Bill:
Day trading penny stocks that are Nasdaq listed, (not BB stocks) can be profitable. Case in point with Quadrax, using a 5000 buy at 7/16, if it goes up 1/32, (which it has fluctuated from 13/32 to 15/32 regularly), you can make $156 from a $2200 investment, less your commission( I use Datek which is 10 to buy, 10 to sell). I agree, you must pay attention to the particular stock and of course there is always great risk. But if you look for a modest profit, it's there. I do it in my IRA, so no capital gain need be figured in.
Thanks,
Bob |
