Penny stocks are low priced speculative securities of small companies regardless of market capitalization. Penny stocks are also referred to as microcap stocks, small stocks or nano stocks. Most new securities currently in the Nigerian stock exchange were one time penny stocks before market capitalization changed all that.
Several Nigerian investors get attracted to penny stocks since these stocks are priced low. However, financial experts consider penny stocks as high risk investments. They can create enormous amount of wealth within short time and can also result in heavy losses within days. But isn’t that what business is all about, the higher the risk the more the profit. Penny stocks have the potential to get doubled or tripled within days or weeks. And since they are in low denominations, with a few thousands, you can turn to a millionaire. But remember, apart from this, there are other risks involved including limited liquidity, high degree of volatility, lack of reporting and increased vulnerability to manipulation by management and market makers.
So if you want to try out you 2008 blessing you got since 1st jan that you haven’t seem to experience yet. Check out these little meager stock at our updated stock quotation. But remember, they are quite risky. So be mindful of how much you put in, don’t let the get rich quick syndrome get the better part of you.
Sunday, June 15, 2008
PENNY STOCKS
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1 comment:
Thanks for sharing such juicy information. Hope you will publish more information like this. Trading penny stocks are very risky but here you can find 100% growth that no other market will give you. Many investors like these stocks because these stocks do not take a large amount of money layout.
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