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Re: oscar1000 post# 1777

Saturday, 04/10/2010 5:49:35 PM

Saturday, April 10, 2010 5:49:35 PM

Post# of 6296
My first advice to you would be: Do not invest in penny stocks, just trade them. No matter how good they sound, even if they have a cure for cancer, they are trading low for a reason. There is plenty of money to be made with them, but don't fall into the trap of reading too much about them and becoming a bag holder waiting for the day. Most of these companies have large outstanding and they keep getting larger because they dilute and some eventually reverse split. You will make more money if you buy up a bunch of shares and sell them on a couple of upticks. Don't be holding them. As far as sites, open up the Ibox of this board. Jimmy put a bunch of helpful sites in there. Here are a couple of others that may not be in the Ibox to help educate you:

http://www.sec.gov/answers/eadded.htm
http://www.learnaboutlaw.com/the-secs-streamlined-s-8-securities-registration-scheme-demystified
http://stockcharts.com/def/servlet/SC.scan
http://www.alphatrade.com/techSupport/marketMakers.html?page=a
http://www.finra.org/Investors/SmartInvesting/AdvancedInvesting/DayTrading/P005906
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