I must admit that I have never really dabbled in penny stocks. Like most, I’m all too aware of the blatant risks trading in smaller cap shares. While there are plenty of legitimate companies, many stocks that trade under one or two dollars are just shells for more dubious operations.
Just picked up ‘Finding the Next Starbucks: How to identify and invest in the hot stocks of tomorrow’ by Michael Moe. It’s not a very new book, it was actually published in 2006 but I’m finding it pretty good so far. As you might guess, the gist of the book is to try and find […]
Tomorrow’s stock picks are based on price action patterns as I’ve found that short-term trading opportunities are much more easily found using technical analysis over fundamentals. For a good book on technical analysis see John Murphy’s encyclopaedic Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications (New York Institute of […]
Best stocks to watch this week Traders have their work cut out for them this week and significant volatility could be in store. Not only will we see interest rate decisions from the ECB, BOE, RBA and Bank of Canada, traders will also be watching US non farm payrolls on Friday. However, all that could […]
Penny stocks. We have all heard of them. But very few of us know exactly what they are or where to buy them. The very thought of them conjures up different images for different people. For some its huge wealth and for others its huge risk. For me, its huge spreads. i.e. the costs of […]