Penny Stock Traders Looking For A Golden Opportunity?
Finance → Stocks, Bond & Forex
- Author Tom Patrick
- Published August 16, 2010
- Word count 853
Before you read this article, hold on, the stock we want you to look into Ironwood Gold ticker IROG, at the time of this article IROG is trading around .17 a share. On June 10th Edison Investment Research gave IROG a share value from .73 to $2.40 depending on the outcome of Ironwood's exploration program. Then on June 21, Ironwood announced preparations are underway to begin a drilling program on the Cobalt Canyon property located in the Chief mining district of Lincoln County, Nevada. Yes.
What is stock trading, "Buying" and "Selling" stocks and can I Make Money?
Buying and selling in stocks, sure for many it's a frightening experience, but it doesn't have to be that way. The important issue is for investors to do their due diligence or what we always refer to as DD. This means doing some research on the company you are interested in. Means reading their latest press releases, going to their website, and hopefully they have one, if not it could be a red flag, but not always. Also you could read their corporate financial filings. Another sometime overlooked aspect of finding a good company, and that we take for granted, is to look around in your own city. What businesses do you see that are always busy, and building more stores. I know in my area I always see Walgreens, CVS and Rite-aids going up. And sometimes right across the street from each other. Then you have your Wal-marts, Targets, Best Buys, etc. Is the parking lot full, when you go in, do you see big ticket items, like TV's, and do you see full shopping carts on your average day, or are customers buying everyday necessities, toilet paper, soap, food, etc. Then we come to the little unknown stocks, mostly penny stocks. These stocks can be dangerous to play with if you don't know what you are doing, and they can be just as rewarding. Again, the same rules should apply to the larger NASDAQ and Fortune 500 companies. Of course many penny stock players could just be playing a momentum swing, get in cheap and sell it higher. Isn't that what stock trading is all about no matter what level you're playing on? Ask Warren Buffet, or Bill Gates.
Fear: Fear is the biggest driving force to losing your investment, we buy a stock for $20 the next day it's down to $18, panic sets in, you're up all night. You decide to place a sell order in the middle of the night to execute the next day, you feel better now, and you can sleep for the night, and maybe you get out of bed after the market opens, you run to your computer to log in and you see your order was executed at $18 and you feel better, I didn't lose much money you say. BUT, you still follow that stock, the what start to kick in, and 3-4 days later it's $22 and then $25, then $30! And then do you feel lousy. This happens all the time. FEAR is the biggest factor to losing your money. If you trust a company and you did your homework, you're better off buying, and not looking at it for a few weeks. Micro-managing does no one good.
SPAM: Sounds horrible doesn't it? For sure you want to steer away from those spam emails no matter what they are selling. Better is not go to a true double opt-in website where you can opt out at anytime.
Have a look at forstockinvestors.com for one such site - Forstockinvestors.com
Forstockinvestors.com provides timely stock alerts right to your email. Always double opt-in, NO SPAM EVER and you can easily unsubscribe at any
time. Some of our alerts could be compensation based and others are not. This will be noted in our disclaimer.
Simply Subscribe for FREE to start receiving our email alerts free of charge.
Once you submit your email Be Sure to check your email right away or it will expire. Click on the confirmation link in the email you receive from us to
subscribe - as this is a true double opt-in list.
Current stocks of interest - Have a look a at this penny stock.
Ironwood Gold, ticker IROG, website is ironwoodgold.com
See our disclaimer at forstockinvestors.com before trading in any stock mentioned herein. (you must log in)
Also we will be providing stock alerts for all subscribers, so be sure to get on this list. Forstockinvestors.com
Educational Videos;
You will also find on Forstockinvestors.com our educational video section that discusses, trading stocks, bonds, gold, and general discussions on the
economy, President Obama, love him or hate him? And why? How will the bail affect all of us, yes that includes you too. The mortgage sector, are rates going up and is now a good time to buy a home? These videos are subject to change but this list is a general consensus of what you can expect to find.
So investors, do your homework before you purchase. Feel free to look at the three stocks we mentioned. Be smart before you spend your money.
Forstockinvestors.com is a new stock alert service site. Specializing in the mainly $5 and under penny stocks. Visitors can subscribe for free.
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