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Penny Stocks, Scam or not?
In: Investing
20 Feb 2009Many people are subject to penny stock scams through emails. There are over 50 billion emails marked as spam and a lot of them may mention investing with penny stocks. Spam should not be considered a reliable source for investments. But, does this mean that essentially all stocks are scam?
Using the internet, you may see scams of penny stocks. Losing 8% of your investment within seconds is not unheard of. A lot of times, these stocks do not exist at the price stated or may not even exist at all. Such a scam is called a pump…
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