Well I do admit that I once bought a penny stock as a newbie. Didn't throw a lot of money at it; and learned my lesson.
I used to follow some of the more outlandish penny stock boards here but it was the SOS just a different ticker.
I now stick to companies I know and try and pick a target gain that I'm comfortable with.
For the longest time I owned DUK since I'm in NC and held patiently until they finally merged with Progress Energy.
Every once in awhile I get some out of the blue PM from someone here about some stock. They go right in the trash.
Buy What You Know: An Update on a Classic Investing Strategy These days, what you know is more about researching your investments and diversifying your portfolio.
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