Product Description
This book contains everything necessary to gain a working knowledge of the penny stock market. The current status of the OTCBB penny stock market is described along with updates on new rules that are making penny stocks a safer investment. The author investigates and answers the 25 most frequently asked questions by penny stock investors and provides “10 golden rules” to follow when trading penny stocks. Investment strategies unique to penny stocks such as MOMO plays, pump & dumps, and gappers are explained. Other tried and true investment strategies such as long-term holds, swing trades, averaging down, and day-trading are also discussed. The phenomenon of subpenny stocks is revealed and explained in addition to a feature on the message boards that are so important to penny stock investors. A unique feature of this book is a section containing links to over 100 penny stock web sites. Additionally, a list of 350 potentially explosive penny stocks is provide! d for the reader to investigate. By reading this book, new investors will gain the knowledge and confidence to trade penny stocks profitably.
22 May
11:10 pm on May 22nd, 2010
The book was excellent reading to supplement my knowledge of penny stock investing. Weaknesses include the strategies and emphasis on trading exclusively on the over-the-counter bulletin boards. Any reader who is interested in unemotional, systematic strategies including trading penny stocks on Nasdaq, New York Stock Exchange, and American Stock Exchange, may wish to browse through MAKING DOLLARS WITH PENNIES: HOW THE SMALL INVESTOR CAN BEAT THE WIZARDS ON WALL STREET, by R. Max Bowser. Bowser shares his twenty-two years experience in the penny stock arena. I think it encompasses a more comprehensive approach to investing in these type stocks.
Rating: 4 / 5
11:20 pm on May 22nd, 2010
As an avid Nasdaq and NYSE on-line trader, I was looking to diversify my portfolio through penny stocks.
The author does an excellent job of explaining the “ins and outs” of the penny stock market along with providing sound investment strategies. For the beginners and novices, I suggest you cease penny stock trading until you read this book.
After reading this book, I would proceed to the web sites the author suggests in order to find some stock buys. Once finding the stocks that interest you, I would apply the author’s investment principles, exercise patience, and await the rewards!
Rating: 5 / 5
12:27 am on May 23rd, 2010
I can’t believe that any of the other reviewers have experience trading stocks. This book doesn’t give you any concrete startegies. Basically stick with the top 100 volume pennies and then scan the online boards for ideas. He says to have a plan for exits, but it is basically take a guess – no rational. In one example he has a 5 stock portfolio, then “adds” up all the gains and says he had a net return of over 1800%. While still impressive, the gain on the portfolio is closer to 400%.
The only decent advice is to use limit orders so you don’t whacked by slippage, and to do due diligence (though he admits he doesn’t on most picks). This book is pretty much an intro to pennies then fly by the seat of your pants. It doesn’t deal with pennies on the NASDAQ or NYSE, just OTCBB and pink sheets.
Rating: 1 / 5
3:11 am on May 23rd, 2010
A MUST book for anyone interested in the Penny Stock Market! Excellent for beginners! Easy to understand text! If this book doesn’t help you in the fast growing market, nothing will!
Rating: 5 / 5
5:07 am on May 23rd, 2010
being fairly new to the stock game, i have acquired quite an extensive library on books about penny stocks. each seemingly different from the last and confusing more. but picking up this book by dan holtzclaw, has finally made sense out of the complexity of penny stocks. solid information about the risks and rewards.. friendly advice in an easy to understand format. tips and warnings to help you along your way. i now feel more comfortable after reading this book, and have even made a nice size return following mr. holtzclaw’s advice! two thumbs up!
Rating: 5 / 5