Many people have been subject to penny stocks scams. They
hear about the next big hot penny stock in message boards, e-mails,
faxes, and other people who claim that such and such penny stock will go
through the roof. So they listen and put some money in the penny stock. Then, lo and behold, they see their investment crash and they wonder what went wrong. Then they go to other people's fault, when in fact, they have no one to blame but themselves. Here are three ways to protect against penny stock scams yourself.
1. Take information that you see on message boards with a grain of salt.
Message boards are a double-edged sword. On the one hand, they can be. Be a great source of information On the other hand, message boards to gnaw the beginners. Been fertile ground for the wolves These wolves are known as "pumpers". They will throw important sounding terminology at you and come across as to make sure that this is the next penny stock to invest in. Sometimes these "pumpers" are none other than those paid by the hyped penny stock company to artificially inflate the price Available through word of mouth. To use when making your final decision. Use extreme discretion when deciding what information
2. Ignore all mail, email, or fax a penny stock hypes.
A penny stock promoted through unsolicited e-mail, email, fax would label themselves as large red letters spelling SCAM. Do you know people who are all talk and no action? Penny stocks that promote themselves via spam are all talk and no action. The sole purpose of spending is to create the price of the penny stock blow. Artificial height Then the people who promote the stock will sell their shares at a profit thus driving the share price down so those who have recently invested in a negative loss. What makes the situation worse is that the same people who recently bought will hold in the hope of having the stock price to rise again, but 9.9 times out of 10, the stock price will continue to fall and they will suffer a greater loss.
3. Do your own research and personal responsibility.
If you happen to stumble on a penny stock that shows promise, do not take it at face value. Do your own research on this penny stock. What kind of services or products to the offer? How is their cash flow already in recent years? Do they have the bankruptcy recently? Take a look at their quarterly statements. In other words, you and you alone must take full responsibility for any action you take when it comes to money in penny stabbing to take supplies.
Follow these three guidelines and you will do well in protecting yourself against penny stock scams.
1. Take information that you see on message boards with a grain of salt.
Message boards are a double-edged sword. On the one hand, they can be. Be a great source of information On the other hand, message boards to gnaw the beginners. Been fertile ground for the wolves These wolves are known as "pumpers". They will throw important sounding terminology at you and come across as to make sure that this is the next penny stock to invest in. Sometimes these "pumpers" are none other than those paid by the hyped penny stock company to artificially inflate the price Available through word of mouth. To use when making your final decision. Use extreme discretion when deciding what information
2. Ignore all mail, email, or fax a penny stock hypes.
A penny stock promoted through unsolicited e-mail, email, fax would label themselves as large red letters spelling SCAM. Do you know people who are all talk and no action? Penny stocks that promote themselves via spam are all talk and no action. The sole purpose of spending is to create the price of the penny stock blow. Artificial height Then the people who promote the stock will sell their shares at a profit thus driving the share price down so those who have recently invested in a negative loss. What makes the situation worse is that the same people who recently bought will hold in the hope of having the stock price to rise again, but 9.9 times out of 10, the stock price will continue to fall and they will suffer a greater loss.
3. Do your own research and personal responsibility.
If you happen to stumble on a penny stock that shows promise, do not take it at face value. Do your own research on this penny stock. What kind of services or products to the offer? How is their cash flow already in recent years? Do they have the bankruptcy recently? Take a look at their quarterly statements. In other words, you and you alone must take full responsibility for any action you take when it comes to money in penny stabbing to take supplies.
Follow these three guidelines and you will do well in protecting yourself against penny stock scams.
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