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TheRonin

08-13-2005 01:08 PM

MSN Money article

Article: 9 long-shot stocks that could double in a year

What do you guys think?

http://moneycentral.msn.com/content/P116174.asp

tek	08-13-2005 06:55 PM

Re: MSN Money article

Wow. Penny stocks. Grand slam or whiff. Might be fun with marginal money (similar to money thrown on a roulette number as you leave a casino).

Sniper

08-14-2005 12:25 AM

Re: MSN Money article

Actually, the stocks he highlighted weren't penny stocks.. they were all trading over $1.

tek	08-14-2005 01:32 PM

Re: MSN Money article

Penny stocks are ones below $5. Although stocks below $10 could be considered penny stocks since most mutual funds won't touch them.

Sniper

08-14-2005 01:35 PM

Re: MSN Money article

I disagree, stocks under 5 or $10 may be low priced, but only stocks under $1 and generally on the pink sheets are penny stocks.

tek	08-15-2005 09:33 AM

Re: MSN Money article

Semantics...

Stocks under $5 are clearly speculative because they were previously marginable and when they go below 5 margin traders have to bail. Stocks under $10 are risky because most mutuals have to bail.

Buying cheap stocks is similar to open raising with shjt pocket cards in EP. Just my opinion.

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