Investor Help (NO Ihub questions)

[cintrix]

I suggest you read up on this board. I also suggest that you are extremely careful about penny stocks if you are a novice. They may be attractive because they are cheap and you can buy up a lot at a time, but they are down at that price for a reason and most of them will burn you badly if you don't understand what you are doing. If you must do the penny route, trade them - do not invest in them - and don't wait for a huge hit - take small profits on them and move on. Even if they have a cure for cancer! Don't believe the hype on the stock specific boards. I have noticed that on Ihub I see remarks on penny stock boards that are so wrong - the amateur traders flock to stock specific boards.

From you description I get the feeling you are looking for some magic pill to get you out of debt. Trading successfully is not easy and can take years to get a grip on. If you don't have cash that you don't mind losing, I don't recommend it. If you are looking to actually invest then I suggest you look at blue chip with dividends. I get the feeling this is not where you are looking because if you had the cash to invest in decent companies you wouldn't have a lot of debt and need a car. Trading in penny stocks will not get you out of debt. Another very huge point when it comes to trading is to take your losses while they are small. You will have losses so don't keep waiting for a stock to come back up. Have an exit planned.