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Showing posts from April, 2017

Do You play Penny Stock?

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Many of so call investors like to invest (or I call it speculate) in Penny Stock. What is penny stock? In Malaysia terms, many classified those stock below 50 cents as penny stock. Why is penny stocks so popular among the retailers? The main reason, people still assume that stock with cheap price can go up more easily and they can buy more units. In fact, a person who buy 100,000 units of 5 cents versus 1000 unit of $5 stock, both are paying same total amount of $5,000, But the one who buy the penny stocks tend to face more risk, as many of the investors have no idea who is behind the penny stocks and how these people operate the stock. There's nothing wrong to speculate in penny stocks provided you know how these people operate it. Not long ago, some of the investors may noticed that Bursa issue an alert statement to all investors, one of the phase they did mentioned was "Pump and Dump" on penny stocks. If you like penny stock, then need to have basic idea how this w