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Penny stocks on the rise

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%.

 

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.

 

Hi rougue_trader, what are 1st and 2nd tier counters? Pls pardon my ignorance. Thanks.

 

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.

 

today see penny stocks retreating....

 

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.
 

 

Folks,

What application or screener do you all use to show all penny stocks in SGX?

 

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.

 

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...

 

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.

 

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?

 

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..

 

YES, YOU ARE SPOT ON , GET OUT SOON AND LET OTHERS FACE THE COMING STORM

 

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!