Hey,
Penny stocks, also known as cent stocks in some countries, are common shares of small public companies that trade at low prices per share. They are notoriously risky but if you follow a special method I've learned you can earn good money at almost no risk. This is the site I use: http://pennystocks.toptips.org
I definitely recommend subscribing to this site in particular. Very good research, quality stocks. I was a bit weary of penny stocks from all the bad hype they receive but this guy is pretty legit. He's put my mind at ease with a lot of the fears I've had. I especially like that he doesn't send out announcements left and right. I've signed up for other websites that fill my in-box with one company after the other. I don't know where to even start with so many choices in front of me! Nathan sends me one idea a week and that's all I need. Working so many hours during the week leaves me with very little time when I get home to start doing tons of penny stock research. I'm always eager to see what Nathan's next suggestion is each Friday and I love having time on the weekend to do my research.
As said above if you want to make money with penny stocks you have to follow some proven methods. This one in my opinion is the best: http://pennystocks.toptips.org
Regards
Listen. Marijuana stocks are just crappy penny stocks with a marketing hook. This Tranzbyte Corp's description is laughable, and do you know how many employees they have? SIX! Yes, they have six stoned guys sitting around laughing at idiots who buy their stock and fill their pockets with money. When a penny stock slides up like this one has done, 99% of the time it is a classic pump & dump, they promote the company, get people to drive the stock up and then sell it to make a big profit.
I also want to point out the big mistake that guys like you make. Successful day traders eke out pennies by making large trades in stocks. Since they buy and sell quickly, they depend on low spreads (the difference between a bid and ask price). Penny stocks have very large and unpredictable spreads. That means you may pay a 3% or 5% premium when you buy and give up 3% or 5% when you sell. So every trade starts with you as much as 10% you are in the hole, plus your trading commission. You can never make money that way.
If you are trying to make money DAY trading, don't pick a stock that is slowly going anywhere. You want volatility/big moves to make any money.
the stock has been slowly going up but I am not sure if the company will do what they say they have planned. and if they don't the stock will go to nothing. how do you know if an investment is a good one?
