Whats so great about penny stocks?
The quick turnaround! If you really want to make some serious money playing stocks then pennystocks are the way to go. The potential for making money is infinitely better than the older stuffy markets. How long do you think it would take General Electric or Ford stocks to double in price? A year… 2… 5… 10? Ford is currently (mid 2007) trading around $8.29/share… if you look at its graph you can see that it started out a year ago at around $8.29 and a year later… despite a small dip to around $6.25 it has remained pretty level. So… how long would it take to double in price… good question… (not good if you’re holding for the long term) I may have grandkids by that time. Penny stocks double a lot quicker… sometimes in days, sometimes in weeks, sometimes in months. If you invested $2000 in Ford and $2000 in a penny stock… typically the return on your money would be a lot higher a lot sooner with the penny stock… that means you can put your $2000 + profit into another
