[mage lang="" source="flickr"]net penny stock[/mage]
What do you guys think about the stock QMNM?
The website for this stock is http://www.questmining.net/. It is a coal company and I believe they have just started production a few months ago. (I know it is a penny stock) please don’t lecture me on how risky penny stocks are. I just wanted some expert advice and also if you think this is a legit company to invest in.
fundamentals – company has been losing money for 3 straight years. not good.
technicals – volume too small to be seriously traded for short and/or mid term position.
summary – wait for company to show signs of growth. best to observe financial statements every quarter and look at technicals for signs of uptrend. other than that, i wouldn’t get in for short, mid or long term. the numbers are just not there to support any buy recommendation.
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