What Are Penny Stocks Exactly?
Penny stocks are the shares offered by public companies, trading them for just less than $1.00. However, there are some businesses that trade them for less than $5.00 each. Penny stocks have been said to be moderately risky, however, it has a remarkable potential for profit. There are several reasons why penny stocks may be risky, but the main one is because these shares have increased from just 25 cents to 20 dollars, and because firms responsible haven’t provided any detailed information regarding the stocks or the firms themselves.
For those who don’t know what stocks are, here’s a definition. A stock, otherwise known as a share or equity, is a fraction of the ownership of a certain business or firm. A share in the business will give the stock owner a chance to obtain of the company’s earnings. For example, if a certain company has provided a total of 100 shares, then, one share will equal to 1% of ownership in that company.
What is the Penny Stock Prophet?
This is otherwise known as the Prophet, and it is the newest and latest software that can help people in earning from the shares they have traded. This most recently developed software was produced by an MIT Mathematics student, called James Connelly, who had the amazing talent of picking breakout shares before they even happened.
Does this work?
Several people have tried using the prophet. James Connelly himself has tested his creation numerous times, that he is extremely confident that it works and is not a scam, unlike those people who say that it is. According to Connelly, the first time he tested the system, he was able to obtain an average of 28% on 11 trades and more in just 30 days. However, if you want to be sure that this particular system isn’t a scam, it is best that you read at least one Penny Stock Prophet review. There are several available online. All you have to do is just search for them. There’s no other better way to know if a certain product or system is reliable and not a scam if you look for consumer reviews.
There is another way for interested people to pick and trade a share. This other option is known as the Penny Stock Egghead.
What is it?
The Penny Stock Egghead is a newsletter created, developed and published by Nathan Gold, who is a newsletter publisher. This particular newsletter is released once a week, every week, focusing on making a penny stock pick. This bulletin informs people on whether a share is worth buying or not. Subscribers will also be informed on how to make a pick and what important factors they need to consider when deciding on a pick.
How does this work?
You can make money simply by purchasing the picks that the newsletter offers. However, the problem is that these are only short-term trades.
Is this bulletin worth it?
According to several people, it is worth the price, because its price is only $97 good for a lifetime subscription of the newsletter, offering customers penny stock picks every week. It also has a money back guarantee if customers are not satisfied. However, to earn well using this newsletter, one needs to have adequate experience and amount of knowledge in investing.
Is this reliable?
There are people who have said that it is reliable, yet there are those who have said the opposite. To make the best decision for yourself, read at least one Penny Stock Egghead review. Reading more reviews will be better.
Tim Sykes: How to Profit From Penny Stock Scams