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re: Penny Stocks -- How long do you all keep them?
Posted on 12/18/13 at 9:35 am to Iowa Golfer
Posted on 12/18/13 at 9:35 am to Iowa Golfer
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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