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Penny Stocks: The Next American Gold Rush

Average customer rating:

Dan and his Penny Stock Book
Oustanding book for starting into pennys
Pretty good book on penny stocks
No Substance
The Foundation for your Penny Trading

Penny Stocks: The Next American Gold Rush
Dan Holtzclaw
Manufacturer: Greek Financial Services
ProductGroup: Book
Binding: Paperback

Introduction | Investing | Business & Investing | Subjects | Books

Stocks | Investing | Business & Investing | Subjects | Books

General | Personal Finance | Business & Investing | Subjects | Books
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ASIN: 0967475805

Book Description

This book contains everything necessary to gain a working knowledge of the penny stock market. The current status of the OTCBB penny stock market is described along with updates on new rules that are making penny stocks a safer investment. The author investigates and answers the 25 most frequently asked questions by penny stock investors and provides "10 golden rules" to follow when trading penny stocks. Investment strategies unique to penny stocks such as MOMO plays, pump & dumps, and gappers are explained. Other tried and true investment strategies such as long-term holds, swing trades, averaging down, and day-trading are also discussed. The phenomenon of subpenny stocks is revealed and explained in addition to a feature on the message boards that are so important to penny stock investors. A unique feature of this book is a section containing links to over 100 penny stock web sites. Additionally, a list of 350 potentially explosive penny stocks is provide! d for the reader to investigate. By reading this book, new investors will gain the knowledge and confidence to trade penny stocks profitably.

Customer Reviews:

Dan and his Penny Stock Book.......2004-04-24

Well first let me say that this is a very short book - easily read in one sitting with 118 real pages. Unfortunatley for this book, it came out in 1999 so as we know this was during the hayday of stock fever. I found that a lot of his referenced website's don't exist anymore and only a fraction of his bulletin board's mentioned still survive. He also talk's about them WAY to much. In the era of technology and pertinent information, this was it's major downfall. Where he recommends bulletin board's for talking to others about stock & recommendations, I've only found the "bashers" and the "pump and dump'ers". No real value there unless you get lucky. I mean he even defines "LOL". I could hardly believe it. Most, if not all his examples make it sounds like he's a zillionaire, yet he's made several thousand. Whoopie. I've only found on average that less that 3-5 stocks a day go up significantly, and finding out when one or two stocks in a 1000 is going to "pop", impossible. Day trading of penny stocks is not recommended but there are several decent strategies shown for several day and on holding/playing the game. Penny stocks are nothing like Nasdaq except the way you buy and sell. Uber-Volility is the name of the game and it's very easy to loose. I read the book and it makes it look it's just to easy.. well in 99', it was hard to loose. In today's economy, it's a whole different ballgame. If you need some strategies, this could potentially be a good book, otherwise it's far outdated with old websites, and potentially incorrect inforation for the well informed. Read's like it was written by a sophmore in high-school, so it maybe an easy to understand, but of questionable value on 2004.

Oustanding book for starting into pennys.......2003-06-20

Outstanding book for starting into pennys. Good description of the various ways to trade, and the forces behind the market. I'd highly recommend it to anyone who's considering penny stocks.

Pretty good book on penny stocks.......2003-04-05

This was a pretty good book on penny stocks. I like how the author mentions that visting message board communities to hunt for ideas and rumors etc, is key while investing in penny stocks. That is very true, and not many people realize it can be a fundamental part of the investment process in penny stocks. The one downfall this book has, is that it was written in 1999 when the market was booming and the economy was robust. Now it is much harder to capitialze on the penny stocks, specifically those involved with some sort of technological advance. I found nearly half to all of the websites mentioned... to be defunct and non-operational. This just shows those penny stock pickers that investing in a bear market in such small securities is hazardous to your wealth, and nearly impossible to capitialize on.

No Substance.......2003-01-06

I can't believe that any of the other reviewers have experience trading stocks. This book doesn't give you any concrete startegies. Basically stick with the top 100 volume pennies and then scan the online boards for ideas. He says to have a plan for exits, but it is basically take a guess - no rational. In one example he has a 5 stock portfolio, then "adds" up all the gains and says he had a net return of over 1800%. While still impressive, the gain on the portfolio is closer to 400%.

The only decent advice is to use limit orders so you don't whacked by slippage, and to do due diligence (though he admits he doesn't on most picks). This book is pretty much an intro to pennies then fly by the seat of your pants. It doesn't deal with pennies on the NASDAQ or NYSE, just OTCBB and pink sheets.

The Foundation for your Penny Trading.......2002-09-19

Great book to start off. Its a penny bible. I have made some nice money over the years investing in pennies....this book should be selling at 100 bucks...not at the amazon price. If there is one book you need..get this.

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