Penny Stock Market Thoughts

Penny Stock Market Thoughts

Tough market today. I have been expecting this day to come. I did purchase some FREE today. I have been talking about this stock for awhile. Yesterday, one of the penny stock tip newsletters came out with a recommendation on it. That was the reason for the initial pop at the beginning of the day. It has consistently sold off since then. I do think it represents an interesting trade possibility so I stepped up and purchased some today at $1.68. Unfortunately, it closed at $1.61. Keep an eye on the market. It is overdue for a correction. Don’t invest your entire account just yet. Hold some in reserve to take advantage if we do take a plunge. Often an entire month’s returns are made in only a few days. So be poised and ready should it happen. If we stabilize here before long then you can step in and invest in a more regular manner. I haven’t paid much attention to the other stocks that I have talked about here. It has been a busy day. I will look at them in the next day or so and give an update over the weekend.