![]() Firstly, past performance has little to do with future performance, but you already knew that. It would be a mistake to base your decision on a track record alone. Don't believe the testimonials you see anywhere. The trick, of course, is knowing which are real and which were just made up to pad some guy's marketing for his questionable service. Unsolicited testimonials from people just like you are a great way to tell how happy people are with the service. Who has been getting the interviews and radio appearances, and quotes in the paper? No service more so than Peter Leeds, and there is a reason for that. Penny Stocks Service Recognized by the Media When you have come back in a few weeks, wiser and poorer, start reading again from this point. If you don't believe me, please go ahead right now and join a daily stock picking penny stock service. I pulled the following comment from the cliche closet: "You are only cheating yourself!" Want 15 picks a week? You are basically pressuring some person of questionable ability to come up with handfuls of ticker symbols, and you are sinking your money into them! This is not a profitable investment approach. In fact, many people naively push the services to do so, wanting to get daily penny stock picks, or even several picks per day! Many services focus on quantity in penny stocks, rather than quality. Picks! Picks! Picks! Losses! Losses! Losses! Using new trading and corporate information, we update our site daily to give you the biggest penny stock advantage. One of the best features of our service is the daily updates. They say, "Buy these penny stocks" then you never hear about it again, especially if it does not perform well. "Fire and Forget" newsletters comprise approximately 85% to 90% of the services out there. Beware of "Fire and Forget" Penny Stock Newsletters If you are a new investor, you may want to find a real service that will go that much further, providing you with ongoing e-mail guidance, learning articles, and handling your questions about penny stocks as they arise. Look For a Learning ExperienceĪny 12 year old kid can put out a web site with penny stock picks nowadays. A service like Peter Leeds Penny Stocks (yes, I am biased) has fired analysts in the past when they were not meeting the stringent performance requirements demanded by management. ![]() That is a tremendous disadvantage for you. ![]() If the site is owned by the same guy doing the penny stock picks, he will never fire himself regardless of how bad he does. Their backgrounds are not always in the financial industry! Don't trust your money to someone who treats the business as a hobby. Besides ourselves, all the other services for penny stocks are just one-man (a few two-man) shows. Ongoing Coverage of Past Penny Stock Picksĭo they have a professional research team, or do they just say they have a professional research team?.There are many different penny stock picking services out there, so if you have decided to join one of them, here is what you need to know. You may read a glowing report on some penny stock with a miracle, break-through, patented technology, but if their claims were really true, they wouldn't need to be paying some tout sheet to promote them. The types of companies that need to pay a service to promote their stock are generally pretty lousy! This means that, relative to most stocks traded on the Nasdaq or the NYSE, the cost of trading these stocks is typically higher.Next page » « previous page Benefits to Look for in Penny Stock Picking ServicesĪny web site or service (even printed) offering free penny stock picks is almost certainly being paid to promote those companies. Low liquidity is a contributing factor to potentially high bid-ask spreads for penny stocks. When buying or selling a stock that has low trading volume, investors may not be able to do so at their desired price or time, and that can be costly. Unfortunately, those who bought the stock at the high end could be left high and dry.Īdditionally, penny stocks can have low liquidity. Because they are often small in size, penny stock companies do not receive the same level of media and analyst coverage as larger, public companies, so it can be difficult for investors to determine the validity of claims made by pump-and-dump schemers. Less stringent disclosure requirements can make penny stocks particularly susceptible to illegal "pump-and-dump" schemes where unscrupulous investors buy the stock, actively promote only its virtues (e.g., "pump it up"), and then, if the stock price appreciates, sell it (e.g., "dump") at an artificially inflated price.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |