LOL! Zebra, I have to tell you about something that happened to me today. I swear every word is true. I got in a conversation with a retired gentleman about the stock market. At one point, he mentioned some stock's ticker symbol to me, like I should be interested in buying it. I said I had never heard of it.
He said, "Well it's a penny stock. I don't know much about the company. I don't usually buy them, I stick to [several large caps], but this is 20 cents a share! You can get ten thousand shares for two thousand dollars, and if it goes up, you make a good profit, and if it goes down, you only lose 2 thousand."
This is the thing about these BS penny stocks that I never actually understood. They have an almost mystical quality for some people. It is really amazing to me how stupid people can be about the stock market.
BTW, the gentleman is a retired Judge! |
