AP – Federal authorities have suspended trading by seven firms and filed criminal charges in Boston against 13 people from 10 states who allegedly used fraud to spur investments in penny stocks.
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Read More »Penny stock are stocks which trades for less than $5. Some saying that penny stocks are traded below $1. Penny stock is high risk, but can also reward high return. Penny stock can give you huge returns. To successfully play with penny stock, you have to know the right strategy.
If you want to play with penny stock, then you have to understand about technical analysis. Let me give you example of my way. First I screen from Penny stock which have high volatility. I can use the tool from my OptionsXpress account. They have a screener tool that you can use for free. Here’s what I look for:
You will found some stocks. Look every stock’s 3 months chart for stocks that recently breaks its resistance or support. When a stock reach its support level, it will be hard to go down again. And when a stock reach its resistance level, it will be hard to go up again. But when it breaks it’s resistance level, it will goes up a lot, and when it breaks it’s support level it will goes down a lot.
The idea is to find stocks that just breaks it’s support or resistance. If it breaks it’s support then short the stock, and if it breaks it’s resistance then buy the stock.
Timothy Sykes turned $12,000 into $2 million in four years, lost 1/3 of it, starred in the hit TV show Wall Street Warriors and is now committed to teaching everyone, finance freaks and normal people alike, to profit from the world’s trashiest stocks, penny stocks through his publishing company BullShip Press, LLC (seriously). This is part of the stock market that is filled with hype, manipulation and corruption and once you learn how to identify all the players and the games they play, which surprisingly isn’t very difficult, you can make some serious money with little risk.
The key is learning discipline and not getting too cocky from all the money you make! (seriously) This ain’t no get-rich-scheme, it’s the first brutally honest blog (www.TimothySykes.com), book (An American Hedge Fund), instructional DVD (PennyStocking) and subscription service (TIM ALERTS) focused on teaching the risks AND rewards of stock trading, broken down to the basics and integrated with a blog so our customers can interact and ask any questions whatsoever. Totally open. No more financial BS. No more sketchy schemes. No more overpriced crap. This is stock trading, specifically penny stock trading (ideal for people with just a few thousand dollars) going mainstream. Affiliates will earn 25% commissions on all products, meaning $75 per PennyStocking DVD package sold ($300 retail), $12.50 per month per TIM ALERTS subscription ($50 monthly retail) or $123.75 per TIMalerts annual subscription ($495 retail).
No joke, Timothy has learned from the boiler rooms themselves to give out big commissions to salespeople – except that these products are quality, not fraudulent! Think of the BullShip Press brand as a financial Girls Gone Wild, instead of profiting from young trashy girls, investors, traders, non-finance people and affiliates alike will profit from low priced trashy stocks! Read some blog posts (any blog posts) to see that this is all real and it’s gonna get everyone loving this greatly unloved and misunderstood financial sector.
