Penny Stock Egghead Review

Penny Stocks are any that are traded for $5 or under a share. With the recent recession causing a dramatic decline in the value of the stocks of many large corporations, new opportunities to “get in cheap” have appeared in the market. For example, one of the nation’s largest wireless companies, Sprint (S), has dropped the price of their stock from $25 to $3 a share in the past five years, yet are still the third largest cell company in the US. With companies like this, it’s a sure bet that when the market eventually does bounce back, those who got stock at these low rates can turn around a huge profit.Penny Stocks as InvestmentsMost people, when asked what stock to buy, would say Apple (APPL). While this is certainly true, the cost of Apple’s stock is prohibitive to the average American to be able to invest in significantly. At over $500 a share, you’d need around $100,000 to buy a significant number of shares. If all you have is $1000 dollars, a stock like this is just no
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