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originally posted by: PurpleFox
I am a rookie trying to get into investing and want to learn as much as I can about penny stocks, as i dont have the capital at his point to get in with the "big boys", so to speak.
I would greatly appreciate it if someone could direct me to the right information, as it is all a bit jumbled just searching in google!
Do any members have any tips or tricks for me?
Thank you in advance!
originally posted by: Fools
For the last few years, the only penny stocks I have that have increased in definite value have been Marijuana related stocks. All stocks I have related to metals, new industries, and so on are still worthless.
That doesn't mean that some day they wont be.
I think the MJ field will continue to increase in value as more states decide to legalize.
originally posted by: rickymouse
Every time we invested in penny stocks we wound up losing the money. It always seemed to go up for about a year then something happened and we would lose everything. We lost about two grand on penny stocks overall, actually that and the three grand that it had gone up. If we would have sold it at the right time we would have made some good money, averaging about thirty percent or more a year. But we just figured, what the hell, it went up that much so we would keep it in. Then six months later it was gone.