Posts Tagged ‘Buying Stocks’
Monday, August 10th, 2009
briardan asked: I had heard of a guy who got rich on buying penny stocks. He was a janitor, so he didn’t have much money. He’d spend a few dollars every so often and buy penny stocks. This evenually led him to acquire wealth
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Tags: Buy Stocks, Buying Stocks, Penny Stocks
Posted in Investing | 6 Comments »
Sunday, August 9th, 2009
Mike P asked: I am not sure if it is the same as other stocks, cause imagine you buy stocks with values less than 3 cents for $5k and it suddenly becomes 8 cents and guess what? you almost triple your money and such a things sounds to be more likely to happen for penny stocks.
What do you think? Am I wrong? Are there some extra charges for buying those stocks?
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Tags: Buying Stocks, Imagine, Money
Posted in Investing | 3 Comments »
Sunday, August 9th, 2009
ivannataco asked: Now I know everyone says buying penny stocks is a stupid idea, but I don’t understand the reason as to why?
It seems like if you buy a thousand shares of something at 50 cents each, and then sell at 55 cents each, you’ve made a ten percent profit (or 50 bucks). For the most part, the price of stocks fluctuate across the course of the day, and there’s a fairly decent chance that if you keep your eyed open you’ll find a time when the stock rises a few cents… I know the risk involved, but if you look at most stocks priced at, say 45 cents, the daily range is from 37 to 60 cents. Buy at 45, sell at around 60?
Thoughts?
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Tags: Buying Stocks, Reason, Stupid Idea
Posted in Investing | 2 Comments »
Friday, August 7th, 2009
spikes g asked: Does scottrade let me trade stocks ending in ob or pk. Does it let me trade these stocks just like any other big stock exp..apple google yahoo. mostly im interested in buying penny stocks and Yes i know the risks in these.
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Tags: Apple, Buying Stocks, Penny Stocks
Posted in Investing | 1 Comment »
Monday, August 3rd, 2009
Daniel F asked: With liquidity so low and the opportunity for being duped so high has anyone ever made a living buying and selling penny stocks? I mean I know the people behind the scenes make money, but any outside people?
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Tags: Buying Stocks, Money, Selling Stocks
Posted in Investing | 5 Comments »
Tuesday, July 28th, 2009
S-man asked: Hi guys. I was a little confused about buying penny stocks (any stocks under $5 I think) through scottrade. I heard that a) they won’t let you do it b) if they do, they charge 1/2% fee for each trade (and how does that work? give any examples using stocks?) c) Does scottrade charge you if you buy lets say, shares of some foreign (chinese) company? Thank you guys for the answers, and I would really appreciate if you could add as much details as possible to help me with my little dilemma ^_^
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Tags: Buy Shares, Buying Stocks, Chinese Company
Posted in Investing | 2 Comments »
Monday, July 27th, 2009
gmkday asked: What’s wrong with this plan? You do some mild research and look into like 10-20 penny stocks and buy 25 dollars worth of each and just hold them. If three blow up to like 4 or 5 bucks a share you’d make some alright cash. Why isn’t it as easy as I think, I know it isn’t. Please put as much info as you can.
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Tags: Buying Stocks, Penny Stocks
Posted in Investing | 8 Comments »