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re: Penny Stocks -- How long do you all keep them?

Posted on 12/18/13 at 8:45 am to
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10232 posts
Posted on 12/18/13 at 8:45 am to
Buy before the pump and dump, sell in the middle of the pump and dump. If you guess wrong, you will own worthless stocks a very long time.

having said that, there are penny stocks that are decent. I own CAK and PAL. Reading a balance sheet is helpful in this endeavor.
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 12/18/13 at 9:35 am to
quote:

there are penny stocks that are decent. I own CAK and PAL. Reading a balance sheet is helpful in this endeavor.


I agree stocks that receive little to no coverage may have something to them but here insider influence is also stronger. Insiders aren't always right of course, but just something to keep in mind.

Understanding the financial statements is important but it's probably still only a first step.
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