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Penny stocks on the rise
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zhuge_liang
Supreme |
30-Jan-2007 01:27
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A Business Times study showed that between 1990 and 2007, the consistent buying of 10% cheapest stocks trading in the broadermarket would give investors a return of 1,641%. |
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rogue_trader
Master |
18-Jan-2007 01:41
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Hi synapse, some termed it as 1st liners or 2nd liners stocks. For me, I used tier. 1st tiers are blue-chips, 2nd tier in the middle range, 3rd tier penny stocks (in my own contexts). Some used 4 tiers to classify, e.g 1st tier are stocks above $10, 2nd tier are from $5 - $9, 3rd tier $1 - $4, 4th tier is the rest. There no right or wrong in this type of tier/liner thingie, it up to individual to "screen" counters into their different tiers, some may use market cap, some may use pricing. |
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Synapse
Member |
18-Jan-2007 01:32
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Hi rougue_trader, what are 1st and 2nd tier counters? Pls pardon my ignorance. Thanks. |
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rogue_trader
Master |
18-Jan-2007 01:15
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Some may say this is a sign of profit taking but IMO, players are exiting from penny counters and with their profits, entering 1st & 2nd tier counters. |
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maxsyn
Veteran |
17-Jan-2007 23:30
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today see penny stocks retreating.... |
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hikitty
Master |
17-Jan-2007 23:14
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Penny share trading will grind to a halt very soon and the shares will sleep for a few years unless the prices dip compared to their earnings prospects. (The PE are historically very high after the recent run up). It will take a few years for the companies to generate enough biz to justify their current respective high and crazy PEs. Don't expect local or foreign funds to invest in penny stocks!! Take the first flight to safety before others do by selling away the penny stocks. Had been observing big volume sell downs, but low volume buy ups . A sure sign of a retreating penny stock market. |
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KiLrOy
Master |
17-Jan-2007 21:44
Yells: "I buy only what I can see." |
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Folks, What application or screener do you all use to show all penny stocks in SGX? |
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Hulumas
Supreme |
17-Jan-2007 21:31
Yells: "INVEST but not TRADE please!" |
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Dear Readers, I think Penny stocks definitely on play throughout 2007, as such I like to call the Year 2007 is a Penny stocks Year. |
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ed88ks
Senior |
17-Jan-2007 14:22
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it's abt higher risk , better be safe, and start unloading amid slowly? at the same time punt on penny counters with cutting losses at any time... |
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iPunter
Supreme |
17-Jan-2007 06:46
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But the true picture is that schoolchildren and unsophisticated aunties can be buying stocks now, but most of them are still losing their hard-earned money. Only a small handful of their friends make a bit of lucky money, but only a handful lucky few. The majority still are losing like shitt. So the market is still not ripe for a correction until all or most of these people make pocket money by whacking on any stock anytime. |
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ed88ks
Senior |
17-Jan-2007 06:07
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when students and housewife are discussing what to buy and penny stock without value start moving up, do we need more reasons before the deep correction? |
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cashiertan
Elite |
17-Jan-2007 03:35
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i kind of agree with u on ur view. many is expecting a huge correction soon but i beg to differ. the oil dip is going to make petrol money rush to equity as investors avoid property in usa. however the correction will come but it wont be as bad as thought maybe 10-20% before climbing to greater height. thus TA guy may want to time while FA guy may take some profits soon while maintain most of their portfolio thru the correction.. |
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ed88ks
Senior |
17-Jan-2007 02:56
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YES, YOU ARE SPOT ON , GET OUT SOON AND LET OTHERS FACE THE COMING STORM |
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pikachu
Veteran |
14-Dec-2006 11:36
Yells: "Holy Cow!" |
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I have been monitoring the top 10 actives over the past few days and most of them are penny stocks. This is worrying to me! If penny stocks are the ones that are moving the most, then the bull is definitely in hibernation for winter! |
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