Penny Stocks Are volatile

by Ester
(California)

Here's what I think about penny stocks, my honest opinion: STAY AWAY. They are too volatile and unpredictable. You would be better of better off making a gambling tip to Las Vegas.

I prefer companies that have history, predictability and a great reputation. Companies with goals, strategy, financial stability and a great CEO and management team running it.

The stock market is a long term investment strategy. If you happen to make a profit in a couple days/weeks, sure, sell. But it's like going to Vegas, everyone is going to win every now and again, eventually though you will lose it all most likely.

I like the look of stocks in the energy sector right now, as the summer season is approaching and the demand will increase.

If you look to the stock market as a long term way to grow your money it probably will. If you are looking to get rich quick, it probably isn't going to happen.