December 26, 2017: Markets opened lower Tuesday following the three-day Christmas holiday weekend. The DJIA briefly turned higher, but traded for most of the day with a small loss. Energy was the leading sector but couldn’t overcome weakness in tech and utilities. WTI crude oil for Februar
If I were to declare that 99% of all penny stocks are complete and absolute garbage, few would argue the point. Official statistics are hard to come by due to the enormous number of micro-capitalization companies.
Source: slgckgc via Flickr (Modified)
In addition, anyone — and I do mean anyone — can start a publicly traded entity. By their default nature, penny stocks....More>>>
In my post yesterday, I mentioned that investors with advisors – even run-of-the-mill ones – often do better than DIY investors, mainly because they’re following the program set by their advisor, and the advisor is following the program in which he or she was trained, which is to, well, stick with the program – in markets both good and bad.
Seadrill Ltd (NYSE:SDRL) is deep into penny-stock land these days. A low-priced stock is often a bad investment. Just because it’s cheap, doesn’t mean it’s a bargain. Too often, while there can be huge gains in penny stocks, the risks are huge, as well. Given its recent problems, SDRL stock is not what it once was.
Seadrill used to be a high-flying company.....More>>>