Forget Penny Stock ips

April 26th, 2009

This is a warning to any of you newly decided Penny stock investors or traders.  Never listen to the Penny Stock Tips you may get online.  Unless you know the actual source and check it out thoroughly, do not act upon an internet tip.  Most are from pump and dump penny stock traders who sell into rallies cause by their false news.  Some ways they will prmote a penny stock are:

Internet forums.  They will create several usernames and spread a false rumor
Email spam.  Clearly you should never listen to someone that spams you a tip.
Banner ads.  If someone is paying to promote a stock, they clearly have a hint that the stock isn’t worth what it is alone.

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Entry Filed under: Business

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