Todd, Penny Stocks
Making money on penny stocks is a risky, but at times can be highly profitable. When I first started trading penny stocks, I used to think if I could get 100,000 shares for .02 cents each, I was doing well.. I thought the paper the stocks are printed on are at least worth .02.. However, I learned that only on rare occasions will the stocks that are that low jump up extraordinarily.. Most of the companies that are that low are either bankrupt or well on there way.. however, there is always the possibility that even bankrupt companies (as with most of those stocks you asked about except aeos) can re-establish themselves and come back to new highs (as with TWA).
What I try to do now is find out how many shares are in the public float for a particular company and read any recently released news articles about them.. if I feel that they have a low public float, the spread is large (meaning somebody doesn't want to sell possibly for some unknown profitable reason), and good newsabounds then I put that company hi on my buy list..
Some of my recent buys are : ADLP, RCVI, AETG PDTK and TRLK..
Also, know that hype can move mountains.. if you see hundred of entries about a particular stock on SI, people are talking about it and it chances of short term gain are good..
On the other hand, if you want to buy thousands of shares for next to nothing and put them away.. go ahead, you might someday hit the goldmind...
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