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01-11-2010, 01:30 PM
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#1 | | HELP ME PLS!!!
Join Date: Dec 2009 Location: Canada
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| Penny stock
I'm noob when it comes to business, but I'm thinking about invest or rather experiment in penny stock.
Anyone has helpful books or website that guide me through it?
I've search a few sites but not sure if it is helpful, because system changes depsite which country you are in ?
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01-11-2010, 01:41 PM
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#2 | | MiX iT Up!
Join Date: May 2006 Location: vancouver
Posts: 8,138
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invest in some blue chip co.'s and get a feel for it - or experiment using a simulator on investopedia.
right now ur not investing - ur gambling...
__________________
Sometimes we tend to be in despair when the person we love leaves us, but the truth is, it's not our loss, but theirs, for they left the only person who couldn't give up on them.
Make the effort and take the risk..
"Do what you feel in your heart to be right- for you'll be criticized anyway. You'll be damned if you do, and damned if you don't." - Eleanor Roosevelt | |
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01-11-2010, 03:23 PM
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#3 | | HELP ME PLS!!!
Join Date: Dec 2009 Location: Canada
Posts: 5,647
Thanked 1,816 Times in 450 Posts
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^ blue chip co.'s ??? what's that ?
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01-11-2010, 04:44 PM
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#4 | | MiX iT Up!
Join Date: May 2006 Location: vancouver
Posts: 8,138
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big companies like. Visa, Master Card, RBC (any CAD bank) , Coke , Pepsi , MS , Shell - etc..
i suggest u try out stuff on investopedia - its very life like , also simulates comissions...
__________________
Sometimes we tend to be in despair when the person we love leaves us, but the truth is, it's not our loss, but theirs, for they left the only person who couldn't give up on them.
Make the effort and take the risk..
"Do what you feel in your heart to be right- for you'll be criticized anyway. You'll be damned if you do, and damned if you don't." - Eleanor Roosevelt | |
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01-11-2010, 06:25 PM
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#5 | | Orgasm Donor & Alatar owned my ass twice!
Join Date: Mar 2003 Location: Vancouver
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01-12-2010, 10:49 AM
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#6 | | Ubereem Mod
Join Date: Mar 2002 Location: Richmond
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When you are noob, don't dabble in Penny stocks.
It will kill you, if you want to learn, listen to tiger, stick with big companies first then learn more, then if you can take the risk. THEN go for penny stocks.
Rides from 50% each way swings an hour sometimes isn't fun 
__________________ Quote:
Originally Posted by Culture_Vulture  sometimes I like to use kindergarten art class scissors to cut my pubes | | |
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02-16-2010, 02:14 PM
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#7 | | RS controls my life!
Join Date: Apr 2004 Location: Vancouver
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I agree with play what you can afford to lose - the swings are definitely stronger (higher volatility)
But this year (and last) should have taught everyone that blue chips (the banks) can easily be as volatile. End of day, stick to GIC/Bonds if you can't afford to lose 20-30%.
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03-17-2010, 11:17 AM
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#8 | | Banned (ABWS)
Join Date: Nov 2005 Location: Vancouver
Posts: 256
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oldschoolvalue.com and www.fwallstreet.com/ check out their archives by category..
be prepare to spend a sh*t , i mean a SHHI**TTT load of time reading books and analysis Financial statements if you want to make a career by investing and not speculating.
Hope that helps
Cheers!
Last edited by Hollyshiit; 03-17-2010 at 11:25 AM.
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