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Can someone here recommend a penny share for a quick profit? |
I would like put a couple of hundred or so to buy a penny share for a quick return. Is this possible in the present down market trend? Thanks a lot guys and gals. Your answers were an eye opener for me. So my couple of hundred will stay in my ISA! I came into a windfall at the time of the .com boom when everyone was buying shares of companies launching on the internet I didnt have enough money for an advisor but thought it was a good opportunity for a quick return. Some investments did ok but most didnt, and there is all the cost involved in buying and selling, a share has an offer price and a bid price so if a share is listed at 10p it would cost 11p to buy and return 9p to sell plus the brokers cost. and as most penny shares either go nowhere or down then you are on a hiding to nothing. I remember there was one share in particular that started to do well but I got cold feet and sold although at a profit nothing like it could have been, but with hindsight I wish I had never bothered start a low brow job site for those looking for work That's a good way to lose a couple hundred bucks quickly. I certainly could, but my recommendation wouldn't be worth the paper it isn't written on. Penny shares and quick profits are kind of contradictory. NEVER, ever fall into this trap. You'll surely lose all the money. Ask Hillary. She made 10,000 times her money in cattle futures. hahahahaha Not possible..in this or any other market trend.. If anyone could honestly answer this question they would be living in Barbados on a very expensive yacht with a butler and several maids so I would take any answer with a very large pinch, no a handful of salt. Why not buy five shares of a $40 stock that has grown steadily for ages, instead? No, but I can tell you about a penny stock that I lost 6 grand on a few years back. Investors that try to make a quick profit in penny stocks, generally end up losing their investment. You see a lot of rookie investors, looking to make a quick buck in the market. Believe me when I tell you it tends not to work that way. Please don't act on any advise on shares on this or any other forum, it will likely as not be from pump and dump artists. Shares should be bought in portfolios unless you have special knowledge ( not inside that's illegal) on a sector. You might as well put your 200 ( or indeed 2000) on a horse as back a penny share. If you have to study the investors press and back one of their speculative bets, but only if its "gambling money" I usually do NOT recommend stocks under $15 a share; ... however, if you must have a name or two, try Penny shares are very risky. Back in the 80s some mags would "advise" a penny share and it would shoot up in value because loads of people would jump in and buy. The person "advising" the share had bought in advance and quickly sold on to the mugs for a quick profit! stock symbol: GPGI |
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