Can you make real money with Penny Stock?I’m not talking about $25.00 here, or $300.00 there. I’m talking $100,000 investments/gambles. That’s what interests me.
It seems to be that there are two serious problems in investing in Penny Stock: (1) You can’t easily buy enough of it to make it worthwhile, and (2) It’s difficult to sell when you do “hit the jackpot.” Oh, yes, and its a gamble to start.
If I am missing something important, please let me know.
Yes, I do sometimes invest/gamble with $100,000; in fact, I just did it. How else are you going to make enough quickly enough when you are over 80?
Long term investments are just not for me.
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Yes, there are actually some very interesting penny stocks which are shorted beyond imagination. To my mind the reasons are (too) often that big players can get in a lot cheaper.
Take Eventbrite (EB). International event/meeting organizer and ticketing service provider.
Led by the founders (the Hartz couple). Last earnings (10 days ago)were for the first time positiv. MC 280mill. More than 500 mill. cash. Cooperating with tiktok since short.
BUT: Brutally shorted!!!! From 3,90$ – already a discount on earlier share prices – to minimal 2,51$ . . . it felt physically as if someone wanted to hurt the Hartzes . . .
If you like the investment branch, if you trust tough Julia Hartz, if you see a relevance for this company to exist and thrive: That may be a very rare chance to start at an absolute “zero point” (for the firm!)
Just watch and regard the aspects.
Greets!
Norbert
Well, there’s another reason why they’re not for me; I don’t understand what you just said. I’ve had enough.