Why Is There So Little Useful Research Available On Penny Stocks?
Posted by Timothy Sykes on Thu 15th of Jan, 2009 03:30:44 PM
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This is a question I get a lot because people just can’t believe that somebody like me could be “an expert” in any niche?
Well, considering these stocks are so despised all you have are a handful or newsletters and blogs that you can really trust.
I won’t name names because I haven’t personally experienced any great advice/tips, nor do these other people have any affiliate programs—I’m telling you the people, even “the experts” like me, who play low priced stocks aren’t too many steps above Neanderthals, use it to your advantage!—so let’s just go over the places where you can’t turn for any useful opinions/advice:
1. Media outlets like TheStreet.com, Motley Fool, Investopedia, CNBC and Bloomberg—these sites are dependant on contributors, none of whom excel at playing Penny Stocks so the stuff they write about any small companies under $5 is laughable. They are incapable of detailing the effect of hype and manipulation, the main two influences of low priced stocks…it’s funny/sad to read them try to “value” Penny Stocks as if these companies had actual businesses that were worth anything (99.9%, approximately, of them don’t so don’t bother trying to find the 0.1%…seriously)…until I started blogging, Investopedia even said it was impossible to short stocks under $5!
2. Educational Materials—aside from my “An American Hedge Fund” , TIMraw, PennyStocking and PennyStocking Part Deux, I’ve yet to find one single book/DVD that really talks honestly and openly about how Penny Stocks are hyped/manipulated and how easy it is to profit form these patterns…pathetic
3. Websites—again, there are a few blogs/sites—which I detail in my upcoming TIMfundamentals DVD—that are good for research, but the vast majority are baaaaad. That’s because low priced stocks often pay bloggers, message board posters, newsletters and ANALysts to speak highly of them—a practice utilized only by THE WORST publicly traded companies in the world. If you read something interesting/good about any stock traded on the OTCBBs, Pink Sheets or any stock trading under $5 or $10, immediately be suspicious…these companies are failing/carcasses of companies, every now and then something good happens, but given the typical management incompetence down here in the gutter, they’ll find a way to screw it up!
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TIM Trades
View All| Date | Stock | Buy | Sell | Net |
|---|---|---|---|---|
| Nov 6 | QXM | $4.31 | $4.80 | $1936 |
| Nov 4 | COT | $8.66 | $8.88 | $642 |
| Nov 4 | QXM | $4.61 | $4.89 | $822 |
| Oct 30 | DDRX | $25.70 | $26.53 | $812 |
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| Oct 26 | AWSL | $3.24 | $4.10 | $2516 |
| Oct 23 | RODM | $5.27 | $5.23 | $301 |
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| Oct 22 | USEG | $6.12 | $6.09 | $85 |
| Oct 20 | CBOU | $8.93 | $9.06 | $243 |
| Oct 16 | VRMLQ | $16.79 | $18.65 | $2773 |
| Oct 13 | YONG | $11.05 | $11.66 | $1202 |
| Oct 13 | NPHC | $0.59 | $0.71 | $583 |
| Oct 12 | IMGG | $0.60 | $0.70 | $682 |
| Oct 9 | ZAGG | $5.50 | $6.10 | $2380 |
| Oct 7 | GVBP | $0.03 | $0.27 | $702 |
| Oct 1 | NPHC | $0.70 | $0.85 | $1482 |
Total: $92,304 (644%)
