Whenever a bull market starts there would be many new investor coming into the markets and they prefer low price stock as the general feeling is rs.10 stocks can double faster than high priced one and with tracking this market from 1989-1990 it has been jus 10-15% hit ratio which suggest that it is very risky and for a investment and many such stock I have never seen a research report from any broker house for past 2-3years which suggest that something fishy, and few years before when penny stocks where cracked by SEBI many news channel came with companies which jus had room and telephone and no business activity and investor cant be verifying each and every company personally so only I mentioned research report as any reputed research firm can give (buy or sell) but if they do it on a company which doesn’t exist it would ruin there reputation. i would end with a story on penny stock as
with market gaining movementum many vested interest have started to promote stocks which they are struck --- a person buys a penny stock knowing that it is a foolish decision but in feeling he would find a better fool and when he finds a better one he offloads and this cycle goes on till the biggest fool is struck with this stock i am not saying any stock is a good or bad but investor should know the validity of the stock as i see many mails on this stock in many groups.
http://in.groups.yahoo.com/group/prabhakar-views/join join and view files and links it is like a library.
with market gaining movementum many vested interest have started to promote stocks which they are struck --- a person buys a penny stock knowing that it is a foolish decision but in feeling he would find a better fool and when he finds a better one he offloads and this cycle goes on till the biggest fool is struck with this stock i am not saying any stock is a good or bad but investor should know the validity of the stock as i see many mails on this stock in many groups.
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