MSN Money article

TheRonin · #1 08-13-2005, 01:08 PM

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

What do you guys think?

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

tek · #2 08-13-2005, 06:55 PM

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 · #3 08-14-2005, 12:25 AM

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

tek · #4 08-14-2005, 01:32 PM

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

Sniper · #5 08-14-2005, 01:35 PM

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 · #6 08-15-2005, 09:33 AM

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.