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Re: None

Friday, 08/27/2004 9:13:56 AM

Friday, August 27, 2004 9:13:56 AM

Post# of 279080
FWIW: Some exposure in the regular media.

http://www.sacbee.com/content/business/story/10526132p-11445188c.html

Q: I'd like to know when it is good to take a chance on investing in a penny stock. I have some disposable income that I'd like to put into a new television network called The Q Television Network (QBID).

Putting $200 to $300 into this for fun might be a gamble, but the upside might be huge if it just goes to about 5 cents or 10 cents a share. What do you think about this gamble?


- Mike, Sacramento

A: You're right on the money when you use the term "gamble" because that's exactly what penny stocks are.

Any investor who buys a penny stock has to be willing to lose all of his money. Putting up a few hundred dollars for the chance of making a small fortune sounds enticing, and for many people it is.

To me, the real danger isn't in losing a few hundred dollars. In fact, I think you can ultimately lose more if the stock moves up.

When that happens, investors often are tempted to buy more of the same stock, greatly increasing their outlay beyond what they had originally intended.

And, if they do make a profit on their first penny stock, they can be tempted to buy other penny stocks, putting themselves at greater risk.

The company you're thinking about investing in is actually called Triangle Multi-Media Inc. and it sells for about a half-cent a share.

The stock has been as high as 2.8 cents a share in the last year, according to pinksheets.com, where you can find more information on the company.

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