written by reader Penny stocks that bad?

By seamles, October 30, 2013

I know stock gumshoe is full of smart and savvy investors. I keep coming back to this site as one of the true safe and intelligent websites not trying to scam or take people’s money.
On that note, I know a lot of people don’t like the idea of trading penny stocks and there was a similar post on a guy asking about a specific company.
I’m curious if people really think penny stocks are that bad and if all the people touting them (Tim Sykes, Jason Bond, Picks that make cents, and all the other ones) are really that bad? I saw falconstocks from this site and had great reviews and was wondering if that was worth it. It’s 145 for 2 years and they say they have great success?
If that’s the case, does anyone actually recommend other places for stock picks that are good beyond stock gumshoe? Is that just a bad idea/question?
Most of my money is with a financial advisor (which I’m sure most people would disagree with also) but it’s because I didn’t really want to have to worry and reallocate and trade all the time. However, I keep getting the bug to try to trade some myself so I have some set aside that I would like to play and trade with.
Any thoughts would be helpful!
– A new lifetime irregular

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.

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bosley
Irregular
November 1, 2013 6:37 pm

You know Penny stocks and scams go hand in hand. I do invest in some penny stocks. Big risk — big reward. It takes the place of going to the casino. I’ve been burned a couple of times. Now the only person I trust for penny stock advice is Myron Martin. And I think he would say don’t trust him. After a few years of looking around, I now take 90% of my investing advice from this site and Seeking Alpha. I don’t think you can buy investing success. If you invest in penny stocks one site you need to use is Pumps and Dumps. Good luck and caveat emptor!

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