Nasdaq Penny Stocks Sks : Having To Know Penny Stocks - Having to understand Penny Stocks
Penny stocks, at the same time known as micro-cap trading, are stocks that trade under $5.00 on stock quote sheets, outside the main trading networks. Penny stocks are highly speculative, offering investors an opportunity for huge profits and huge losses. Penny stocks are subjected to much less rigorous filing and disclosure standards, so identifying legitimate penny stocks can be challenging for even almost certainly the most seasoned and savvy investor.
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The Penny Stock Prophet
The Penny Stock Prophet - possibly among one of the most questionable penny stock online marketers around is James Connelly, the "Penny Stock Prophet". Obviously his real name is not James Connelly, nor is he a prophet in any sense of the word. It's all just an on the Net industrying trick, as you're all most likely mindful. In addition to the fake testimonials and alluring images of fast vehicles and quite lady on his World wide Net site (which you will never ever see below), he boldly declares that you will be able to turn ,000 into million in 38 trades. He even reveals a table "proving" it. It reveals 38 trades, all getting 20 %, and he shows that you simply have to invest ALL your capital into every trade. For instance, the initial trade is with ,000. After a 20 % succeed, you now have ,200. You reinvest this for an additional 20 % gain, and you're left with ,440 ... so on and so on till you may well well be a millionaire.
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