD rate I could find is .75, and that was from a credit union for a 5 year. Savings rates here are at best .35. The FED is keeping them down to manage inflation, but with the job market making strides it should increase next summer.